SBI CardPhonePe SBI Card SELECT BLACK
Earn rewards and benefits with PhonePe SBI Card SELECT BLACK.
Top Category Performance
RuPay UPI Scan & Pay (88/100)
Joining Fee
₹1,499
Annual Fee
₹1,499
Reward Rate (%)
1 – 10
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
8/20
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
hybrid
Reward type
1% – 10%
Earn rate
₹1
Per point
PhonePe SBI Card SELECT BLACK Fees & Charges
Programme fees we track below. Interest on cash withdrawals or revolving balances, late-payment slabs and other charges are set by the bank and spelled out in their Most Important Terms and Conditions (MITC). Use the official product page for those details.
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
- Strong rewards for PhonePe users
- Good cashback-style value on utilities and bill payments
- Simple ₹1 per reward point redemption
- Includes lounge access and travel perks
- UPI rewards support on RuPay variant
- Good mix of lifestyle and cashback benefits
- Welcome benefits offset joining fee well
- Monthly reward caps limit heavy spenders
- High rewards apply only to selected categories
- Annual fee waiver threshold is relatively high
- Limited value for non-PhonePe users
- Offline rewards are average
- International travel benefits are limited
- Multiple exclusions reduce effective reward rate
Quick Links
Data last updated 14 Aug 2026
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More from SBI Card
Calculate your exact earnings with PhonePe SBI Card SELECT BLACK
Enter your monthly spending in groceries, dining, fuel, travel, and shopping to calculate your guaranteed net return after annual fees.