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PhonePe SBI Card SELECT BLACK
PhonePe SBI Card SELECT BLACK is the higher tier of SBI's PhonePe co-brand line, pairing up to 10% effective value back on essential PhonePe transactions with domestic lounge access and a bundled Priority Pass membership. It's a strong pick for frequent PhonePe and UPI spenders willing to pay a moderate fee in exchange for meaningfully higher reward rates and travel-adjacent perks than the entry-level PURPLE variant offers.
Annual fee
₹1,499
Joining fee
₹1,499
Reward type
points
Base reward rate
1%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to applicants with a credit score of roughly 750+ whose spend is concentrated in online shopping, travel. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
- Domestic lounge access: 4 complimentary domestic lounge visits per year (1 per quarter), plus a complimentary Priority Pass membership for international lounge access
- International lounge access: 4 complimentary domestic lounge visits per year (1 per quarter), plus a complimentary Priority Pass membership for international lounge access
Benefits by category
- ✈️ Travel
4 complimentary domestic lounge visits per year (1 per quarter), plus a complimentary Priority Pass membership for international lounge access
- 🛍️ Shopping
10% reward rate
- ⛽ Fuel
1% fuel surcharge waived on transactions between ₹500 and ₹4,000 at the pump
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 750
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
- Age: 21–70
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹3,00,000
- Rewards redemption fee: ₹99 + applicable taxes per redemption request when reward points are redeemed for statement credit, gift vouchers or physical products, charged once per batch regardless of how many items are redeemed in it.
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waived on transactions between ₹500 and ₹4,000 at the pump
- Cash advance charges: 2.5% of the withdrawn amount or ₹300 (whichever is higher) at domestic ATMs, and 3% or ₹300 (whichever is higher) internationally; cash advances earn no reward points and carry no interest-free grace period.
Benefits
- Joining fee fully refunded as a PhonePe e-gift voucher once the first transaction is made on the card
- ₹5,000 travel voucher awarded on crossing ₹5,00,000 in annual spend
- 4 complimentary domestic lounge visits per year (1 per quarter), plus a complimentary Priority Pass membership for international lounge access
- 1% fuel surcharge waived on transactions between ₹500 and ₹4,000 at the pump
Pros
- + Up to 10% effective value back on PhonePe essentials
- + 4 domestic lounge visits a year plus a complimentary Priority Pass
- + Meaningful ₹5,000 milestone travel voucher on higher spend
- + Higher 5% base rate on general spend than the entry-level PURPLE card
Cons
- − High reward rates are concentrated in the PhonePe app
- − ₹3 lakh annual spend needed to waive the fee
- − Standard 3.5% forex markup makes it weak for international spends
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