PhonePe SBI Card SELECT BLACK Review: 10% on PhonePe Bills, With Caps

PhonePe SBI Card SELECT BLACK pays 10 Reward Points per ₹100 on recharges, bills, travel and insurance bought in the PhonePe app, 5 per ₹100 on other online spends and 1 per ₹100 elsewhere, with 1 point worth ₹1. Since 1 July 2026 monthly caps hold PhonePe earnings to 2,000 points and online to 1,000. It costs ₹1,499 plus GST, reversed on ₹3 lakh of spends, and SBI Card's website offers no way to apply.

By Rashmi Mandana · Content Writer Updated 5 November 2026 Reviewed by BankCreds Financial Experts

Key facts

Joining fee: ₹1,499 + GST
Annual fee: ₹1,499 + GST. Annual Fee reversal on spends of Rs. 3 lakh or more in previous membership year
Base reward: 1 RP per Rs. 100 on other spends (max 2,000 RP per calendar month) (about 1% value)
Best category: PhonePe app spends on recharges, utilities, bill payments, travel: about 10% value
Lounge: Domestic: 4 complimentary domestic lounge visits a year (max 1 per quarter); from 10 Jan 2026 only at lounges in SBI Card's 'Set A' list International: Complimentary Priority Pass membership (worth $99) for first two years; no complimentary international visits stated
Forex markup: 3.5% of the amount
Network: Visa, RuPay

Apply on SBI Card's site

Opens the bank's own page for this card. Approval and the credit limit are the bank's decision.

In short

A rich return for households that pay their bills through PhonePe, as long as they stay inside the monthly caps and can find a way to apply.

Best for

Families who pay recharges, utility bills and insurance in the PhonePe app
Online shoppers who keep other online spends near ₹20,000 a month
People who scan and pay with UPI inside the PhonePe app

Skip it if

You pay by UPI through other apps, which earns nothing since 1 July 2026
You travel abroad often and want a low forex markup
You want free international lounge visits

Highlights

₹1,499 plus GST a year, reversed on ₹3 lakh of spends
10 points per ₹100 on PhonePe bills, capped at 1,500 a month plus 500 for insurance
5 points per ₹100 online, capped at 1,000 a month
1 point = ₹1, with statement credit in multiples of 500 points
₹1,500 PhonePe e-gift card on joining

PhonePe SBI Card SELECT BLACK: what it is

PhonePe SBI Card SELECT BLACK is the premium one of SBI Card's two PhonePe cards, built for people who run their monthly bills through the PhonePe app; the PhonePe SBI Card PURPLE at ₹499 is not covered here. It's active and comes on Visa or RuPay, the RuPay one linking to UPI. One catch first: SBI Card's website have no Apply button for it and does not say where to apply.

The point maths is simple because 1 point is worth ₹1. Recharges, utility bills, insurance and travel paid in the PhonePe app earn 10 points per ₹100, a 10% return; online spends elsewhere earn 5%; scan and pay inside PhonePe earns 1% value back; other card spends gets 1%. The monthly caps are what limit it, and they bite sooner than most people expect.

What changed in 2026

10 January 2026: the 4 yearly domestic lounge visits work only at lounges on SBI Card's Set A list, 16 in all.
1 July 2026: the PhonePe cap was split into 1,500 points a month for non-insurance spends and 500 for insurance, against 2,000 for all PhonePe spends before; the online cap fell from 2,000 to 1,000; and UPI scan and pay or online UPI outside PhonePe stopped earning. Tolls, gifts, jewellery, education, and utilities or insurance paid outside PhonePe was also excluded.

SBI Card's common fees moved as well: 1% on wallet loads above ₹1,000 and on app-paid education from 1 November 2025, new late fee slabs from 1 May 2026, and 1% on big transport and fuel spends from 1 December 2026.

PhonePe SELECT BLACK fees and charges

The joining fee is ₹1,499 and the renewal fee from year two is ₹1,499. The card page shows the joining fee without "+ taxes", but SBI Card's MITC says all fees attract taxes, so plan for GST of ₹269.82 (₹1,499 times 18%) and ₹1,768.82 in total. On joining you get a PhonePe e-gift card worth ₹1,500, which almost cover the fee itself. Add-on cards are free.

