The smart rewards card for PhonePe users
3X rewards on PhonePe & Pincode spends
1% fuel surcharge waiver
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| Benefit | Details |
|---|---|
| Welcome Gift | Receive a ₹500 PhonePe gift card upon payment of the joining fee. |
| Accelerated Rewards | Earn 3 Reward Points per ₹100 on PhonePe and Pincode spends; 2 Reward Points per ₹100 on online spends; 1 Reward Point per ₹100 on other eligible spends. |
| Annual Fee Waiver | Annual fee of ₹499 + GST. |
| Milestone Benefits | Get Yatra voucher worth ₹3,000 on achieving annual spends of ₹3 lakh or more. |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000, with maximum benefit of ₹100 per statement cycle. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | SBI Card & Payment Services Ltd. |
| Bank / Non-bank | Bank-affiliated |
| Category | Rewards / Digital Payments |
| Type of Card | Visa |
| Free or Paid | ₹499 Annually +Taxes |
The PhonePe SBI PURPLE Credit Card is designed for modern consumers who frequently use PhonePe for everyday transactions. This card offers exceptional value for those who regularly make recharges, utility bill payments, insurance premiums, and travel bookings through the PhonePe platform. The card stands out with its straightforward reward structure. The low annual fee of ₹499, makes it an excellent entry-level card for beginners whilst providing substantial benefits for frequent PhonePe users.
Add-on Cards: Cardholders can empower up to 3 family members (parents, spouse, children, or siblings above 18 years of age) with complimentary add-on cards, allowing shared benefits.
Cash Withdrawals: Access cash from over 1 million Visa or Mastercard ATMs worldwide, ensuring liquidity when needed.
Utility Bill Payments: Settle electricity, telephone, mobile, and other utility bills conveniently using the Easy Bill Pay facility on the card.
Flexipay: Convert transactions of ₹2,500 or more into easy monthly instalments within 30 days of purchase, helping manage expenses efficiently.
Balance Transfer on EMI: Transfer outstanding balances from other banks' credit cards to the PhonePe SBI PURPLE Credit Card at lower interest rates and repay in EMIs, providing financial flexibility.
3 Reward Points per ₹100: Earn 3 Reward Points for every ₹100 spent on eligible PhonePe and Pincode spends.
2 Reward Points per ₹100: Accumulate 2 Reward Points for every ₹100 spent on eligible online purchases across other platforms.
1 Reward Point per ₹100: Earn 1 Reward Point for every ₹100 spent on other eligible spends, including offline purchases and in-store transactions.
Statement Credit: Apply reward points directly towards the credit card statement balance for instant savings.
Gift Vouchers: Exchange points for vouchers from partner brands available on the SBI Card Rewards portal.
PhonePe Gift Card: Receive a ₹500 PhonePe gift card upon realisation of the joining fee. The gift card will be shared via registered email ID or mobile number within 45 days of joining fee payment.
Annual Spend Milestone: Achieve annual spends of ₹3 lakh or more to receive a Yatra voucher worth ₹3,000.
1% Waiver: Get 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000 at fuel stations across India.
Maximum Benefit: The maximum waiver is ₹100 per statement cycle, per credit card account.
Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹499 + GST | One-time charge when the card is issued. |
| Annual Fee | ₹499 + GST | Charged every year. Renewal fee reversed on annual retail spends of ₹1 lakh in previous year |
| Add-on Card Fee | ₹0 | No charge for up to 3 supplementary cards for family members. |
| Criteria | Details |
|---|---|
Minimum Age | Minimum 18 years and above |
Residency | Must be a resident of India |
Occupation | Salaried / Self-Employed |
Credit Score | A credit score of 750 or above is recommended for better approval chances. |
| Document Type | Details |
|---|---|
| Identity Proof | PAN Card (mandatory), Passport, Aadhaar Card, Voter ID, or Driving Licence |
| Address Proof | Aadhaar Card (with first 8 digits masked), Passport, Voter ID, Driving Licence, or utility bills (not more than 3 months old) |
| Income Proof | Latest salary slips for salaried individuals, Income Tax Return (ITR) acknowledgement, or bank statements for self-employed individuals |
| Photographs | Recent passport-sized colour photographs |
Click on Apply Now: Hit the 'Apply Now' button to start your application.
Fill in Your Detail: Enter your personal, contact, and financial details in the application form.
Upload Required Documents: Upload your PAN Card, Aadhaar/Address Proof, and Income Proof.
Submit Your Application: Review all the details and click Submit.
Approval & Card Delivery: Once approved, your PhonePe SBI PURPLE Credit Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Maximise Rewards on PhonePe | Use the card for recharges, utility bills, insurance, and travel bookings via PhonePe to earn 3 Reward Points per ₹100. |
Redeem Reward Points | Redeem accumulated points as statement credit or exchange for gift vouchers on the SBI Card Rewards portal. |
Track Spending and Points | Monitor spending and reward points accumulation through the SBI Card mobile app, PhonePe app, or online portal at sbicard.com. |
Pay Utility Bills | Utilise the Easy Bill Pay facility to pay electricity, telephone, mobile, and other utility bills whilst earning rewards. |
Set Up Alerts | Enable transaction alerts via SMS or email to stay informed about spending, reward accumulation, and detect unauthorised transactions. |
The PhonePe SBI PURPLE Credit Card is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.