PhonePe SBI Card PURPLE
Fees
₹499 + Taxes
Joining & annual
Reward Rate
3% on select PhonePe spends (recharges, bills, insurance, travel); 2% on select online spends; 1% base rate
Welcome Bonus
₹500 PhonePe gift card on joining fee payment
Lounge
No Lounge Access
Our Expert Take
The PhonePe SBI Card PURPLE from SBI Card offers Everyday PhonePe App Transactions with an annual fee of ₹499 + Taxes.
Reward limits
Checked 11 Oct 2026 · Bank terms
-
3% on PhonePe spends
Max 1,000 points per month
Reached after about ₹33,333 of spend
-
2% on other online spends
Max 750 points per month
Reached after about ₹37,500 of spend
Where this card earns most
Paying directly in the app or site · 1% on other spends
Pros & Cons
Key Advantages
- ₹500 welcome gift card that offsets the year-one fee
- Yatra voucher worth ₹3,000 on ₹3 Lakh annual spends
- Reward points redeem 1:1 for cashback or vouchers
- Fee waiver threshold (Annual fee waived on ₹1 Lakh annual retail spends)
Limitations
- No airport lounge access, unlike the SELECT BLACK variant
- Base reward rate on general spends is just 1%
- Best rewards require routing spends through the PhonePe app
Key Perks & Spending Milestones
Accelerated earn rate on cashback purchases
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000
Up to 50 days of interest-free credit period
Zero lost card liability protection
Spend milestone
Annual fee waived on ₹1 Lakh annual retail spends
Fees & Charges
Joining fee
₹499 + Taxes
Annual fee
₹499 + Taxes
Annual fee waived on ₹1 Lakh annual retail spends
Interest rate
Up to 3.75% per month (45% per annum)
Late payment fee
Nil up to ₹100; ₹100 for ₹101-₹500; ₹500 for ₹501-₹1,000; ₹750 for ₹1,001-₹10,000; ₹950 for ₹10,001-₹25,000; ₹1,100 for ₹25,001-₹50,000; ₹1,300 above ₹50,000
Insurance & Protection Benefits
air accident cover
Up to ₹50 Lakh
lost card liability
Up to ₹1 Lakh
purchase protection
Nil
emergency medical cover
Nil
Eligibility Criteria
salaried minimum income
₹25,000 per month
self employed ITR
₹6 Lakh per annum
age
21 to 65 years
Credit score & income
Good (730+)
Frequently Asked Questions
What's the reward rate on PhonePe SBI Card PURPLE?
Does PhonePe SBI Card PURPLE offer lounge access?
How is PURPLE different from SELECT BLACK?
Compare PhonePe SBI Card PURPLE With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| PhonePe SBI Card PURPLE This Card | ₹499 + Taxes | 3% on select PhonePe spends (recharges, bills, insurance, travel);... | No Lounge Access | 4.3/5 |
| Cashback SBI Credit Card | ₹999 + Taxes | 5% cashback on online spends, capped ₹2,000/statement cycle; 1%... | No Lounge Access | 4.7/5 |
| KIWI UPI RuPay Credit Card | Free | Up to 5% cashback on UPI spends via Kiwi Neon program (1.5% base... | Domestic (Neon Spend Milestones) | 4.7/5 |
| Axis Bank ACE Credit Card | ₹499 + Taxes | 5% cashback on Google Pay utilities; 4% on Swiggy, Zomato & Ola;... | 4 Domestic/yr | 4.6/5 |