PhonePe SBI Card PURPLE

· ₹3,00,000 a year ₹3,000 of value

Best for: Heavy PhonePe App users (bills, recharges, UPI), First-time cardholders who want a UPI-linked RuPay card, Low-fee reward seekers who clear Rs. 1 lakh a year

Entry tier — great for first-time and lower-spend users.

Strongest value if you spend heavily on Utility Bills ( 3% back).

• RuPay card that links to UPI, so PhonePe scan-and-pay spends still earn Reward Points
• 3% value back on PhonePe App spends and 2% on other online spends
• Low Rs. 499 fee, reversed on Rs. 1 lakh of annual spend
• Rs. 500 welcome PhonePe gift card and a Rs. 3,000 Yatra milestone voucher

• July 2026 devaluation: PhonePe and online spends both cut from 1,000 to 750 RP/month (insurance sub-capped 250), other spends capped 1,000 RP/month
• No reward points at all on transactions under Rs. 100 — a real limit on a recharge-and-bills card
• Exclusions from Jul 2026 — tolls, gifts, jewellery, education, and utility/insurance/UPI outside PhonePe earn no points
• Best value needs your bills, recharges and payments routed through PhonePe
• No lounge access at this tier (that sits on the PhonePe SBI Card SELECT Black)
• Reward Points are worth Re. 1 each, so the top rate is an effective 3%, not more
• 3.5% forex markup makes it a poor card abroad

Ways to convert what you earn into real value.

🎁 Reward Points redeem at 1 RP = Re. 1 against a wide array of vouchers

🎁 Reward Points can also be redeemed for cash / statement value

The PURPLE card fulfills a clear purpose: a budget-friendly RuPay credit card that links to UPI and delivers rewarding returns on everyday utility and app payments that standard cards overlook, supported by a transparent 1 RP = ₹1 valuation and a low fee waiver threshold. If PhonePe serves as your primary payment platform, it is an easy recommendation; however, users seeking lounge access or broader retail rewards should consider upgrading to the SELECT Black or pairing this card with an all-round cashback product.

Sources & verification

Fees, reward rates, and benefits for the PhonePe SBI Card PURPLE are taken from SBI Card 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 5 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →

Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for SBI Card . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.

Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.

Tracking since 2025 · 3 changes · last change Jul 2026

▲ Revaluation ▼ Devaluation ◆ Neutral / reversed

▼ Reward Observed 1 Jun 2026 · Effective 1 Jul 2026

Reward caps cut and new exclusions added

PhonePe spends capped at 1,000 RP/month; online spends capped at 1,000 RP/month → PhonePe 750 RP/month (250 insurance sub-cap); online 750 RP/month

From 1 July 2026, less than a year after launch, SBI Card trimmed the PhonePe SBI Card PURPLE: the monthly reward-point cap was cut from 1,000 to 750 RP on BOTH eligible PhonePe App spends and other online spends, with an insurance sub-cap of 250 RP inside the PhonePe bucket. Several categories also stopped earning entirely - toll and bridge payments, gift cards and vouchers, jewellery, education-institution fees, and any utility, insurance or UPI transaction routed outside the PhonePe App. Corrected 2026-08-06: we had previously recorded PhonePe spends as uncapped before the change and capped at 1,000 after, which reproduced the EXISTING column of SBI notice and understated the cut.

Verification: SBI Card ↗ · Confidence: High

▼ Fee Effective 1 Nov 2025

1% fee on third-party education and large wallet loads

From 1 November 2025 SBI Card added a 1% fee on education-fee payments made through third-party apps or aggregators (Paytm/PhonePe/Razorpay etc.; direct school/college-website or campus-POS payments stay free) and a 1% fee on digital-wallet loads above ₹1,000 - a portfolio-wide charge that is particularly relevant to a card built around the PhonePe app.

Verification: SBI Card ↗ · Confidence: High

◆ Launch Effective 22 Jul 2025

PhonePe SBI Card PURPLE launched

SBI Card and PhonePe launched the PhonePe SBI Card PURPLE, the ₹499 entry rung of a two-card RuPay co-brand (SELECT BLACK is the ₹1,499 tier). As a RuPay card it links to UPI, so eligible PhonePe App and scan-and-pay spends still earn - 3 Reward Points per ₹100 (~3%) on PhonePe and Pincode app spends, 2 per ₹100 (~2%) on other online spends and 1 per ₹100 (~1%) elsewhere, each point worth ₹1. A ₹500 PhonePe e-gift voucher welcome offsets the first-year fee, the ₹499 renewal fee is reversed on ₹1 lakh of annual spend, a ₹3,000 Yatra voucher lands at ₹3 lakh of spend and there is a 1% fuel-surcharge waiver; there is no lounge access at this tier.

Verification: SBI Card ↗ · Confidence: High

Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.

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Quick summary

Type Entry credit card

Reward rate 1%–3%

Best for Heavy PhonePe App users (bills, recharges, UPI)

Joining fee ₹499

Annual fee ₹499

Reviewed by

Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade

Last verified 5 Aug 2026

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