The ₹3 lakh reversal

Renewal fee is reversed if you spent ₹3 lakh or more in the previous membership year, ₹25,000 a month (₹3,00,000 divided by 12). A family putting its PhonePe bills, online shopping and weekly groceries on this card can get there, a single person paying only a phone bill will not.

Interest, late fees and cash

Revolving costs 3.75% a month, 45% a year, and the 20 to 50 day interest-free window only work when the last bill was paid in full. Late fees climb from nil (up to ₹100 due) through ₹100, ₹500, ₹750, ₹950 and ₹1,100 to ₹1,300 when more than ₹50,000 is due, and missing the minimum two cycles in a row adds ₹100 a cycle. Cash withdrawals: 2.5%, minimum ₹500, interest from that day.

Charges that matter for bill payers

Utilities: 1% on the whole amount once a billing cycle's utility payments exceeds ₹50,000, since 1 December 2024. A household paying large electricity bills by PhonePe should watch it.
Rent: ₹199 plus taxes per payment, and no points.
Wallet loads above ₹1,000 and education via third-party apps: 1% each.
From 1 December 2026: 1% on transport transactions above ₹30,000 and on fuel above ₹50,000 a cycle.
Forex: 3.5%, also on rupee payments of ₹1,000 or more to merchants based overseas.
Fuel surcharge: 1% waived on ₹500 to ₹4,000 fills, up to ₹250 a statement cycle.

PhonePe SELECT BLACK: fees and charges

Joining fee	₹1,499 + GST
Annual or renewal fee	₹1,499 + GST
Annual fee waiver	Annual Fee reversal on spends of Rs. 3 lakh or more in previous membership year
Add-on card fee	Nil
GST	Charged on top of the fees and charges listed
In the bank’s words	Annual Fee: Rs. 1499; Renewal Fee (per annum): Rs. 1499 + taxes from second year onwards; Add-on Card Fee (per annum): Nil
Interest on unpaid balances	Up to 3.75% a month (45% a year)
Late payment fee	Nil up to Rs.100; Rs.100 (Rs.100-500); Rs.500 (Rs.500-1,000); Rs.750 (Rs.1,000-10,000); Rs.950 (Rs.10,000-25,000); Rs.1,100 (Rs.25,000-50,000); Rs.1,300 (above Rs.50,000) of outstanding amount due; plus Rs.100 additional if MAD is missed two consecutive cycles (continues each cycle until MAD is cleared). Taxes extra.
Cash withdrawal	2.5% of transaction amount, minimum Rs.500, at domestic and international ATMs; finance charges from the date of withdrawal (no free credit period); max Rs.15,000 cash per day at ATMs (MCC 6011), within cash limit.
Over-limit fee	2.5% of overlimit amount, minimum Rs.600, once per billing cycle; only if the cardholder has consented to over-limit use
Forex markup	3.5% of the amount
Other fees	Rent payments (MCC 6513): Rs.199 + taxes processing fee per transaction Utility payments (MCC 4900): 1% of total utility payments if they exceed Rs.50,000 in a billing cycle (since 1 Dec 2024) Education payments via third-party apps (CRED, Cheq, MobiKwik etc.): 1% of amount (since 1 Nov 2025); paying the school or college directly is free Wallet loads (MCC 6540, 6541): 1% of every load above Rs.1,000 (since 1 Nov 2025) Transportation (MCC 4111, 4784, 4131): 1% of every transaction above Rs.30,000 (from 1 Dec 2026) Fuel (MCC 5172, 5541, 5542, 5983): 1% of total fuel spends if they exceed Rs.50,000 in a billing cycle (from 1 Dec 2026) Dynamic currency conversion fee on INR transactions of Rs.1,000 or more at international locations or overseas-registered merchants: same rate as the card's forex markup Cash payment at SBI branch: Rs.250; cheque payment: Rs.200; payment dishonour: 2% of amount, minimum Rs.500 Card replacement: Rs.100 to Rs.250 (Rs.1,500 for AURUM) Reward redemption fee: Rs.99 on physical products, statement credit and physically sent vouchers (not on AURUM) Priority Pass lounge use beyond complimentary visits: up to USD 27 per visit + taxes Minimum finance charge Rs.25; interest-free period 20 to 50 days on retail purchases only if previous balance paid in full; 3-day grace period after due date

