PhonePe SBI Card: PURPLE vs BLACK

SBI Card, India's leading credit card issuer, and PhonePe, the country's premier digital payments platform, announced a strategic partnership to launch two new co-branded credit cards: the PhonePe SBI Card PURPLE and the PhonePe SBI Card SELECT BLACK. This collaboration aims to redefine the digital spending experience for millions of Indian consumers by offering a seamless blend of credit and UPI functionalities, coupled with a rewarding and secure payment experience.

The new credit cards are designed to cater to the diverse spending habits of modern Indian consumers, from everyday essentials to travel and lifestyle purchases. Both cards will be available on the RuPay and Visa networks, providing customers with a wide range of acceptance and a choice of their preferred payment platform.

Table of Contents

1. SBI Card and PhonePe Partnership
2. PhonePe SBI Credit Cards: PURPLE vs SELECT BLACK – Full Comparison & Benefits
3. Credit Card Rewards on PhonePe
4. Exclusive Travel Benefits: Lounge Access and Vouchers
5. How to Apply: Seamless Digital Application via the PhonePe App
6. SBI Card and PhonePe Partnership

SBI Card and PhonePe Partnership

This collaboration marks a significant milestone in India's digital payments landscape. By combining SBI Card's extensive expertise in the credit card domain with PhonePe's vast user base and technological prowess, the partnership is poised to accelerate the adoption of digital credit among a wider audience. The integration of the credit card application, usage, and bill payment process within the PhonePe app ensures a frictionless and convenient user experience.

PhonePe SBI Credit Cards: PURPLE vs SELECT BLACK: Full Comparison & Benefits

PhonePe SBI Credit Card offers high value on UPI and digital spends. The two variants: PURPLE and SELECT BLACK, are co-branded cards launched by SBI Card and PhonePe, available on Visa and RuPay networks. Both cards provide UPI functionality, accelerated rewards, and travel perks, with seamless integration within the PhonePe app.

PhonePe SBI Card SELECT BLACK

• Joining & Annual Fee: ₹1,499 + GST (Welcome gift voucher of ₹1,500 on first bill payment)
• Annual Fee Waiver: On annual spends of ₹3,00,000
• Rewards:
  • 10% Value Back: On PhonePe and Pincode app transactions (up to 2,000 reward points per month)
  • 5% Value Back: On all other online spends (up to 2,000 reward points per month)
  • 1% Value Back: On all other eligible spends
• Travel Benefits:
  • ₹5,000 Yatra Voucher: On annual spends of ₹5,00,000
  • 4 Complimentary Domestic Lounge Visits: (1 per quarter)
  • Complimentary Priority Pass Membership: For international lounge access
• Fuel Surcharge Waiver: 1% waiver on transactions between ₹500 and ₹4,000 (max waiver of ₹250 per statement cycle)

PhonePe SBI Card PURPLE

• Joining & Annual Fee: ₹499 + GST (Welcome gift voucher of ₹500 on first bill payment)

• Annual Fee Waiver: On annual spends of ₹1,00,000

• Rewards:

  • 3% Value Back: On PhonePe and Pincode app transactions

  • 2% Value Back: On all other online spends

  • 1% Value Back: On all other eligible spends

• Travel Benefits:

  • ₹3,000 Travel Voucher: On annual spends of ₹3,00,000

• Fuel Surcharge Waiver: 1% waiver on transactions between ₹500 and ₹3,000 (max waiver of ₹100 per statement cycle)

