Saifu
Saifu
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CheQ AU vs PhonePe SBI Card SELECT BLACK

Reviewed by Chandan Kumar Dash

CheQ AU has the lower annual fee (Free against ₹1,499). CheQ AU has no spend waiver; PhonePe SBI Card SELECT BLACK waives its fee on ₹3,00,000 of spend a year. For spends abroad, CheQ AU charges the lower forex markup (3.49% plus GST). Which one earns more depends on where you spend. The Saifu app works it out on your own spends, on your phone.

FeatureCheQ AUAU Small Finance3 wins · aheadPhonePe SBI Card SELECT BLACKSBI Card1 win
Annual feeLowerFree₹1,499
Joining feeLowerFree₹1,499
Fee waiverNo fee to waiveWaived on ₹3,00,000 spend a year
Rewards12% rewards on favourite brands, 5% on favourite categories, 2.5% on CheQ UPI, 1% CheQ points on every transaction10 Reward Points per Rs. 100 on PhonePe spends, 5 on online spends
Airport loungesNone listedMore4 a year domestic
Forex markupLower3.49% plus GST3.5% plus GST
PointsCheQ Points, about ₹0.5 a pointReward Points, about ₹1 a point
Published minimum income and ageage 21 to 65Not published
NetworkVisa / RuPayRuPay
ApplyBank pageBank page

Badges mark the lower fee, waiver spend or markup, and more lounge visits. Rewards are not scored here because they depend on where you spend. Affiliate link, costs you nothing extra, we may earn a commission, never changes how cards are ranked. Figures come from each bank's page and can change; check before you apply.

Common questions

Which has the lower annual fee?

CheQ AU (Free against ₹1,499). PhonePe SBI Card SELECT BLACK waives it on ₹3,00,000 of spend a year.

Add a third cardCheQ AUPhonePe SBI Card SELECT BLACK

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