PhonePe SBI Card SELECT Review: Ultimate Guide to Features, Charges, Pros & Cons (2026)

PhonePe SBI Card SELECT Review: Check features, rewards, charges, pros & cons, eligibility, and benefits to decide if this credit card is right for you in 2026.

Hey Buddies! Did you ever face this situation in your life. You stood at bill counter in a super market you have to bill for big amount. You don’t have change and you don’t have a time to get the amount from ATM also. Then you took your phone and paid that big amount by a QR code scan and you received a message “Payment Successful”. At that moment, you feel very relaxed. Am I right?

But Imagine… If You receive a cashback for that payment? Not only in supermarkets but in electricity bill, mobile recharge, Zomato orders and so on…how would you feel if you got the rewards for these types of transactions ? Very exciting right!

Recently, I heard about PhonePe SBI Card SELECT. I felt the same. Now-a-days, we are using UPI Payments rather than cash. Then if we have a credit that matches our spending style, how much value does it add?

In this article, I would like to discuss the full details on  PhonePe SBI Card SELECT. What are the conditions and is it profitable? Or are there any hidden chargers? Let’s dive deep into the world of digital payments, by sipping a cup-of coffee!

1.What is PhonePe SBI Card SELECT ?

Simply, It’s a co-branded credit card with the collaboration of SBI Card & PhonePe . Based on the market demand, especially designed for digital-savvy users (like us Who make payments using mobile phone through scan) 

RuPay Network Power

The biggest advantage in this card is it works through the RuPay network. Let’s see what are the uses in it?

• We can link to our UPI.
• We can scan in Phonepe app and the money will be deducted from credit card not from our back account.
• We use this card in Small merchants (like tea stall, kirana shop) to big showrooms.

Basically,If we don’t have enough money in our bank account or in our hands,using this credit card we can do the transaction smoothly. Based on the SELECT variant, we will have some more premium benefits.

2.Key Features and Benefits

Before getting a credit card, do we see how beneficial it is? Let’s breakdown the main highlights in PhonePe SBI Card SELECT

A. Accelerated Rewards on PhonePe App: If you are using phonepe on a daily basis, then it is for you.

• Utility Bills: You will get heavy reward points on the payments of Electricity, Water, Gas bills
• Recharges: You will receive special cashback offers in Mobile & DTH recharges
• Travel Booking: you will get extra saving on  Flights, Buses or Trains through phonepe

For Example, If you pay for electricity bill Rs. 3,000 monthly. In normal phonepe you will receive only “Thank You” as a acknowledgment .But using this card, you will receive points which you can add it to the next month bill

3.Online Shopping Benefits

Now-a-days, everyone is shopping through Amazon, Flipkart, Myntra.

We will get 5% Reward Points on online spends (e-commerce websites)
This is one of the best features because there is a limitations in special platforms like Amazon Pay, ICICI card or Flipkart Axis card
Milestone Benefits :

If you reach our target in one year (Example: Rs. 2 Lakhs or 4 Lakhs), the bank will provide us E-Gift Vouchers. Usually this offer will be there in Yatra, Pantaloons, or Aditya Birla Fashion vouchers. But this offer is like “Giving a gift for spending money”.

B.Lounge Access (For the Travelers)

Are you a frequent flight travel person ? We usually hesitate to have food in airport due to its high cost

Using this SELECT card, we can use the Domestic Airport Lounge Access for free.
So, before you get into the flight, have a full meal and relax.

4. PhonePe SBI Card SELECT vs Others

Who can apply? (Is it for You?)

This card is not applicable for all. Check if you fit in these categories:
Digital Native: It’s been a long time since you used to carry cash. Always you are doing transactions through QR and scan.
PhonePe Loyalist: You are using Mobile recharge, DTH, Insurance, Electricity through phonepe.
Tier-2/3 City Resident: Wherever the Amex cards are not acceptable, then you can use RuPay/UPI
 If you need a credit history score. Do regular small payments(Rs.100-200) by swiping the card. So the score will be increased.

If you already have a super premium card (like HDFC Infinia or Magnus) , this card doesn’t give you much value.
If you have a habit of withdrawing cash from credit cards. Don’t do it.

5.Application Process: Step-by-Step Guide

It’s a very easy process. No need to go to the bank.

Open PhonePe App : Go to “My Money” or “Financial Services”
Click on the banner: You will see “PhonePe SBI Card” option.
Fill the details : Enter PAN card, DOB, Income details
KYC Process: verify KYC process through video( Keep your original pan card)
Approval: They will show the credit score (CIBIL > 750 ) , within 5-10 mins you will get approval.
Virtual Card: Before receive the physical card, it will generates virtual card

6.Pros and Cons:

So, here are the positives and negatives
Pros:
UPI Integration: We can link the credit card to UPI and make small payments also.
App Experience: We can track the rewards points in the PhonePe app.
Welcome Benefits: We will get a joining fee as a voucher.
SBI Trust: This card provides a reliable service service

Cons:
Capping on Rewards: There will be a limit in monthly rewards. (Example: Max 5000 points per month).
Non-PhonePe Spends: The reward rate is less in outside of phonepe(offline swipes)
Rent Payments: If we pay rent payments leads to extra charges and no rewards(It’s industry wide problem)

Conclusion:

So Buddies. PhonePe SBI Card SELECT is perfect example for “Digital India” .This card helps you in changing completely from cash payments to digital payments

10 Key Takeaways (Summary)

Co-Branded Power: It’s a collaboration of SBI & PhonePe
RuPay & UPI : We can link with UPI apps (PhonePe/GPay) and scan & Pay.
High Rewards: We will get more points in Utility bills, Recharges, Travel bookings on PhonePe app
Online Shopping: We will get 5% reward rate in General e-commerce spends
Joining Fee:Approx Rs. 1,499 (GST extra), but we will receive Welcome Voucher
Annual Fee Waiver: No fee for coming years if we spend Rs. 2-3 Lakhs yearly
Lounge Access: Get a facility in Domestic airport lounge access
Redemption: We can redeem Points through Gift Vouchers
Exclusions: No reward points in Wallet loads, Rent payments, EMI conversions
Target Audience: Best choice for daily phonepe users & Tier-2/3 city users