SBI Card
PhonePe SBI PURPLE Credit Card
Annual Fee
₹499
Base Reward
1% points
Foreign Markup
3.5%
Welcome Benefits
PhonePe Gift Voucher Worth ₹500
Product Highlights
- Affordable joining and renewal fee
- Decent rewards for everyday utility payments
Category Rewards
utilities
3 Reward Points on PhonePe
3 Reward Points on PhonePe
shopping
2 Reward Points on Online Spends
2 Reward Points on Online Spends
other
1 Reward Point on Other Valid Spends
1 Reward Point on Other Valid Spends
Fee Waiver
Renewal Fee Reversed on Spends of ₹1 Lakh
Rewards Details
3 Reward Points/₹100 Spent on PhonePe, 2 Reward Points/₹100 Spent Online, and 1 Reward Point/₹100 on Other Valid Spends.
- 1 Reward Point = ₹1 and Can be Redeemed as Statement Credit or as Gift Vouchers
Benefits & Features
1% Waiver on Fuel Transactions Between ₹500 and ₹4,000
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
Partner Merchants
Fees & Charges
Eligibility
Networks
Fee Waiver
Renewal Fee Reversed on Spends of ₹1 Lakh