&w=3840&q=100)
New PhonePe SBI Cards offer up to 10% back on groceries, bills, travel
Sunainaa Chadha NEW DELHI
SBI Card, one of India's largest credit card issuers, has partnered with fintech giant PhonePe to launch two co-branded credit cards: PhonePe SBI Card PURPLE and PhonePe SBI Card SELECT BLACK. These cards offer generous rewards on everyday spends, exclusive benefits, and seamless app-based integration.
The cards are available on RuPay and VISA networks, with RuPay cards also supporting UPI payments — a key feature for PhonePe's 63 crore users.
What is in it for you?
PhonePe SBI Credit Card SELECT BLACK
Welcome Benefit:
₹1500 PhonePe e-gift voucher on joining fee payment
Reward Benefits:
Accelerated Rewards on PhonePe and Pincode Platform: Earn up to 10% value back as reward points on in-app transactions
Accelerated Rewards on Online Spends: Earn up to 5% value back as reward points on online spends
Base Rewards: Earn up to 1% value back as reward points on all other eligible spends
Milestone Benefits:
Enjoy a travel voucher worth ₹5,000 on achieving annual spends of ₹5,00,000
Spend Based Reversal
Reversal of renewal fee on achieving spends of ₹3,00,000 in the previous year
Fuel Surcharge waiver
1% fuel surcharge waiver on transactions between ₹500 to ₹4000. Maximum waiver of ₹250 in a statement cycle
Lounge Benefits:
4 domestic lounge access in a year (1 per quarter)
Complimentary Priority Pass membership for international lounge access
PhonePe SBI Credit Card PURPLE
Welcome Benefit:
₹500 PhonePe e-gift voucher on joining fee payment
Reward Benefits:
Accelerated Rewards on PhonePe and Pincode Platform: Earn up to 3% value back as reward points on in-app transactions
Accelerated Rewards on Online Spends: Earn up to 2% value back as reward points on online spends
Base Rewards: Earn up to 1% value back as reward points on all other eligible spends
Milestone Benefits:
Enjoy a travel voucher worth ₹3,000 on achieving annual spends of ₹3,00,000
Spend Based Reversal
Reversal of renewal fee on achieving spends of ₹1,00,000 in the previous year
Fuel Surcharge waiver
1% fuel surcharge waiver on transactions between ₹500 to ₹3000. Maximum waiver of ₹100 in a statement cycle
All reward points can be used to pay credit card bills or redeemed for e-gift vouchers through the SBI Card redemption catalogue.
The application, usage, and management of both cards are embedded directly within the PhonePe app, streamlining the credit experience from onboarding to repayments.
If you frequently use PhonePe for utility bills, shopping, groceries, or travel bookings, these co-branded cards can bring you real savings through rewards, welcome vouchers, milestone benefits, and travel perks — especially if you spend strategically to meet thresholds.
Before applying:
Evaluate whether your spending patterns align with the card's reward structure.
Choose the right variant (PURPLE vs. SELECT BLACK) based on expected annual spend.
Note: Reward redemption is limited to SBI Card's catalogue or bill payments — not cash. "Digital payments in India are experiencing rapid growth, driven by increasing convenience and accessibility of digital platforms. Our strategic partnership with PhonePe is a significant step towards further popularising credit card usage, by combining SBI Card's deep domain expertise and PhonePe's extensive digital network," said Salila Pande, MD & CEO, SBI Card.
The PhonePe SBI Card SELECT BLACK offers a ₹1,500 welcome e-gift voucher upon joining fee payment of ₹1,499. It provides up to 10% value back as reward points on PhonePe and Pincode app spends, up to 5% value back as reward points on all other online merchant spends, and 1% value back as reward points on all other eligible spends. The PhonePe SBI Card PURPLE offers a ₹500 welcome e-gift voucher upon joining fee payment of ₹499. It includes up to 3% value back as reward points on PhonePe and Pincode app spends, 2% value back as reward points on all other online transactions, and 1% value back as reward points on all other eligible spends. All these reward points can be redeemed to settle outstanding credit card bills or avail e-gift vouchers from SBI Card redemption catalogue.
In addition to rewards, both credit cards feature significant milestones and travel benefits. PhonePe SBI Card SELECT BLACK cardholders will receive a ₹5,000 travel voucher upon reaching ₹5,00,000 in annual spends. Customers can also enjoy four complimentary domestic lounge visits per year (one per quarter), along with Complimentary Priority Pass membership for international lounge access. The PhonePe SBI Card PURPLE offers a ₹3,000 travel voucher on achieving ₹3,00,000 in annual spends. Both credit cards also include a 1% fuel surcharge waiver.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
17 hours ago
- Business Standard
PhonePe launches 'Offline Partner Program' to empower the merchant ecosystem
PhonePe announced the launch of its 'Offline Partner Program', a strategic initiative designed to strengthen India's merchant ecosystem through service providers. This program enables service providers, including those offering Point of Sale (POS) billing software, Enterprise Resource Planning (ERP) software, Vending Machines, and Self-Serving Kiosks, to refer PhonePe's integrated solutions to their clients and earn customised commissions. Service providers (partners) joining the program can showcase a complete billing and integrated payments solutions offering to their merchants (clients), positioning themselves as growth partners who understand their operational needs. This pairing will help their merchants simplify payment management, making store operations much smoother. It will also play a role in increasing the partner's credibility as a business ally. Merchants can go live with PhonePe's integrated solutions within hours, along with their billing software, ensuring they provide their customers with a smooth payment experience. The suite includes Integrated POS devices, Dynamic QRs that generate unique codes per transaction, Payment Links for SMS-based collections, etc. These solutions help merchants ensure error-free and fraud-free transactions, smoother payment collection, validation, and reconciliation when integrated with billing software. A wide set of merchants, such as pharmacies, supermarkets, restaurants, apparel, and electronics, among many others, can find the combination beneficial. To join the program, service providers can visit the Offline Partner Program page or send an email to offlinepartner-support@ Following registration, a PhonePe representative will assist with the onboarding process. By joining the program, partners get an opportunity to earn customised commissions while helping the large merchant ecosystem to adopt integrated digital payment solutions.
