PhonePe SBI Card PURPLE

SBI Card · ₹499 a year · fee waived on ₹1,00,000 of annual spend

A low-fee card that pays most on bills and recharges done in the PhonePe app.

Base rate: 1% as Reward Point.

What the bank says

• 3 reward points per ₹100 on PhonePe app spends, 2 on online spends, 1 on the rest
• 1 reward point = ₹1
• Yatra voucher worth ₹3,000 on annual spends of ₹3 lakh
• PhonePe gift card worth ₹500 on joining
• Annual fee reversed on annual spends of ₹1 lakh

Where it pays more

• 3% on bills paid in the PhonePe app (3 points per ₹100), up to 1,000 points a month
• 2% on online spends (2 points per ₹100), up to 1,000 points a month

Things that catch people out

• We assume 80% of your bills are paid in the PhonePe app. Bills paid elsewhere earn nothing.
• From 1 July 2026, SBI Card caps points each month: 1,000 on PhonePe spends, 1,000 on online spends, 750 on other spends and 250 on insurance.
• No points on tolls, jewellery, education, or UPI, utilities and insurance paid outside the PhonePe app.

Joining fee: ₹499. Foreign currency markup: not published.

Read from SBI Card’s own page on 2026-09-16.

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