PhonePe has become one of the most popular payment apps in India, making everyday transactions quick and easy. To offer more benefits to its users, PhonePe has partnered with leading banks to launch co-branded credit cards. Two such options are the PhonePe HDFC Uno Credit Card and the PhonePe SBI PURPLE Credit Card.
While both cards offer rewards on everyday spending and exclusive benefits within PhonePe, there are some notable differences between them. The PhonePe HDFC Bank Uno Credit Card and the PhonePe SBI PURPLE Credit Card have the same joining and annual fee of ₹499. However, their rewards and benefits are structured differently.
If you’re confused about which one is the better choice, this comparison will help you understand how these cards differ and which one suits your needs best.
In Terms of Fees and Welcome Benefits
When comparing the joining fee and welcome benefits, both the PhonePe HDFC Bank UNO Credit Card and the PhonePe SBI PURPLE Credit Card have the same joining fee of ₹499 + GST.
However, their welcome benefits are slightly different. The PhonePe HDFC Bank UNO Credit Card gives back the entire joining fee in the form of PhonePe gift cards worth ₹249 as a gift card after the first RuPay UPI transaction, and the remaining amount through 10 gift cards of ₹25 each on subsequent UPI transactions.
On the other hand, the PhonePe SBI PURPLE Credit Card offers a simpler welcome benefit, providing a ₹500 PhonePe Gift Voucher after the joining fee is paid. While both cards effectively compensate for the joining fee, the SBI PURPLE card offers the benefit in a single voucher, whereas the HDFC UNO card requires multiple UPI transactions to unlock the full value.
In Terms of Reward Structure
The reward structures of the PhonePe SBI PURPLE Credit Card and the PhonePe HDFC Bank Uno Credit Card are quite different. The SBI PURPLE Credit Card offers 3 Reward Points per ₹100 spent on eligible PhonePe transactions such as recharges, bill payments, insurance, travel, and Pincode purchases, 2 Reward Points per ₹100 on eligible online spends, and 1 Reward Point per ₹100 on all other spends, including Scan and Pay transactions. Each reward category is capped at 1,000 Reward Points per month.
In comparison, the HDFC Bank Uno Credit Card offers 2% Reward Points on PhonePe recharges, bill payments, travel bookings, and Pincode purchases, with a cap of 500 Reward Points per month, and 1% Reward Points on spends at select partner brands such as Amazon, Flipkart, Myntra, Ajio, Uber, Swiggy, and Zomato, also capped at 500 Reward Points per month. It additionally offers 1% rewards on all Scan and Pay transactions. In terms of redemption, both cards offer a value of 1 Reward Point = ₹1 when redeemed as cashback. However, the HDFC Uno Card provides more flexibility by allowing redemption for cashback, SmartBuy products, or airmiles, although the value drops to ₹0.30 per point for non-cashback redemptions.
The PhonePe SBI PURPLE Credit Card is a better choice for users with higher spending volumes because of its higher monthly reward caps, while the PhonePe HDFC Bank Uno Credit Card is more suitable for those who prefer a simple cashback-focused rewards program.
| Feature | PhonePe SBI PURPLE | PhonePe HDFC Bank Uno |
| Rewards on PhonePe Transactions | 3 Reward Points Per ₹100, Capped at 1,000 Reward Points Per Month | 2% Reward Points Capped at 500 Reward Points Per Month |
| Rewards for Online Spending | 2 Reward Points Per ₹100 on Eligible Online Spends, Capped at 1,000 Reward Points Per Month | 1% Reward Points on Amazon, Flipkart, Myntra, Ajio, Uber, Swiggy, and Zomato Spends Capped at 500 Reward Points Per Month |
| Rewards on Other Spends | 1 Reward Point Per ₹100 on All Other Spends, Capped at 1,000 Reward Points Per Month | 1% Reward Points on All Scan and Pay Transactions |
| Utility & Insurance Spends Outside PhonePe | 1 Reward Point Per ₹100, Capped at 250 Reward Points Per Month | N/A |
| Redemption Value | 1 Reward Point = ₹1 | 1 Reward Point = ₹1 for Cashbck
1 Reward Point = ₹0.30 For All Other Categories |
Exclusions from Rewards Earning
The following transactions shall not earn any Reward Points:
| PhonePe SBI PURPLE | PhonePe HDFC Bank Uno |
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In Terms of Milestone Benefits
Both cards waive the renewal fee if cardholders spend ₹1 lakh in a year. However, the SBI PURPLE Credit Card offers more by giving an extra Yatra voucher worth ₹3,000 if users spend ₹3 lakh annually. This means users effectively get an extra 1% back on their spending, making it a great option for frequent spenders. In comparison, the PhonePe HDFC Bank Uno Credit Card only provides a renewal fee waiver and does not offer extra rewards for higher spending. Therefore, for users who spend a lot on their credit card and can reach the ₹3 lakh annual spend, the PhonePe SBI PURPLE Credit Card is the better choice because of its added travel voucher benefit.
| Milestone Benefit | PhonePe SBI PURPLE Credit Card | PhonePe HDFC Bank Uno Credit Card |
| Annual Spend of ₹1 Lakh | Renewal Fee Waiver | Renewal Fee Waiver |
| Annual Spend of ₹3 Lakh | Yatra Voucher Worth ₹3,000 | N/A |
Bottom Line
If you’re a regular PhonePe user, the PhonePe SBI PURPLE Credit Card is the card that gives you more for every rupee you spend. With higher reward-earning caps, a simple 1:1 reward redemption value, a ₹500 welcome voucher, and an additional ₹3,000 Yatra voucher on annual spends of ₹3 lakh, it maximizes your savings and rewards throughout the year.
The PhonePe HDFC Bank Uno Credit Card is a good entry-level option, but the SBI PURPLE Card stands out by offering better rewards and stronger milestone benefits at the same annual fee. Simply put, if you want a card that rewards your spending more and helps you get the best value while using PhonePe, the PhonePe SBI PURPLE Credit Card is the clear winner.