CheQ AU Credit Card VS PhonePe SBI Card SELECT BLACK
Both CheQ AU Credit Card and PhonePe SBI Card Select Black suit different spenders, but they earn and cost differently. CheQ AU Credit Card is lifetime-free and earns up to 12 percent on select brands; 5 percent on other online spends; 2.5 percent on CheQ UPI; 1 percent on all other transactions. PhonePe SBI Card Select Black costs Rs 1,499 + GST and earns 10 Reward Points per Rs 100 on PhonePe, 5 on dining/entertainment and 2 on other spends with lounge access. CheQ AU Credit Card also brings Indias first LED card with dual Visa + RuPay issuance, while PhonePe SBI Card Select Black counters with its own niche benefits. Compare the fee and reward differences above against your priority spend category - shopping, dining, fuel, or travel - to pick the right fit.
Fees & Charges
Rewards & Benefits
Travel & Lifestyle
Security & Other
CheQ AU Credit Card
PhonePe SBI Card SELECT BLACK
Who is it for?
Who is it for?
Pros
Key benefits and features.
India's first LED-enabled credit card offers a unique and visually engaging payment experience.
High reward rates up to 12% on popular brands and categories like shopping, travel, and utilities.
Lifetime free for the standard variant, making it an attractive option with no annual fees.
Receive both a Visa (LED) and RuPay card with a single application, offering great versatility.
Uncapped base rewards ensure continuous earning even after reaching accelerated rewards limits.
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.
Accelerated rewards are capped at 12,000 CheQ points per month, limiting high spenders.
Rewards are not applicable on several categories like fuel, education, gold, and rent payments.
Optional LED card incurs a one-time issuance fee of ₹999 + GST, which is an additional cost.
Interest rate on revolving credit is high at 3.75% per month (45% per annum), typical of the category.
No domestic or international airport lounge access on this card.
Applications for the LED card open only from April 28, 2026, indicating a future availability.
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.