PhonePe SBI Card SELECT BLACK

Documents Required for PhonePe SBI Card SELECT BLACK

Applying for the PhonePe SBI Card SELECT BLACK would require several documents listed below:

1. Proof of Identity: PAN Card or Aadhaar Card. 
2. Proof of Address: Aadhaar Card or Passport or Driving License or Utility bills (e.g., electricity, phone bill). 
3. Proof of Income: Latest salary slips (for salaried individuals), Bank account statements or Income Tax Returns (ITR). 
4. Recent passport-size photographs are also needed. The bank may request additional documents based on your professional profile and other eligibility criteria.

How to Apply for SBI Credit Cards - SELECT BLACK? 

Follow the following steps to apply for the PhonePe SBI Card SELECT BLACK: 

1. Check Eligibility on the PhonePe App: The first step is to check if you have the option to apply for the card directly within the PhonePe app as the card is being made available to eligible PhonePe users in phases. 
2. Start Applying: If you are eligible, the application process is easy to follow and integrated into the app. Access the online application form. 
3. Fill in the Details: Fill in your personal details, such as name, date of birth, and contact information along with professional details, including your occupation and income. 
4. Complete eKYC: The application process involves completing a digital Know Your Customer (eKYC) verification with SBI Card. This often involves a video KYC where you will need to have your original PAN card handy. 
5. Digital E-Sign: Post eKYC is completed, you may be asked to digitally e-sign your application documents. This is typically done with a one-time password (OTP) sent to your registered mobile number, linked to your Aadhaar. The application is then submitted for review by SBI Card. The entire process is designed to be quick and paperless, with decisions often being made instantly or within a short period.

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Fees and Charges of PhonePe SBI Card Black

The fees and charges of the PhonePe SBI Card Black are as follows: 

Parameter	Fees
Annual Fee	Rs.1,499 plus taxes
Renewal Fee	Rs.1,499 plus taxes
Add-on Card Fee	Nil

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FAQs on PhonePe SBI Card SELECT BLACK

• How do I earn reward points with the PhonePe SBI Card SELECT BLACK?

  You earn 10 reward points for every Rs.100 spent on eligible PhonePe and Pincode transactions. You get 5 reward points for every Rs.100 spent on other online purchases, and 1 reward point for every Rs.100 on all other eligible spends, including UPI Scan & Pay transactions. 

• What is the annual fee for this card and how can I get it waived?

  The annual fee is Rs.1,499. The fee for the subsequent year is waived if your annual retail spends in the previous year reach Rs.3 lakhs or more.

• Does the card offer complimentary lounge access?

  Yes, the card provides four complimentary visits to domestic airport lounges per year, with a maximum of one visit per quarter. It also comes with a complimentary 2-year Priority Pass membership for international lounge access. 

• How can I redeem my reward points?

  Each reward point is valued at Re.1. You can redeem them as a statement of credit to reduce your outstanding balance or exchange them for gift vouchers on the SBI Card Rewards portal. A minimum of 500 reward points is required for redemption. 

• What is the welcome benefit for this credit card?

  Upon paying the annual fee of Rs.1,499, you receive a PhonePe gift voucher worth Rs.1,500 after your first credit card bill payment. 

• Do I get reward points on utility and insurance spends outside the PhonePe app?

  Yes, you can earn 1% value-back as rewards on utility and insurance payments made outside of the PhonePe app, with a cap of 2,000 points per month. 

• Are the reward points on offline spending capped?

  Yes, the 1% reward points on offline spends are capped at 2,000 points per month. 

• Does this card offer international lounge benefits?

  The card provides a complimentary Priority Pass membership for the first two years, but it does not offer complimentary access to international airport lounges.