Ever wondered which credit card to use for utility bill payments, insurance, and more? The PhonePe SBI Credit Cards are currently the best option, especially after the devaluation of the Airtel Axis Credit Card.
The PhonePe SBI Purple and SBI SELECT BLACK cards are well-suited for recharges, utility bills, insurance payments, and other spends, including UPI transactions via PhonePe.
Usually, both cards come with a joining fee. However, for a limited time, SBI Card is waiving the joining fee on both cards. This means you can apply now and get them without paying any upfront fee. This limited-time offer is valid from 8th September 2026 to 31st October 2026. Under this, the ₹499 + GST joining fee for the PhonePe SBI Purple Card and the ₹1,499 joining fee for the PhonePe SBI SELECT BLACK Card are waived.
Which PhonePe SBI Credit Card Should You Apply For?
The main difference between these two cards comes down to their annual charges. Those who choose the more premium SELECT BLACK card will get higher rewards and benefits, as it comes at a higher annual fee.
On the other hand, users who do not want to pay a higher annual fee of ₹1,499 from the second year can opt for the PhonePe SBI Purple card, which comes with a lower annual fee of ₹499.
Given below is a quick comparison to help you decide which card suits your needs better.
| Spend Type | PhonePe SBI PURPLE | PhonePe SBI SELECT BLACK |
| PhonePe Spends (Recharges, Utilities, Bill Payments, Insurance and Travel) | 3 RPs/₹100 Spent (~ 3%) | 10 RPs/₹100 Spent (~ 10%) |
| Capped at 750 RPs per Month (Non-Insurance Spends). Insurance Spends Capped at 250 RPs per Month | Capped at 1,500 RPs per Month (Non-Insurance Spends). Insurance Spends Capped at 500 RPs per Month | |
| Eligible Online Spends | 2 RPs/₹100 Spent (~ 2%) | 5 RPs/₹100 Spent (~ 5%) |
| Capped at 750 RPs per Month | Capped at 1,000 RPs per Month | |
| Other Valid Spends | 1 RP/₹100 Spent (~ 1%) | 1 RP/₹100 Spent (~ 1%) |
| Capped at 1,000 RPs per Month | Capped at 2,000 RPs per Month |
It’s quite clear that the PhonePe SBI SELECT BLACK is the better and more rewarding option. Click here for a detailed comparison.
How to Apply for FYF PhonePe SBI Credit Cards?
You can easily start the application process for PhonePe SBI Credit Cards by clicking the link below. The process is simple and requires minimal details.
Bottom Line
This is a good offer for those looking for a rewarding credit card for everyday payments, including utility bill payments. You can avoid paying the joining fee on PhonePe SBI Credit Cards by applying during the offer period.
However, one important thing to note is that the welcome benefit will not be available under this offer. This means you will not receive the PhonePe gift card worth ₹500 on the PhonePe SBI Purple Card or ₹1,500 on the PhonePe SBI Select Black Card.
Even then, the offer remains attractive as you can get these cards without paying any joining fee.
2 comments
Jay
I currently hold both SBI cashback and BPCL credit cards. Would it be possible to also obtain the PhonePe SBI SELECT BLACK card as my third card?
Kartik Kanwar
You technically can. Try your luck.