PhonePe SBI Select Black Credit Card

The following are the key highlights of the PhonePe SBI Card:

Welcome Benefit

• Rs. 1,500 PhonePe Gift Card. 
• The card will be shared over the registered e-mail ID/ mobile number of the cardholder within 45 days of the joining fee realisation.

PhonePe Rewards

• 10 Reward Points on every Rs. 100 spent on eligible PhonePe & Pincode categories.
• 5 Reward Points on every Rs. 100 spent on eligible online categories.
• 1 Reward Point on every Rs. 100 spent on other categories.
• 1 Reward Point = Re. 1
• No Reward Points are applicable on fuel transactions, rent payment, wallet upload, education services & government spends, EMI transactions, and cash withdrawal.
• Reward Points can be redeemed against a wide array of vouchers or for cash.

Exclusive Milestone Benefits

• Yatra Voucher worth Rs. 5,000. 
• Applicable on achieving annual spends of Rs. 5 Lakhs.

International Lounge Access

• Complimentary membership to Priority Pass Program worth $99 (Rs. 8,000) for use at international airport lounges. 
• Offer valid for the first 2 years of cardholder membership

Domestic Lounge Access

• 4 complimentary domestic airport lounge visits each year. 
• Maximum 1 visit available per quarter.

Fuel Surcharge Waiver

• 1% fuel surcharge waiver across all petrol pumps in India.
• Valid on transactions from Rs. 500 to Rs. 4,000, exclusive of GST & other charges.
• A maximum fuel surcharge waiver of up to Rs. 250 is available per statement cycle, per credit card account.

Add-on Cards

• Get add-on credit cards for up to 3 members of your family. 
• Family includes spouse, parents, children, or siblings aged above 18 years.

Annual Fee Reversal

The annual fee of Rs. 1,499 + taxes is reversed when spending Rs. 3 Lakhs or more in the previous membership year.

The following are the charges associated with the PhonePe SBI Card Select Black credit card:

• Joining fee: Rs. 1,499 + taxes.
• Annual fee: Rs. 1,499 + taxes; Reversed on annual spends of 3 Lakhs or more in the previous membership year.
• Add-on fee: Nil
• Foreign currency transaction fee: 3.5%.
• Finance charges: Up to 3.75% per month (45% p.a.).
• Late payment charges: Up to Rs. 1,300 (based on the outstanding amount).
• Charges for missing Minimum Amount Due payment: Rs. 100 (for every payment cycle until the MAD is cleared) for missing MAD by the due date for 2 consecutive cycles.
• Cash advance fees: 2.5% of transaction amount or Rs. 500, whichever is higher.
• Cash payment fee: Rs. 250 + applicable taxes.
• Over limit fees: 2.5% of the overlimit amount above the credit limit or Rs. 600, whichever is higher.
• Payment dishonor charges: 2% of the payment amount (minimum Rs. 500).
• Utility payment fees: 1%, if the amount of all utility payments exceeds Rs. 50,000 in a billing cycle.
• Card replacement charges: Rs. 100 to Rs. 250.
• Rewards redemption fee: Rs. 99 applicable only on physical product.
• Cheque payment fee: Rs. 100.
• Processing fee for rent payment transactions: Rs. 199. 
• Dynamic & static currency conversion markup fee: 3.5% (for transactions of Rs. 1,000 or above).

Although your eligibility for the PhonePe SBI Select Black credit card is based on multiple factors, which are assessed once you apply for the card. There are certain basic criteria that all SBI credit card applicants must fulfil. For example:

• Minimum age: 21 years
• Maximum age: 70 years
• Occupation: Salaried or self-employed
• Other criteria: Must have a regular source of income, good credit score, etc.

The following documents are required to apply for a PhonePe SBI Select Black card: 

• PAN Card
• Aadhaar Card copy (with first 8 digits masked) or any valid government-issued address proof
• Income documents, such as salary slips and income tax returns, etc. 
• Other documents may be required depending on the credit card eligibility and policy

If you want to get a PhonePe SBI Select Black card, you can apply online on our portal by following the steps below:

• Click on the ‘Credit Cards’ menu on the homepage. 
• Choose ‘SBI Credit Card’ from the dropdown menu.
• Select the desired SBI credit card from the given options. 
• Click on the ‘Apply Now’ button and enter the required details.
• Verify your mobile number with an OTP.
• Our credit card experts will contact you to help you complete the credit card application process.