PhonePe SBI Card SELECT BLACK
The PhonePe SBI Card SELECT BLACK is a co-branded card offering 10% reward points on PhonePe app spends (capped at 1,500 points/month), 5% on other online spends (strictly capped at 1,000 points/month, reached at ₹20,000 spend), and 1% on general retail (capped at 2,000 points/month).
Cashback Fit Score
95/100
Joining Fee
₹1,499
Annual Fee
₹1,499
Reward Rate (%)
1 – 10
Statement credit
Forex Markup
3.5%
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CardCheck Rating & Score
Our proprietary algorithm evaluates cards across reward value, fee fairness, lounge access and terms to provide an unbiased score.
Reward Power
35/35
Fee Value & ROI
18/25
Lounge & Perks
11/20
Forex & Access
12/20
Category Strengths Breakdown
Ranked by strongest spend categoryScoring Methodology: Evaluated deterministically using verified bank MITC filings, fee waiver spend ratios, reward percentage caps, and lounge agreements. No card receives sponsored score inflation. Learn how we score →
PhonePe SBI Card SELECT BLACK Benefits
PhonePe SBI Card SELECT BLACK Rewards
How you earn back on every swipe
cashback
Reward type
1% – 10%
Earn rate
₹4,500
Monthly cap
₹4,500
Monthly cap
PhonePe SBI Card SELECT BLACK Fees & Charges
Programme fees we track below. Interest on cash withdrawals or revolving balances, late-payment slabs and other statutory charges are detailed in the official Most Important Terms and Conditions (MITC).
PhonePe SBI Card SELECT BLACK Lounge Access
Airport perks included with this card
1 per quarter
Domestic lounge visits
Things to Keep in Mind
- cash withdrawals
- balance transfers
- flexipay
- encash
- e-wallet uploads
- cashback transactions
- rental payments
Card Features
Fee Waiver Spend Simulator
Simulate your spend to check waiver eligibility
🎉 Annual renewal fee 100% waived! At ₹25,000/mo (₹3,00,000/yr), your ₹1,499 fee drops to ₹0.
Tips & reviews
Community comments — not financial advice. Bank terms still apply.
PhonePe SBI Card SELECT BLACK Eligibility
Employment type
Pros & Cons
- 10% rewards on PhonePe app spends (capped at ₹1,500/month)
- 5% rewards on broader online spending (capped at ₹1,000/month)
- 4 complimentary domestic airport lounge visits per year (1 per quarter)
- RuPay/UPI enablement for merchant QR payments
- Annual renewal fee waived on ₹3 lakh annual spend
- Online 5% rewards strictly capped at 1,000 points (₹1,000) per calendar month (reached after ₹20,000 spend)
- PhonePe 10% rewards capped at 1,500 points (₹1,500) per calendar month
- ₹1,499 annual fee is relatively high unless spending ₹3 lakh annually for waiver
- Excludes education, tolls, jewelry, and non-PhonePe UPI transactions from rewards
- 3.5% foreign currency markup fee
Who is this card for?
Suited for active PhonePe ecosystem users who frequently pay bills, recharges, and merchant orders on PhonePe and want domestic lounge access with moderate online shopping rewards.
Quick Links
Data last updated 4 Sept 2026
Calculate your exact earnings with PhonePe SBI Card SELECT BLACK
Enter your monthly spending in groceries, dining, fuel, travel, and shopping to calculate your estimated net return after fees, reward caps and exclusions.
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