SBI
PhonePe SBI Card SELECT BLACK
This is an invite only card
Top Benefits
Earn 10 Rewards per ₹100
on eligible PhonePe spends
Get Yatra Voucher on Annual
spends of Rs. 5 lakh with a Yatra e-Voucher worth Rs. 5,000 valid for 4 months
Best For
Shopping
Travel
Expert Review
Joining / Annual Fee
Joining Fees
₹1,769 ( ₹1499 + GST )
Annual Fees
₹1,769 ( ₹1499 + GST )
Eligibility
Age
Criteria*
21-70 years
Salary
Criteria*
3LPA
Credit
Rating*
720+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
Yes
All Card Benefits
- 10 reward points per ₹100 on eligible PhonePe spends
- 5 reward points per ₹100 on eligible online spends
- PhonePe e-Gift Card worth ₹1,500 on payment of annual fee ₹1,499
Milestone Benefits
Voucher Benefit(Worth ~ ₹5,000)
Spend ₹5,00,000 in 365 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Points = ₹1
Redemption Options
- SBI Reward Portal
- Product
- Vouchers
To check redemption catalogue
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel
e-wallet
rent
property management
school and education services
government spends
digital gaming
financial charges
Encash
disputed transactions
ATM withdrawals
Flexipay transactions and merchant EMI spends
For Spends Waiver
Fuel
e-wallet
rent
property management
school and education services
government spends
digital gaming
financial charges
Encash
disputed transactions
ATM withdrawals
Flexipay transactions and merchant EMI spends
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.5% |
APR Fees Finance charges of 3.75% per month (45% per annum) apply on unpaid outstanding balances until the amount is fully repaid | 3.75% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable) | 2.5% |
Reward Redemption Fees ₹99 per redemption request is applicable | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets | 1% |
Rent Payment Fees A surcharge fee of ₹199 + GST applies on rental transactions made using the credit card | ₹199 |
cheque Payment Fees A fee of ₹200 of the payment amount is levied for cheque return, cheque dishonour, or auto-debit reversal | ₹200 |
Cash Payment Fees ₹200 cash payment fee per deposit | ₹200 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹0 |
| ₹501 - ₹1000 | ₹400 |
| ₹1001 - ₹10000 | ₹750 |
| ₹10001 - ₹25000 | ₹950 |
| ₹25001 - ₹50000 | ₹1100 |
| Above ₹50000 | ₹1300 |
That’s the full story of this credit card
Like this card? Your apply button’s just there.
Top Benefits
Top Benefits
Earn 10 Rewards per ₹100
on eligible PhonePe spends
Get Yatra Voucher on Annual
spends of Rs. 5 lakh with a Yatra e-Voucher worth Rs. 5,000 valid for 4 months
The smartest way to find your great credit card
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