Feature	PhonePe SBI Card SELECT BLACK	PhonePe SBI Card PURPLE
Joining Fee	₹1,499 + GST	₹499 + GST
Welcome Benefit	₹1,500 PhonePe Gift Voucher	₹500 PhonePe Gift Voucher
Renewal Fee	₹1,499 + GST (waived on annual spends of ₹3 lakh)	₹499 + GST (waived on annual spends of ₹1 lakh)
Reward Points on PhonePe & Pincode Spends	10 Reward Points per ₹100	3 Reward Points per ₹100
Reward Points on Online Spends	5 Reward Points per ₹100	2 Reward Points per ₹100
Reward Points on Other Spends	1 Reward Point per ₹100	1 Reward Point per ₹100
Milestone Benefit	Yatra travel voucher worth ₹5,000 on annual spends of ₹5 lakh	Yatra travel voucher worth ₹3,000 on annual spends of ₹3 lakh
Fuel Surcharge Waiver	1% waiver on transactions between ₹500 - ₹4,000 (Max ₹250/month)	1% waiver on transactions between ₹500 - ₹3,000 (Max ₹100/month)
Lounge Access	4 free domestic lounge visits per year (1 per quarter) + Complimentary Priority Pass membership for international lounges (for the first 2 years)	Not available

To read Terms and Conditions, Click Here.

Still undecided about credit cards? Use the credit card comparison tool to evaluate them side by side with other top cards on rewards, fees, and benefits.

Credit Card Rewards on PhonePe

Cardholders can enjoy accelerated reward points on a wide array of transactions, including:

• In-app Payments on PhonePe: Recharges, bill payments, insurance premiums, and more.
• Online Shopping: Across popular platforms like Amazon, Flipkart, Myntra, and Zomato.
• Offline and UPI Payments: Through the RuPay variant of the card linked to the UPI platform.

One reward point is equivalent to ₹1 and can be redeemed as a statement credit or as gift vouchers on the SBI Card Rewards portal, providing customers with tangible value for their spends.

Planning big-ticket purchases with your PhonePe SBI Card? Learn how to use SBI FlexiPay to convert spends into easy EMIs and manage your monthly budget smartly.

Exclusive Travel Benefits: Lounge Access and Vouchers

The PhonePe SBI co-branded credit cards offer a range of travel benefits to enhance the journey for cardholders. The SELECT BLACK variant, in particular, caters to the needs of frequent travellers with its complimentary domestic and international lounge access, making every trip a more comfortable and rewarding experience.

How to Apply: Seamless Digital Application via the PhonePe App

The application process for the PhonePe SBI Card is fully digital and integrated within the PhonePe app. Eligible users can apply for the card in a few simple steps and manage their card account, including bill payments and tracking rewards, directly from their smartphones.

 

Interested in more SBI credit card options? Check out the curated collection of SBI credit cards offering unique features across travel, shopping, fuel, and lifestyle.

More About PhonePe SBI Co-Branded Credit Card

Q: How to apply for the PhonePe SBI Credit Card?
A: Eligible users can apply for the card directly through the PhonePe app. The application process is fully digital and designed for ease of use.

Don’t meet income eligibility? You can still enjoy SBI card benefits. Learn how to apply for an SBI credit card against fixed deposit with minimal documentation.

Q: PhonePe SBI PURPLE vs. SELECT BLACK: What's the difference?
A: The SELECT BLACK card is a premium offering with higher reward rates and extensive travel benefits like international lounge access. The PURPLE card is an affordable option focused on providing great value for everyday digital spending.

Q: How to link the PhonePe SBI RuPay Card to UPI?
A: The RuPay variant of the PhonePe SBI Card can be easily linked to your UPI ID within the PhonePe app, allowing you to make seamless scan-and-pay transactions at millions of merchants.

Q: How do I redeem PhonePe SBI Card reward points?
A: You can redeem your accumulated reward points as statement credit to offset your bill or as e-gift vouchers from top brands through the SBI Card Rewards portal.

Q: What is the welcome offer on the PhonePe SBI co-branded card?
A: Both cards come with a valuable welcome offer. Cardholders receive an e-gift voucher equivalent to the joining fee upon payment of their first bill.

Instead of guessing, you get to explore and understand over 90+ top credit cards in India to find the one that best fits your lifestyle and spending behaviour.