PhonePe SBI Card SELECT BLACK

SBI Card · ₹1,499 a year · fee waived on ₹3,00,000 of annual spend

Pays up to 10% on bills in the PhonePe app and 5% online, within monthly caps.

Base rate: 1% as Reward Point.

What the bank says

• 10 reward points per ₹100 on PhonePe app spends, 5 on online spends, 1 on the rest
• 1 reward point = ₹1
• 4 domestic lounge visits a year and a Priority Pass membership for two years
• Yatra e-voucher worth ₹5,000 on annual spends of ₹5 lakh
• Annual fee reversed on annual spends of ₹3 lakh

Where it pays more

• 10% on bills paid in the PhonePe app (10 points per ₹100), up to 2,000 points a month
• 5% on online spends (5 points per ₹100), up to 2,000 points a month

Things that catch people out

• We assume 80% of your bills are paid in the PhonePe app. Bills paid elsewhere earn nothing.
• From 1 July 2026, SBI Card caps points each month: 2,000 on PhonePe spends, 2,000 on online spends, 1,000 on other spends and 500 on insurance.
• No points on tolls, jewellery, education, or UPI, utilities and insurance paid outside the PhonePe app.

Joining fee: ₹1,499. Foreign currency markup: 1.99%.

Read from SBI Card’s own page on 2026-09-16.

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