PhonePe SBI Purple Credit Card

The following are the key highlights of the PhonePe SBI Purple Credit Card:

Welcome Gift

• ₹500 PhonePe Gift Card.
• The card will be shared with the cardholder over their registered E-mail ID/ mobile number within 45 days of realisation of the joining fee.
• Once added to the PhonePe App, the card balance will be valid for 12 months.

PhonePe Rewards

• 3 reward points on every eligible ₹100 PhonePe and Pincode spend.
• 2 reward points on every eligible ₹100 online spend.
• 1 reward point on every ₹100 spent on other categories.
• 1 reward roint = Re. 1
• Reward points do not apply to fuel transactions, rent payments, wallet upload, education services, government spends, EMI transactions, and cash withdrawals.
• Reward points can be redeemed against a wide array of vouchers or for cash.

Exclusive Milestone Benefits

• Yatra Voucher worth ₹3,000. 
• Applicable for achieving annual spends of ₹3 Lakhs.

Annual Fee Reversal

• The annual fee is reversed on spending ₹1 Lakh or more in the previous membership year.
• Fee reversal is preconditioned on the fee charged during the renewal cycle.

Fuel Surcharge Waiver

• 1% fuel surcharge waiver across petrol pumps in India.
• To avail of this benefit, the fuel purchase value should be ₹500 to ₹3,000 (excluding GST and other charges).
• The maximum surcharge waiver available is ₹100 per statement cycle, per credit card account.

Other Benefits

• Avail of up to 3 add-on cards for your family members (parents, spouse, children or siblings aged above 18 years).
• Withdraw cash from more than 1 million Visa/ Mastercard/ American Express ATMs worldwide.
• Get enhanced security against any counterfeiting or skimming with the chip and pin-enabled PhonePe SBI Card PURPLE.
• PhonePe SBI Card PURPLE enables you to pay electricity, telephone, mobile and other utility bills through the Easy Bill Pay facility. 
• With Flexipay, you can convert your transactions of ₹2,500 or more into EMIs.
• You have the flexibility to transfer the outstanding balance of other banks’ credit cards to PhonePe SBI Card PURPLE, for a lower interest rate.

The following are the fees and charges associated with the PhonePe SBI Card PURPLE:

• Joining fee: ₹499 + taxes.
• Annual fee: ₹499 + taxes; Reversed on spending ₹1 Lakh or more in the previous membership year.
• Add-on card fee: Nil.
• Foreign currency transaction fee: 3.5%.
• Finance charges: Up to 3.75% per month (45% per annum).
• Cash payment fee: ₹250 + applicable taxes.
• Cash advance fee: 2.5% of transaction amount or ₹500, whichever is higher.
• Over limit fees: 2.5% of the overlimit amount exceeding the credit limit or ₹600, whichever is higher.
• Late payment charges: Up to ₹1,300 (depends on the outstanding amount). 
• Additional late payment charges: ₹100 (levied on missing payment of Minimum Amount Due) by the due date for 2 consecutive cycles. 
• Payment dishonor charges: 2% of the payment amount (minimum ₹500).
• Utility Payment Fee: 1% on the total utility payment amount (if the total of all utility payments in a billing cycle exceeds ₹50,000).
• Cheque payment fee: ₹200.
• Rewards redemption fee: ₹99 applicable only on physical products.
• Card replacement charges: ₹100 to ₹250.
• Processing fee for rent payment transactions: ₹199. 
• Dynamic & static currency conversion markup fee: 3.5% (for transactions of ₹1,000 or more).

The eligibility criteria for the SBI PhonePe Card PURPLE are as follows:

• You must be legally competent to apply for the card. 
• You must be above 18 years of age and of sound mind.
• You must be a resident of India. 
• You must not be prohibited by applicable law from applying for the card.

Below is the list of documents required to apply for the PhonePe SBI Card PURPLE:

• Identity proof: PAN Card, Passport, Aadhaar Card, etc.
• Address proof: Aadhaar Card, Utility Bill, etc.
• Income proof: Latest salary slips, bank statements, or ITR.
• Photographs: Recent passport-sized photographs of the applicant.

If you want to get a PhonePe SBI Card PURPLE, you can apply online on our portal by following the steps given below:

• Click on the ‘Credit Card’ tab on the homepage and select ‘SBI Credit Card’ from the dropdown menu. 
• Select the desired credit card from the available options. 
• Click on the ‘Apply Now’ tab and enter all the necessary details.
• Verify your mobile number with the OTP received.
• You will be contacted by our credit card expert to assist you in completing the credit card application process.