#1₹6,300/yr
811 Dream Different Credit Card
5% · UPI & RuPay
Best net value on this list — about ₹6,300/yr in your pocket after fees on typical spends.
Loading…
UPI & RuPay·SBI Card
Premium PhonePe co-brand — 10% on app spends and 5% online. Jul 2026 caps tightened; best under monthly ceilings.
Age 21–60 · From ₹25,000/mo income · Unsecured
Key Benefits
All 14 benefits →PhonePe app spends
10%
500 insurance + 1,500 other pts/mo (Jul 2026)
Online spends
5%
1,000 pts/mo (Jul 2026)
Other spends
1%
Incl. UPI on other apps at base rate
Redemption
₹1/point
Statement credit or gift vouchers
Signup bonus: ₹1,500 (year 1)
Zero sales calls. Ever.
Caps & exclusions verified · 2026-06-12
On the bank's site: You'll apply on the bank's website. They may ask for contact details and follow up on your application.
We earn commission if approved — at no cost to you.
Issuer updates and CardHungry deep-dives that affect this card.
11 Jul 2026
PhonePe SBI Card Rewards Cut From July 2026: What You Actually Lose (With Numbers)
The earn rates are the same. The monthly caps are not — and heavy online or insurance spenders lose the most.
11 Jul 2026
RuPay Credit on UPI: Which Cards Actually Earn (2026 Honest Table)
UPI convenience is not the same as rewards. Most “best cashback” cards cannot even link for UPI credit — and ACE’s GPay 5% is not merchant QR.
Rewards, lounge rules, fee perks, and extras — sourced from public issuer information.
Source: PhonePe SBI SELECT BLACK T&Cs (revised Jul 2026)
Earn on UPI credit payments via RuPay-linked cards
RuPay variant — accelerated rewards on PhonePe app UPI/bill pay only. GPay/Paytm UPI scans earn 1% base. Jul 2026 monthly caps apply.
UPI credit uses RuPay-linked cards on apps like GPay, PhonePe, and Paytm. Rates and exclusions follow issuer MITC — verify before relying on UPI for rewards.
Source: PhonePe SBI SELECT BLACK T&Cs (revised Jul 2026)
PhonePe app spends
ChangedWas 2,000 combined See what changed
10%
Cap: 500 insurance + 1,500 other pts/mo (Jul 2026)
Example: ₹10,000/mo spend → ≈ ₹1,000/mo
Online spends
ChangedHalved from 2,000 pts/mo See what changed
5%
Cap: 1,000 pts/mo (Jul 2026)
Example: ₹10,000/mo spend → ≈ ₹500/mo
Other spends
Incl. UPI on other apps at base rate
1%
Example: ₹10,000/mo spend → ≈ ₹100/mo
Redemption
Statement credit or gift vouchers
₹1/point
Domestic lounge
Select Black only
4 visits/year
Fee waiver at
₹3,00,000 annual spend
Lounge access
4 domestic airport lounge visits per year
Spend criteria: No minimum spend required for lounge access
Based on moderate spend for this market
Est. net annual
₹7,350
per year
Annual fee
Free
per year
Effective return
2.0%
of spend
Rewards minus annual fee on your spend profile
Annual fee ₹1,499 · Forex 3.5% on international transactions — tap for full fees
Joining fee
Charged in first year
₹1,499
Annual / renewal fee
Waived on ₹3,00,000 annual spend
₹1,499
Forex markup
3.5% on international transactions
Finance charges
≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid
Late payment fee
₹400–₹1,300 depending on statement balance — always pay on time
Reward redemption fee
Usually ₹0 for cashback cards; points cards may have ₹99+ redemption fee
Example: moderate user · Steady year
Signup bonus is excluded here — switch to Year 1 on the hero or open the calculator for first-year value.
Formulas and assumptions: How we calculate NAV
21–60 years · ₹25,000/mo — tap for full criteria
Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.
At moderate spend (₹31,000/mo), gross rewards are about ₹7,770/year. After the ₹1,499 annual fee, net value is approximately ₹7,350/year. Use the calculator above to model your own spends.
₹25,000/month for salaried applicants (indicative — bank decides).
Fuel, Wallet top-ups, Rent, EMI transactions, Cash advance, Tolls & bridges, Jewellery, School & college fees, Gift cards, Bill pay outside PhonePe app, UPI scans outside PhonePe app (no accelerated earn).
Deeper rankings and comparisons for similar use cases.
811 Dream Different Credit Card
5% · UPI & RuPay
Best net value on this list — about ₹6,300/yr in your pocket after fees on typical spends.
PhonePe SBI Card PURPLE
3% · UPI & RuPay
Strong runner-up at ₹3,441/yr net — roughly ₹2,859 behind #1 on the same spend mix.
Tata Neu Plus HDFC Bank Credit Card
5% NeuCoins · UPI & RuPay
Worth a look — ₹2,700/yr net, still ahead of 0 other eligible cards.
Approval estimate based on public eligibility criteria. Indicative only. Not a guarantee of approval.
