If you’re looking for a Best credit card in india which gives high rewards on UPI, bill payments, INSURANCE and online spending, then the PhonePe SBI Card SELECT Black can be a great choice.
This card is specially designed for users who frequently use PhonePe for daily transactions.
💳 Phone Pay SBI CARD SELECT Card Overview (Quick Highlights)
- Joining Fee: ₹1,499 + GST
- Annual Fee: ₹1,499 + GST
- Welcome Benefit: ₹1,500 PhonePe Gift Card
- Best For: UPI payments, bill payments, online shopping
- Reward Value: 1 Reward Point = ₹1
🎁 Welcome Benefits
When you get this card:
- You receive a ₹1,500 PhonePe Gift Card
- It is credited within 45 days after joining
👉 This almost offsets your joining fee.
💰 Reward System (How You Earn)
This card offers one of the best reward structures:
- 10 Reward Points per ₹100 – PhonePe spends
- 5 Reward Points per ₹100 – Online spends
- 1 Reward Point per ₹100 – Other spends
📌 1 Reward Point = ₹1 (can be redeemed for vouchers or cashback)
👉 Maximum value when you use PhonePe for payments.
✈️ Travel Benefits
- 4 Domestic Airport Lounge Access visits per year (1 per quarter)
- Complimentary Priority Pass Membership (valid for 2 years)
👉 Good for frequent travelers.
🏆 Milestone Benefits
- Spend ₹5 lakh annually and get ₹5,000 Yatra voucher
⛽ Fuel Benefits
- 1% Fuel Surcharge Waiver
- Valid on transactions between ₹500 – ₹4000
- Maximum benefit: ₹250 per month
💸 Annual Fee Waiver
- Spend ₹3 lakh in a year → Next year’s fee is waived
📊 Charges (Important)
- Interest Rate: Around 3.75% per month
- Late Payment Fee: ₹400 – ₹1300
- Foreign Transaction Fee: Around 3.5%
👍 Pros
✔ High rewards on PhonePe transactions
✔ Great for online shopping
✔ Lounge access benefits
✔ Welcome gift covers joining fee
👎 Cons
❌ Reward points have spending limits (capping)
❌ No free international lounge visits
❌ Limited rewards on some categories
🤔 Who Should Get This Card?
This card is ideal if:
- You use PhonePe regularly
- You make frequent online purchases
- You want rewards on bill payments and recharges
📝 Final Verdict
The PhonePe SBI Card SELECT Black Credit Card is a strong rewards card, especially for users who are active in the PhonePe ecosystem and also pay Insurance For self or family.
👉 For More information visithttps://www.phonepe.com/credit-cards/phonepe-sbi-card-select-black-credit-card/
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