PhonePe SBI Card Purple

Name: PhonePe SBI Card Purple
Brand: SBI Card
Price: 499 INR
Availability: InStock

Updated 5 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..

PhonePe SBI Card Purple

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 (cap 750 points / monthly)
2 pts per ₹100 on online spends
Base 1.00% on other spends

Welcome Benefits

PhonePe gift card worth Rs. 500.

Data verified 5 Jul 2026 — see our methodology

SBI

entryCo-brand · PhonePe

Calculate rewards + Compare Apply Now ↗

Rewards and Benefits

Rewards Rate

3 pts per ₹100 on phonepe app spends (cap 750 points / monthly)

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

See the math — accelerations & caps

What you'd realistically keep — caps applied, channel premiums cut when you don't route through them, realized redemption value.

Online shoppingGroceriesDining & food deliveryFuelTravel & hotelsUtilities & billsRentInternational / forex

Online shopping₹300/mo
You spend ₹15,000 · earns 2.0% = ₹300 uncapped
- Valued at realized redemption value

Base-rate spend

Non-accelerated spend, summarized at this card's base rate.

Groceries₹8,000 · 1.0% = ₹80/mo
Dining & food delivery₹8,000 · 1.0% = ₹80/mo
Fuel₹4,000 · 1.0% = ₹40/mo
Travel & hotels₹10,000 · 1.0% = ₹100/mo
Utilities & bills₹5,000 · 1.0% = ₹50/mo

Est.net rewards for this spend, realistic

₹7,800/yr

₹7,800 rewards − ₹0 annual fee. Estimate for the spend you entered.

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.

₹500 welcome benefit

PhonePe gift card worth Rs. 500.
Card issued

Accelerated rewards

3 pts per ₹100 on phonepe app spends (cap 750 points / monthly)
3 Reward Points per Rs. 100 on eligible PhonePe App spends. Accelerated PhonePe points (3 RP/₹100) hard-capped at 750 RP/calendar month (non-insurance) per the PhonePe SBI Card PURPLE Reward Program T&C; a tighter 250 RP/calendar-month sub-cap applies to insurance paid via PhonePe.
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

: www.sbicard.com · retrieved 3 Jul 2026

Last verified 5 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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