PhonePe SBI Card PURPLE
SBI Card
PhonePe SBI Card PURPLE
SBI Card
Annual Fee
₹499
Effective Rate
1.00%
Network
VISA
Point Value
₹1.00/pt
About PhonePe SBI Card PURPLE
Best For Exclusive Milestone Benefits PhonePe Rewards Welcome Benefits
Best For
Pros & Cons
thumb_upPros
- check_circleSpending milestone bonuses for high spenders
thumb_downCons
- cancelAnnual fee of ₹499 with no waiver option
- cancelForeign transaction fee applies on overseas spends
- cancelPoints redemption catalog may limit flexibility
Reward Earning Structure
Each point is worth ₹1.00 — an effective return of 1.00% on spend.
| Category | Earn Rate | Per ₹10,000 Spent |
|---|---|---|
| All other spends | 3% | 300 pts≈ ₹300 |
| All other spends | 1% | 100 pts≈ ₹100 |
| All other spends | 2% | 200 pts≈ ₹200 |
Points can typically be redeemed for flight tickets, hotel bookings, cashback, gift vouchers, or merchandise via the SBI Card rewards portal. Redemption value may vary by option.
Card Benefits
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.
WelCome
PhonePe gift card worth Rs. 500
~₹500/yr value
Spending Milestones
Unlock bonus rewards when your annual spend crosses these thresholds.
Spend ₹1,00,000 (ANNUAL)
Waived off on annual spends of Rs.1 Lakh or more in the preceding year
Spend ₹3,00,000 (ANNUAL)
Yatra voucher worth Rs. 3,000 on annual spends of Rs. 3 lakhs
Fees & Charges
Key fees at a glance. For the complete schedule refer to the official Key Fact Statement (KFS) on the SBI Card website.
| Annual Fee | ₹499 |
| Forex Markup | As per issuer schedule |
| Interest Rate (APR) | Refer to KFS |
| Late Payment Charges | Refer to KFS |
| Cash Advance Fee | Refer to KFS |
Eligibility & Documents Required
Eligibility Criteria
- checkAge: 18–70 years (primary cardholder)
- checkMinimum annual income: As per bank norms
- checkCIBIL score: 750+ recommended
- checkEmployment: Salaried or self-employed Indian resident
Documents Required
- descriptionPAN Card (mandatory)
- descriptionAadhaar / Passport / Voter ID (address proof)
- descriptionSalary slips — last 3 months (salaried)
- descriptionLatest ITR or Form 16 (self-employed / salaried)
- descriptionBank statements — last 3 months
- descriptionPassport-size photograph
Frequently Asked Questions
Common questions about PhonePe SBI Card PURPLE.
Ready to apply for PhonePe SBI Card PURPLE?
Apply directly on the SBI Card website. Most decisions within 7–10 working days.
Affiliate disclosure: CreditBrain may earn a referral fee if you apply via our link. This does not affect our editorial independence.