Points, monthly caps and three bill-paying households

The 10-point PhonePe rate covers only recharges, utilities, bill payments, insurance and travel, identified through PhonePe's own merchant lists, so other PhonePe spends do not get it. Each cap fill at a set spend: ₹15,000 for PhonePe bills and travel (1,500 divided by 10%), ₹5,000 for PhonePe insurance (500 divided by 10%), ₹20,000 for other online spends (1,000 divided by 5%) and ₹2,00,000 for the rest (2,000 divided by 1%). Scan and pay inside PhonePe has no separate cap stated. Points come only on transactions of ₹100 or more, which knocks out many small scan-and-pay payments.

Nothing is earned on fuel, wallet loads, rent, school and education fees, government, gaming, tolls, jewellery, gifts and souvenirs, utilities and insurance paid outside PhonePe, UPI outside PhonePe, EMI, Flexipay or cash.

Redeem as statement credit in multiples of 500 points, or for catalogue vouchers. The card's terms say no redemption fee is charged, and PhonePe cards is exempt from SBI Card's April 2026 rule limiting statement credit to multiples of 4,000 points. The product terms don't state an expiry; SBI Card's general MITC rule is 24 months. Moving to this card from another SBI card forfeit the old card's unredeemed points, so redeem those first. Apart from the fee reversal, the only milestone is a ₹5,000 Yatra e-voucher at ₹5 lakh a year.

Light: ₹15,000 a month

₹4,000 of recharges and bills in PhonePe earn 400 points, ₹4,000 of scan and pay in PhonePe ₹40, ₹3,000 online 150, ₹3,000 of other card spends 30, and ₹1,000 of fuel nothing. That's ₹620 a month and ₹7,440 a year. ₹1,80,000 a year (₹15,000 times 12) is short of ₹3 lakh, so after the ₹1,768.82 fee ₹5,671.18 is left (₹7,440 minus ₹1,768.82).

Typical: ₹35,000 a month

₹10,000 of PhonePe bills, recharges and travel (1,000 points), ₹2,000 of insurance in PhonePe (200), ₹8,000 of scan and pay in PhonePe (₹80), ₹8,000 online (400), ₹5,000 elsewhere (50) and ₹2,000 of fuel (nil). Every category stays under its cap, so the month gives ₹1,730 and the year ₹20,760, and ₹4,20,000 of yearly spends (₹35,000 times 12) gets the fee reversed.

Heavy: ₹80,000 a month

₹25,000 of PhonePe bills and travel would earn 2,500 but stops at 1,500, ₹8,000 of PhonePe insurance would earn 800 but stops at 500, and ₹25,000 online would earn 1,250 but stops at 1,000. Add ₹100 from ₹10,000 of scan and pay, 100 points from ₹10,000 of other spends, and nothing on ₹2,000 of fuel. That is 3,200 a month and 38,400 a year, plus the ₹5,000 Yatra voucher because ₹9,60,000 a year (₹80,000 times 12) clears ₹5 lakh: ₹43,400 in all. The caps cost this household 1,550 points a month (1,000 plus 300 plus 250), or ₹18,600 a year, so it should moves spends above the caps to another card.

Household	Monthly spend	Value a year	Fee from year two
Light	₹15,000	₹7,440	₹1,768.82
Typical	₹35,000	₹20,760	Reversed
Heavy	₹80,000	₹43,400 with the Yatra voucher	Reversed

PhonePe SELECT BLACK: higher-reward categories

Category	Rate	Cap
PhonePe app spends on recharges, utilities, bill payments, travel (non-insurance)	10 RP per Rs. 100, about 10% value	Max 1500 / Calendar Month - Non Insurance (from 1 Jul 2026; earlier 2,000 for all PhonePe spends), calendar month
Insurance bought on the PhonePe app	10 RP per Rs. 100, about 10% value	Max 500 / Calendar month - Insurance spends (from 1 Jul 2026), calendar month
Online spends (outside PhonePe)	5 RP per Rs. 100, about 5% value	Max 1000 / calendar month (from 1 Jul 2026; earlier 2,000), calendar month
Scan & Pay via the PhonePe app (UPI)	1% Value Back, about 1% value	No separate cap stated

