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PhonePe SBI Card SELECT Black
Visa, RuPay 📡 Contactless NFC

PhonePe SBI Card SELECT Black

Joining Fee₹1,499
Annual Fee₹1,499
Forex Markup 3.5%

⚖️ Card Verdict & Target Persona

Who Should Apply

Active PhonePe ecosystem users wanting 2.5% to 5% rewards on PhonePe app transactions, 8 domestic + 2 international lounge visits, RuPay UPI support, and ₹5k Yatra milestone vouchers.

Who Should Avoid

Users who do not use PhonePe or those unable to meet the ₹50k quarterly lounge spend criteria.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

Complimentary 3-month EazyDiner Prime membership + welcome bonus Reward Points upon joining fee payment

2.5% to 5% Valueback on PhonePe

Earn 10 Reward Points per ₹100 (2.5% return) on PhonePe app spends and 20 Reward Points per ₹100 on partner merchants.

Domestic & International Airport Lounge Access

8 complimentary domestic (max 2/qtr) + 2 international airport lounge visits per year via Priority Pass.

₹5,000 Yatra Voucher Milestone

Yatra e-Voucher worth ₹5,000 upon achieving annual spends of ₹5 Lakhs.

💰 Reward Structure & Point Valuation

1 Reward Points = ₹0.25
Standard Base Earning
2 Reward Points per ₹100 spent on all other retail purchases (0.50% return; 1 RP = ₹0.25)
Accelerated / Partner Rate
10 Reward Points per ₹100 (2.50% return; 1 RP = ₹0.25) on PhonePe app spends; 20 Reward Points per ₹100 (5.0% return) on partner merchants via PhonePe; Yatra e-Voucher worth ₹5,000 on ₹5L annual spend
Points Validity:24 Months
Redemption Fee: ₹99 + GST / cycle
Redemption Modes: Direct Statement Credit (1 RP = ₹0.25), SBI Rewards Catalog Vouchers & Flight Bookings
🚫 No Reward Points / Cashback on:
Fuel Wallet Loads Government Transactions Rent Payments Jewellery Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✓ Lounge Access Active
🛫
Domestic Lounge Visits8 complimentary domestic airport lounge visits per calendar year (max 2 per quarter)
🌐
International Lounge Visits2 complimentary international airport lounge visits per calendar year via Priority Pass
⚠️

Spend Criteria: Requires minimum retail spend of ₹50,000 in the previous calendar quarter

⚡ Spend Milestones & Special Perks

Annual Fee Waiver ₹200,000/yr
Annual renewal fee of ₹1,499 is waived off on spending ₹2,00,000 or more in the previous anniversary year
UPI Payments Support✓ Supported (RuPay)
2 Reward Points per ₹100 on eligible merchant RuPay UPI QR transactions
Fuel Surcharge Waiver1% Surcharge Waived
1% fuel surcharge waiver for transactions between ₹500 and ₹4,000 (Capped at ₹250/mo)

📋 Eligibility Criteria

✓ Official Criteria
Age Limit21 - 70 Years
Min. Monthly Income₹35,000
Min. Credit Score720 CRIF
Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):3.50% per month (42.0% per annum)
Late Payment Penalties:Late payment charges slab-based up to ₹1,300
Official Bank Portal Application

Get the PhonePe SBI Card SELECT Black

Annual Fee: ₹1,499/yr (Waivable)

Apply Online Now →
Personalized Card Matcher

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🔍 Related Credit Card Collections

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Frequently Asked Questions

No, PhonePe SBI Card SELECT Black has a joining fee of ₹1499 and an annual renewal fee of ₹1499 (plus applicable taxes).
PhonePe SBI Card SELECT Black ₹1,499/yr
Apply Now →