PhonePe has teamed up with SBI Card to launch two co-branded credit cards: the PhonePe SBI Card PURPLE and the PhonePe SBI Card SELECT BLACK. These cards are designed to reward users on their daily spends like groceries, bill payments, travel bookings, and shopping, both online and offline.
The cards are available on both RuPay and VISA networks, giving users the flexibility to choose what suits them best. The RuPay variant can be linked to UPI, while the VISA version can be securely used on multiple online platforms through tokenization on PhonePe.
What really stands out is the seamless experience—users can apply for the card directly from the PhonePe app, use it for purchases, and even pay the credit card bill within the same platform. It’s all digital and hassle-free.
The SELECT BLACK variant is packed with benefits. Users get a ₹1,500 welcome voucher on paying a ₹1,499 joining fee, and can earn up to 10% back as reward points on PhonePe and Pincode spends. For other online spends, it offers 5% back, and 1% back on everything else. There are perks like a ₹5,000 travel voucher on reaching ₹5 lakh in annual spends, domestic lounge access, and a Priority Pass for international travel.
On the other hand, the PURPLE card offers a more affordable entry point with a ₹499 joining fee and a ₹500 welcome voucher. Users earn up to 3% on PhonePe and Pincode, 2% on other online spends, and 1% on the rest. There’s also a ₹3,000 travel voucher on spending ₹3 lakh in a year, and lounge benefits too.
Both cards include a fuel surcharge waiver and offer the option to reverse the renewal fee if annual spend targets are met. The cards will be rolled out in phases to eligible customers on the PhonePe app.
