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PhonePe SBI Card PURPLE credit card
SBI Card

PhonePe SBI Card PURPLE

Checked against SBI Card's 8 documents for this card on 04 Nov 2026
COFFER Safety Stars3 of 5See the five checks
Interest
0 of 1
Foreign spends
0 of 1
Spend fees
1 spend fees · Education / school fee charge1 of 1
Clarity
The bank's documents answer 13 of 13 cost questions1 of 1
Fine print
No gaps found1 of 1

Rated 09 Nov 2026 after reading every document the bank publishes for this card. Not a recommendation. How we rate

Open to new applications · Earns Reward Point

First-year fee

₹499 + GST

Annual fee

₹499 + GST

Rs. 499 + taxes from second year onwards

What it gives back

1 Reward Point per ₹100 · everyday spends

Read from 8 SBI Card documents, last checked 8 Nov 2026.

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How it compares

Compared with the cards we have read

₹499 annual fee: of the 447 other open cards whose annual fee we have read, 159 state a lower one, 48 state the same and 240 state a higher one.

3.5% forex markup: of the 480 other open cards whose forex markup we have read, 162 state a lower one and 318 state the same.

Get alerts for this card

SBI Card also has 2 notices for its cardholders that don't name cards

Fees

  • Renewal feeJoining fee

    ₹499 + GSTRs. 499 + taxes from second year onwards

  • Fee waiver rule

    Fee waived if you spend ₹1 lakh.

  • Add-on card fee

    Add on Fee (p.a.): Nil.

Rewards

  • Reward rate

    1 Reward Point per ₹100 · everyday spends1 Reward Point per ₹100 on other spends.

  • Online earning

    2 Reward Points per ₹100 on eligible online spends.

Also included

  • Fuel surcharge waiver

    Enjoy a 1% fuel surcharge waiver on every transaction between ₹500 and ₹3,000 at all petrol pumps across India.

  • Add-on card eligibility

    Empower your family with add-on cards for your parents, spouse, children or siblings above the age of 18.

Charges

  • Forex markup

    3.5% on foreign currency transactions.

  • Cash advance fee

    2.5% or ₹500 whichever is higher (domestic & international ATMs)

  • Interest on unpaid balance

    3.75% p.m. (45% p.a.) for unsecured cards.

  • Interest-free period

    20 to 50 days interest-free when you pay in full.

  • Late payment fee

    From Nil (amount due ₹0 to ₹100) to ₹1,300 (amount due above ₹50,000)

  • Cash payment / cash deposit fee

    Cash Payment Fee: Revised from ₹199 to ₹250 w.e.f. 01 Sep 2021

  • Education / school fee charge

    Fee on Education Payments: W.e.f 1st Nov 2025, 1% of the transaction amount applicable on Education Payments made through third-party apps. However, payments made directly to colleges or schools via their websites or POS machines will not attract any fee.

  • Grace days after the due date

    Grace period of 3 days is allowed from the payment due date on credit card accounts, where payments are not overdue from previous billing cycle (s)

Eligibility

  • Age the primary cardholder must be

    21 to 60 years

  • Eligibility

    Salaried or Self-Employed with stable income.

  • Minimum age

    Minimum 21 years

Ways to redeem your points

Points expiring? Use Expiry Rescue

In the terms, not the brochure (1)

  • Whether carrying a balance ends the interest-free period

    Interest free credit period applicable only on retail purchases and if previous month’s outstanding balance is paid in full

How we know - 8 documents from SBI Card, checked 8 Nov 2026

8 documents from SBI Card, checked 8 Nov 2026.

On these lists

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₹499 a year

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