🌟 Card – Core Features
✅ 10RP / ₹100 on PhonePe and Pincode spends
✅ 5RP / ₹100 on Online spends
✅ 1RP / ₹100 on Other spends
✅ Best for Utilities, Insurance and Online
Apply for Card: –
💳 Fees & Bonuses
| Category | Details |
|---|---|
| Joining Fees | ₹1,500+ GST |
| Joining Bonus | **₹1,500 PhonePe Gift Voucher (within 45 days after paying Annual Membership fees)** |
| Annual Fees | ₹1,500 + GST (waived off on annual spends of ₹3 Lakh) |
| Renewal Bonus | NA |
💳 Card Issuer
- Issuer – Rupay (Select), Visa
💳 Rewards Earning
| Category | PhonePe SBIC Card SELECT BLACK Rewards |
|---|---|
| PhonePe Spends Recharges, Utilities, Bill Payments, Insurance, Travel and PhonePe PINCODE. | 10 RP/100 (Max 2000/Month) |
| Online spends Amazon, Swiggy, Zomato, Uber, Myntra , Nykaa, BookMyShow, MakeMyTrip, Blinkit, District, Zepto, Rapido | 5 RP/100 (Max 2000/Month) |
| Other spends | 1 RP/100 (Max 2000/Month) |
| Online transactions on Utilities and Insurance outside PhonePe | 1 Reward Point / Rs. 100 (max 500 / month) |
| Scan & Pay transactions | 1% Value Back |
- Accelerated spends 1 – 10 RP / ₹100 (PhonePe spends) –
- Max Points – 2000
- Max spends – ₹20,000/month
- Accelerated spends 2 – 5 RP / ₹100 (Online spends) –
- Max Points – 2000
- Max spends – ₹40,000/month
- Other spends – 1 RP / ₹100
- Value of 1 RP = ₹1
- You can redeem your Reward Points against a vouchers or for cash
- Reward Point balance shall be forfeited at the end of the 13th month (if no transaction on card)
Exclusions
- No Rewards on following
- No Reward Points applicable on fuel transactions, wallet upload, rent payment, education services and government spends, EMI transactions, and cash withdrawal
- Fuel Surcharge Waiver
- 1% across all Fuel Pumps
- Transactions amount between ₹500 up to ₹4,000
- Maximum waiver ₹250 per statement cycle
- Railway Surcharge – ₹10 or 2.5% of the transaction amount, whichever is higher. Railways will also levy a processing charge of ₹30 per transaction.
💳 Milestone Benefit
- ₹5,000 Yatra Voucher worth on reaching annual spend of ₹5 Lakh
💳 Redemption
- Cashback directly in statement
💳 Lounge
- 4 Domestic per year (1/quarter)
- Complimentary membership to Priority Pass Program worth $99 for first two years of Cardholder Membership
💳 Competition
Axis Airtel Credit Card
SBI Cashback Credit Card
HDFC PhonePe Credit Card
💳 Eligibility Criteria
- Age between 18 to 65 years old
- Minimum income of 4,00,000 per year
- Be an Indian resident
- Reside in Chennai, Gurgaon, Delhi National Capital Region (NCR), Pune, Noida, Hyderabad, Mumbai, Bangalore, Kochi, Coimbatore, Jaipur, Chandigarh, Ahmedabad or Kolkata
💳 Important Links
Apply for Card: –
Official Link: – https://www.sbicard.com/en/personal/credit-cards/rewards/phonepe-sbi-card-select-black.page
MITC: – https://www.sbicard.com/en/most-important-terms-and-conditions.page