PhonePe SELECT BLACK: how rewards work

Earned as	Reward Points (1 RP = Re 1)
Base rate	1 RP per Rs. 100 on other spends (max 2,000 RP per calendar month). About 1% value back
Minimum spend rules	Reward Points only on transactions of Rs. 100 or more
No rewards on	Fuel (MCC 5172, 5541, 5542, 5983) e-Wallet loads (MCC 6540, 6541) Rent (MCC 6513) School and educational services (MCC 8211, 8241, 8244, 8249, 8299, 8220) Government (MCC 9311, 9399) Digital gaming (MCC 5816, 7993, 7994) Tolls and bridges (MCC 4784) Jewellery (MCC 5094, 5944) Gifts and souvenirs (MCC 5947) Utilities outside the PhonePe app (MCC 4900, 4814, 4899) Insurance outside the PhonePe app (MCC 5960, 6300, 6380) UPI Scan and Pay / online UPI outside PhonePe (from 1 Jul 2026) Encash, ATM withdrawals, Flexipay, merchant EMI Financial charges, disputed transactions
Lower rewards on	None published
Value of a point	Statement credit or vouchers from the rewards catalogue: 1 Reward Points = Re. 1; statement credit in multiples of 500 points
Redemption fee	No fee is charged on redemption of Reward Points (product T&C)
Expiry	Not stated in the product T&C read; MITC general rule is 24 months
Welcome benefits	PhonePe e-Gift Card worth Rs. 1,500
Milestone benefits	Yatra e-voucher worth Rs. 5,000 on annual spends of Rs. 5 lakh Annual fee reversal on spends of Rs. 3 lakh
Lounge access	Domestic: 4 complimentary domestic lounge visits a year (max 1 per quarter); from 10 Jan 2026 only at lounges in SBI Card's 'Set A' list International: Complimentary Priority Pass membership (worth $99) for first two years; no complimentary international visits stated Condition: No spend condition stated
Fuel surcharge waiver	1% waiver on every transaction between Rs. 500 and Rs. 4,000 at all petrol pumps in India; max Rs. 250 per statement cycle
Insurance cover	None listed on card page

Eligibility, and the missing apply button

With this card, applying is the hard part. SBI Card's card page has no Apply button, its card finder mark the card as not available online, and SBI Card does not state where to apply for it. We can't point you to an application page; asking SBI Card's helpline on 39 02 02 02 (with your STD code) or an SBI branch is the way to find out.

The usual SBI Card criteria applies. Salaried applicants must be 21 or over, while online applications need the self-employed to be above 25 and retired pensioners above 40. The maximum age shows as 60 on SBI Card's checklist and as 70 in its FAQ. No minimum income is published, only a stable income requirement, and the card finder's "50 to 99K" monthly income filter is a browsing tool, not a cut-off. A credit score between 750 and 900 is preferred.

PAN, for digital KYC.
Aadhaar copy with first 8 digits masked, or another government address proof.
Salary slips or ITR, if SBI Card asks for income proof.

The RBI's 2025 Directions for NBFC card issuers require SBI Card to judge your repayment capacity on its own, give you a Key Fact Statement and explain a rejection in writing. PhonePe, the co-brand partner, cannot see your card transactions and does not approve the card.

