BEST FOR UTILITIES & ONLINE SPENDING

PhonePe SBI Black Credit Card

PhonePe SBI Black Credit Card - Our Money Guide Our Rating 4.50
Top Reasons to Choose
✔︎
10% cashback on PhonePe spends, including recharges, bills, insurance, travel. Monthly cashback limit: ₹2000
✔︎
5% cashback on online spends. Monthly cashback limit: ₹2000
✔︎
Domestic airport lounge access - 4 times per year
✔︎
1% reward on UPI spending
Annual Fee

₹1499

Minimum Income

Not specified

Annual Fee Offers
  • Welcome offer worth ₹1,500 (PhonePe Gift Card)
  • Annual fee waived on ₹3 lakh annual spend

10% cashback on PhonePe transactions (including recharges, bills, insurance, travel). 

  • Monthly limit: ₹2000 cashback, ₹20,000 spending

5% cashback on online spend 

  • Monthly limit: ₹2000 cashback, ₹40,000 spending

1% cashback on UPI transactions (RuPay variant only)

  • Monthly limit: ₹2000 cashback, ₹2 lakh spending

4 free domestic airport lounge visits per year

Fuel surcharge waiver up to ₹250 per month, valid only on fuel transactions between ₹500-₹4,000

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Advantages

  • Best-In-Class Bill Payment Rewards: Unlike most credit cards that exclude utilities from reward categories, the SBI PhonePe Black offers 10% cashback on all bill payments via PhonePe - a significant feature for households.
  • Generous Monthly Cashback Limits: With ₹2,000 monthly caps across three categories, users can earn up to ₹6,000 monthly cashback - higher than many competitors.
  • UPI Integration: The RuPay variant's 1% cashback on UPI transactions makes it a good choice for earning on day-to-day spending especially at smaller merchants.
  • Broad Online Merchant Coverage: The 5% cashback applies to most online merchants without being limited to select brands or platforms (with only standard exclusions)  

Disadvantages

  • Premium Pricing: ₹1,499 annual fee might seem high for some users, but the benefits easily justify the cost.
  • PhonePe Dependency: Maximum rewards require using PhonePe app, which might not suit users preferring other payment platforms.
  • No International Lounge Access: Despite Priority Pass membership, no complimentary international lounge visits are included.

To read the full review of the card , please click here
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