At a Glance
Key Benefits
3X on PhonePe, 2X online, Rs 500 welcome, Rs 3,000 Yatra voucher
Lounge Access
No lounge access benefits
Eligibility
Salaried: Rs 20,000+/month, Age: 21-60 years, CIBIL: 650+
Quick Details
Reward Structure
All Spends
Online
PhonePe & Pincode
Reward Calculator
Milestone Benefits
Rs 500 PhonePe Gift Card on first transaction within 30 days
value
Rs 3,000 Yatra voucher on Rs 3 lakh annual spend
Spend ₹3,00,000 within 365 days
value
Insurance Coverage
Lost Card
₹0
Zero liability for lost card transactions when reported within 3 days.
Fraud
₹0
Zero liability for unauthorized transactions.
Quick Analysis
The PhonePe SBI Card PURPLE is an affordable entry into the PhonePe rewards ecosystem. With 3X on PhonePe and 2X on online spends at just Rs 499 annual fee, it suits users who want moderate rewards without premium card costs.
Pros
- 3X rewards on PhonePe and Pincode transactions
- 2X rewards on all online spends
- Low annual fee of Rs 499, easy to waive with Rs 1 lakh spend
- Rs 500 PhonePe Gift Card as welcome benefit
- Rs 3,000 Yatra voucher on Rs 3 lakh annual spend
Cons
- Lower rewards compared to SELECT BLACK variant
- No lounge access benefits
- No Priority Pass membership
- 3.5% forex markup is high for entry-level card
Best For
Budget-conscious PhonePe users and online shoppers
Not Ideal For
Frequent travelers and high spenders
Frequently Asked Questions
What is the annual fee for PhonePe SBI Card PURPLE?
How do rewards work on PhonePe SBI Card PURPLE?
Is there lounge access with PhonePe SBI Card PURPLE?
What is the welcome benefit for new cardholders?
What is the difference between PURPLE and SELECT BLACK variants?
User Reviews
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