Comparison of PhonePe SBI Select Black and Purple Credit Card

India’s digital payments ecosystem is growing rapidly, and to enhance the user experience further, PhonePe has partnered with SBI Card to launch two new co-branded credit cards:

• PhonePe SBI Select Black Credit Card
• PhonePe SBI Purple Credit Card

These cards are available on both Visa and RuPay networks and are designed to provide exciting cashback and reward benefits. Earlier, PhonePe had collaborated with HDFC Bank to launch Altimo and Oro credit cards. But this time, the benefits offered in partnership with SBI seem to be more lucrative.

Benefits of PhonePe SBI Select Black Credit Card

1. 10% Value Back on PhonePe App Spends
   • Earn 10 reward points per ₹100 spent on categories like mobile recharges, bill payments, insurance, flights, hotel bookings, and PhonePe’s Pincode app.

   • Each point is worth ₹1, which can be redeemed either against the card statement or for gift vouchers.

2. 5% Cashback on All Online Merchants
   • Includes Amazon, Flipkart, Myntra, Nykaa, Ajio, and more – no brand restrictions like HDFC’s Altimo card.

3. 1% Cashback on Other Transactions
   • Applies to offline payments and UPI transactions made using the credit card.

4. Monthly Rewards Capping
   • 10% category: up to 2,000 points/month

   • 5% category: up to 2,000 points/month

   • 1% category: up to 2,000 points/month

   • Total savings potential = ₹6,000 worth of reward points/month

5. Welcome Benefit
   • ₹1,500 PhonePe voucher after paying the first bill.

6. Airport Lounge Access
   • 4 free domestic lounge visits per year with no spend milestone.

   • Also includes a 2-year Priority Pass membership worth ₹8,000.

7. Milestone Benefit
   • Spend ₹5 lakhs in a year to receive a ₹5,000 ClearTrip voucher.

8. Fees & Waivers
   • Joining Fee: ₹1,499 + GST
   • Annual Fee: ₹1,499 (waived on ₹3 lakh annual spend)

Benefits of PhonePe SBI Purple Credit Card

1. 3% Cashback on PhonePe App Spends
   • Earn ₹3 cashback per ₹100 spent.

2. 2% Value Back on Online Merchants
   • Reward points worth ₹2 per ₹100 spent, redeemable against statements or vouchers.

3. 1% Cashback on Other Transactions
   • Applies to UPI, offline, and non-PhonePe app payments.

4. Welcome Benefit
   • ₹500 PhonePe voucher after paying the first bill.

5. Milestone Benefit
   • Spend ₹3 lakhs annually to receive a ₹3,000 ClearTrip voucher.

6. Fees & Waivers
   • Joining Fee: ₹499 + GST (fully offset by welcome voucher)
   • Annual Fee: ₹499 (waived on ₹1 lakh annual spend)
     

Final Verdict – Which Card Should You Pick?

If you’re looking for maximum value-back, no brand restrictions, and generous reward limits, the PhonePe SBI Select Black Credit Card is the superior choice. For moderate users, the Purple Credit Card is a great option with a lower annual fee and a welcome benefit that offsets the joining fee entirely.

Both cards are ideal for users who regularly use the PhonePe app, make online purchases, or travel frequently. You can apply for either card directly through the PhonePe app or the official SBI Card website.

So, which card are you planning to go for? Let us know in the comments!
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Disclaimer: The information provided in this blog post is for informational and educational purposes only. Readers are advised to verify all terms and conditions directly from the official websites of SBI Card or PhonePe before applying.

Source: PhonePe