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SBI Card PhonePe SBI Card – CVP new SBI CC launching

SBI Card and PhonePe launched two new co-branded credit cards today, on July 22, 2025 — the PhonePe SBI Card SELECT BLACK and the PhonePe SBI Card SELECT PURPLE. These two cards are specifically designed for users who are highly active within the PhonePe ecosystem and for those who frequently shop online. They offer a lucrative reward structure for bill payments and online purchases, making them attractive options in the credit card space. Let's dive into the complete details of both credit cards and then evaluate whether these cards have the potential to make a significant impact.

Original Thread Started By @Arkapal Sen, Edited by TechnoFino for sharing opinion & initial review.

PhonePe SBI Card SELECT BLACK
View attachment 103765

💳 PhonePe SBI Card SELECT BLACK [CreditPedia Link (complete details): https://creditpedia.in/wiki/SBI_PhonePe_Select_Black_Credit_Card]
(Available on RuPay & Visa)

🎁 Welcome Benefit
Get a ₹1,500 PhonePe Gift Card within 45 days of joining fee payment.
Gift card will be sent via your registered email or mobile number.

💰 Reward Points
🔹10 RP/₹100 on PhonePe & Pincode spends (Max 2000/Month)
🔹 5 RP/₹100 on other eligible online spends (Max 2000/Month)
🔹 1 RP/₹100 on all other spends (Max 2000/Month)
🔹 1 Reward Point = ₹1 & can be redeemed as Statement Credit

🏆 Milestone Benefit
🎫 Get a Yatra Voucher worth ₹5,000 on ₹5L annual spends

✈ Travel Privileges
🌐 International Lounge Access
– Complimentary Priority Pass Membership (worth $99) for first 2 years
🏢 Domestic Lounge Access
– 4 free visits/year (1 per quarter)

⛽ Fuel Surcharge Waiver
– 1% waiver on transactions between ₹500–₹4,000
– Max ₹250/month per card account
– GST & other charges excluded

📅 Fees & Waivers
💵 Joining Fee: ₹1,499 + GST (Welcome gift worth ₹1,499)
🔁 Renewal Fee: ₹1,499 + GST
✅ Annual Fee Reversal on ₹3L annual spend (from 2nd year onwards)


💳 PhonePe SBI Card PURPLE [CreditPedia Link (complete details): https://creditpedia.in/wiki/SBI_PhonePe_Purple_Credit_Card]
(Available on RuPay & Visa)

🎁 Welcome Benefit
Get a ₹500 PhonePe Gift Card within 45 days of joining fee payment.
Gift card will be sent via your registered email or mobile number.

💰 Reward Points
🔹 3 RP/₹100 on PhonePe & Pincode spends
🔹 2 RP/₹100 on other eligible online spends
🔹 1 RP/₹100 on all other spends
🔹 1 Reward Point = ₹1 & can be redeemed as Statement Credit

🏆 Milestone Benefit
🎫 Get a Yatra Voucher worth ₹3,000 on ₹3L annual spends

⛽ Fuel Surcharge Waiver
– 1% waiver on transactions between ₹500–₹3,000
– Max ₹100/month per card account
– GST & other charges excluded

📅 Fees & Waivers
💵 Joining Fee: ₹499 + GST (Welcome gift worth ₹500)
🔁 Renewal Fee: ₹499 + GST
✅ Annual Fee Reversal on ₹1L annual spend (from 2nd year onwards)
View attachment 103764

TNC LIST : https://www.sbicard.com/sbi-card-en/assets/docs/pdf/ekit-tncs/PhonePe-select-ekit.pdf

TechnoFino Opinion / Initial Review:

Both the SBI PhonePe Select credit cards are well-suited for users who frequently pay bills, insurance premiums, and make recharges on PhonePe. With the SBI PhonePe Select Black card, you can earn 10% value back on bill payments — up to ₹2,000 per month — which is an excellent proposition. Unless you're using a high-reward airmiles credit card and purchasing Amazon Pay vouchers from an accelerated rewards portal to pay your bills, this "black beauty" offers a straightforward way to earn substantial rewards directly on utility payments.

