Cardfare / What changed / PhonePe SBI cards get lower reward caps and more exclusions
PhonePe SBI cards get lower reward caps and more exclusions
On PhonePe SBI SELECT BLACK, online-spend rewards are capped at 1,000 points a month (from 2,000), and PhonePe-app rewards are split into 500 points for insurance and 1,500 for other spends. Tolls, jewellery, education and non-PhonePe utility, insurance and UPI spends stop earning; the PURPLE card was revised on the same date.
Source
In addition to existing exclusions, Reward Points will not accrue in the following categories and spends:
SBI Card – PhonePe SELECT BLACK revision notice
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