Question 1

What is the annual fee on the PhonePe SBI Card SELECT BLACK and how do you get it waived?

Accepted Answer

The PhonePe SBI Card SELECT BLACK charges ₹1,499 plus GST as a joining fee and the same ₹1,499 again at renewal. SBI Card waives the renewal fee if you spend ₹3L in the previous year, which is about ₹25,000 a month. If your card spend sits below that, treat ₹1,499 as a real yearly cost that your rewards have to clear first.

Question 2

What is the reward rate on the PhonePe SBI Card SELECT BLACK?

Accepted Answer

You earn 10 points per ₹100 on eligible PhonePe & Pincode spends. Everything else earns 1 point per ₹100. Each point is worth about ₹0.25 when you redeem it well, so ₹10,000 of top category spend gives you 1000 points, roughly ₹250, which is about 2.5% back. The accelerated rate stops after ₹2,000 of spend in a month. Fuel, Wallet loading, Rent, Education earn nothing at all.

Question 3

Does the PhonePe SBI Card SELECT BLACK give free airport lounge access?

Accepted Answer

The PhonePe SBI Card SELECT BLACK gives 4 complimentary domestic lounge visits a year, usually capped at 1 per quarter. International lounge visits are capped at 4 a year. There is no prior spend requirement on paper, though SBI Card has been moving cards to spend linked access, so confirm before you rely on it at the airport.

Question 4

What changed on the PhonePe SBI Card SELECT BLACK recently and is it still worth it in 2026?

Accepted Answer

SBI portfolio-wide cuts: 1% wallet/education fees (Nov 2025) and Jan 2026 lounge revision. The changes are dated Nov 2025; Jan 2026. At ₹3L of yearly spend the card returns roughly ₹3,000 at its general rate of about 1%, against a ₹1,499 renewal fee. Keep it if you clear the ₹3L waiver spend and your spending really sits in the accelerated category. Drop it at renewal if you do not.

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PhonePe SBI Card SELECT BLACK

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