Travel on Points

PhonePe SBI PURPLE Credit Card

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  • Joining fee

    ₹499 + GST

  • Annual fee

    ₹499 + GST

  • Best suited for

    Shopping, Utility Bills

  • Reward type

    Reward Points

Rewards

  • Rewards rate

    3 Reward Points/₹100 Spent on PhonePe, 2 Reward Points/₹100 Spent Online, and 1 Reward Point/₹100 on Other Valid Spends

  • Welcome benefits

    PhonePe Gift Voucher Worth ₹500

  • Reward redemption

    1 Reward Point = ₹1 and Can be Redeemed as Statement Credit or as Gift Vouchers

Fees & charges

  • Spend-based waiver

    Annual Charges are Reversed on Spends of ₹1 Lakh

  • Foreign currency markup

    3.5%

  • Interest rates

    3.75% Per Month (45% Annually)

  • Fuel surcharge waiver

    1% Waiver on Fuel Transactions Between ₹500 and ₹4,000

  • Cash advance charges

    2.5% or ₹500 (Whichever is Higher)

Product highlights

  • The PhonePe SBI Purple Credit Card comes at an affordable joining and renewal fee of ₹499 + GST.
  • Cardholders would receive a ₹500 PhonePe gift voucher upon realization of the joining charges.
  • This card is most suited for everyday utility bill payments.

Pros & cons

Pros

  • The card offers decent returns at a decent price.
  • This card can be easily used for UPI payments.

Cons

  • The reward rate should have been higher than 3% for this card, considering that the premium one offers 10% returns.
  • The Reward Point validity could have been higher than 12 months.

FAQs

What is the joining fee of PhonePe SBI PURPLE Credit Card?

The PhonePe SBI Purple Credit Card can be availed by paying a joining charge of ₹499 + GST.

How long are the Reward Points valid for?

The Reward Points earned with the PhonePe SBI Purple Credit Card are valid for a period of 1 year.