SBI PhonePe Select Black Credit Card, Phonepe SBI Card Select Black
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PhonePe SBI Select Black Credit Card

(4.2/5)
From:
SBI Cards State Bank of India
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PhonePe SBI Select Black Credit Card (also known as SBI PhonePe Select Black Credit Card) is a co-branded offering by SBI and PhonePe that stands out for its strong cashback benefits on everyday spending. It offers one of the best cashback rates on day-to-day expenses, and what truly makes it unique is that the cashback is not limited to online shopping alone. The card also provides attractive cashback on high-value and essential spends such as insurance premium payments, flights & hotels, utility bills payment via PhonePe app. At a time when most popular credit cards have excluded these categories from rewards, this card becomes especially valuable for maximising cashback on regular, unavoidable expenses.

Features and Benefits

Features and benefits available in this credit card

Cashback
Reward Points
Airmiles
Airport Lounge
Utility Bills
Insurance
NPS
Education
Government Payment
Fuel
Rent
Giftcards
Jewellery
Wallet Load
Rewards on EMI
Welcome Bonus
Travel
Dining
Shopping
Interest

Joining and Renewal Benefits

Joining Benefits

  • Rs.1,500 worth PhonePe Gift Voucher on First Credit Card Bill Payment

Renewal Benefits

  • No renewal benefits. However, renewal fee is waived-off in case of Rs.3 Lacs or more spend in the previous year.

Cashback & Rewards

  • PhonePe App Spend: 10% Cashback upto Rs.2,000 per calendar month on following spend through PhonePe App
    • Mobile Recharge
    • Utility Bill Payment: Broadband Internet, Cable TV, DTH, Electricity, FasTag, Gas, LPG, NCMC, Postpaid, Subscriptions, Tax, Water
    • Insurance premium
    • Travel Related Spend within PhonePe App: Flight tickets, Hotel booking, Bus Tickets, Train tickets, Metro
  • Online e-Commerce Spend: 5% Cashback upto Rs.2,000 per month on thousands of e-commerce brands such as Amazon, Flipkart, Zomato, Swiggy, UBER, Myntra etc.
  • Other Spend: Following other spend will get 1% Cashback upto Rs.2,000 per month
    • Online spend on utility bills payment and insurance premium outside PhonePe App,
    • UPI spend
    • All Offline Tap & Pay and card-swipe payments
  • Minimum Spend to earn cashback is Rs.100. To calculate the cashback on every transaction, the amount is rounded down, For example, to calculate cashback on a transaction of Rs.179, it will be rounded down to Rs.100 to calculate cashback.
  • Milestone Benefit
    • Get a travel voucher of Rs.5,000 on spending Rs.5 Lacs in a year

Note: Cashback on this credit card is provided in the form of Reward Points. You need to manually redeem reward points for real cashback. 1 Reward Point = Rs.1. Minimum 500 reward points are required to redeem them. Reward points can also be redeemed for brand vouchers.

Lifestyle Benefits

  • Domestic Airport Lounge Access: 4 complimentary domestic airport lounge access (1 access per quarter). No minimum spend condition to access the airport lounge.
  • International Airport Lounge Access: The card holder gets a complimentary Priority Pass for first two years of card issuance. However, the lounge access using the Priority Pass is Not complimentary. So, for all practical purposes, there is no free international airport lounge access with this credit card.

Fuel Surcharge Waiver

1% fuel surcharge waiver upto Rs.250 per monthly statement cycle on fuel spends between Rs.500 and Rs.4,000 per transaction (exclusive of GST and other charges).

Forex Mark-up on International Transactions

4.13% Mark-up (3.5% + GST) on international transactions make using this credit card

Joining and Renewal Benefits

Joining Benefits

  • Rs.1,500 worth PhonePe Gift Voucher on First Credit Card Bill Payment

Renewal Benefits

  • No renewal benefits. However, renewal fee is waived-off in case of Rs.3 Lacs or more spend in the previous year.

Cashback & Rewards

  • PhonePe App Spend: 10% Cashback upto Rs.2,000 per calendar month on following spend through PhonePe App
    • Mobile Recharge
    • Utility Bill Payment: Broadband Internet, Cable TV, DTH, Electricity, FasTag, Gas, LPG, NCMC, Postpaid, Subscriptions, Tax, Water
    • Insurance premium
    • Travel Related Spend within PhonePe App: Flight tickets, Hotel booking, Bus Tickets, Train tickets, Metro
  • Online e-Commerce Spend: 5% Cashback upto Rs.2,000 per month on thousands of e-commerce brands such as Amazon, Flipkart, Zomato, Swiggy, UBER, Myntra etc.
  • Other Spend: Following other spend will get 1% Cashback upto Rs.2,000 per month
    • Online spend on utility bills payment and insurance premium outside PhonePe App,
    • UPI spend
    • All Offline Tap & Pay and card-swipe payments
  • Minimum Spend to earn cashback is Rs.100. To calculate the cashback on every transaction, the amount is rounded down, For example, to calculate cashback on a transaction of Rs.179, it will be rounded down to Rs.100 to calculate cashback.
  • Milestone Benefit
    • Get a travel voucher of Rs.5,000 on spending Rs.5 Lacs in a year

Note: Cashback on this credit card is provided in the form of Reward Points. You need to manually redeem reward points for real cashback. 1 Reward Point = Rs.1. Minimum 500 reward points are required to redeem them. Reward points can also be redeemed for brand vouchers.