PhonePe SELECT BLACK: eligibility and documents

Age (salaried)	21 years or above (minimum). Maximum age stated as 60 years in one place and 70 years in another on SBI Card's listing page
Age (self-employed)	Above 25 years (minimum, for online application)
Income (salaried)	Stable income; SBI Card says the specific minimum varies by card and does not publish it for this card
Income (self-employed)	Stable income; minimum not published for this card
Other conditions	Positive credit history preferred; good credit score, preferably between 750 and 900; SBI banking relationship not mandatory; residence must be in a location serviced by SBI Card; retired pensioners above 40 can apply online. SBI Card's card finder files this card under monthly income '50 to 99K' - a browsing filter, not a stated eligibility minimum.
Documents	PAN card (for digital KYC) Copy of Aadhaar card with first 8 digits masked, or any valid government address proof (for digital KYC) Income documents such as salary slip or income tax return may be required, depending on card eligibility and SBI Card policy
How to apply	Online at sbicard.com (eApply; card pages carry an "Apply Now" link for cards sold online), through the chatbot ILA, by calling the SBI Card helpline 39 02 02 02 (prefix city STD code) or at the nearest SBI branch. Since 23 Sep 2026, SBI fixed-deposit holders can also apply for the secured "Advantage" variants (ELITE, PRIME, SimplyCLICK, SimplySAVE) on SBI's YONO app. Some co-brand cards (PhonePe, Google Pay Flex, Eternal) have no Apply button on sbicard.com.
Card customer care	1860 180 1290 / 1860 500 1290 / 39 02 02 02 (prefix local STD code) / 1800 180 1290 (toll free); AURUM: 1860 500 2000

These are the bank's published conditions. Meeting them does not guarantee a card: approval and the credit limit are the bank's decision.

PhonePe SELECT BLACK against other bills and UPI cards

The Airtel Axis Bank card costs ₹500 plus GST, reversed at ₹2,00,000 a year, and is applied for through the Airtel Thanks app. It pays 25% on Airtel mobile, broadband, Wi-Fi and DTH bills and 10% on other utility bills paid in Airtel Thanks, but since 12 April 2026 those are capped at twice and once the 1% base cashback you earn that month, so the high rates need plenty of other spending to work. It has no lounges.

SBI Card's own Tata Neu Infinity SBI Card has the same ₹1,499 fee and ₹3 lakh reversal but treats UPI differently: 1.5% NeuCoins on RuPay UPI with no app condition stated, up to 500 a month, plus 5% on Tata brands, 1.99% forex and more lounges. Its NeuCoins only work inside Tata Neu.

AU SPONT is the budget option: ₹299 plus GST with no published waiver, 1% cashback on every transaction including UPI through any app, capped at ₹500 a statement cycle, and 2 domestic lounge visits a quarter after ₹50,000 of spends in the previous quarter.

Which one to pick

Choose PhonePe SELECT BLACK if PhonePe is your bill-paying app and you can get an application in; Airtel Axis for Airtel-heavy households; Tata Neu Infinity SBI for UPI across apps and Tata shopping; AU SPONT for small, simple UPI cashback. More in our best cards for UPI, the SBI Card hub and the credit cards hub, with service numbers on the SBI customer care page.

PhonePe SELECT BLACK against similar cards

Term	PhonePe SBI Card SELECT BLACK This card	Tata Neu Infinity SBI Card	Airtel Axis Bank Credit Card	AU SPONT Credit Card
Bank	SBI Card	SBI Card	Axis Bank	AU Small Finance Bank (AU Bank)
Joining fee	₹1,499 + GST	₹1,499 + GST	₹500 + GST	₹299 + GST
Annual fee and waiver	₹1,499 + GST. Annual Fee reversal on spends of Rs. 3 lakh or more in previous membership year	₹1,499 + GST. Annual Fee reversal on annual spends of 3 lakhs or more (net retail spends in the 365 days before the fee date)	₹500 + GST. Annual fee (2nd year onward) waived on spends of INR 2,00,000 in the preceding card anniversary year; rent, wallet loads and gift cards do not count.	₹299 + GST
Base reward	1 RP per Rs. 100 on other spends (max 2,000 RP per calendar month) (about 1% value)	1.5% Value Back as NeuCoins on other spends, including UPI transactions... (about 1.5% value)	1% base cashback on all other eligible spends, no cap (about 1% value)	1% cashback on all transactions... (about 1% value)
Best category	PhonePe app spends on recharges, utilities, bill payments, travel: about 10% value	Non-EMI spends on Tata Neu app/website and partner Tata brands: about 5% value	Airtel mobile, broadband, Wi-Fi and DTH bill payments via the Airtel Thanks app: about 25% value	No higher-reward category published
Lounges	Domestic: 4 complimentary domestic lounge visits a year (max 1 per quarter); from 10 Jan 2026 only at lounges in SBI Card's 'Set A' list International: Complimentary Priority Pass membership (worth $99) for first two years; no complimentary international visits stated	Domestic: 8 domestic airport lounge accesses a year (2 per quarter) International: 4 complimentary international airport lounge accesses a year (1 per quarter) via Priority Pass; membership valid 2 years	Domestic: None (4 complimentary domestic lounge visits discontinued from 12 April 2026) International: None	Domestic: 2 complimentary domestic airport lounge visits per quarter International: None published
Forex markup	3.5% of the amount	1.99% of the amount	3.5% of the amount	3.49% of the amount
Network	Visa, RuPay	Visa, RuPay	RuPay	RuPay
Published minimum income	Stable income; SBI Card says the specific minimum varies by card and does not...	Stable income; SBI Card says the specific minimum varies by card and does not...	Not stated on the card page	Minimum monthly income as specified by the bank (no figure published)
Status	Taking applications	Taking applications	Taking applications	Taking applications

