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CARD VS CARD · 28 APPS COMPARED

PhonePe Ultimo vs PhonePe SBI Black

PhonePe Ultimo wins on 0 apps, PhonePe SBI Black on 20.

PhonePe HDFC Bank Ultimo Credit Card

PhonePe Ultimo

0 apps

Doesn’t win any app

₹999 a yearFee waived at ₹2,00,000 spendPaid as Reward Points
PhonePe SBI Card SELECT BLACK

PhonePe SBI Black

20 apps

Best for Apollo 24|7, BigBasket and Blinkit

₹1,499 a yearPaid as Reward Points

They earn the same on 8 apps.

App by app

Biggest differences first. Blue marks the card that earns more.

AppPhonePe UltimoPhonePe SBI Black
  1. Apollo 24|70%5%min ₹100
  2. BigBasket0%5%min ₹100
  3. Blinkit0%5%min ₹100
  4. BookMyShow0%5%min ₹100
  5. Cleartrip0%5%min ₹100
  6. District0%5%min ₹100
  7. Domino's0%5%min ₹100
  8. Goibibo0%5%min ₹100
  9. ixigo0%5%min ₹100
  10. JioMart0%5%min ₹100
  11. MakeMyTrip0%5%min ₹100
  12. Meesho0%5%min ₹100
  13. Nykaa0%5%min ₹100
  14. PVR INOX0%5%min ₹100
  15. Reliance Digital0%5%min ₹100
  16. Swiggy Instamart0%5%min ₹100
  17. Tata CLiQ0%5%min ₹100
  18. Tata Neu0%5%min ₹100
  19. Zepto0%5%min ₹100
  20. IRCTC Rail Connect0%3.82%min ₹100
  21. Airtel Thanks0%0%
  22. AJIO5%5%min ₹100
  23. Amazon5%5%min ₹100
  24. Flipkart5%5%min ₹100
  25. Myntra5%5%min ₹100
  26. Swiggy5%5%min ₹100
  27. Uber5%5%min ₹100
  28. Zomato5%5%min ₹100

Questions people ask

Which is better, PhonePe Ultimo or PhonePe SBI Black?

PhonePe Ultimo earns more on 0 of the 28 apps Pickkard covers, PhonePe SBI Black on 20, and they earn the same on 8. Choose PhonePe SBI Black if you spend most on Apollo 24|7, BigBasket and Blinkit. PhonePe Ultimo has the lower annual fee (₹999 against ₹1,499).

Which has the lower fees, PhonePe Ultimo or PhonePe SBI Black?

PhonePe Ultimo: joining ₹999, annual ₹999 (Annual fee waived after ₹2,00,000 of spend in the previous year (cash advances, card fees and charges and EMI spends don't count).). PhonePe SBI Black: joining ₹1,499, annual ₹1,499 (Renewal fee reversed on annual retail spends of ₹3 lakh in the previous year.).

Can I use both PhonePe Ultimo and PhonePe SBI Black?

Yes. Many people keep both and use each where it earns more: PhonePe Ultimo on the apps marked above, PhonePe SBI Black on Apollo 24|7, BigBasket and Blinkit. Pickkard tells you which one to use each time you open a shopping app.

Rewards are as per each bank’s published terms (checked 21 Oct 2026 and 22 Oct 2026) and can change. Limits and minimum orders apply; see each card’s page for details. Pickkard isn’t a bank and isn’t paid by any bank for comparisons.