PhonePe SBI SELECT BLACK Credit Card
- Updated On: 3 April, 2026
SBI Card is the second credit card issuer in India with whom PhonePe has launched co-branded credit cards, the first being HDFC Bank. The PhonePe SBI Purple and Select Black are two rewarding offerings introduced through the collaboration between PhonePe and SBI Card.
The PhonePe SBI Select Black Credit Card is a highly rewarding card that can be availed by paying a joining fee of ₹1,499 + GST. Upon payment of the joining fee, cardholders receive a PhonePe gift voucher worth ₹1,500, effectively offsetting the cost and making the card partially free for the first year.
This card is best suited for individuals who frequently use PhonePe for bill payments, UPI transactions, and other spends. It offers a high reward rate of 10 Reward Points/₹100 on select spends such as recharges, utilities, bill payments, insurance, and travel, but only when made via PhonePe. The accelerated rewards category comes with a reasonable cap of 2,000 Reward Points per month.
In addition to an excellent reward structure, the card also provides free domestic airport lounge access and a complimentary Priority Pass membership. Keep reading to explore the full features and benefits of this card.
PhonePe SBI SELECT BLACK Credit Card
( 4.8 / 5 )
- Joining Fee
- Annual Fee
- Best Suited For
- Reward Type
Rewards Rate
10 Reward Points/₹100 Spent on PhonePe, 5 Reward Points/₹100 Spent Online, and 1 Reward Point/₹100 on Other Valid Spends
Welcome Benefits
PhonePe Gift Voucher Worth ₹1,500
Rewards and Benefits
Movie & Dining
N/A
Rewards Rate
10 Reward Points/₹100 Spent on PhonePe, 5 Reward Points/₹100 Spent Online, and 1 Reward Point/₹100 on Other Valid Spends
Reward Redemption
1 Reward Point = ₹1 and Can be Redeemed as Statement Credit or as Gift Vouchers
Travel
Complimentary Priority Pass Membership for the First Two Years
Domestic Lounge Access
4 Free Domestic Lounge Visits Each Year
International Lounge Access
N/A
Golf
N/A
Insurance Benefits
N/A
Fees & Charges
Spend-Based Waiver
Annual Charges are Reversed on Spends of ₹3 Lakh
Rewards Redemption Fee
N/A
Foreign Currency Markup
3.5%
Interest Rates
3.75% Per Month (45% Annually)
Fuel Surcharge Waiver
1% Waiver on Fuel Transactions Between ₹500 and ₹4,000
Cash Advance Charges
2.5% or ₹500 (Whichever is Higher)
Product Details
- This is a co-branded offering launched by PhonePe and SBI Card.
- This card is most suited for those who use PhonePe for making various payments.
- The PhonePe SBI Select Black Credit Card offers 10% Reward Points for PhonePe spends, 5% Reward Points for online spends, and 1% Reward Points for all other spends, including UPI.
- Cardholders will also receive complimentary domestic airport lounge access with this card.
- Although no international airport lounge access is offered, cardholders are eligible for a complimentary Priority Pass membership.
Pros/Cons
Pros
- The annual fee waiver is set at a spend of ₹3 lakh, which is quite reasonable considering all the benefits and features this card offers.
- This card is extremely useful for everyday bills and insurance payments, which can be made via PhonePe. Such categories are not usually rewarded by credit cards.
Cons
- Instead of the complimentary Priority Pass membership, it would have been more useful if the card offered access to international airport lounges.
- There are no renewal fee benefits offered with this card.
Welcome Benefits
A ₹1,500 PhonePe Gift Card will be sent to the cardholder 45 days after the joining fee is paid.
Up to 10% Rewards on Regular Spending
- 10 Reward Points/₹100 on eligible PhonePe (Recharges, Utilities, Bill Payments, Insurance, and Travel Only) & Pincode spends. Cardholders can earn a maximum of 2,000 Reward Points per month for this category.
- 5 Reward Points/₹100 on eligible online spends. Cardholders can earn a maximum of 2,000 Reward Points per month for this category.
- 1 Reward Point/₹100 on other spends, including Scan and Pay transactions. Cardholders can earn a maximum of 2,000 Reward Points per month for this category.
- Utility and insurance spends made outside PhonePe will earn only base rewards at 1 Reward Point/₹100, capped at 500 Reward Points per month.
1 Reward Point = ₹1
Exclusions from Rewards Earning
The following transactions shall not earn any Reward Points.
- Wallet Loading
- Fuel
- Payments Towards Rent/Property Management
- School and Education
- Governmental Spends
- Digital Gaming Platform/Merchants
- Financial Charges
- Encash
- ATM Withdrawals
- Flexipay Transactions
Free Airport Lounge Access and Priority Pass Membership
Cardholders are eligible for one free domestic airport lounge access per quarter, totaling four visits per year. The card also offers complimentary Priority Pass membership for the first two years of card membership.
Milestone Benefits
| Spends | Benefit |
| Spends of ₹3 Lakh | Renewal Fee Reversed |
| Spends of ₹5 Lakh | Yatra Voucher Worth ₹5,000 |
The Yatra Voucher is valid for booking domestic and international flights, as well as domestic hotels and holidays, on the Yatra website.
Final Words
The PhonePe SBI SELECT BLACK Credit Card is a must-have for everyone. Recharges, electricity bills, insurance payments, and other utility bills are regular expenses, and this card offers up to 10% rewards on such spends via PhonePe, capped at 2,000 Reward Points per month, resulting in savings of up to ₹24,000 per year.
It also rewards online spends (5% Reward Points) on platforms and brands like Amazon, Swiggy, Zomato, Uber, Myntra, Nykaa, BookMyShow, MakeMyTrip, Blinkit, Zepto, and more.
Whether you’re paying bills or shopping online, this card adds value.
For travelers, it provides free domestic airport lounge access with no minimum spend requirement, a notable upgrade from the PhonePe HDFC Ultimo. In every way, the PhonePe SBI SELECT BLACK Credit Card is a smart choice for all.
FAQs:
How many Reward Points will I earn for UPI payments?
All Scan and Pay transactions will earn 1 Reward Point for every ₹ 100 spent.
What are the annual charges for this card?
This card can be availed by paying a joining and annual charge of ₹1,499 + GST.
7 comments
ashish
need a list of online spends applicable for phonepe black credit card
it says 1000+
I need to pay to Wakefit and I wanted to know if i would get 5% cashback
Hemanth
Hi, Does the Phonepe SBI Card charge a convenience fee & Platform fee for Recharge and Bill payments like Airtel Axis?
Kartik Kanwar
Very minimal..
raja
hi,can you share the list of domestic airport lounges that we can access with this card? i couldnot find it anywhere. i am travelling to chennai airport,can i use this for international departure lounge TRAVELCLUB in T2 terminal?
Hemanth Satheeshkumar
Hey!
Regarding the insurance payments…is the 10 percent applicable for the insurance which
I’m purchasing newly from phone pay through this card or
If I have an existing insurance and just to pay premium I’m using this card!
Also…they have mentioned specified category for that 10 percent reward!…what’s that…could you through some light on it…becoz this weight helps users to calculate their own benefit and let them know whether to opt this card or not.
Bishnupada
I have two queries-
1. Whether flipkart is covered under online spends of 5% ?
2. What is the rewards redemption charges for this card? I was checking T&Cs but couldn’t find the same.
It seems to be a better card than it’s contemporary HDFC phonepe card.
Kartik Kanwar
Flipkart is covered yes. No redemption charges.