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PhonePe SBI Card SELECT BLACK
SBI Card

PhonePe SBI Card SELECT BLACK

10% back on bills, recharges & travel in the PhonePe app

Joining fee₹1,499 + GST
Annual fee₹1,499 + GST
NetworkRuPay / Visa
Forex markup3.5%
LoungeYes
Best forUtilities & Bills
Apply on issuer site Compare
Details checked October 2026

01Rewards

Utilities, recharges, bill payments & travel on PhonePe10% value back, capped at 1,500 RP/month
Other online shopping5%, capped at 1,000 RP/month (cut from 2,000 on 1 Jul 2026)
UPI & all other spends1%, capped at 2,000 RP/month

Redemption: Redeem points as statement credit or PhonePe gift cards.

02Fees, benefits & charges

Fee waiver
Renewal waived on ₹3 lakh annual spend
Welcome benefit
₹1,500 PhonePe gift card
Milestones
₹5,000 Yatra voucher on ₹5 lakh annual spend
Airport lounges
4 domestic visits a year (1/quarter)
Forex markup
3.5%
Fuel
1% surcharge waiver up to ₹250
No rewards on
Fuel, wallet, rent, education, government, gaming, EMI, tolls, gift cards, jewellery; bills paid outside PhonePe

03Highlights & watch-outs

Highlights

  • 10% on bills is rare
  • Earns on UPI as a RuPay card
  • Welcome gift card covers most of the fee

Watch out for

  • Bonus only inside the PhonePe app
  • Online shopping cap halved in Jul 2026

Suits: People who pay all household bills through PhonePe.

04FAQs

What is the annual fee of the PhonePe SBI Card SELECT BLACK?
The annual fee is ₹1,499 + GST, and the joining fee is ₹1,499 + GST. Renewal waived on ₹3 lakh annual spend
Does the PhonePe SBI Card SELECT BLACK offer airport lounge access?
4 domestic visits a year (1/quarter)
What is the forex markup on the PhonePe SBI Card SELECT BLACK?
The foreign currency markup is 3.5%.
Which spends don’t earn rewards on the PhonePe SBI Card SELECT BLACK?
Fuel, wallet, rent, education, government, gaming, EMI, tolls, gift cards, jewellery; bills paid outside PhonePe.
ⓘBefore you apply: fees and rewards above were checked in October 2026 from issuer pages and public sources. Banks can change terms at any time — the issuer’s application page is the final word. Approval depends on the bank’s own checks.
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PhonePe SBI Select Black₹1,499 + GST
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