PhonePe SBI Card PURPLE Review 2026 — Fees, Rewards & Eligibility
Issuer: State Bank of India (SBI)
Network: Visa | Tier: Entry
The PhonePe SBI Card PURPLE is an entry-level co-branded card designed to reward digital transactions. It offers an attractive value-back structure for users heavily integrated into the PhonePe ecosystem for their daily payments, recharges, and online shopping.
Why Choose the PhonePe SBI Card PURPLE?
The PhonePe SBI Card PURPLE is a Entry-tier Visa credit card issued by State Bank of India (SBI), rated 4.3/5 by the Credit Card Hunt editorial team. It is best suited for Regular PhonePe users and digital shoppers seeking an affordable, low-fee card to maximize cash-back returns on daily utilities, phone recharges, and routine online payments.. With a reward rate of 3 Reward Points per Rs. 100 on PhonePe spends 2 Reward Points per Rs. 100 on online spends 1 Reward Point per Rs. 100 on other spends and an annual fee of 499+ Taxes, it ranks among the popular Rewards cards in India in 2026.
New cardholders are welcomed with Yatra Voucher worth Rs. 3,000 on annual spends of Rs. 3 lakhs, which adds immediate value in the first year and helps recover the 499+ Taxes joining fee.
PhonePe SBI Card PURPLE Fees & Charges
| Annual Fee | 499+ Taxes |
|---|---|
| Joining Fee | 499+ Taxes |
| Interest Rate | 5% |
| Foreign Markup | 2% |
| Fuel Surcharge Waiver | Enjoy a 1% fuel surcharge waiver on every transaction between Rs. 500 and Rs. 3,000 at all petrol pumps across India. Maximum waiver of Rs. 100 per statement cycle. |
PhonePe SBI Card PURPLE Rewards & Benefits
| Reward Rate | 3 Reward Points per Rs. 100 on PhonePe spends 2 Reward Points per Rs. 100 on online spends 1 Reward Point per Rs. 100 on other spends |
|---|---|
| Welcome Bonus | Yatra Voucher worth Rs. 3,000 on annual spends of Rs. 3 lakhs |
| Lounge Access | 2 per year |
| Best For | Regular PhonePe users and digital shoppers seeking an affordable, low-fee card to maximize cash-back returns on daily utilities, phone recharges, and routine online payments. |
Key Highlights of the PhonePe SBI Card PURPLE
- 3% reward points back on transactions made through the PhonePe app 2% reward points back on other online retail spends across popular e-commerce sites High-value point system where 1 Reward Point equals ₹1 A ₹500 PhonePe gift card welcome benefit that completely offsets the joining fee Spend-based annual renewal fee reversal milestone
PhonePe SBI Card PURPLE Eligibility Criteria
- Minimum income ₹10 lakh per annum
- Good CIBIL score (750+)
- Age 21-65 years
Minimum Income Required: ₹20,000 to ₹25,000 PM
Advantages of the PhonePe SBI Card PURPLE
- Simple
- high-value redemption rate (1 point = ₹1) directly as statement credit Robust cash-back structure for routine online transactions and mobile bills Low annual renewal fee of ₹499 (reversed upon spending ₹1 Lakh annually) 1% value-back on offline transactions
- including Scan & Pay UPI features Includes a ₹3
- 000 Yatra holiday voucher upon reaching annual spends of ₹3 Lakhs
Drawbacks of the PhonePe SBI Card PURPLE
- Completely lacks any complimentary domestic or international airport lounge access Monthly earnings are strictly capped at 1
- 000 reward points per spending category Standard exclusions apply on fuel
- rent
- wallet loads
- and EMI conversions Points will be forfeited if the card undergoes 13 consecutive months of inactivityHigh baseline foreign currency markup fee of 3.5% for international transactions
PhonePe SBI Card PURPLE — Frequently Asked Questions
What is the annual fee of the PhonePe SBI Card PURPLE?
The PhonePe SBI Card PURPLE has an annual fee of 499+ Taxes and a joining fee of 499+ Taxes. New cardholders receive Yatra Voucher worth Rs. 3,000 on annual spends of Rs. 3 lakhs as a welcome benefit, which helps offset the joining cost.
Does the PhonePe SBI Card PURPLE offer airport lounge access?
Yes — the PhonePe SBI Card PURPLE offers 2 per year.
Who is eligible for the PhonePe SBI Card PURPLE?
The minimum income requirement is ₹20,000 to ₹25,000 PM. Banks typically also look for a CIBIL score of 700 or above and a clean repayment history.
What is the reward rate of the PhonePe SBI Card PURPLE?
The PhonePe SBI Card PURPLE earns 3 Reward Points per Rs. 100 on PhonePe spends 2 Reward Points per Rs. 100 on online spends 1 Reward Point per Rs. 100 on other spends. It is best suited for Regular PhonePe users and digital shoppers seeking an affordable, low-fee card to maximize cash-back returns on daily utilities, phone recharges, and routine online payments..
Credit Cards Similar to the PhonePe SBI Card PURPLE
If you are considering the PhonePe SBI Card PURPLE, these rewards credit cards are worth comparing before you apply:
- HDFC Infinia by HDFC Bank — rated 4.9/5, ₹12,500 + GST annual fee
- Diners Club Black Credit Card by HDFC Bank — rated 4.8/5, ₹10,000 annual fee
- Platinum Card by American Express (Amex) — rated 4.8/5, ₹60,000 annual fee
- Axis Magnus by Axis Bank — rated 4.7/5, ₹12,500 + GST annual fee
Expert Rating: 4.3/5