At a Glance
Key Benefits
10% on PhonePe, 5% online, Rs 1,500 welcome, Rs 5,000 Yatra voucher
Lounge Access
4 domestic lounges/year + Priority Pass membership
Eligibility
Salaried: Rs 30,000+/month, Age: 21-60 years, CIBIL: 700+
Quick Details
Reward Structure
All Spends
Online
PhonePe Transactions
Reward Calculator
Milestone Benefits
Rs 1,500 PhonePe Gift Card on first transaction within 30 days
value
Rs 5,000 Yatra voucher on Rs 5 lakh annual spend
Spend ₹5,00,000 within 365 days
value
Airport Lounge Access
visits per year
visits per year
Priority Pass membership for 2 years, visits chargeable
Insurance Coverage
Lost Card
₹0
Zero liability for lost card transactions when reported within 3 days.
Fraud
₹0
Zero liability for unauthorized transactions.
Quick Analysis
The PhonePe SBI Card SELECT BLACK is ideal for users heavily invested in the PhonePe ecosystem. With 10% rewards on PhonePe and 5% on online spends, it offers exceptional value for digital-first consumers who prefer UPI and online shopping.
Pros
- 10% rewards on PhonePe transactions - industry leading for UPI payments
- 5% rewards on online spends - excellent for e-commerce
- Priority Pass membership included for 2 years
- 4 domestic airport lounge visits per year
- Rs 5,000 Yatra voucher on Rs 5 lakh annual spend
Cons
- 3.5% forex markup is higher than premium cards
- Rs 3 lakh spend required to waive annual fee is significant
- Reward caps limit earning potential for heavy spenders
- No international lounge access beyond Priority Pass membership
Best For
PhonePe power users and online shoppers
Not Ideal For
International travelers and offline spenders
Frequently Asked Questions
What is the annual fee for PhonePe SBI Card SELECT BLACK?
How much rewards can I earn on PhonePe transactions?
What are the lounge access benefits?
What is the welcome benefit for new cardholders?
What is the forex markup on international transactions?
User Reviews
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