M16S / State Bank of India (SBI Card) / PhonePe SBI Card PURPLE
entry · cobrand, rewards, upi
PhonePe SBI Card PURPLE
The PhonePe SBI Card PURPLE costs Rs 499 a year, waived if you spend Rs 1,00,000 in a year. Its base return is 1% (1 RP per Rs 100 on other spends). Accelerated earn: 3 RP per Rs 100 on eligible PhonePe spends; 2 RP per Rs 100 on eligible online spends. The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 499+ GST
- Fee waived at
- Rs 1,00,000annual spend
- Base return
- 1%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on sbicard.comOpens the bank’s own page.
Fees
| Joining fee | Rs 499 |
|---|---|
| Annual fee | Rs 499 |
| Annual spend that waives the fee | Rs 1,00,000 |
| Fee notes | Annual fee reversed on spends of Rs 1 lakh or more in the previous membership year. Aggregator shows joining fee as zero under a limited-time offer. |
Rewards
| Welcome benefit | PhonePe gift card worth Rs 500 |
|---|---|
| Reward currency | Reward Points |
| Base earn | 1 RP per Rs 100 on other spends |
| Base return | 1% |
| Point value | 1 RP = Re 1; redeem against vouchers or for cash |
| Accelerated earn | 3 RP per Rs 100 on eligible PhonePe spends; 2 RP per Rs 100 on eligible online spends |
| Capsunverified | Monthly caps revised 1 Jul 2026. Issuer PDF lists: PhonePe spends max 1,000 RP, online max 1,000 RP, insurance max 250 RP, other spends max 750 RP (old/new columns not cleanly readable). Aggregator shows PhonePe 1,000 (750 non-insurance + 250 insurance), online 750, other 1,000. |
| Spends that earn nothing | Wallet loads, fuel, rent/property management, school and education, government, digital gaming, finance charges, Encash, ATM cash, Flexipay, merchant EMI. From 1 Jul 2026 (issuer PDF) also: tolls (MCC 4784), gifts and souvenirs (5947), jewellery (5094, 5944), educational institutions (8220), and utilities (4900, 4814, 4899), insurance (5960, 6300, 6380) and UPI when not done in the PhonePe app |
| Points expiryunverified | 1 year (aggregator); issuer MITC states 24 months generally |
| Milestone benefits | Yatra voucher worth Rs 3,000 on Rs 3 lakh annual spend |
| Reward notes | base_return_pct = 1 RP per Rs 100 x Re 1 (both stated on the product page). Exempt from the 60,000-point monthly cap and 4,000-point multiple rule on statement-credit redemption (issuer notice). |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on fuel txns Rs 500-3,000, cap Rs 100 per statement cycle |
| Other freebies | None |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | On outstanding amount due: Nil up to Rs 100; Rs 100 (>100-500); Rs 500 (>500-1,000); Rs 750 (>1,000-10,000); Rs 950 (>10,000-25,000); Rs 1,100 (>25,000-50,000); Rs 1,300 (>50,000); plus Rs 100 if minimum due missed two cycles running (slabs as revised 1 May 2026) |
| Cash advance fee | 2.5% of amount, min Rs 500; ATM limit Rs 15,000/day; interest from day one |
| Fine-print notes | Issuer product page (rendered text) read 2026-10-12; fees, forex, interest and penalty fields are from the issuer MITC/KFS; fields not listed in unverified_fields are from the product page or other issuer documents. Page vs earlier value: fuel_surcharge_waiver was '1% on fuel txns Rs 500-4,000' (cardinsider.com), page says Rs 500-3,000 with a Rs 100 cap per statement cycle. Aggregator details the page does not state: PhonePe-spend categories (recharges, bill payments, utilities, insurance, travel), Scan & Pay earning the base rate, RuPay network, 1-year points expiry. Page lists no lounge benefit. Network shown by aggregator as RuPay (JCB). Issuer-wide (MITC): rent payments carry Rs 199 fee; utility bills totalling over Rs 50,000 in a cycle carry 1% fee; wallet loads over Rs 1,000 carry 1% fee; education payments via third-party apps carry 1% fee; forex markup is not reversed on refunds; fees shown exclude 18% GST. |
Questions
- What is the annual fee of the PhonePe SBI Card PURPLE?
- Rs 499 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.
- Does the PhonePe SBI Card PURPLE give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the PhonePe SBI Card PURPLE?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the PhonePe SBI Card PURPLE?
- Wallet loads, fuel, rent/property management, school and education, government, digital gaming, finance charges, Encash, ATM cash, Flexipay, merchant EMI. From 1 Jul 2026 (issuer PDF) also: tolls (MCC 4784), gifts and souvenirs (5947), jewellery (5094, 5944), educational institutions (8220), and utilities (4900, 4814, 4899), insurance (5960, 6300, 6380) and UPI when not done in the PhonePe app