PhonePe SBI Card SELECT BLACK

Annual feeRenewal fee

₹1,499 + GST

Reward rate

10 Reward Points per ₹100 on eligible PhonePe spends, 5 per ₹100 on eligible online spends, 1 per ₹100 on other spends.

Forex markup

3.5% on foreign currency transactions.

Dynamic currency conversion markup

3.5%3.5% (For All Cards Except Aurum, Elite, Prime NRI Secured, Tata Neu Infinity SBI Credit Card and SBI Card Miles Elite/Miles Prime/Miles)

Cash advance fee

2.5% of transaction amount, subject to a minimum of ₹500

Interest on unpaid balance

3.75% p.m.

Interest-free period

20-50 days interest-free when you pay in full.

Late payment fee

Nil to ₹1,300 depending on the outstanding amount due.

Over-limit fee

2.5% of Overlimit Amount (subject to a minimum of ₹600); Overlimit Fee will not be reversed in case of transaction reversal / cancellation / refund

Payment return or dishonour fee

2% of Payment amount (subject to a minimum of ₹500)

Card replacement fee

₹100 - ₹250 (₹1500 for Aurum)

Cash payment / cash deposit fee

₹250

Cheque payment / dishonour fee

₹200; not applicable for SBI Card Unnati, SBI Card Vyapaar Unnati and SBI Card Krishak Unnati Credit Cards

Education / school fee charge

W.e.f 1st Nov 2025, 1% of the transaction amount applicable on Education Payments made through third-party apps; payments made directly to colleges or schools via their websites or POS machines will not attract any fee

Foreign ATM fee

2.5% of transaction amount (subject to a minimum of ₹500) at International ATMs

Wallet load charge

W.e.f 1st Nov 2025, 1% of the transaction amount. Applicable on every wallet load transaction exceeding ₹1,000

Rent transaction fee

₹199 processing fee on all rent payment transactions; Processing Fee will not be reversed in case of transaction reversal / cancellation / refund.

Utility transaction fee

W.e.f. 1st Dec 2024, 1% of total amount of Utility Payments, if the total amount exceeds ₹50,000 in a billing cycle

GST note

All taxes would be charged as applicable on all the above Fees, Interest & Charges

Grace days after the due date

Grace period of 3 days is allowed from the payment due date on credit card accounts, where payments are not overdue from previous billing cycle (s)

Minimum amount due

100% of GST + 100% of EMI amount + 100% of Fees/Charges +100% of finance charges+ Overlimit Amount (if any) + 2% of remaining balance outstanding