Joining Fee:
Apply Now₹1499 +GST
Return Percentage:1% to 10%
Credit Card Overview
A co-branded PhonePe Select Black card offering premium cashback on PhonePe transactions, milestone vouchers, and lifestyle perks for digital-first users.
Best Suited For: Cashback
SBI
Fees and charges at a glance
- Annual fee
- ₹1,499
- Joining fee
- ₹1,499
- Reward rate
- 1% to 10%
- Forex markup
- 3.5%
- Interest rate
- 45% p.a.
- Add-on card
- Free
Charged every year you keep the card
Paid once when you get the card, plus GST
Depends where you spend
Extra charge on foreign spends
Only if you don't pay the full bill
An extra card for family
SBI PhonePe Select Black credit card — Earn Categories
Where you earn more
- PhonePe (Utilities)10 reward points / ₹100
A maximum of 1500 Reward Points can be earned per calendar month. · Minimum ₹100 per transaction
- PhonePe (Insurance)10 reward points / ₹100
A maximum of 500 Reward Points can be earned per calendar month on Insurance via PhonePe · Minimum ₹100 per transaction
Everyday rate
- Base Rewards1 Reward Points (reward points) / ₹100
Minimum ₹100 per transaction
3 more earning categories on this card
We track all 6 of them, with the caps and conditions on each. See the full breakdown against your own spending in the app.
Earns nothing on these
Spends in these categories carry no rewards on this card.
- Government
- Rent
- Fuel
- Utilities
- Insurance
- Jewellery
- Education
- UPI
- Digital gaming
- Education (Third-party)
- Gift Cards
- Transportation & Tolls
- Wallets