PhonePe SBI Card PURPLE
SBI Card · Checked 2026-10-09
PhonePe SBI Card PURPLE is a paid card focused on straightforward cashback, online spending and shopping rewards, charging ₹499 annually before GST.
CardIQ editorial view
Our take
PhonePe SBI Card PURPLE is a paid card focused on straightforward cashback, online spending and shopping rewards, charging ₹499 annually before GST.
Who it suits
- People who prioritise straightforward cashback.
- People who prioritise online spending.
- People whose normal usage can recover the annual fee through relevant benefits.
Key strengths
- 3 points per ₹100 on eligible PhonePe categories; 2 per ₹100 on eligible online spends; 1 per ₹100 on other eligible spends.
- PhonePe acceleration covers recharges, utilities, bills, insurance and travel; Scan & Pay earns the base rate.
Trade-offs to understand
- 1 point = ₹1. Monthly caps: 750 points on PhonePe non-insurance, 250 on insurance, 750 online and 1,000 on other spends.
- The ₹499 annual fee plus GST needs to be justified by benefits you will actually use.
CardIQ verdict
It deserves a place on the shortlist when your normal spending makes 3 points per ₹100 on eligible phonepe categories; 2 per ₹100 on eligible online spends; 1 per ₹100 on other eligible spends valuable enough to clear the fee. Factor in this condition: 1 point = ₹1. Monthly caps: 750 points on PhonePe non-insurance, 250 on insurance, 750 online and 1,000 on other spends.
Compare before deciding
- AU Altura+ — A similarly priced alternative for comparing shopping rewards and reward points.
- RBL Bank Patanjali Vishisht — A similarly priced alternative for comparing shopping rewards and reward points.
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Benefits, limits and conditions
- 1 point = ₹1. Monthly caps: 750 points on PhonePe non-insurance, 250 on insurance, 750 online and 1,000 on other spends.
- PhonePe acceleration covers recharges, utilities, bills, insurance and travel; Scan & Pay earns the base rate.
- UPI outside PhonePe earns no points from 1 July 2026.