Welcome Benefit: Credit cardholders will get a free gift card worth INR 500.
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PhonePe SBI Card Purple
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Credit cardholders will get a free gift card worth INR 500.
Milestone Benefits
Milestone Benefits: Get a travel gift voucher worth INR 3,000 on spending INR 3 Lakhs in a year.
Cashback Rate
Value of 1 reward point = INR 1.
3 Reward points on Phonpe spends and Pincode (hyperlocal delivery app) spends such Recharges, Bill Payments, Insurance, Flights, Hotels, Pincode (a hyperlocal delivery app) & more.
PhonePe Pincode Cashback Rate: 3%.
2 reward points on spend of INR 100 on Swiggy, Zomato, Uber, Myntra , Nykaa, BookMyShow, MakeMyTrip, Blinkit, District, Zepto, Rapido + 1000 brands.
Special Cashback Rate: 2%.
1 reward point on all other spends.
General Cashback Rate: 1%.
Movie Benefits
None
Dining Benefits
2 reward points on spend of INR 100 on Swiggy, Zomato, Uber, Myntra , Nykaa, BookMyShow, MakeMyTrip, Blinkit, District, Zepto, Rapido + 1000 brands. Special Cashback Rate: 2%.
Other Benefits
Annual fee reversal on credit card spends of INR 1 Lakhs or more in a calendar year.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Credit cardholders will get a free gift card worth INR 500.
Milestone Benefits
Milestone Benefits: Get a travel gift voucher worth INR 3,000 on spending INR 3 Lakhs in a year.
Cashback Rate
Value of 1 reward point = INR 1.
3 Reward points on Phonpe spends and Pincode (hyperlocal delivery app) spends such Recharges, Bill Payments, Insurance, Flights, Hotels, Pincode (a hyperlocal delivery app) & more.
PhonePe Pincode Cashback Rate: 3%.
2 reward points on spend of INR 100 on Swiggy, Zomato, Uber, Myntra , Nykaa, BookMyShow, MakeMyTrip, Blinkit, District, Zepto, Rapido + 1000 brands.
Special Cashback Rate: 2%.
1 reward point on all other spends.
General Cashback Rate: 1%.
Movie Benefits
None
Dining Benefits
2 reward points on spend of INR 100 on Swiggy, Zomato, Uber, Myntra , Nykaa, BookMyShow, MakeMyTrip, Blinkit, District, Zepto, Rapido + 1000 brands. Special Cashback Rate: 2%.
Other Benefits
Annual fee reversal on credit card spends of INR 1 Lakhs or more in a calendar year.
Lounge Access
None.
Fees & Charges
Joining Fee
INR 499 + GST
Annual Fee
INR 499 + GST
Cash Advance Fee
2.5%
Interest rate
3.75% per month, 45% per annum
Late Payment Fee
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Foreign Currency Transactions Fee
3.5%
Other Fees
Reward Redemption Fee: INR 99
Fees & Charges
Joining Fee
INR 499 + GST
Annual Fee
INR 499 + GST
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
3.75% per month, 45% per annum
Late Payment Fee
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Foreign Currency Transactions Fee
3.5%
Other Fees
Reward Redemption Fee: INR 99
Special Features
None.
Eligibility Criteria
Age: You must be minimum 21 and maximum 70 years old.
Income: You must have a stable source of income.
Credit score: A good credit score is generally required.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
There are three major ways to apply for the PhonePe SBI Card Purple:
1. Online:
This is fast and easy method.
Visit the SBI Card website.
Choose the "Credit Cards" tab and navigate to PhonePe SBI Card Purple.
Click on "Apply Now" button and fill out the online application form with all your details.
Upload the requisite documents, such as proof of identity, proof of address, and proof of income.
Submit the application form.
2. Offline:
This method involves visiting a SBI branch.
Ask for the PhonePe SBI Card Purple application form.
Fill out the form with all of your details.
Attach the requisite documents.
Submit the application form to the bank.
3. By Phone:
Contact the SBI Card helpline at 1860-180-1290 or 3902-0202.
Request for an PhonePe SBI Card Purple application form.
The bank will then send you the form by courier.
Fill out the form with all of your details.
Attach the requisite documents.
Send the completed application form back to the bank.
Contact Details
N/A
Account Opening and Procedure
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Application Procedure
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai