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Credit Cards · India

PhonePe SBI Card Purple

Updated 3 Jul 2026Source-linked

The PhonePe SBI Card Purple is a entry co-branded credit card from SBI Card and PhonePe, with a joining fee of ₹499 + GST.

It earns up to 3 pts per ₹100 (≈3.0% value) on PhonePe spends in the form of reward points (points).

Welcome benefit: PhonePe gift card worth Rs. 500..

SBI Card logo
PhonePe SBI Card Purple
RuPay logo
  • Joining Fee₹499
  • Annual Fee₹499
  • Best Suited ForCo-brand rewards
  • Reward TypeReward Points (points)
Rewards Rate
  • 3 pts per ₹100 on phonepe app spends
  • 2 pts per ₹100 on online spends
  • Base 1.00% on other spends
Welcome Benefits
  • PhonePe gift card worth Rs. 500.
SBI Card logoSBIRuPay logoentryCo-brand · PhonePe
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Rewards and Benefits

Rewards Rate
3 pts per ₹100 on phonepe app spends
2 pts per ₹100 on online spends
Base 1.00% on other spends.
Reward Redemption
1 Reward Point = Re. 1. Redeem against a wide array of vouchers.
Welcome Benefits
PhonePe gift card worth Rs. 500.
Milestone Rewards
  • ₹3,00,000 / annual: Yatra voucher worth Rs. 3,000 on annual spends of Rs. 3 lakhs.
Domestic Lounge Access
N/A
International Lounge Access
N/A
Travel
N/A
Movie & Dining
N/A
Golf
N/A
Insurance Benefits
N/A
Other Benefits
N/A

Fees & Charges

Spend-Based Waiver
₹1,00,000 in the preceding year
Rewards Redemption Fee
N/A
Foreign Currency Markup
3.50%
Interest Rates
3.75% per month (45.0% annualised)
Fuel Surcharge Waiver
1.0% waiver on transactions between ₹500 and ₹3,000, capped at ₹100 per statement.
Cash Advance Charges
N/A

Product Details

  • Co-branded entry card by SBI Card and PhonePe.
  • Joining / annual fee of ₹499 + GST, waived on annual spends of ₹1,00,000.
  • Available on the RuPay network.

Pros & Cons

Pros
  • Annual fee waivable on ₹1,00,000 spend.
  • Milestone-based bonus rewards on annual / quarterly spend thresholds.
  • Accelerated earn worth ≈3.0% on phonepe app spends.
Cons
  • Standard forex markup of 3.50% — suboptimal for international spend.
  • No complimentary airport lounge access.
Pros & cons are heuristically derived from the card's fees, rewards and benefits. Not editorial opinion.

₹500 welcome benefit

  • PhonePe gift card worth Rs. 500.
    Card issued

Accelerated rewards

  • 3 pts per ₹100 on phonepe app spends
    3 Reward Points per Rs. 100 on eligible PhonePe App spends.
  • 2 pts per ₹100 on online spends
    2 Reward Points per Rs. 100 on eligible online spends.

Milestone benefits

  • ₹3,00,000 / annual: Yatra voucher worth Rs. 3,000 on annual spends of Rs. 3 lakhs. (≈ ₹3,000 value)

Fuel surcharge waiver

1.0% waiver on fuel transactions between ₹500 and ₹3,000, capped at ₹100 per statement.

Sources

Last verified 3 Jul 2026. Verify with the issuer before applying.

Eligibility

Age
21–65
Credit score
700+
Income (salaried)
₹3,00,000 p.a.
Income (self-employed)
₹3,00,000 p.a.

Eligibility criteria not published on the product page.

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