Frequently asked questions

What is the annual fee on the PhonePe SBI Card SELECT BLACK?

The joining fee and the yearly renewal fee are ₹1,499 each. The card page shows the joining fee without taxes, but SBI Card's MITC says all fees attract taxes, so expect ₹1,768.82 with 18% GST. The renewal fee is reversed if you spent ₹3 lakh or more in the previous membership year.

How much are PhonePe SELECT BLACK reward points worth?

One Reward Point is worth ₹1. You can take points as statement credit in multiples of 500, and the card's terms say no redemption fee is charged. At that value, 10 points per ₹100 on PhonePe bills is a 10% return and 5 points per ₹100 on online spends is 5%, both within monthly caps.

How do I apply for the PhonePe SBI Card SELECT BLACK?

SBI Card's website has no Apply button for this card, its card finder marks it as not available online, and SBI Card does not state where to apply. Its usual criteria apply: salaried applicants from age 21, a maximum age given as 60 in one place and 70 in another, and no published minimum income. Approval is SBI Card's decision.

Does the PhonePe SELECT BLACK card include lounge access?

It gives 4 complimentary domestic lounge visits a year, at most 1 a quarter, which since 10 January 2026 work only at lounges on SBI Card's Set A list. You also get Priority Pass membership worth USD 99 for the first two years, but no free international visits are stated, and Priority Pass visits cost up to USD 27 plus taxes.

What changed on the PhonePe SELECT BLACK card on 1 July 2026?

The monthly cap on PhonePe spends was split into 1,500 points for non-insurance spends and 500 for insurance, where it had been 2,000 for all PhonePe spends. The online cap fell from 2,000 to 1,000 points, and UPI scan and pay or online UPI outside the PhonePe app stopped earning points.

Does UPI earn points on the PhonePe SELECT BLACK card?

Only inside the PhonePe app. Scan and pay through PhonePe earns 1% value back on the RuPay variant, with no separate cap stated. Since 1 July 2026, scan and pay or online UPI through any other app earns nothing. Transactions below ₹100 earn no points either way.

Sources

SBI Cards and Payment Services Ltd: Most Important Terms & Conditions (PDF 'MITC- Common-30OCT26', Ver FY 27, 16); PhonePe SBI Card SELECT BLACK T&C booklet (12. Rewards Program); PhonePe SBI Card SELECT BLACK T&C booklet; PhonePe SBI Card SELECT BLACK product page (page content served from SBI Card's card data file); PhonePe SBI Card SELECT BLACK revision notice; SBI Card credit card listing (data feed behind the 'Credit Cards' listing page and card finder); SBI Card credit cards listing page, 'Get ready to apply' checklist (content file /templatedata/common/content-tab); SBI Card credit cards listing page, 'Get ready to apply' checklist; SBI Card credit cards listing page FAQ (content file /templatedata/common/faq); SBI Card credit cards listing page FAQ

Last verified: 5 November 2026

Written by Rashmi Mandana, reviewed by BankCreds Financial Experts

BankCreds does not sell cards or take applications. Fees and rewards change; the bank's own terms on the day you apply are what count, and approval is the bank's decision.