Lifestyle Benefits

  • Domestic Airport Lounge Access: 4 complimentary domestic airport lounge access (1 access per quarter). No minimum spend condition to access the airport lounge.
  • International Airport Lounge Access: The card holder gets a complimentary Priority Pass for first two years of card issuance. However, the lounge access using the Priority Pass is Not complimentary. So, for all practical purposes, there is no free international airport lounge access with this credit card.

Fuel Surcharge Waiver

1% fuel surcharge waiver upto Rs.250 per monthly statement cycle on fuel spends between Rs.500 and Rs.4,000 per transaction (exclusive of GST and other charges).

Forex Mark-up on International Transactions

4.13% Mark-up (3.5% + GST) on international transactions make using this credit card

Reward Redemption

Cashback on this credit card is provided in the form of Reward Points. You need to manually redeem reward points.

  • Redeem reward points for real cashback at the rate of 1 Reward Point = Rs.1 by calling SBI Customer Care
  • Redeem reward points for brand vouchers on SBI Cards app
  • Minimum 500 reward points are required to redeem them. Reward points can also be redeemed for brand vouchers.

Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Joining fee
(INR including GST)
₹ 1769
Renewal fee
(INR including GST)
₹ 1769
Annual Spend Target
for Renewal Fee Waiver (INR)
₹ 300000

Pros

Aspects that make this credit card amazing.

  • Real cashback at a very attractive rate
  • Cashback on categories like insurance, utility bills etc. on which most credit cards do not provide any rewards
  • Wide range of spend are covered.
  • Travel spend (via PhonePe) is also included in the accelerated cashback categories.

Cons

Aspects this credit card lacks.

  • Higher fee and higher fee waiver criteria as compared to most other cashback credit cards
  • Category-wise cashback limits make it slightly complicated to track.
  • Cashback is not credited automatically. You need to call SBI Customer Care to request for converting reward points into cashback. Reaching SBI Customer Care executive is very time consuming and cumbersome,
  • Cashback is credited only on spend in multiple of Rs.100. So, effective cashback rate of small transactions will be much lower than what is appears.

Spend Categories with No Cashback / Rewards

No cashback on following spend categories (MCC codes in bracket).

  • Fuel or Any purchases at petrol pumps/service stations (5172, 5541, 5542, 5983)
  • E wallet loading (6540, 6541)
  • Payments towards Rent/property management (6513)
  • School & Educational Services (8211, 8241, 8244, 8249, 8299)
  • Governmental Spends 9311, 9399Digital Gaming Platform / merchants (5816, 7993, 7994)
  • EMI transactions (Flexipay Transactions, Merchant EMI i.e. EMI’s availed at the time of purchase at Merchant establishment or websites)

Add-on Cards

No clarity yet if this credit card provides add-on credit cards.

Eligibility Criteria

No eligibility criteria has been disclosed by SBI for this credit card. But basis use experiences, one should fulfil following minimum criteria.

  • Indian Resident
  • Age: 21 years of more
  • Income: Rs.5 Lacs or more

Important Links

N/A

Upcoming Changes

N/A

Rating & Leave your comment here about this credit card

Rating & Leave your comment here about this credit card

(4.2/5)

SpendWisely’s Rating for this Credit Card

(4.2/5)

Ratings you can trust: honest, unbiased, and backed by SpendWisely’s expertise.

Reward Value
(5)
Lifestyle Benefits
(3)
Ease of Reward Redemption
(4)
Value for Money
(5)
Customer Service
(4)

PhonePe SBI Select Black Credit Card is one of the most rewarding cashback credit cards, covering a wide range of everyday expenses commonly incurred by most middle-class families. What truly sets this card apart is the inclusion of utility bills, travel, and insurance payments under its accelerated cashback categories—areas where most cashback credit cards no longer offer meaningful rewards. It also provides cashback on UPI spends, adding further value for daily transactions, along with complimentary domestic airport lounge access. Taken together, these benefits make it one of the most versatile cashback credit cards available today. If you’re looking for a single card to handle most of your day-to-day spending, this can be an ideal choice.

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