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ICICI Platinum Chip vs PhonePe SBI Card SELECT BLACK

Honest side-by-side comparison of ICICI Platinum Chip, PhonePe SBI Card SELECT BLACK — annual fees, reward rates, income eligibility, and estimated net annual value on the same spend profile.

Same spend profile for all cards. How we calculate net annual value

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Spend assumptions

All cards use the same monthly spend profile. Saved spends from the quiz or a card page load automatically.

ICICI Platinum Chip

ICICI Bank

PhonePe SBI Card SELECT BLACK

SBI Card

Your adjusted comparison

Feature
ICICI Platinum Chip credit card

ICICI Platinum Chip

ICICI Bank

PhonePe SBI Card SELECT BLACK credit card

PhonePe SBI Card SELECT BLACK

SBI Card

Fees & eligibility
Annual feeLifetime free₹1,499
Fee waiver thresholdLifetime freeWaived at ₹3,00,000/yr spend
Min income₹18,000/mo₹25,000/mo
Secured / FD-backedStandardStandard
Rewards
Net annual value (moderate)-₹36/yr₹7,350/yr
Online shopping—₹8,000 × 5% = ₹400/mo (₹4,800/yr) · issuer max ₹1,000/mo
Utilities & bills—₹1,225 × 10% = ₹122.50/mo (₹1,470/yr) · issuer max ₹1,500/mo
Top reward rate1 RP/₹15010%
Primary reward capNo monthly cap published₹1,500 rewards/mo cap
Perks & restrictions
Lounge accessNone4 domestic airport lounge visits per year · No minimum spend required for lounge access
UPI rewardsNot supported (Visa/MC)Earns: 10% on PhonePe app spends (3% base on other UPI apps) · cap 500 pts/mo insurance + 1,500 pts/mo other PhonePe spends
Key exclusionsEMI · FuelFuel · Wallet top-ups · Rent · EMI · Cash advance
Bonuses
Signup bonus—₹1,500

Stack mode (hold both)

Cap-aware split: ~₹10,080/yr combined NAV (₹2,730 vs best solo). Both annual fees apply.

ICICI Platinum Chip details →PhonePe SBI Card SELECT BLACK details →

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Reference summary

At a glance (moderate spend)

Quick verdict: On moderate spend, PhonePe SBI Card SELECT BLACK leads ICICI Platinum Chip by about ₹7,386/yr in estimated net value.

Spend assumptions for this table

Moderate user spend profile · ₹31,000/mo

₹31,000/month total spend — typical India user

Online ₹8,000 · Groceries ₹5,000 · Other ₹4,000 · Dining ₹3,500 · Bills ₹3,500

ICICI Platinum Chip vs PhonePe SBI Card SELECT BLACK comparison table
FeatureICICI Platinum Chip

ICICI Bank

PhonePe SBI Card SELECT BLACK

SBI Card

Fees & eligibility
Annual feeLifetime free₹1,499
Fee waiver thresholdLifetime freeWaived at ₹3,00,000/yr spend
Min income₹18,000/mo₹25,000/mo
Secured / FD-backedStandardStandard
Rewards
Net annual value (moderate)-₹36/yr₹7,350/yr
Online shopping—₹8,000 × 5% = ₹400/mo (₹4,800/yr) · issuer max ₹1,000/mo
Utilities & bills—₹1,225 × 10% = ₹122.50/mo (₹1,470/yr) · issuer max ₹1,500/mo
Top reward rate1 RP/₹15010%
Primary reward capNo monthly cap published₹1,500 rewards/mo cap
Perks & restrictions
Lounge accessNone4 domestic airport lounge visits per year · No minimum spend required for lounge access
UPI rewardsNot supported (Visa/MC)Earns: 10% on PhonePe app spends (3% base on other UPI apps) · cap 500 pts/mo insurance + 1,500 pts/mo other PhonePe spends
Key exclusionsEMI · FuelFuel · Wallet top-ups · Rent · EMI · Cash advance
Bonuses
Signup bonus—₹1,500

Frequently asked questions

Which card has the lower annual fee?
ICICI Platinum Chip has a ₹0 annual fee (lifetime free or zero-fee tier).
Which card earns more on moderate spend?
PhonePe SBI Card SELECT BLACK leads with an estimated ₹7,350/yr net annual value on moderate spend.
Which card has the lower income requirement?
ICICI Platinum Chip lists a minimum monthly income of ₹18,000.
Does this comparison pull my credit score?
No. CardHungry estimates net value from public fee and reward rules only — no bureau check.

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