Eligible spend
1 points per ₹100 on eligible spend
SBI RUPAY
PhonePe SBI PURPLE
Should you get this?
Usually skip
Why this card
- Low annual fee of ₹499.
- Published base rewards of 1 pt / ₹100.
Trade-off
The annual fee (₹499) is waived only when eligible annual spend exceeds ₹1,00,000.
Annual fee ₹499 per year
Rewards 1 pt / ₹100
Lounge access 0 no lounge
Forex markup 3.5% high
Compare with Axis Bank ACE →
Similar tier comparison
What it costs to get, and to keep
Joining vs renewalFirst year
₹499joining fee
From year 2
₹499renewal fee
Waived above ₹1,00,000 eligible annual spend
Welcome offer
₹500 PhonePe e-gift voucher on joining
PhonePe
Qualification and fulfilment conditions apply
Rewards
Earning rules
Detail · from the summary aboveScopeRateEligibilityLimit
General spend1 pt / ₹100Credited as reward pointsDoes not earn on —
- education
- fuel
- insurance off platform
- jewellery
- toll
- upi off platform
- utility off platform
PhonePe (domestic)3 pts / ₹100Credited as reward points · app only · additional conditions apply — not fully modelled750 points per month; at 3 pts / ₹100, this lane reaches the cap at ₹25,000 of eligible spend
Online shopping2 pts / ₹100Credited as reward points · online only · additional conditions apply — not fully modelled750 points per month; at 2 pts / ₹100, this lane reaches the cap at ₹37,500 of eligible spend
How to avoid the annual fee
Spend threshold for waiver Above ₹1L annual eligible spend required for the waiver
Annual fee is ₹499. The issuer doesn't publish a documented cash value for its reward points, so a reliable rewards break-even estimate can't be shown.
Reward reality — the earning-rate detail behind the numbers above
Reward reality
Conclusion · what you actually getPoint value
Not published by issuer — varies by redemption
Best verified lane
(domestic)
3 pts / ₹100
View bonus categories →Caps
- PhonePe (domestic)750 points per month
Why?
at 3 pts / ₹100, this lane reaches the cap at ₹25,000 of eligible spend
- Online shopping750 points per month
Why?
at 2 pts / ₹100, this lane reaches the cap at ₹37,500 of eligible spend
No reward on
- Education
- Fuel
- Insurance premiums
- Utility spends outside the eligible platform / app
- +3 more
Realisation
Credited as reward points
Costs & fees
Spending requirements
Spend gates · caps · milestone thresholdsRequirementAmountPeriodUnlocks
Annual fee waiver₹1,00,000yearAnnual fee waiver
Watch outs
Before choosing this card- Forex markup is 3.5%, so frequent international spends may be costly.
Estimated usage
Example usage at this monthly spend
₹
- At this monthly spend, you'd earn: Based on the standard earn rate (1 pt / ₹100). Up to ~500 pts/month if the entire spend qualifies. Excluded transactions and category rules earn less. Partner bonuses aren't included.
- We can estimate the points earned, but not a verified ₹ value yet.
- Fee waiver achievable at this spend
- Forex cost ~₹1,750 per ₹50k international spend
Illustrative only, using current base rates and snapshot data.
Benefits & charges
Side-by-side factsBenefits
Lounge Access
- Domestic (cardholder)
- No complimentary lounge access
- International (cardholder)
- No international lounge entitlement documented by the issuer Absence of an international claim on the product page is not proof of exclusion. Visa or programme terms may still apply.
Issuer documented · single source · verify on issuer site
Where to verify
Rewards
- Base earn
- 1 points per ₹100 value depends on redemption
Fees & charges
Fees
- Monthly interest rate
- 3.75% / month
- Annual fee
- ₹499
- Joining fee
- ₹499 · verified 4 Jul 2026
- Fee waiver spend
- Above ₹1,00,000 · verified 3 Sept 2026 Annual fee waived on eligible anniversary-year spend above ₹1,00,000.
- Interest-free period
- Up to 50 days · verified 7 Jul 2026
International Use
- Forex markup
- 3.5%
Issuer documented · corroborating sources · verify issuer terms before applying
Where to verify
- Shared Sbicard Com
- Operator-verified anchor
- Product tier
- Entry-level
Travel & perks
Fuel Benefits
At the pump- 1% fuel surcharge waived on transactions ₹500–₹3,000.
- Maximum waiver ₹100 per month.
- Fuel transactions do not earn reward points.
Fine print & compare
Compare with similar cards
Similar tier · similar benefitsThe fine print
Caps · exclusions · earning · redemption · last refreshCaps & limits
- PhonePe cap: 750 points per month; at 3 pts / ₹100, this lane reaches the cap at ₹25,000 of eligible spend.
- Online cap: 750 points per month; at 2 pts / ₹100, this lane reaches the cap at ₹37,500 of eligible spend.
Exclusions: 7
These spends do not earn reward points.
Payments
- Education
Financial
- Fuel
- Insurance premiums
Utilities
- Utility spends outside the eligible platform / app
Other
- Toll and bridge excluded from earn (SBI revision effective 1-Jul-2026)
- Jewellery purchases excluded from earn
- UPI made outside the PhonePe app excluded from earn (from 1-Jul-2026)
Latest update
- Annual fee: ₹499.
- Forex markup currently listed at 3.5%.
- No complimentary lounge access.
Common questions
From verified card factsIs this good for lounge access?
No lounge access.
Is this good for international spends?
Forex markup is 3.5%, so frequent international spends may be costly.
Is the annual fee easy to recover?
Fee waiver applies above ₹1,00,000 annual spend. Verify eligible spend exclusions before counting on it.
When do welcome benefits arrive?
₹500 PhonePe e-gift voucher on joining. Included items: PhonePe — ₹500 welcome e-gift voucher upon joining fee payment of ₹499. Timing may depend on joining fee payment, card activation, first eligible transaction, or issuer processing.
Learn more
Guides matched to this card — not a random syllabus.
- How reward rate works
Pts / ₹100 without the marketing fog - Billing cycle
Statement date vs due date, clearly - How interest works
The real cost of paying the minimum