Hans India
18 hours ago
- Hans India
New UPI Rules Effective from August 1: What Users Must Know
Starting August 1, 2025, users of popular UPI platforms like Google Pay, PhonePe, and Paytm will see some important changes in how they interact with these apps. These updates, announced by the National Payments Corporation of India (NPCI), are designed to improve efficiency and reduce technical stress during high traffic hours—especially when millions of people are transacting simultaneously. Key Change: Daily Limit on Balance Checks One of the most noticeable updates is the restriction on how many times a user can check their bank account balance via UPI apps. Until now, there was no cap—users could refresh their balance as often as they liked. However, under the new rules, this is now limited to 50 balance checks per day. This move is intended to ease the burden on backend APIs during peak periods, where excessive balance requests were contributing to slower system performance. New Feature: Auto-Balance Display To compensate for this limit, NPCI is introducing a helpful new feature. From now on, your account balance will be automatically displayed right after every UPI transaction. This means users will no longer need to manually check their balance each time they make a payment, making the experience more seamless while reducing unnecessary requests to bank servers. Scheduled Auto-Debits Now Restricted to Off-Peak Hours Another critical adjustment affects recurring payments—like electricity bills, OTT subscriptions, or other scheduled transactions. From August 1, these auto-debits will only be processed during off-peak hours: before 10:00 AM or after 9:30 PM. The aim here is to prevent server congestion during the middle of the day, when UPI traffic is typically at its highest. Limits on Linked Bank Account Access In addition to balance checks, there's now a daily cap of 25 attempts to retrieve or update information related to linked bank accounts. Whether you're trying to re-link your account, fetch details, or update credentials, the system will only allow you a limited number of interactions per day. This too is a measure to optimize API load and maintain smoother functioning across the ecosystem. Pending Transaction Status: Limited Checks Lastly, there's an update concerning pending transactions. If your UPI payment is stuck or hasn't gone through immediately, you'll now be allowed to check its status only three times—and there must be a minimum 90-second interval between each status inquiry. This is another performance-related change to prevent repetitive queries that can overwhelm the system. These updates might not drastically affect casual users, but for those who rely heavily on UPI for everyday transactions, it's essential to be aware of these new boundaries. The NPCI emphasizes that these changes are part of a broader strategy to enhance the reliability and responsiveness of the UPI network as it continues to scale rapidly across India. Stay mindful, plan your transactions wisely, and enjoy a more efficient digital payment experience.
Time of India
a day ago
- Time of India
UPI gets stricter from August 1: What happens if you check balance too many times or miss autopay timing?
Starting August 1, 2025, a new set of UPI rules issued by the National Payments Corporation of India (NPCI) have come into effect. These rules will impact how users interact with UPI apps like Google Pay, PhonePe, Paytm, and others. From limits on balance checks to revised autopay timings, these changes are designed to reduce system load, increase efficiency, and improve fraud protection—without affecting users who follow the guidelines. Balance checks, bank views now have limits As per the new rules, users can now check their bank balance only 50 times a day through their UPI apps. The move is aimed at easing traffic on UPI servers during busy hours. However, to make things smoother, the balance will now be shown automatically after each transaction. Users can also view the list of banks linked to their mobile number, but that access too is limited—now capped at 25 times per day. These requests must be initiated after selecting the bank within the UPI app. From August 1, ICICI Bank will charge payment aggregators (PAs) a small fee for handling UPI transactions on merchant platforms. Charges vary based on whether the PA has an escrow account with the bank. Banks are doing this to recover tech costs since UPI transactions don't… New rules for autopay and transaction timing To ease pressure on the UPI infrastructure during peak hours, auto payments such as OTT subscriptions or scheduled bill payments will now be processed only during non-peak windows before 10 am, between 1 pm to 5 pm, or after 9:30 pm. If an autopay is scheduled during a peak time, it will either go through earlier or later. Multiple retries will be allowed in case of failure, after which the auto payment will be cancelled. 5 New UPI rules kick in todayThe National Payments Corporation of India is set to implement the following changes to the Unified Payments Interface (UPI) from Friday, August 1.#upi #npci #gpay #PhonePe #Paytm More…. Pending transactions and status checks One of the most common UPI issues, transactions stuck in pending status—is also being addressed. Starting August 1, such transactions will be updated quickly instead of showing as pending for long durations. However, users can now check the status of a pending transaction only three times, with a gap of 90 seconds between each attempt. This is expected to reduce server congestion and improve transaction efficiency. Names before transactions, and NPCI penalty clauses To curb accidental transfers and fraud, UPI apps will now show the recipient's registered name and transaction ID before any money is sent. This allows users to confirm they're transferring to the correct person. The NPCI has also warned that failure to follow the new rules could result in penalties, including restrictions on API access, suspension of new user onboarding, or other action as required. The new rules aim to streamline UPI usage, improve reliability, and offer more clarity to users without disrupting genuine transactions. To stay updated on the stories that are going viral follow Indiatimes Trending.
