SwipeYield Review
A premium co-branded card that incentivizes digital payments and lifestyle spending within the PhonePe-SBI ecosystem.
Co-brandedDigital PaymentsLifestyle
PhonePe SBI Black Credit Card
By SBI Card
4.1SwipeYield Rating
Joining Fee₹1,499 + GST
Annual Fee₹1,499 + GST
Fee Waiver:
Milestone-based waiver (typically ₹3-5 Lakh spend)
🎁
Reward TypeReward Points
🌐
NetworkVisa, RuPay
Rewards
Base
~1% on general spends
Accelerated
₹5,000 Yatra Voucher on ₹5L spend; High rewards on PhonePe app spends
Lounge Access
4 complimentary domestic airport lounge visits per year
Pros
- Integration with India's leading payment app
- Strong welcome benefits (₹1,500 Gift Card)
Cons
- Reward structure is complex
- Benefits are largely tied to specific partner brands
Eligibility
- Existing PhonePe user
- Age 21-70
- Stable employment