PhonePe SBI Card PURPLE
Fees
₹499 + Taxes
Joining & AnnualReward 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 Access
No Lounge Access
FindMyCard Expert Take
The PhonePe SBI Card PURPLE from SBI Card offers Everyday PhonePe App Transactions with an annual fee of ₹499 + Taxes.
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
Editorial Verdict
The PhonePe SBI Card PURPLE is ideally suited for everyday phonepe app transactions. If you want 3% on select phonepe spends (recharges, bills, insurance, travel); 2% on select online spends; 1% base rate, this card delivers real value. The ₹499 + taxes is easily offset by the card's perks if you use it regularly. You'll generally need Good (730+) credit to be approved.
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
🚀 Milestone Spends Timeline
Annual fee waived on ₹1 Lakh annual retail spends
Fees & Charging Rates
Annual Fee Waivers
₹499 + Taxes
💡 Annual fee waived on ₹1 Lakh annual retail spends
Regular Interest Charges
3.6% per month (43.2% per annum)
📅 Late Payment Fee Penalty Tiers
| Outstanding Balance Amount | Late Payment Fee Penalty |
|---|---|
| up to 500 | Nil |
| 501 to 1000 | ₹500 |
| 1001 to 5000 | ₹600 |
| 5001 to 10000 | ₹750 |
| 10001 to 25000 | ₹900 |
| 25001 to 50000 | ₹1,100 |
| above 50000 | ₹1,300 |
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
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; 1% cashback on offline spends | 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 |