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SBI Card

PhonePe SBI Card SELECT BLACK

The higher tier of SBI's PhonePe co-brand — more than triple PURPLE's earn rate at every category, real lounge access, and the same ₹1-per-point rate as its sibling.

Joining fee
₹1,499
Annual fee
₹1,499
Status
Open
Verified
26 August 2026
PhonePe SBI Card SELECT BLACK

Fees

Joining fee
₹1,499
Annual fee
₹1,499
Fee waiver
Waived above ₹3,00,000 annual spend
Forex markup
3.5%

Rewards

reward points

  • other-online: 10%Eligible PhonePe spends
  • other-online, amazon, flipkart: 5%Eligible online spends
  • everything-else: 1%Other spends

Milestone rewards

  • ₹0 spend: PhonePe e-Gift Card worth ₹1,500 as a welcome benefit
  • ₹5,00,000 spend: ₹5,000 Yatra e-voucher

Points redeem at ₹1 each — the same card-specific rate as the PURPLE variant.

Travel

Domestic lounge
1/quarter
Domestic lounge
4/year
Forex markup
3.5%

Plus a complimentary Priority Pass membership worth $99 for the first two years — no explicit international visit count is stated, so internationalVisitsPerYear is left unset.

Eligibility

Not published by the issuer.

No specific eligibility criteria published by the issuer.

Why this card may suit you

  • The annual fee is waived once you spend 3,00,000 in a year.
  • It includes airport lounge access, useful if you travel by air a few times a year.

Source & Verification

Verified from official issuer sources. Last verified 26 August 2026

View issuer page ↗

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An entry-level card whose real value is the lounge and cinema benefits, not the rewards. The reward points earn into a goods catalogue with no published rupee value, so treat the rate as unknown rather than as cashback.

Joining
₹500
Annual
₹500
Base reward
0.8% everything else
Forex
3.5%
Lounge
1/qtr domestic lounge