PhonePe SBI Card SELECT BLACK: Rewards, Benefits & More

Bio

An Alumnus of IIM and DU with almost a decade of experience in the banking and finance sectors. I had the opportunity to work with all types of institutions in BFSI ecosystem like Bank, NBFC, Fintech, Consulting and Auditor. I started my professional journey at KPMG and subsequently worked in leading names of the BFSI sector including Ujjivan Bank, Vistaar Finance. Currently building a fintech startup ( PICE) by handling alliances, compliance and creation of GTM strategy for payments and credit product.

9 Dec 25
3 mins

Saurabh Agrawal

08 Mins
09-12-25

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Table of Contents

PhonePe SBI Card SELECT BLACK Reward Program
Other Benefits of PhonePe SBI Card SELECT BLACK
Terms and Conditions Associated with PhonePe SBI Card SELECT BLACK Rewards
Fees and Charges of PhonePe SBI Card SELECT BLACK

Key Takeaways

Get 10 reward points for every ₹100 spent via the PhonePe and Pincode app.
Earn 1% value back via ‘Scan and Pay’ transactions.
Get 4 complimentary domestic lounge visits per year.
Receive a free Priority Pass membership worth $99 for the first 2 years.

The PhonePe SBI Card SELECT BLACK is a co-branded credit card designed for users who frequently make high-value transactions on PhonePe.

With a reward rate of up to 10%, it offers strong value for digital spenders.

Let’s explore the key rewards this card brings to the table.

PhonePe SBI Card SELECT BLACK Reward Program

Get 10 reward points for every ₹100 spent on the Pincode and PhonePe app (maximum 2,000 reward points per month).

5 reward points for every ₹100 spent on eligible categories (maximum 2,000 reward points per month).
1 reward point for every ₹100 spent on other categories (maximum 2,000 reward points per month).

Note: 1 reward point = ₹1.

Read more: SBI Bank Credit Card

Other Benefits of PhonePe SBI Card SELECT BLACK

Get a welcome benefit of a ₹1,500 PhonePe gift card on your registered mobile number or e-mail ID after successful payment of joining fees.
Avail a Yatra voucher worth ₹5,000 on achieving an annual spending threshold of ₹5 lakh.
4 complimentary domestic lounge access every year (maximum of 1 per quarter).
Membership to the Priority Pass Program worth $99 for the first 2 years.
1% fuel surcharge waiver across India on spends from ₹500 and up to ₹4,000 (exclusive of GST and other charges).

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Terms and Conditions Associated with PhonePe SBI Card SELECT BLACK Rewards

The accelerated 10 reward points on every ₹100 spent is only applicable on specific categories such as: Utilities, Recharges, Travel, Bill Payments, Insurance and PhonePe Pincode (app).
Online transactions made on the Insurance and Utilities categories outside of PhonePe will only accrue 1 reward point for every ₹100 spent.
All sorts of ‘Scan and Pay’ transactions made with PhonePe SBI Card SELECT BLACK accrue only 1% value back.

Note: The accelerated reward points on PhonePe categories are identified on the basis of MID (Merchant Identification Number) and TID (Terminal Identification Number) for each category.

Fees and Charges of PhonePe SBI Card SELECT BLACK

Types of Charges	Amount
One-Time Annual Fee	₹1,499 + taxes
Renewal Fee (Per Annum)	₹1,499 + taxes from 2nd year onwards
Add-On Fee (Per Annum)	NIL
Finance Charges	3.75% (per month)

No need to worry about interest charges. Link your card to the Pice app and never miss a due date again. Download the app today!