All Cards
rupaybasiccredit
PhonePe SBI PURPLE Credit Card
SBI Card
shoppingutility bills
Annual Fee
₹499
Joining Fee
₹499 + GST
Base Reward
1% points
Foreign Markup
3.5%
Fee Waiver
Renewal Fee Reversed on Spends of ₹1 Lakh
Interest Rate
3.75% per month
Welcome Benefits
PhonePe Gift Voucher Worth ₹500
Product Highlights
- Affordable joining and renewal fee
- Decent rewards for everyday utility payments
Rewards
3 Reward Points/₹100 Spent on PhonePe, 2 Reward Points/₹100 Spent Online, and 1 Reward Point/₹100 on Other Valid Spends.
Redemption
1 Reward Point = ₹1 and Can be Redeemed as Statement Credit or as Gift Vouchers
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
utilities | 3%(3 Reward Points on PhonePe) | No cap |
shopping | 2%(2 Reward Points on Online Spends) | No cap |
other | 1%(1 Reward Point on Other Valid Spends) | No cap |
Benefits & Features
1% Waiver on Fuel Transactions Between ₹500 and ₹4,000
Fees & Charges
Annual Fee₹499
Joining Fee₹499 + GST
Fee WaiverRenewal Fee Reversed on Spends of ₹1 Lakh
Foreign Markup3.5%
Interest Rate3.75% per month
Cash Advance2.5% or ₹500 (Whichever is Higher)
Eligibility
Available Networks
rupay
Pros & Cons
Pros
- Decent returns at a low price
- Easily used for UPI payments
Cons
- Reward rate could be higher
- Reward Point validity is only 12 months
Additional Info
Reward Points valid for 1 year
Maximum of 1,000 Reward Points per month for each category
Maximum of 1,000 Reward Points per month for each category.
Excluded Categories
wallet loadingfuel paymentsrentschool and educationgovernmental spendsdigital gaming platform/merchantsfinancial chargesencash ATM withdrawalsflexipay transactions
Partner Merchants
PhonePe