UPI & RuPay·SBI Card

PhonePe SBI Card PURPLE

Budget PhonePe SBI card — 3% on app spends and 2% online. Jul 2026 monthly caps reduced on accelerated tiers.

Age 21–60 · From ₹25,000/mo income · Unsecured

Key Benefits

All 13 benefits →

PhonePe app spends
3%
250 insurance + 750 other pts/mo (Jul 2026)
Online spends
2%
750 pts/mo (Jul 2026)
Other spends
1%
Scan & Pay on any UPI app at base rate
Redemption
₹1/point
Statement credit or gift vouchers

Signup bonus: ₹500 (year 1)

Zero sales calls. Ever.

Caps & exclusions verified · 2026-09-21

At the bank: You complete the application on their website. The bank may follow up on that application — CardHungry never calls or texts you.

We earn commission if approved — at no cost to you.

WhatsApp updates

Recent changes

Issuer updates and CardHungry deep-dives that affect this card.

26 Sep 2026
PhonePe SBI Card Rewards Cut From July 2026: What You Actually Lose (With Numbers)
The earn rates are the same. The monthly caps are not — and heavy online or insurance spenders lose the most.

All Benefits

Rewards, lounge rules, fee perks, and extras — sourced from public issuer information.

PhonePe app spends: 3% (cap 250 insurance + 750 other pts/mo (Jul 2026)) — Was 1,000 combined
Online spends: 2% (cap 750 pts/mo (Jul 2026)) — Down from 1,000 pts/mo
Other spends: 1% — Scan & Pay on any UPI app at base rate
Redemption: ₹1/point — Statement credit or gift vouchers
Milestone: ₹3,000 Yatra voucher — At ₹3L annual retail spend
3% on PhonePe app spends
₹500 PhonePe welcome voucher
Fee waiver at ₹1L prior-year spend
Annual fee waiver at ₹1,00,000 yearly spend
Welcome bonus up to ₹500
Best for: PhonePe bill payers on a budget
Best for: Light online shoppers
Best for: RuPay UPI credit users

Source: PhonePe SBI PURPLE T&Cs (revised Jul 2026)

Good for

PhonePe bill payers on a budget
Light online shoppers
RuPay UPI credit users

Skip if

Most of your spend is on excluded categories (Fuel, Wallet top-ups)
You travel internationally often (3.5% forex markup)

UPI & RuPay

Earn on UPI credit payments via RuPay-linked cards

UPI rewards (credit on UPI)

Earns on UPI

UPI rate3% on PhonePe app spends (1% base on other UPI apps)

UPI cap250 pts/mo insurance + 750 pts/mo other PhonePe spends

RuPay variant — 3% on eligible PhonePe app spends; 1% on Scan & Pay via other UPI apps. Jul 2026 monthly caps apply.

UPI credit uses RuPay-linked cards on apps like GPay, PhonePe, and Paytm. Rates and exclusions follow issuer MITC — verify before relying on UPI for rewards.

Reward Structure

Source: PhonePe SBI PURPLE T&Cs (revised Jul 2026)

PhonePe app spends

ChangedWas 1,000 combined See what changed

Cap: 250 insurance + 750 other pts/mo (Jul 2026)

Example: ₹10,000/mo spend → ≈ ₹300/mo

Online spends

ChangedDown from 1,000 pts/mo See what changed

Cap: 750 pts/mo (Jul 2026)

Example: ₹10,000/mo spend → ≈ ₹200/mo

Other spends

Scan & Pay on any UPI app at base rate

Example: ₹10,000/mo spend → ≈ ₹100/mo

Redemption

Statement credit or gift vouchers

₹1/point

Milestone

At ₹3L annual retail spend

₹3,000 Yatra voucher

Excluded categories (no rewards)

FuelWallet top-upsRentEMICash advanceTolls & bridgesJewellerySchool & college feesGift cardsBill pay outside PhonePe appUPI scans outside PhonePe app (no accelerated earn)

Fee waiver at

₹1,00,000 annual spend

Net value at a glance

Based on moderate spend for this market

Est. net annual

₹3,508

per year

Annual fee

Free

per year

Effective return

0.9%

of spend

Net value snapshot

Rewards minus annual fee on your spend profile

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Fees & Charges — Full Disclosure

Annual fee ₹499 · Forex 3.5% on international transactions — tap for full fees

Joining fee

Charged in first year · Bank-listed face fee (ex-GST). NAV math uses face × 1.18 GST.

₹499

Annual / renewal fee

Waived on ₹1,00,000 annual spend

₹499

Forex markup

3.5% on international transactions

Finance charges

≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid

Late payment fee

₹400–₹1,300 depending on statement balance — always pay on time

Reward redemption fee

Usually ₹0 for cashback cards; points cards may have ₹99+ redemption fee

Example: moderate user · Steady year

Gross rewards+ ₹3,928

Annual fee (incl. 18% GST)− ₹0

Forex cost− ₹420

Steady net / year₹3,508

Signup bonus is excluded here — switch to Year 1 on the hero or open the calculator for first-year value.

Formulas and assumptions: How we calculate NAV

Eligibility Snapshot

21–60 years · ₹25,000/mo — tap for full criteria

Minimum age21–60 years

Min income (salaried)₹25,000/mo

Min income (self-employed)₹3,00,000/year

Employment acceptedsalaried, self employed

Credit historyNo minimum stated

CIBIL checkBank checks at application — CardHungry never pulls your score

Secured optionUnsecured card only

Card tierGold — mid-tier mass premium

Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.

FAQ

How much can I actually earn with PhonePe SBI Card PURPLE?+

At moderate spend (₹31,000/mo), gross rewards are about ₹3,928/year. After the ₹499 annual fee, net value is approximately ₹3,508/year. Use the calculator above to model your own spends.

What is the minimum income for PhonePe SBI Card PURPLE?+

₹25,000/month for salaried applicants (indicative — bank decides).

What spends do NOT earn rewards?+

Fuel, Wallet top-ups, Rent, EMI transactions, Cash advance, Tolls & bridges, Jewellery, School & college fees, Gift cards, Bill pay outside PhonePe app, UPI scans outside PhonePe app (no accelerated earn).