SBI Card
PhonePe SBI Card SELECT BLACK
Reward points worth ₹1 each: 10% back on recharges, bill payments, insurance and travel paid in the PhonePe app, 5% on other online spends and 1% on everything else, each with a monthly cap. UPI payments earn 1% only when made in the PhonePe app (other UPI apps earn nothing since July 2026). SBI Card's card terms say redemption is free, but its general fee schedule lists ₹99 for statement-credit redemptions.
- ₹1,499 joining, ₹1,499 a year
- Works on UPI (RuPay)
- Visa / RuPay
Pros and cons
Good
- 10% on bills and utilities: 2nd of 16 bills and utilities cards we compare
- Fee pays for itself from about ₹3,100 a month of bills and utilities
- Works on UPI and earns 1% there
- Airport lounge visits with no published spend condition
Watch out for
- Earns nothing on fuel, wallet loads, rent and government payments
- High forex markup (3.5%)
- Who it's for
- People who spend about ₹3,100 or more a month on bills and utilities and use airport lounges.
- Skip it if
- You spend under ₹3,100 a month on bills and utilities.
Worked out from the bank's published terms with the same rules for every card, never from what we earn. How we judge cards.
Rewards (value back as % of spend)
- Everyday spends
- 1% (base rate)
- Online shopping
- 5%
- Fuel
- 0%
- Groceries
- 1%
- UPI
- 1%
- Travel
- 5%
- Bills and utilities
- 10%
- Dining and food delivery
- 5%
Fees and charges
- Joining fee
- ₹1,499
- Annual fee
- ₹1,499
- Fee waiver
- Renewal fee reversed if you spend ₹3 lakh or more in the previous membership year. After paying the first-year fee of ₹1,499 you get a ₹1,500 PhonePe e-gift voucher (valid 12 months). PhonePe's own page advertised a limited-time zero joining fee in September 2026; SBI Card's fee schedule still lists ₹1,499, so check the fee shown when you apply.
- Forex markup
- 3.5%
- Fuel surcharge waiver
- 1% waiver on fuel transactions of ₹500 to ₹4,000, up to ₹250 per statement cycle.
Benefits and eligibility
- Airport lounge
- 4 domestic visits a year (1 a quarter); since 10 Jan 2026 only at 16 listed lounges in 8 cities; no spend condition is published. Priority Pass membership is free for two years, but each visit with it costs US$27 plus taxes.
- Card network
- Visa, RuPay
- UPI payments
- Yes, as a RuPay credit card
- Minimum income (salaried)
- Not published by the bank
- Eligibility
- SBI Card doesn't publish an income requirement for this card. Its card issuance policy sets an age range of 21-65 for salaried and 25-70 for self-employed applicants. You apply in the PhonePe app and complete KYC with SBI Card; approval is at SBI Card's discretion.
Fees exclude GST. Reward rates are the value back you get at the bank's published redemption value; where a bank doesn't publish what a point is worth, we leave the rate blank rather than guess. See how we compare cards.
Compare it with other cards
Ready to apply for the PhonePe SBI Card SELECT BLACK?
View on PhonePe siteIssuer's site. We don't earn from this card.CreditParakh is not a bank or lender. Approval, limits and final terms are decided by SBI Card.
Related guides
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- CIBIL Score: Check Free, Improve in 90 DaysCheck your CIBIL score free with one full report a year from each bureau, dispute errors yourself, and build a better score with a 90-day checklist.
What changed recently
- RewardsWorse for you
UPI payments made outside the PhonePe app (scan-and-pay or online UPI) no longer earn reward points; scan-and-pay in the PhonePe app still earns 1%.
After: No points on UPI outside the PhonePe app
SBI Card's notice doesn't state the earlier UPI earn rate.
Bank's notice or terms - Reward capsWorse for you
Monthly cap on 10% PhonePe-app spends split into 1,500 points (non-insurance) and 500 points (insurance), and the cap on 5% online spends halved to 1,000 points.
