PhonePe SBI Card SELECT BLACK
Fees
₹1,499 + Taxes
Joining & AnnualReward Rate
10% on select PhonePe spends (recharges, bills, insurance, travel); 5% on other online spends; 1% base rate
Welcome Bonus
₹1,500 PhonePe gift voucher on joining fee payment
Lounge Access
4 Domestic/yr (1/Qtr, No Spend Condition)
FindMyCard Expert Take
The PhonePe SBI Card SELECT BLACK from SBI Card offers Premium Digital & Lounge Access Spenders with an annual fee of ₹2,999 + Taxes.
Pros & Cons
Key Advantages
- ₹1,500 PhonePe gift voucher on joining fee payment, more than offsetting the fee
- 4 domestic lounge visits/year with no minimum spend condition
- Complimentary Priority Pass membership for the first 2 years
- Fee waiver threshold (Annual fee waived on ₹3 Lakh annual retail spends)
Limitations
- No complimentary international lounge visits despite the Priority Pass membership
- 5% online rate is well below the 10% PhonePe-specific rate
- Renewal fee waiver needs ₹3 Lakh in annual spends
Editorial Verdict
The PhonePe SBI Card SELECT BLACK is ideally suited for premium digital & lounge access spenders. If you want 10% on select phonepe spends (recharges, bills, insurance, travel); 5% on other online spends; 1% base rate, this card delivers real value. The ₹1,499 + taxes is easily offset by the card's perks if you use it regularly. You'll generally need Good (730+) credit to be approved.
Key Perks & Spending Milestones
Accelerated earn rate on cashback purchases
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000
Up to 50 days of interest-free credit period
Zero lost card liability protection
🚀 Milestone Spends Timeline
Annual fee waived on ₹3 Lakh annual retail spends
Fees & Charging Rates
Annual Fee Waivers
₹1,499 + Taxes
💡 Annual fee waived on ₹3 Lakh annual retail spends
Regular Interest Charges
3.6% per month (43.2% per annum)
📅 Late Payment Fee Penalty Tiers
| Outstanding Balance Amount | Late Payment Fee Penalty |
|---|---|
| up to 500 | Nil |
| 501 to 1000 | ₹500 |
| 1001 to 5000 | ₹600 |
| 5001 to 10000 | ₹750 |
| 10001 to 25000 | ₹900 |
| 25001 to 50000 | ₹1,100 |
| above 50000 | ₹1,300 |
Insurance & Protection Benefits
air accident cover
Up to ₹50 Lakh
lost card liability
Up to ₹1 Lakh
purchase protection
Nil
emergency medical cover
Nil
Eligibility Criteria
salaried minimum income
₹25,000 per month
self employed ITR
₹6 Lakh per annum
age
21 to 65 years
Compare PhonePe SBI Card SELECT BLACK With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| PhonePe SBI Card SELECT BLACK This Card | ₹1,499 + Taxes | 10% on select PhonePe spends (recharges, bills, insurance,... | 4 Domestic/yr (1/Qtr, No Spend Condition) | 4.5/5 |
| Cashback SBI Credit Card | ₹999 + Taxes | 5% cashback on online spends; 1% cashback on offline spends | No Lounge Access | 4.7/5 |
| KIWI UPI RuPay Credit Card | Free | Up to 5% cashback on UPI spends via Kiwi Neon program (1.5% base... | Domestic (Neon Spend Milestones) | 4.7/5 |
| Axis Bank ACE Credit Card | ₹499 + Taxes | 5% cashback on Google Pay utilities; 4% on Swiggy, Zomato & Ola;... | 4 Domestic/yr | 4.6/5 |