About PhonePe SBI Card PURPLE
PhonePe SBI Card PURPLE is the base variant among the two co-branded credit cards offered by SBI Card in partnership with PhonePe. This SBI credit card offers 3% value-back on PhonePe spends like recharges, bill payments, insurance, travel bookings, and PINCODE orders.
In addition, the card provides 2% rewards on select online spends and a base reward rate of 1% on other online and offline transactions, making it a well-rounded option. Reward points can be redeemed for cashback or vouchers at a value of ₹1 per point, which is quite competitive.
A key highlight is that the card is available on the RuPay network, allowing you to link it with UPI apps and earn rewards on UPI transactions as well. It also offers a welcome benefit in the form of a ₹500 PhonePe gift card and a ₹3,000 Yatra voucher as a milestone benefit.
Overall, compared to PhonePe HDFC Uno Card, this card offers better value due to higher reward rates, rewards on offline spends, and direct welcome benefits. It is a good choice for users looking to maximise savings on PhonePe transactions.
Also Read: Best Credit Cards in India
PhonePe SBI Card PURPLE Rewards Program
Rewards Program
- Earn 3 reward points per ₹100 spent on recharges, utility bill payments, insurance, travel bookings (via PhonePe) and PhonePe PINCODE, capped at 1,000 points per month
- Earn 2 reward points per ₹100 on eligible online spends, capped at 1,000 points per month
- Earn 1 reward point per ₹100 spent on other categories, capped at 1,000 points per month
- Earn 1 reward point per ₹100 on utilities and insurance spends outside PhonePe, capped at 250 points per month
- Earn 1 reward point per ₹100 on all Scan & Pay transactions
Reward Redemption
- Redeem points at ₹1 per point for cashback or vouchers
- 1 reward point = ₹1
Suggested Read: Best Rewards Credit Cards for Everyday Spending
Other Features and Benefits
Welcome Benefit
- Get a PhonePe gift card worth ₹500 on payment of the joining fee
Milestone Benefit
- Receive a Yatra voucher worth ₹3,000 on annual spends of ₹3 Lakh
Annual Fee Waiver
- Enjoy annual fee waiver on spending ₹1 Lakh or more in a year
Also Read: Best Fee Waiver Credit Cards in India
Fuel Surcharge Waiver
- Save 1% on fuel surcharge for transactions between ₹500 and ₹3,000, up to ₹100 per month
Also Read: Best Fuel Credit Cards
Fees and Charges
| Particulars | Amount |
|---|
| Joining Fee | Rs. 499 + Applicable Taxes |
| Annual Fee | Rs. 499 + Applicable Taxes |
| Finance Charges | 3.75% p.m. | 45% p.a. |
| Late Payment Charges | | For Statement Balance: | | | Up to Rs. 500 | Nil | | More than Rs. 500 up to Rs. 1,000 | Rs. 400 | | More than Rs. 1,000 up to Rs. 10,000 | Rs. 750 | | More than Rs. 10,000 up to Rs. 25,000 | Rs. 950 | | More than Rs. 25,000 up to Rs. 50,000 | Rs. 1,100 | | More than Rs. 50,000 | Rs. 1,300 |
|
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Document Required For PhonePe SBI Card PURPLE
- Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
- Proof of Address: Aadhaar Card, Driver’s License, Passport
- Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Click here to know More Terms and Conditions
Eligibility Criteria
- Age: 21 to 70 years
- Occupation: Salaried or Self-employed
- Credit Score: Should have a good credit history
PhonePe SBI Card PURPLE Highlights
What do we like about this card?
- Earn up to 3 reward points per ₹100 on PhonePe spends, including recharges, bills and travel
- Get 2 reward points per ₹100 on select online spends
- Enjoy 1 reward point per ₹100 on other and Scan & Pay transactions
- Redeem reward points at a value of 1 point = ₹1 for cashback or vouchers
- Get a ₹500 PhonePe gift card as a welcome benefit
- Earn ₹3,000 Yatra voucher on spending ₹3 Lakh annually
- Annual fee waived on spends of ₹1 Lakh or more
- Save 1% on fuel surcharge, up to ₹100 per month
Things to Know Before you apply
Get this card if:
- You want a low annual fee card with benefits on UPI spends
- You prefer making recharges, bill payments and travel bookings through PhonePe
- You frequently shop online and want decent value-back on your spends
- You can spend ₹3 Lakh annually to maximize milestone benefits
Pros
- Welcome benefit equal to the joining fee without any spend condition
- Earn 3X rewards on recharges, bill payments and travel spends via PhonePe
- Good reward redemption value of 1 reward point = ₹1
- Get milestone benefit worth ₹3,000 as a Yatra voucher
- Easily achievable annual fee waiver on meeting spending threshold
Cons
- Monthly cap on reward points limits overall earnings
- No travel or lifestyle benefits like airport lounge access
- Lower reward rate on utility and insurance spends outside PhonePe
SBI Bank Credit Card Contact Details
SBI Bank Credit Card offers multiple ways to get assistance for your credit card queries and services.
- Contact Address: SBI Cards and Payment Services Limited, Wazirpur, New Delhi
- Helpline: Dial 39 02 02 02 or 1860 180 1290 (prefix local STD code)
- Simply SMS: Send an SMS to 5676791 from your registered mobile number
For Further Support: Contact SBI Customer Care Center
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Frequently Asked Questions
Yes, you get 2,000 reward points (worth ₹500) as a welcome benefit after paying the joining fee. These points are usually credited within 60 days.
No, you do not earn reward points on fuel transactions. However, you can still save with a 1% fuel surcharge waiver on transactions up to ₹3,000, with a monthly cap of ₹100.
You can redeem points via the SBI Card website or mobile app. Options include vouchers, merchandise, or statement balance, where 4 reward points = ₹1.
Yes, this card is a great choice for fashion lovers. You earn 10X reward points on Aditya Birla brands like Pantaloons, Louis Philippe, and Van Heusen.
No, reward points cannot be redeemed for direct cashback. You can use them through the Shop & Smile catalogue or for gift/e-gift vouchers at a value of ₹0.25 per point.