Before: PhonePe spends 2,000 points; online 2,000 points a month · After: PhonePe spends 1,500 + 500 (insurance) points; online 1,000 points a month
Bank's notice or terms - Excluded spendsWorse for you
No points on tolls, gift shops, jewellery and college fees, or on utilities and insurance paid outside the PhonePe app.
After: Excluded: MCC 4784, 5947, 5094, 5944, 8220, and 4900, 4814, 4899, 5960, 6300, 6380 outside PhonePe
Bank's notice or terms - FeesWorse for you
Late payment fee now starts at ₹100 on dues above ₹100 (was nil up to ₹500) and rose from ₹400 to ₹500 on dues of ₹500–1,000.
Before: Nil up to ₹500; ₹400 for ₹500–1,000 · After: Nil up to ₹100; ₹100 for ₹100–500; ₹500 for ₹500–1,000
Bank's notice or terms - Lounge accessWorse for you
Domestic lounge visits now work only at 16 listed lounges in 8 cities; the number of visits (4 a year) is unchanged.
After: 16 participating lounges in 8 cities
SBI Card's notice names 'PhonePe SBI Card SELECT' and doesn't publish the earlier list of lounges.
Bank's notice or terms
Questions people ask
Is the PhonePe SBI Card SELECT BLACK worth it in 2026?
Yes, if you spend about ₹3,100 or more a month on bills and utilities and use airport lounges. Below that, the CheQ AU Credit Card (AU Small Finance Bank) pays 6% for free. The catch: earns nothing on fuel, wallet loads, rent and government payments.
Is the PhonePe SBI Card SELECT BLACK lifetime free?
No. It costs ₹1,499 to join and ₹1,499 a year, plus GST. Renewal fee reversed if you spend ₹3 lakh or more in the previous membership year. After paying the first-year fee of ₹1,499 you get a ₹1,500 PhonePe e-gift voucher (valid 12 months). PhonePe's own page advertised a limited-time zero joining fee in September 2026; SBI Card's fee schedule still lists ₹1,499, so check the fee shown when you apply.
Does the PhonePe SBI Card SELECT BLACK work on UPI?
Yes, it's a RuPay card, so you can link it to UPI apps for merchant payments; it earns 1% on UPI spends.
Does the PhonePe SBI Card SELECT BLACK give airport lounge access?
4 domestic visits a year (1 a quarter); since 10 Jan 2026 only at 16 listed lounges in 8 cities; no spend condition is published. Priority Pass membership is free for two years, but each visit with it costs US$27 plus taxes.
What earns no rewards on the PhonePe SBI Card SELECT BLACK?
No points on fuel, wallet loads, rent, school and college fees, government payments, online gaming, tolls, jewellery, gift shops, Flexipay and in-store or online EMI purchases, cash withdrawals and card fees. Utility bills and insurance earn nothing unless you pay them in the PhonePe app, and since 1 July 2026 UPI payments made from any app other than PhonePe earn nothing. Transactions under ₹100 earn no points.
Is there a limit on rewards with the PhonePe SBI Card SELECT BLACK?
10% on recharges, bills and travel in the PhonePe app is capped at 1,500 points (₹1,500) a calendar month, reached at ₹15,000 of spend; insurance in the app has its own cap of 500 points (₹5,000 of spend). 5% on online spends is capped at 1,000 points (₹1,000) a calendar month, reached at ₹20,000 of spend. 1% on other spends is capped at 2,000 points (₹2,000) a calendar month, reached at ₹2 lakh of spend.
Who can get the PhonePe SBI Card SELECT BLACK?
SBI Card doesn't publish an income requirement for this card. Its card issuance policy sets an age range of 21-65 for salaried and 25-70 for self-employed applicants. You apply in the PhonePe app and complete KYC with SBI Card; approval is at SBI Card's discretion. Approval is at the bank's discretion.
How we checked this card: the CreditParakh team read SBI Card's own terms and product page on 19 Oct 2026. Every fee, rate and rule above comes from those pages; where they disagree, we say so. We re-check every card monthly and log changes on card changes. See our editorial standards.
Last verified 19 Oct 2026 on SBI Card's official page. Fees and rewards change; check the issuer's terms before you apply.