PhonePe SBI Card PURPLE
At a Glance
Key features
- 3 Reward Points per ₹100 on PhonePe app recharges, utilities, bill payments, insurance and travel
- 2 Reward Points per ₹100 on eligible online spends; 1 per ₹100 on other spends; 1 point = ₹1
- Points redeem for vouchers or as credit against the statement, with no redemption fee
- Monthly point caps: 750 PhonePe (plus 250 on PhonePe insurance), 750 online, 1,000 other spends
- ₹500 PhonePe gift card on paying the annual fee
- ₹3,000 Yatra voucher at ₹3 lakh annual spend
- Renewal fee reversed at ₹1 lakh spend in the previous membership year
- Issued on Visa and RuPay; scan-and-pay UPI via the PhonePe app earns 1%, UPI outside PhonePe earns nothing from 1 July 2026
Rewards
| Category | Rate | Detail |
|---|---|---|
| phonepe app spends | 3× | 3 Reward Points per ₹100 on eligible PhonePe app spends, limited to Recharges, Utilities, Bill Payments, Insurance and Travel. Capped at 750 points per calendar month on non-insurance PhonePe spends plus 250 points per calendar month on PhonePe insurance spends (caps effective 1 July 2026). |
| bill payments | 3× | Utility and bill payments earn 3 points per ₹100 only when paid inside the PhonePe app (within the 750 points/month PhonePe cap). Utilities and insurance paid outside the PhonePe app earn no points. |
| online shopping | 2× | 2 Reward Points per ₹100 on eligible online spends, capped at 750 points per calendar month (cut from 1,000 effective 1 July 2026). From 1 July 2026, online UPI transactions outside PhonePe earn no points. |
| Default earn rate | 1× | All other eligible retail spends |
| Welcome bonus: ₹500 PhonePe e-gift voucher after the ₹499 annual membership fee is paid, sent to the registered mobile number within 45 days. Not issued on cards opened under the first-year-free offer. | ||
Fees
| Joining feeLimited period offer: first-year fee waived for new applications received 3 Apr 2026 to 2 Jun 2026 (extendable at SBI Card's discretion); the ₹500 PhonePe welcome gift card is not issued under this offer. SBI Card's product page listed the ₹499 + taxes fee with no waiver on 2026-09-28. | ₹499 |
| Annual feeRenewal fee of ₹499 + taxes from the second year, reversed on spends of ₹1 lakh or more in the previous membership year | ₹499 |
Eligibility
FAQ
Frequently asked questions
How much can I earn on the PhonePe SBI Card PURPLE?
It earns 3 reward points per ₹100 on recharges, bills, insurance and travel paid in the PhonePe app, 2 on eligible online spends and 1 on other spends. One point is worth ₹1. Monthly caps apply: 750 points on PhonePe spends plus 250 on PhonePe insurance, and 750 on online spends.
What is the annual fee on the PhonePe SBI Card PURPLE?
The joining fee is ₹499 plus taxes, and the same ₹499 renewal fee applies from the second year. SBI Card reverses the renewal fee if you spend ₹1 lakh or more in the previous membership year. Paying the fee also earns a ₹500 PhonePe gift card, which roughly offsets it.
Do UPI payments on the PhonePe SBI Card PURPLE earn rewards?
Only inside PhonePe. Scan-and-pay transactions made through the PhonePe app earn 1% value back. From 1 July 2026, scan-and-pay or online UPI transactions made outside PhonePe earn no reward points, and utility or insurance payments made outside the PhonePe app are also excluded from earning.
Does the PhonePe SBI Card PURPLE offer lounge access?
No. The PURPLE card carries no airport lounge access. Its extras are a ₹3,000 Yatra voucher when annual spends reach ₹3 lakh and a 1% fuel surcharge waiver on ₹500 to ₹3,000 transactions, capped at ₹100 per statement cycle. Foreign currency spends carry a 3.5% markup.
Ready to apply for the PhonePe SBI Card PURPLE?
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