SBICard at present has two of the perfect cashback bank cards in India: SBI Cashback Credit score Card and PhonePe Choose Black Credit score Card. Each playing cards credit score the eligible cashback on to your account after the assertion is generated, making them straightforward to make use of with out sophisticated reward redemption.
If you happen to’re questioning which one to go for, right here’s an in depth comparability.
Comparability of Advantages
| Characteristic | SBI Cashback | PhonePe Choose Black |
|---|---|---|
| Becoming a member of Price | 999 INR +GST | 1,499 INR +GST |
| Annual Price Waiver | 2 Lakhs (Annual Spend) |
3 Lakhs (Annual Spend) |
| On-line Rewards | 5% cashback on on-line spends (upto 1L INR/m) |
5% cashback on on-line spends (upto 40,000 INR/m) |
| PhonePe Rewards | – | 10% cashback on PhonePe Spends (upto 20,000 INR/m) |
| Offline Rewards | 1% cashback | 1% cashback |
| UPI Rewards | – | 1% cashback |
| Milestone Profit | – | 5,000 INR Voucher (on 5L Annual Spend) |
| Lounge Entry (Home) |
No | Sure (1/Quarter, no spend situation) |
| Greatest For | Heavy internet buyers | On-line + PhonePe + Utility Payments + UPI Spends |
| Community | Visa / Mastercard | RuPay (UPI-linked) |
| Apply | Apply Now | on PhonePe App |
The SBI Cashback Credit score Card is good in case your main use case is on-line buying exterior of PhonePe. With a flat 5% cashback (capped at ₹1 lakh spend per thirty days), it continues to be one of the crucial rewarding cashback playing cards in India.
Alternatively, the PhonePe Choose Black Credit score Card is a extra well-rounded choice. It not solely offers 5% cashback on on-line transactions but additionally covers UPI, offline spends, and utility funds. The massive plus is 10% cashback on PhonePe spends, making it extraordinarily rewarding for customers deeply built-in with the PhonePe ecosystem.
One other sturdy edge is complimentary home lounge entry (1 per quarter), which SBI Cashback provided initially however then revoked not too long ago.
Observe that PhonePe card can as effectively be utilized on-line here however the approval charge is low in the meanwhile.
In a Nutshell
You possibly can consider the PhonePe Choose Black Credit score Card as a mix of SBI Cashback and Tata Neu Infinity Credit score Card, rolled into one. It offers the pliability of UPI-linked spends (by RuPay), PhonePe-linked rewards, and way of life perks like lounge entry.
The one disadvantage is that it’s a newly launched card, so approvals are nonetheless a bit inconsistent. PhonePe can also be rolling out functions in batches, making it obtainable solely to pick out customers on the app for now.
That mentioned, in case your aim is simple high-value cashback on massive on-line spends, the SBI Cashback Credit score Card (Apply here) stays because the king of cashback bank cards.
