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Axis Bank Cashback Credit Card VS PhonePe SBI Card SELECT BLACK

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.
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Last updated: 17 July 2026

Both PhonePe SBI Card SELECT BLACK and Axis Bank Cashback Credit Card suit shopping-focused spenders, but they earn and cost differently. PhonePe SBI Card SELECT BLACK costs ₹1,499 + GST and earns 10 Reward Points per ₹100 on eligible PhonePe spends, 5 Reward Points per ₹100 on eligible online spends, and 1 Reward Point per ₹100 on all other spends. Axis Bank Cashback Credit Card costs ₹1,000 + GST and earns up to 7% cashback on online spends; unlimited 0.75% on offline & travel; 0.5% on utilities. PhonePe SBI Card SELECT BLACK also brings enjoy 4 complimentary domestic lounge visits every year, with a maximum of 1 visit per quarter, while Axis Bank Cashback Credit Card counters with enjoy 5,000 EDGE Reward Points worth ₹1,000 upon making the first transaction within 30 days. Weigh the fee against the reward rate above to see which fits your spending pattern better.

Axis Bank Cashback Credit Card
Axis Bank Cashback Credit Card
PhonePe SBI Card SELECT BLACK
PhonePe SBI Card SELECT BLACK

Fees & Charges

Joining Fee₹1,000 + GST
Joining Fee₹1,499 + GST
Renewal Fee₹1,000 + GST
Renewal Fee₹1,499 + GST
Spend Based WaiverAnnual fee waiver on spends of ₹4,00,000 and above in an anniversary year.
Spend Based WaiverAnnual Fee reversal on spends of ₹3 lakh or more in the previous membership year.
Foreign Transaction Fees3.50% of the transaction value
Foreign Transaction Fees
Interest Rate (APR)3.75% per month (55.55% Annual)
Interest Rate (APR)

Rewards & Benefits

Welcome BonusEnjoy 5,000 EDGE Reward Points worth ₹1,000 upon making the first transaction within 30 days.
Welcome BonusReceive a PhonePe e-Gift Card worth ₹1,500 upon joining.
Rewards RateUp to 7% cashback on online spends; unlimited 0.75% on offline & travel; 0.5% on utilities.
Rewards RateEarn 10 Reward Points per ₹100 on eligible PhonePe spends, 5 Reward Points per ₹100 on eligible online spends, and 1 Reward Point per ₹100 on all other spends.
Reward TypeCashback
Reward TypeReward Points
Reward Redemption Fee
Reward Redemption Fee

Travel & Lifestyle

Domestic Lounge Access
Domestic Lounge AccessEnjoy 4 complimentary domestic lounge visits every year, with a maximum of 1 visit per quarter.
International Lounge Access
International Lounge AccessComplimentary membership to the Priority Pass Program worth $99 for the first two years.
Travel BenefitsUnlimited 0.75% cashback on travel-related spends.
Travel BenefitsGet a Yatra e-Voucher worth ₹5,000 on achieving annual spends of ₹5 lakhs.
Movie Benefits
Movie Benefits
Dining BenefitsInstant discount of 25% up to ₹800 on EazyDiner once every month.
Dining Benefits
Golf Benefits
Golf Benefits
Fuel Surcharge Waiver1% of transaction amount (refund not applicable). No fuel surcharge waiver.
Fuel Surcharge WaiverEnjoy a 1% fuel surcharge waiver on every transaction between ₹500 and ₹4,000 at all petrol pumps across India, with a maximum waiver of ₹250 per statement cycle.

Security & Other

Insurance Benefits
Insurance Benefits
Cash Advance Charges2.5% of the cash amount (Minimum ₹500)
Cash Advance Charges
Apply Now(opens in new tab)
Apply Now(opens in new tab)
Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

Axis Bank Cashback Credit Card

PhonePe SBI Card SELECT BLACK

Who is it for?

The Axis Bank Cashback Credit Card is a mid-range offering designed for individuals who prioritize straightforward cashback benefits, especially on online and everyday spending. It provides up to 7% cashback on online transactions and an unlimited 0.75% on offline and travel expenditures. With automatic cashback redemption and flexible eligibility, it's a hassle-free option for savvy shoppers looking to maximize savings.

Who is it for?

The PhonePe SBI Card SELECT BLACK is tailored for individuals who frequently use PhonePe and make online purchases, offering a high reward rate of 10X on PhonePe spends, valuable milestone benefits, and complimentary domestic and international lounge access.

Pros

Key benefits and features.

Offers unlimited 0.75% cashback on all offline and travel spending.

Provides high cashback rates of up to 7% on online purchases.

Flexible eligibility criteria make this card accessible to many applicants.

Automatic cashback redemption process simplifies rewards management.

Pros

Key benefits and features.

Earn a high reward rate of 10 Reward Points per ₹100 on eligible PhonePe spends.

Receive a valuable PhonePe e-Gift Card worth ₹1,500 as a welcome benefit.

Benefit from a significant Yatra e-Voucher worth ₹5,000 on annual spends of ₹5 lakhs.

Enjoy comprehensive lounge access with 4 complimentary domestic visits and Priority Pass international membership for two years.

The annual fee can be reversed on achieving a reasonable spend threshold of ₹3 lakhs.

Cons

Key drawbacks and limitations.

The card does not offer a fuel surcharge waiver.

The spend threshold for the annual fee waiver is set quite high at ₹4 lakh.

Lacks premium features like complimentary airport lounge access or golf benefits.

Various transaction fees apply for rent, wallet load, fuel, education, and utilities.

Cons

Key drawbacks and limitations.

The complimentary international lounge access (Priority Pass) is limited to the first two years.

The annual fee is not waived for the first year, only reversed from the second year onwards.

No specific benefits are mentioned for dining, movies, or golf, which might be a drawback for some users.

Reward points are earned on "eligible" spends, implying certain exclusions may apply.

The reward redemption value is fixed at 1 RP = Re. 1, which may offer less flexibility compared to other cards.

How We Compare These Cards

Every comparison on CardsForYou is built from the same verified data set we use across the site - joining and renewal fees, reward rates, forex markup, lounge access, and insurance benefits - sourced directly from each issuer and refreshed regularly. We highlight the lower-cost option on fees automatically, but "best" always depends on your own spending pattern: a card that wins on annual fee may lose on reward rate for a heavy spender, and vice versa. Use the table above alongside your own typical monthly spend to judge real value, not just the headline numbers.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.
Apply for Axis Bank Cashback Credit Card(opens in new tab)Apply for PhonePe SBI Card SELECT BLACK(opens in new tab)