Date: Apr 25,2026 20:02
PhonePe SBI Card SELECT Black Credit Cards : 10% Saving on Electricity and other Bill payment + More benfits
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Offer
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Why this card is Good for saving Money?
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Bill Payment 10% Cashback: You earn rewards on regular expenses like electricity bills, mobile recharges, and insurance, which many cards don’t reward. The net benefit usually settles between 7.5% and 8.5% (After platform fee) . Still very good. Other card gives hardly 5% (net 3% after platform fee)
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1 reward point = Rs. 1, so there’s no confusing conversion.
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5% Cashback on all online spend (Amazon, Flipkart & more).
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UPI Transaction: 1% Cashback
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No real cost: You pay ₹1,499 as joining fee but get a ₹1,500 voucher, so the first year is effectively free if you use the voucher.
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4 Airport Lounge: 1 per quater (No mimum spend required)
Example Calculation
If you pay an electricity bill of ₹2,000:
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PhonePe Fees: Let's assume a 2% fee (₹40) + GST on fee (₹7.20) = ₹47.20.
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Total Amount Charged: ₹2,047.20.
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Rewards Earned: 10% on the rounded ₹2,000 = 200 points (worth ₹200).
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Net Saving: ₹200 (Rewards) - ₹47.20 (Fees) = ₹152.80.
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Effective Cashback: 7.6%.
Click here to Join
List of Benefits
1. Accelerated Rewards
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10% Back (10 pts / ₹100): On PhonePe and PINCODE app spends (Recharges, Utilities, Bill Payments, Insurance, and Travel).
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Cap: 2,000 points per month.
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5% Back (5 pts / ₹100): On all other online spends (Amazon, Flipkart, Swiggy, etc.).
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Cap: 2,000 points per month.
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1% Back (1 pt / ₹100): On all other eligible spends, including UPI Scan & Pay (if you have the RuPay variant).
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Cap: 2,000 points per month.
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2. Travel Perks
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Domestic Lounges: 4 complimentary visits per year (1 per quarter). No minimum spend needed.
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International Lounges: Complimentary Priority Pass membership for the first 2 years (standard $99 value).
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Milestone Benefit: Get a ₹5,000 Yatra Voucher on reaching annual spends of ₹5 Lakhs.
3. Fee & Surcharge Savings
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Annual Fee Waiver: The ₹1,499 renewal fee is reversed if you spend ₹3 Lakhs in the previous year.
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Fuel Waiver: 1% fuel surcharge waiver for transactions between ₹500 and ₹4,000 (Max ₹250 per month).
4. Welcome Benefit
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₹1,500 PhonePe Gift Card: Issued after you pay the joining fee and your first bill.
Summary Table
| Category | Reward Rate | Monthly Limit |
| PhonePe Bills/Insurance | 10% | 2,000 pts |
| All Other Online Shopping | 5% | 2,000 pts |
| UPI Scan & Pay / Other | 1% | 2,000 pts |
| Redemption Value | 1 Pt = ₹1 | — |
Click here to Join
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Deal Price History
- Posted by Admin on 26th Mar 17:33:00 Rs. 0 in superdeal
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- Posted by Admin on 26th Mar 17:33:00 Rs. 0 in superdeal
- Posted by Admin on 12th Mar 11:04:00 Rs. 0 in superdeal
- Posted by Admin on 15th Feb 20:23:00 Rs. 0 in superdeal
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