Both variants of the card are appealing, but the SBI PhonePe Select Black stands out. For just ₹1,000 more in annual fees, you get an additional ₹1,000 monthly cap on rewards for bill payments and online spends — a significant advantage. Without a doubt, it offers better value for money and is a highly recommended credit card.

If you're someone currently using the SBI Cashback Credit Card and have substantial monthly utility spends, you've likely missed out on rewards — as the Cashback card doesn't offer cashback on utility bill payments. The PhonePe Select Black fills that gap with 10% value back on those transactions. It also offers 5% back on general online spends, making it a strong all-rounder.

However, do note that the monthly cashback cap is ₹2,000 — ₹3,000 less than the SBI Cashback card’s ₹5,000 cap. So, depending on your spending habits and priorities, choose the card that best aligns with your needs.
do we get instant discount offers on amazon and flipkart during sales on this new phone sbi credit card ?

If we take the Visa variant, then also we can get 10% cb on phonepe? , Can we pay insurance bills/electricity bills via phone pe using cc option without additional fee ?

It was mentioned 5 RP/ other online spends, like can it be used on amazon, flipkart grocery etc... ? this is like direct replacement of sbi cb till Rs20,000/month
 
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do we get instant discount offers on amazon and flipkart during sales on this new phone sbi credit card ?
Most likely no, as this is a cashback card.
If we take the Visa variant, then also we can get 10% cb on phonepe?
Yes, 💯
, Can we pay insurance bills/electricity bills via phone pe using cc option without additional fee ?
U can pay using cc option, but additional fee will be levied, for sure.
 
Most likely no, as this is a cashback card.

Yes, 💯

U can pay using cc option, but additional fee will be levied, for sure.
Hope for Rupay varaint we can pay directly via upi and no additional charges for utilities ?

It was mentioned 5 RP/ other online spends, like can it be used on amazon, flipkart grocery etc... ? this is like direct replacement of sbi cb till Rs20,000/month
 
My friend has applied for the SBI Cashback Card through CashKaro and has successfully completed the ₹1 debit and credit KYC verification. However, the application is currently pending due to difficulties in uploading the bank statement via Anumati Account Aggregator, stemming from a mismatch in the registered mobile number. Furthermore, the company name has been incorrectly listed as 'Others,' which necessitates correction by a Kolkata-based agent. To rectify this situation, the agent will likely require a manual upload of the 6-month bank statement.

Given the time-sensitive nature of this matter, I am inquiring whether directly contacting the Kolkata agent and providing the application number would expedite the process. As I already know, the Kolkata regional agent can make the necessary corrections, then fill out the application, e-sign it, and complete the process with an app code verification. I also want to mention that while the SBI Cashback Card cannot be applied for directly through an agent, applications submitted via the SBI Sprint portal may sometimes be approved automatically. In other cases, the application may enter manual mode, at which point an SBI-assigned agent from the backend will contact the applicant to make necessary changes and assist in completing the application process.

Additionally, from my previous experience filling out the form, I noticed that an agent code is required, which suggests that the agent handling the application will receive a commission. So, if I contact any of them directly, they may be more inclined to help because they'll also earn a commission. I'm concerned, however, that many applicants haven't received callbacks from the verification team, resulting in automatic application declines due to incompletion. Many people have mentioned that the verification team calls from an outgoing number, which can't be contacted back. However, during my another friend's experience, they received a call from the Kolkata regional office, and they were able to contact them back using the number they were called from, but unfortunately, I don't have that specific number saved now.

It's been more than 7 days since my friend applied, and despite contacting the customer care number, they only received a response that the application is in progress and that it will take up to 21 working days. Encouragingly, the tracker status is now showing that an SBI representative will contact shortly. If so, could anyone kindly provide the contact number for the local Kolkata verification team ..?
 
No, I didn't use space just enter first name except last alphabet, and you can't proceed even if you enter space.
Then I redirected to second step where pan number and dob to be enter. But after entering all details it shows same error as I shared above with ss.
Simply put "Mr" as the first name and your name as the last name. It should go through without any issue.
 
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