India, Aug. 9 -- Introduction Most credit cards, like SBI Cashback, exclude rewards on insurance and utility bills. Enter PhonePe SBI SELECT BLACK-a new co-branded card offering 10% reward points on such spends via the PhonePe app. This article compares both cards to help you maximize value on essential and online expenses.

Quick Comparison PhonePe SBI Card SELECT BLACK

10% reward points on PhonePe app spends (utilities, insurance, recharges, Pincode, etc.) 5% on 1,000+ online merchants 1% on all other eligible spends Monthly caps: 2,000 (10% tier), 2,000 (5%), 500 (1%) Annual fee: rs 1,499 Waived with high annual spend rs 1,500 welcome voucher offsets the fee Lifetime free variants available (as of Aug 2025) SBI Cashback Card SBI Cashb...