The premium rewards card for digital payments enthusiasts
10X rewards on PhonePe & Pincode spends
4 domestic lounge visits annually
₹1,500 PhonePe gift card on joining
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| Benefit | Details |
|---|---|
| Welcome Gift | Receive a ₹1,500 PhonePe gift card upon realisation of the joining fee, effectively offsetting the joining cost. |
| Premium Rewards | Earn 10 Reward Points per ₹100 on PhonePe and Pincode spends; 5 Reward Points per ₹100 on online spends; 1 Reward Point per ₹100 on other spends. |
| Annual Fee Reversal | Annual fee of ₹1,499 + GST reversed automatically on achieving spends of ₹3 lakh or more in the previous membership year. |
| Milestone Benefits | Get Yatra voucher worth ₹5,000 on achieving annual spends of ₹5 lakh or more. |
| Domestic Lounge Access | Enjoy 4 complimentary domestic airport lounge visits per year, limited to 1 visit per quarter. |
| Priority Pass Membership | Complimentary Priority Pass membership worth $99 for the first 2 years of card membership for international lounge access. |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000, with maximum benefit of ₹250 per statement cycle. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | SBI Card & Payment Services Ltd. |
| Bank / Non-bank | Bank-affiliated |
| Category | Rewards / Premium Digital Payments |
| Type of Card | Visa |
| Free or Paid | ₹1,499 Annually (reversed on spends of ₹3 lakh) |
The PhonePe SBI SELECT BLACK Credit Card represents the premium tier in the PhonePe-SBI co-branded credit card partnership, designed for discerning consumers who extensively use PhonePe for their daily financial transactions. This premium offering card delivers exceptional value through accelerated rewards on digital payments. With up to 10% value-back on PhonePe transactions including recharges, utility bill payments, insurance premiums, and travel bookings, the card transforms everyday expenses into meaningful rewards. The annual fee of ₹1,499 is not only offset by the welcome gift but also waived upon reaching reasonable spending thresholds.
Add-on Cards: Cardholders can empower up to 3 family members (parents, spouse, children, or siblings above 18 years of age) with complimentary add-on cards, sharing credit limits and benefits.
Cash Withdrawals: Access cash from over 1 million Visa or Mastercard ATMs globally.
Utility Bill Payments: Settle electricity, telephone, mobile, water, and other utility bills conveniently using the Easy Bill Pay facility, earning rewards on eligible transactions.
Flexipay: Convert transactions of ₹2,500 or more into easy monthly instalments within 30 days of purchase, providing flexibility in managing larger expenses.
Balance Transfer on EMI: Transfer outstanding balances from other banks' credit cards to the PhonePe SBI SELECT BLACK Credit Card at lower interest rates and repay in convenient EMIs.
Contactless Technology: The card features chip and PIN-enabled contactless technology for secure, fast, and convenient transactions at merchant locations supporting contactless payments.
10 Reward Points per ₹100: Earn 10 Reward Points for every ₹100 spent on eligible PhonePe and Pincode spends.
5 Reward Points per ₹100: Accumulate 5 Reward Points for every ₹100 spent on eligible online purchases across platforms.
1 Reward Point per ₹100: Earn 1 Reward Point for every ₹100 spent on other eligible spend.
PhonePe Gift Card: Receive a ₹1,500 PhonePe gift card upon realisation of the joining fee.
This welcome benefit effectively offsets the joining fee of ₹1,499, making the card virtually free in the first year.
Annual Spend Milestone: Achieve annual spends of ₹5 lakh or more to receive a Yatra voucher worth ₹5,000.
Spending Threshold: Achieve spends of ₹3 lakh or more in the previous membership year to get the annual fee of ₹1,499 + GST reversed.
Domestic Lounges: Enjoy 4 complimentary domestic airport lounge visits per year, capped at 1 visit per quarter.
International Lounges: Complimentary Priority Pass membership worth $99 (approximately ₹8,000) is provided for the first 2 years of card membership, enabling access to international airport lounges worldwide.
1% Waiver: Get 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000 at all petrol pumps across India.
Maximum Benefit: The maximum waiver is ₹250 per statement cycle, per credit card account.
Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹1,499 + GST | One-time charge when the card is issued. Offset by ₹1,500 PhonePe gift card. |
| Annual Fee | ₹1,499 + GST | Charged every year. Reversed on annual spends of ₹3,00,000 or more in the previous membership year. |
| Add-on Card Fee | ₹0 | No charge for up to 3 supplementary cards for family members. |
| Criteria | Details |
|---|---|
Minimum Age | 21 years (must be legally competent to apply) |
Residency | Must be a resident of India |
Occupation | Salaried / Self-Employed |
Credit Score | A credit score of 750 or above is recommended for better approval chances. |
| Document Type | Details |
|---|---|
| Identity Proof | PAN Card (mandatory), Passport, Aadhaar Card, Voter ID, or Driving Licence |
| Address Proof | Aadhaar Card (with first 8 digits masked), Passport, Voter ID, Driving Licence, or recent utility bills (not more than 3 months old) |
| Income Proof | Latest salary slips for salaried individuals, Income Tax Return (ITR) acknowledgement, or bank statements for self-employed individuals |
| Photographs | Recent passport-sized colour photographs |
Click on Apply Now: Hit the 'Apply Now' button to start your application.
Fill in Your Detail: Enter your personal, contact, and financial details in the application form.
Upload Required Documents: Upload your PAN Card, Aadhaar/Address Proof, and Income Proof.
Submit Your Application: Review all the details and click Submit.
Approval & Card Delivery: Once approved, your PhonePe SBI SELECT BLACK Credit Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Maximise Rewards on PhonePe | Use the card for recharges, utility bills, insurance premiums, and travel bookings via PhonePe to earn 10 Reward Points per ₹100. |
Redeem Reward Points | Redeem accumulated points as statement credit at 1:1 ratio for maximum value or exchange for gift vouchers on the SBI Card Rewards portal. |
Track Spending and Points | Monitor spending and reward points accumulation through the SBI Card mobile app, PhonePe app, or online portal at sbicard.com. |
Utilise Lounge Access | Present the card at domestic lounges for complimentary access (1 visit per quarter) or use Priority Pass at international lounges. |
Set Up Alerts | Enable transaction alerts via SMS or email to stay informed about spending, reward accumulation, and detect unauthorised transactions. |
Plan for Milestones | Track annual spending to reach ₹3 lakh for fee waiver and ₹5 lakh for Yatra voucher worth ₹5,000. |
The PhonePe SBI SELECT BLACK Credit Card is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.