State Bank of India
PhonePe SBI Card SELECT BLACK
Data last verified: 11 October 2026
- Joining fee₹1,499 + GST
- Annual fee₹1,499 + GST
- Reward rate1% base, up to 5% on online shopping; 10% only at partner merchants
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
- Joining fee₹1,499 + GST
- Annual fee₹1,499 + GST
- Fee waiverOn ₹3 lakh spend a year
- Forex markup3.5%
- Interest (APR)3.75% a month, 45% a year
- Fuel surcharge waiver1%
- Fuel waiver cap₹250 a month
01PhonePe SBI Card SELECT BLACK Rewards and Benefits
02PhonePe SBI Card SELECT BLACK Annual Fee and Charges
- Joining fee
- ₹1,499 + GST
- Annual fee
- ₹1,499 + GST
- Spend-based waiver
- Annual fee waived on ₹3 lakh spend in a year (rent and wallet loads not counted)
- Rewards redemption fee
- Nil
- Forex markup
- 3.5%
- Interest rate
- 3.75% a month (45% a year)
- Fuel surcharge waiver
- Yes, up to ₹250 a month
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹5,000 on online shopping, earning 5%₹250
- ₹15,000 on everything else, earning 1%₹150
- Back each month, ₹4,800 a year₹400
- Annual fee with 18% GST−₹1,769
- In your pocket each year₹3,031
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good for
- Utility bills only at PhonePe app: 10% back, up to ₹1,500 a month
- Online shopping: 5% back, up to ₹1,000 a month
- Spending ₹25,000 or more a month: the ₹1,769 fee is waived
- Flyers: 4 airport lounge visits a year
Skip it if…
- you spend less than ₹25,000 a month (₹3,00,000 a year, rent and wallet loads not counted): the ₹1,769 fee is then charged
- most of your spending is fuel, rent, education or wallet top-ups: those earn nothing on this card
- you rarely spend on PhonePe app: the 10% rate applies only there, everything else earns 1%
- you often pay in foreign currency: 3.5% is added to every foreign spend
- you sometimes pay only the minimum due: interest of 3.75% a month (45% a year) outweighs any reward
04How PhonePe SBI Card SELECT BLACK earns Rewards
1% base, up to 5% on online shopping; 10% only at partner merchants.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | 1% | No cap | The card's normal rate |
| Online shopping | 5% | ₹1,000 | All merchants in the categoryTerms: 5% RP on online/e-commerce spends; cap cut to 1,000 RP a month from Jul 2026 |
| Dining and food delivery | 1% | No cap | The card's normal rate |
| Groceries | 1% | No cap | The card's normal rate |
| Travel: flights, hotels, trains | 1% | No cap | The card's normal rate |
| Fuel | Earns nothing | - | earns nothing on this card |
| Bills and recharges | 1% | No cap | Anywhere else in the category |
| Bills and recharges, only at listed merchants | 10% | ₹1,500 | Only at: PhonePe appTerms: 10% RP on PhonePe-app spends (utilities, recharges, bills, travel), bills paid outside the app earn nothing; cap 1,500 RP a month, insurance sub-capped 500 RP a month (from Jul 2026). No points under ₹100 |
| Rent | Earns nothing | - | earns nothing on this card |
| Insurance premiums | 1% | No cap | The card's normal rate |
| School and college fees | Earns nothing | - | earns nothing on this card |
| Wallet top-ups | Earns nothing | - | earns nothing on this card |
| Taxes and government payments | Earns nothing | - | earns nothing on this card |
| Spend abroad or in a foreign currency | 1% | No cap | The card's normal rate |
| Everything else | 1% | No cap | The card's normal rate |
Terms on the base rate. 1% RP on UPI (RuPay scan & pay via PhonePe) and all other spends, capped 2,000 RP a month; 1 RP = ₹1 statement credit
05PhonePe SBI Card SELECT BLACK Lounge Access and Travel
Domestic lounge access is 4 visits a year, through Priority Pass with Priority Pass. 4 complimentary domestic airport lounge visits a year, 1 per quarter. Includes a complimentary 2-year Priority Pass membership, but international lounge visits on it are self-paid. Spending abroad carries a 3.5% forex markup; rewards on it: 1% back (the normal rate). See what it costs on your trip
Also on the card. fuel surcharge waiver, airport lounge access, milestone bonuses.
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions of ₹500 to ₹4,000, capped at ₹250 per statement cycle
- Milestone bonuses: ₹5,000 Yatra travel voucher on ₹5 lakh annual spend
06PhonePe SBI Card SELECT BLACK Eligibility and Documents
- Employment
- Salaried or self-employed
Documents. PAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph
07Recent Changes
What State Bank of India changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 1 Jul 2026 | Reduced: Reward-point caps halved and new exclusions addedSource: State Bank of India | Flat 2,000 RP a month cap on PhonePe and on online spends | 1,500 RP a month PhonePe (500 RP insurance sub-cap); 1,000 RP a month online |
| 1 Nov 2025 | Reduced: 1% fee on third-party education payments & large wallet loadsSource: State Bank of India | No surcharge on education/wallet-load spends | 1% fee on 3rd-party education fees & wallet loads over ₹1,000 |
| 22 Jul 2025 | Changed: PhonePe SBI Card SELECT BLACK launchedSource: State Bank of India | - | - |
See this card's change history → · All card changes in July 2026 →
08Cards Similar to PhonePe SBI Card SELECT BLACK
PhonePe SBI Card SELECT BLACK is a utility bills card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | PhonePe SBI Card SELECT BLACK |  HSBC Live Plus Credit Card |  HDFC Bank UPI RuPay Credit Card |
|---|---|---|---|
| Joining fee | ₹1,499 + GST | ₹999 + GST | ₹99 + GST |
| Annual fee | ₹1,499 + GST | ₹999 + GST | ₹99 + GST |
| Rewards | 1% base, up to 5% on online shopping; 10% only at partner merchants | 1.5% base, up to 10% on dining | 0.25% base, up to 0.75% on groceries |
| Domestic lounge | 4 visits a year | 2 visits a year | Not included |
| Forex markup | 3.5% | 1.99% | 3.5% |
| Type | Utility bills | Dining | Grocery |
09Explore More
Card facts last verified 11 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Never Miss Your PhonePe SBI Card SELECT BLACK Bill
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Common Questions
What is the joining fee for the PhonePe SBI Card SELECT BLACK?
The joining fee is ₹1,499 + GST. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the PhonePe SBI Card SELECT BLACK?
The annual fee is ₹1,499 + GST.
Does the PhonePe SBI Card SELECT BLACK give airport lounge access?
Yes. Domestic lounge access is 4 visits a year, through Priority Pass with Priority Pass. Check the bank's page for the current rules, because lounge programmes change.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with State Bank of India. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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