Welcome Benefits :- PhonePe Gift Voucher Worth ₹1,500

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Rewards & Benefits :- 

Movie & Dining

NA

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Rewards Rate

10 Reward Points/₹100 Spent on PhonePe, 5 Reward Points/₹100 Spent Online, and 1 Reward Point/₹100 on Other Valid Spends

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Reward Redemption

1 Reward Point = ₹1 and Can be Redeemed as Statement Credit or as Gift Vouchers

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Travel 

Complimentary Priority Pass Membership for the First Two Years

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Domestic Lounge Access

4 Free Domestic Lounge Visits Each Year

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International Lounge Access

N/A

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Fees & Charges :- 

Spend-Based Waiver

Annual Charges are Reversed on Spends of ₹3 Lakh

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Rewards Redemption Fee

N/A​

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Foreign Currency Markup

3.5% + GST

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Interest Rates

3.6% per month (45% annually)

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Fuel Surcharge

1% surcharge waiver on fuel transactions at all fuel stations across India

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Cash Advance Charges

2.5% on the transaction amount subject to a minimum charge of Rs 500

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Product Details :- 

• This is a co-branded offering launched by PhonePe and SBI Card.

• This card is most suited for those who use PhonePe for making various payments.

• The PhonePe SBI Select Black Credit Card offers 10% Reward Points for PhonePe spends, 5% Reward Points for online spends, and 1% Reward Points for all other spends, including UPI.

• Cardholders will also receive complimentary domestic airport lounge access with this card.

• Although no international airport lounge access is offered, cardholders are eligible for a complimentary Priority Pass membership.

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