PhonePe SBI PURPLE Credit Card
- Updated On: 4 May, 2026
PhonePe and SBI Card have come together to launch two rewarding co-branded credit cards for everyday spends. The PhonePe SBI Purple and PhonePe SBI Select Black Credit Cards are ideal choices for those looking to earn high rewards on regular bill payments, travel, insurance, and more. The PhonePe SBI Select Black Credit Card is the more premium offering of the two, while the PhonePe SBI Purple Credit Card is a basic and budget-friendly option.
Those who are looking for a decent credit card with low joining and annual charges should definitely consider the PhonePe SBI Purple Credit Card.
This card can be availed by paying a joining fee of ₹499 + GST. As a welcome benefit, cardholders receive a PhonePe Gift Voucher worth ₹500, which practically offsets the joining fee. Even the renewal fee can be easily waived by making spends of ₹1 lakh or more in a year.
With the PhonePe SBI Purple Credit Card, one can earn up to 3% cashback on select PhonePe spends, 2% on online spends, and 1% on all other eligible UPI spends. Since this card is backed by RuPay JCB, it can be conveniently used for payments worldwide without any acceptability issues.
PhonePe SBI PURPLE Credit Card
( 4.6 / 5 )
- Joining Fee
- Annual Fee
- Best Suited For
- Reward Type
Rewards Rate
3 Reward Points/₹100 Spent on PhonePe, 2 Reward Points/₹100 Spent Online, and 1 Reward Point/₹100 on Other Valid Spends
Welcome Benefits
PhonePe Gift Voucher Worth ₹500
Rewards and Benefits
Movie & Dining
N/A
Rewards Rate
3 Reward Points/₹100 Spent on PhonePe, 2 Reward Points/₹100 Spent Online, and 1 Reward Point/₹100 on Other Valid Spends
Reward Redemption
1 Reward Point = ₹1 and Can be Redeemed as Statement Credit or as Gift Vouchers
Travel
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Golf
N/A
Insurance Benefits
N/A
Fees & Charges
Spend-Based Waiver
Annual Charges are Reversed on Spends of ₹1 Lakh
Rewards Redemption Fee
N/A
Foreign Currency Markup
3.5%
Interest Rates
3.75% Per Month (45% Annually)
Fuel Surcharge Waiver
1% Waiver on Fuel Transactions Between ₹500 and ₹4,000
Cash Advance Charges
2.5% or ₹500 (Whichever is Higher)
Product Details
- The PhonePe SBI Purple Credit Card comes at an affordable joining and renewal fee of ₹499 + GST.
- Cardholders would receive a ₹500 PhonePe gift voucher upon realization of the joining charges.
- This card is most suited for everyday utility bill payments.
Pros/Cons
Pros
- The card offers decent returns at a decent price.
- This card can be easily used for UPI payments.
Cons
- The reward rate should have been higher than 3% for this card, considering that the premium one offers 10% returns.
- The Reward Point validity could have been higher than 12 months.
Up to 3% Reward Points Via Phone Pe
- 3 Reward Points/₹100 on eligible PhonePe (Recharges, Utilities, Bill Payments, Insurance, and Travel Only) & Pincode spends. Cardholders can earn a maximum of 1,000 Reward Points per month for this category.
- 2 Reward Points/₹100 on eligible online spends. Cardholders can earn a maximum of 1,000 Reward Points per month for this category.
- 1 Reward Point/₹100 on other spends, including Scan and Pay transactions. Cardholders can earn a maximum of 1,000 Reward Points per month for this category.
- Utility and insurance spends made outside PhonePe will earn only base rewards at 1 Reward Point/₹100, capped at 250 Reward Points per month.
1 Reward Point = ₹1
Exclusions from Rewards Earning
The following transactions shall not earn any Reward Points.
- Wallet Loading
- Fuel
- Payments Towards Rent/Property Management
- School and Education
- Governmental Spends
- Digital Gaming Platform/Merchants
- Financial Charges
- Encash
- ATM Withdrawals
- Flexipay Transactions
Milestone Benefits
This card even rewards those who make high spends of ₹3 lakh per year with a voucher of ₹3,000 from the popular travel booking platform Yatra. That’s an additional 1% reward rate on top of the regular one.
| Spends | Benefit |
| Spends of ₹1 Lakh | Renewal Fee Reversed |
| Spends of ₹3 Lakh | Yatra Voucher Worth ₹3,000 |
PhonePe HDFC Bank Uno Vs PhonePe SBI Purple Credit Card
| Features | PhonePe HDFC Bank Uno | PhonePe SBI Purple |
| Joining/Annual Fee | ₹499 + GST | ₹499 + GST |
| Welcome Benefits | Get 50% of the Joining Fee Back as a PhonePe Gift Card on Your First RuPay Credit Card UPI Transaction, and the Remaining 50% as 10 Gift Cards on Continued UPI Spends | PhonePe Gift Voucher Worth ₹500 |
| Rewards Rate | 2 RPs/₹100 on Select PhonePe Spends Like Recharges, Bill Payments, Movies, Hotels, Utilities, and More. 1 RP/₹100 on Brands Like Amazon, Flipkart, Myntra, Ajio, and More. 1 RP/₹100 on Scan & Pay UPI Spends | 3 Reward Points/₹100 Spent on PhonePe, 2 Reward Points/₹100 Spent Online, and 1 Reward Point/₹100 on Other Valid Spends |
| Spend-Based Waiver | Annual Charges are Reversed on Spends of ₹1 Lakh | Annual Charges are Reversed on Spends of ₹1 Lakh |
| Airport Lounge Access | N/A | N/A |
Winner – PhonePe SBI Purple Credit Card.
SBI PhonePe SBI Purple stands out as the superior option for those seeking a straightforward approach to accessing welcome benefits. Not only does it offer a better rewards rate without increasing costs, but it also provides users with a more seamless experience. With its clear advantages, SBI PhonePe SBI Purple truly is the better choice for consumers.
Bottom Line
The PhonePe SBI Purple Credit Card is best suited for beginners who are looking for their first credit card, as well as for those who want a low-fee card with decent rewards. All of us regularly make recharges and utility bill payments, and for such eligible spends, cardholders can earn 3% Reward Points, up to 1,000 points per month.
Since 1 Reward Point = ₹1, this translates to potential savings of up to ₹12,000 per year just on utility bills, insurance, travel, and recharges made via PhonePe.
In addition, since this card is on the RuPay network, users can make easy “Scan and Pay” UPI payments and earn 1% rewards on those as well. Furthermore, as the card is on the RuPay JCB platform, it is eligible for periodic promotional offers run by JCB, adding even more value.
All in all, this is a must-have card for everyone. Those who are looking for more premium benefits and a higher reward rate should definitely check out the PhonePe SBI Select Black Credit Card.
FAQs:
What is the joining fee of PhonePe SBI PURPLE Credit Card?
The PhonePe SBI Purple Credit Card can be availed by paying a joining charge of ₹499 + GST.
How long are the Reward Points valid for?
The Reward Points earned with the PhonePe SBI Purple Credit Card are valid for a period of 1 year.