PhonePe SBI Card PURPLE
SBI Card · Open to apply
A PhonePe co-brand card paying Reward Points worth ₹1 each: 3 points per ₹100 on recharges, bills, insurance and travel paid in the PhonePe app (up to 750 points a month), 2 per ₹100 online (750) and 1 per ₹100 elsewhere (1,000), with a ₹500 PhonePe gift voucher on joining and a ₹3,000 Yatra voucher at ₹3 lakh of annual spends. Fee ₹499, waived at ₹1 lakh.
- Annual fee
- ₹499 + GST a year
- Joining fee
- ₹499 + GST
- Fee waiver
- Annual fee waived on ₹1,00,000 spend per card year
- Base rate
- 1 point per ₹100 on other spends (up to 1,000 points a month): 1 SBI Card Reward Points per ₹100 (about 1% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 3 points per ₹100 on recharges, utilities, bill payments and travel in the PhonePe app (up to 750 points a month): 3 SBI Card Reward Points per ₹100 (about 3% at cash value)
- 3 points per ₹100 on insurance paid in the PhonePe app (up to 250 points a month): 3 SBI Card Reward Points per ₹100 (about 3% at cash value)
- 2 points per ₹100 on eligible online spends (up to 750 points a month): 2 SBI Card Reward Points per ₹100 (about 2% at cash value)
Earns nothing on
- No Reward Points on Scan & Pay or online UPI outside the PhonePe app (from 1 Jul 2026)
- No Reward Points on utilities, telecom and insurance paid outside the PhonePe app (from 1 Jul 2026)
- No Reward Points at petrol pumps and service stations (MCCs 5172, 5541, 5542, 5983)
- No Reward Points on wallet loads (MCCs 6540, 6541)
- No Reward Points on rent or government spends (MCCs 6513, 9311, 9399)
- No Reward Points on school and educational services (MCCs 8211, 8220, 8241, 8244, 8249, 8299)
- No Reward Points on digital gaming platforms (MCCs 5816, 7993, 7994)
- No Reward Points on tolls and bridges (MCC 4784) or jewellery (MCCs 5094, 5944)
- No Reward Points on cash withdrawals and Encash
- No Reward Points on Flexipay or Merchant EMI
Terms the calculator does not value
- "Gifts and Souvenirs" (MCC 5947) earn no points from 1 Jul 2026; no calculator category isolates that MCC.
- Accelerated points on PhonePe categories follow PhonePe's merchant, terminal and VPA IDs, and online eligibility depends on the acquirer's online flag; a transaction SBI Card does not identify earns the lower rate.
- The T&C does not say what spend above a monthly cap earns. It says the cap "can't be exceeded under any circumstances", so nothing further is assumed to earn.
Sources
- PhonePe SBI Card PURPLE product-page data file (fees, rewards, milestone, fuel surcharge waiver) (Product page, the bank's own, read 6 Nov 2026)
- PhonePe SBI Card PURPLE Terms and Conditions booklet (PDF created 24 Jul 2026, modified 27 Oct 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card Key Fact Statement (file dated 26 Aug 2026) (Schedule of charges, the bank's own, read 6 Nov 2026)
- SBI Card Most Important Terms and Conditions, common MITC (index date 2026-09-14) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- SBI Card Important Notices page (29 May 2026 notice of the reward programme revision from 1 Jul 2026; 1 Apr 2026 redemption notice) (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card Shop & Smile rewards programme T&C (statement credit terms; PDF modified 23 Sep 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- PhonePe SBI Card PURPLE revision notice, "With effect from 01 July 2026" (PDF linked from the notices page, created 27 May 2026) (Bank notice, the bank's own, read 6 Nov 2026)