Skip to content
Back to all cards

SBI Card · RuPay

PhonePe SBI Card SELECT BLACK

Earn 10 RP/₹100 on select PhonePe services, 5 online and 1 on other eligible purchases, with the July 2026 caps and app restrictions.

PhonePe SBI Card SELECT BLACK Credit Card

PhonePe

10 RP/₹100; separate insurance cap

Online

5 RP/₹100; 1,000 RP/month cap

Scan & Pay

1 RP/₹100 through PhonePe only

Annual fee

₹1,499 + taxes; waiver at ₹3 lakh

PhonePe service rewards

10 RP/₹100 on eligible PhonePe recharges, bills and travel, capped 1,500 RP/calendar month; PhonePe insurance has its own 500 RP cap. Scan & Pay is not this accelerator.

Online & Scan & Pay

5 RP/₹100 on eligible online spending, capped 1,000 RP/calendar month. Other eligible purchases including PhonePe Scan & Pay earn 1 RP/₹100, capped 2,000 RP/month.

Annual benefits

4 domestic lounge visits/year, maximum 1/quarter. Priority Pass membership for the first two years is not a free international visit allowance.

PhonePe SBI Card SELECT BLACK: fees & key facts

PhonePe SBI Card SELECT BLACK credit card fees and key facts
Joining and annual feesStandard ₹1,499 + applicable taxes; renewal reversed at ₹3 lakh qualifying annual retail spend. First-year-free/personalised offers depend on the accepted offer; paid welcome benefits may be excluded.
PhonePe rewards10 RP/₹100 on eligible named PhonePe services. Monthly caps from 1 July 2026: 1,500 RP on eligible non-insurance PhonePe spending and 500 RP on PhonePe insurance.
Online rewards5 RP/₹100, capped 1,000 RP/calendar month, subject to exclusions and correct online transaction flag.
Other rewards1 RP/₹100 including eligible PhonePe Scan & Pay, capped 2,000 RP/calendar month. Minimum qualifying transaction ₹100.
UPI restrictionsFrom 1 July 2026, UPI Scan & Pay and online UPI outside PhonePe earn no points. Utilities and insurance outside PhonePe also earn no points.
Redemption1 RP = ₹1 for statement credit or eligible SBI rewards vouchers. Reward redemption has no fee under the card rewards terms.
Welcome benefitPaid-card welcome PhonePe e-gift card worth ₹1,500 after membership-fee payment under welcome terms; fee-free acquisition offers can exclude it.
Milestone and waiver₹5,000 Yatra voucher at ₹5 lakh eligible annual spend; annual fee reversal at ₹3 lakh.
Lounge access4 domestic visits/year, max 1/quarter, at eligible lounges. Priority Pass membership for first two years does not include a promised free international visit quota.
Excluded spendingFuel, rent, wallets, education, government, tolls/bridges, gifts/souvenirs, jewellery, and non-PhonePe UPI/utilities/insurance are excluded under booklet and July notice; fees, cash and EMI terms also apply.

Public issuer terms checked 15 October 2026.

July 2026 notice supersedes old caps and outside-PhonePe rewards. PhonePe app approval and accepted acquisition offer control availability. No application, reward credit or redemption was executed.

SBI reward programmeSBI revision effective 1 July 2026SBI fee schedulePhonePe official card benefits

Who should get it

This is an app-focused rewards card. The PhonePe service accelerator is for named services, not every payment initiated in PhonePe. Merchant Scan & Pay earns the separate base rate.

The July 2026 rules split insurance from other accelerated PhonePe spending and reduce online caps. Utilities, insurance and UPI payments outside PhonePe do not earn points.

Compare the actual spending mix with the annual fee. Limited-time first-year-free offers are personalised and can replace the paid-card welcome gift; do not assume the first year is universally free.

Reward exclusions

Transactions that do not earn Rewards

Eligibility follows the merchant category code and transaction data received by the issuer, so the merchant name alone may not determine whether a transaction earns rewards.

  • Fuel, rent, wallets, education and government payments
  • Tolls/bridges, gifts/souvenirs and jewellery
  • UPI Scan & Pay or online UPI outside PhonePe
  • Utilities and insurance paid outside PhonePe
  • Cash advances, financial charges and excluded EMI transactions

July 2026 notice supersedes old caps and outside-PhonePe rewards. PhonePe app approval and accepted acquisition offer control availability. No application, reward credit or redemption was executed.

Checked 15 October 2026SBI reward programmeSBI revision effective 1 July 2026SBI fee schedulePhonePe official card benefits

PhonePe SBI Card SELECT BLACK FAQs

Does every PhonePe payment earn 10%?

No. Only eligible named PhonePe services earn 10 RP/₹100. Scan & Pay is 1 RP/₹100 within the other-spend cap; excluded merchant categories earn nothing.

What changed on 1 July 2026?

PhonePe insurance is capped at 500 RP/month and other accelerated PhonePe services at 1,500 RP/month; online is capped at 1,000 RP/month. Non-PhonePe UPI, utility and insurance rewards were removed, with additional merchant exclusions.

Can I use another UPI app and still earn points?

The card can support merchant UPI, but SBI says Scan & Pay and online UPI outside PhonePe do not earn rewards from 1 July 2026.

Is the card lifetime free?

No universal lifetime-free offer is confirmed. The standard fee is ₹1,499 + taxes, with annual reversal at ₹3 lakh eligible spend. Check any accepted first-year offer separately.

Explore more cards

Application links on this page may earn Book1A an incentive at no extra cost to you — see our affiliate disclosure.

Check availability for PhonePe SBI Card SELECT BLACK