SBI PhonePe Black
SBI Card · Cashback · Statement Credit
This comprehensive guide covers the SBI PhonePe Black's reward rates, fees, and terms — updated regularly from official sources — to help you decide if this card fits your spending. The SBI PhonePe Black from SBI Card offers cashback rewards credited directly to your statement at 5% (up to ₹1,500 per cycle). Top earning categories include 5% on eligible online spends and more. Annual fee is ₹1,499 (waiver subject to current sbi card spend terms).
Best for: General Online, Online Retail, Electronics Accessories, Food Delivery
Reward Examples
Spend ₹1,000 on General online → earn ₹50 (5%) · 5% on eligible online spends
Official product page → Official rules →
Waiver: Waiver subject to current SBI Card spend terms
Reward Rules
- 5% 5% on eligible online spends (cap: ₹1,500)
- 1% 1% base cashback
Important Notes
- Higher PhonePe-specific utility/bill rewards require PhonePe route and are as a separate payment channel yet.
- Fuel, rent, wallet, EMI and excluded MCCs may not earn cashback.
How to Apply
- Apply online: Official application page →
- Credit score: Most rewards cards require good to excellent credit (typically 670+ FICO).
- Issuer rules: Some issuers restrict approvals (e.g. Chase 5/24). Verify current eligibility before applying.
SBI PhonePe Black vs Similar Cards
- Airtel Axis — 25% top rate · ₹500
- Amazon Pay ICICI — 5% top rate · ₹0
- AU Bank LIT Credit Card — 5% top rate · ₹499
Maximize Your Rewards
To earn the highest rewards, use the SBI PhonePe Black for its bonus categories: General Online, Online Retail, Electronics Accessories, Food Delivery.