PhonePe SBI Card SELECT BLACK
At a Glance
Key features
- 10 Reward Points per ₹100 on PhonePe app recharges, utilities, bill payments, insurance and travel
- 5 Reward Points per ₹100 on eligible online spends; 1 per ₹100 on other spends; 1 point = ₹1
- Points redeem for vouchers or as credit against the statement, with no redemption fee
- Monthly point caps: 1,500 PhonePe (plus 500 on PhonePe insurance), 1,000 online, 2,000 other spends
- ₹1,500 PhonePe gift card on paying the annual fee
- 4 complimentary domestic lounge visits a year (1 per quarter) plus a 2-year Priority Pass membership
- ₹5,000 Yatra voucher at ₹5 lakh annual spend; renewal fee reversed at ₹3 lakh spend in the previous membership year
- Issued on Visa and RuPay; scan-and-pay UPI via the PhonePe app earns 1%, UPI outside PhonePe earns nothing from 1 July 2026
Rewards
| Category | Rate | Detail |
|---|---|---|
| phonepe app spends | 10× | 10 Reward Points per ₹100 on eligible PhonePe app spends, limited to Recharges, Utilities, Bill Payments, Insurance and Travel. Capped at 1,500 points per calendar month on non-insurance PhonePe spends plus 500 points per calendar month on PhonePe insurance spends. |
| bill payments | 10× | Utility and bill payments earn 10 points per ₹100 only when paid inside the PhonePe app (within the 1,500 points/month PhonePe cap). Utilities and insurance paid outside the PhonePe app earn no points. |
| online shopping | 5× | 5 Reward Points per ₹100 on eligible online spends, capped at 1,000 points per calendar month. From 1 July 2026, online UPI transactions outside PhonePe earn no points. |
| Default earn rate | 1× | All other eligible retail spends |
| Welcome bonus: ₹1,500 PhonePe e-gift voucher after the ₹1,499 annual membership fee is paid, sent to the registered mobile number within 45 days. Not issued on cards opened under the first-year-free offer. | ||
Fees
| Joining feeLimited period offer: first-year fee waived for new applications received 3 Apr 2026 to 2 Jun 2026 (extendable at SBI Card's discretion); the ₹1,500 PhonePe welcome gift card is not issued under this offer. SBI Card's product page listed the ₹1,499 + taxes fee with no waiver on 2026-09-28. | ₹1,499 |
| Annual feeRenewal fee of ₹1,499 + taxes from the second year, reversed on spends of ₹3 lakh or more in the previous membership year | ₹1,499 |
Lounge access
Eligibility
FAQ
Frequently asked questions
How much can I earn on the PhonePe SBI Card SELECT BLACK?
It earns 10 reward points per ₹100 on recharges, bills, insurance and travel paid in the PhonePe app, 5 on eligible online spends and 1 on other spends. One point is worth ₹1. Monthly caps apply: 1,500 points on PhonePe spends plus 500 on PhonePe insurance, 1,000 on online spends and 2,000 on the rest.
What is the annual fee on the PhonePe SBI Card SELECT BLACK?
The joining fee is ₹1,499 plus taxes, and the same ₹1,499 renewal fee applies from the second year. SBI Card reverses the renewal fee if you spend ₹3 lakh or more in the previous membership year. Paying the fee also earns a ₹1,500 PhonePe gift card, which cancels it out.
Does the PhonePe SBI Card SELECT BLACK offer lounge access?
Yes. You get 4 complimentary domestic airport lounge visits a year, limited to 1 per quarter, without any spending threshold. It also includes a complimentary 2-year Priority Pass membership for international lounges, but each Priority Pass visit is charged at USD 27 plus taxes, so there are no free international visits.
Is SELECT BLACK worth ₹1,000 more than the PhonePe SBI Card PURPLE?
It earns 7 points more per ₹100 on PhonePe spends and 3 more on online spends, so roughly ₹14,300 of PhonePe bill payments a year covers the fee gap. Add the ₹1,500 gift card, 4 domestic lounge visits and a ₹5,000 Yatra voucher at ₹5 lakh spend, and most PhonePe bill payers come out ahead.
Ready to apply for the PhonePe SBI Card SELECT BLACK?
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