PhonePe HDFC Bank Ultimo Credit Card VS PhonePe SBI Card SELECT BLACK
Both PhonePe HDFC Bank Ultimo Credit Card and PhonePe SBI Card SELECT BLACK suit utilities-focused spenders, but they earn and cost differently. PhonePe HDFC Bank Ultimo Credit Card costs ₹999 + GST and earns up to 10% Reward Points on PhonePe categories; 5% on select online brands; 1% on Scan & Pay. 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. PhonePe HDFC Bank Ultimo Credit Card also brings 8 complimentary annual domestic lounge access, 2 per quarter, on ₹75,000 quarterly spend, while PhonePe SBI Card SELECT BLACK counters with enjoy 4 complimentary domestic lounge visits every year, with a maximum of 1 visit per quarter. If travel spending matters more, go with PhonePe HDFC Bank Ultimo Credit Card; if shopping is the priority, PhonePe SBI Card SELECT BLACK fits better.
Fees & Charges
Rewards & Benefits
Travel & Lifestyle
Security & Other
PhonePe HDFC Bank Ultimo Credit Card
PhonePe SBI Card SELECT BLACK
Who is it for?
Who is it for?
Pros
Key benefits and features.
High reward rates (up to 10%) on specific PhonePe categories and online brands.
Enjoy excellent cashback redemption value, where 1 Reward Point equals ₹1 against statement credit.
Benefit from 8 complimentary domestic airport lounge accesses annually, enhancing travel comfort.
Receive a 1% fuel surcharge waiver on transactions at petrol pumps across India.
Offers Zero Cost Card Liability, protecting against fraudulent transactions if reported promptly.
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.
Reward points are capped monthly for all high-earning categories.
Lounge access is conditional on a quarterly spend threshold (₹75,000).
Welcome benefits are conditional on the joining fee being applicable.
Annual fee waiver requires a significant annual spend (₹2,00,000).
Reward points on PhonePe PINCODE are time-limited (until 5th Dec’25).
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.