PhonePe SBI SELECT BLACK
MidSBI Card
Where it ranks · across all 71 cards
Devaluation history
- 2026-07-01 - Scan & Pay / UPI outside PhonePe earns nothing; insurance sub-capped 500 RP/month.
Reward rules
Points valued at ₹1/pt - conservative, what rankings use
Base rate - everything not covered below
1 pt / ₹100= 1 pts per ₹100
1.00%
conservative value
5 RP/₹100 on online spends (5% value)
5 pts / ₹100= 5 pts per ₹100
5.00%
conservative value
Source: PhonePe SELECT BLACK e-kit (bank PDF) · 2026-08-22
Via portals & vouchers - alternate methods (display, never rank)
- ✈ 10 RP/₹100 on PhonePe app: recharges, utilities, bills, travel (10% value)10.0%
- ✈ 10 RP/₹100 on insurance via PhonePe (separate sub-cap)10.0%
Milestones
₹5,00,000 / year
₹5,000 Yatra voucher
worth ≈ ₹5,000
Earns nothing on
- ⊘ Fuel earns nothing (bank T&C MCC list).5172554155425983bank MCC list→ use MakeMyTrip ICICI here (1.0%)
- ⊘ Wallet loads earn nothing (bank T&C MCC list).65406541bank MCC list→ use SC Ultimate here (3.3%)
- ⊘ Rent earns nothing (MCC 6513, bank T&C).6513bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Education earns nothing (bank T&C MCC list).821182418244824982998220bank MCC list→ use Axis Magnus for Burgundy here (10.5%)
- ⊘ Government spends earn nothing (bank T&C MCC list).93119399bank MCC list→ use PVR INOX Kotak here (3.0%)
- ⊘ Digital gaming earns nothing (bank T&C MCC list).581679937994bank MCC list→ use Axis Magnus for Burgundy here (10.5%)
- ⊘ Jewellery earns nothing (bank T&C MCC list).50945944bank MCC list→ use HDFC Infinia Metal here (3.3%)
- ⊘ Tolls earn nothing (MCC 4784, bank T&C).4784bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Fuel earns nothing (surcharge waiver only).
- ⊘ Rent earns nothing.
- ⊘ Wallet loads excluded.
- ⊘ EMI excluded.
- ⊘ Utilities & insurance OUTSIDE the PhonePe app earn nothing (MCC-excluded).490048144899bank MCC list→ use Airtel Axis Bank here (10.0%)
Plays with this card
- 🖤 PhonePe SELECT BLACK - the 2026 bill-payment engine
The community darling of 2026: 10 RP/₹100 on everything routed through the PhonePe app - bills, recharges, insurance, FASTag - capped at 2,000 RP/month. Even after PhonePe platform fees, net ~7-8.5% on utilities.
₹20,000 of bills → 2,000 RP ≈ ₹500... at ₹0.25/pt = ₹500 (2.5%) minus fees - but the 10RP tier is on gross so ~₹500-plus; community nets it at ~7-8.5% including the tier structure. Fee ₹1,499 offset by a ₹1,500 PhonePe voucher year one; waiver at ₹3L.