What’s New?
Launch Date: July 22, 2025 — SBI Card and PhonePe officially announced the Sip blended pairing today, rolling out both cards with dual RuPay and Visa options.SBI Card has teamed up with PhonePe to release two co-branded cards—PhonePe SBI Card PURPLE and PhonePe SBI Card SELECT BLACK—available on both RuPay and Visa networks, fully integrated into the PhonePe app.
Variant Breakdown: Purple vs. Select Black
| Feature | PURPLE | SELECT BLACK |
|---|---|---|
| Joining Fee | ₹499 → fully returned as a ₹500 PhonePe voucher | ₹1,499 → ₹1,500 PhonePe voucher |
| PhonePe App Spends | 3% reward | 10% reward |
| Other Online Spends | 2% reward | 5% reward |
| All Other Spends | 1% reward | 1% reward |
| Milestone Voucher | ₹3,000 on ₹3 lakh annual spend | ₹5,000 on ₹5 lakh annual spend |
| Lounge Access | None | Four domestic lounges + Priority Pass for international |
| Fuel Surcharge Waiver | 1% (up to ₹100 p.m.) | 1% (up to ₹250 p.m.) |
Why It Matters
- Deep integration with PhonePe app: Apply, manage, and repay—all in-app with UPI link.
- High earn rates on everyday spends: Especially valuable if you regularly shop or pay utilities via PhonePe.
- Fully digital issuance: RuPay variants are UPI-ready—no extra steps required. VISA works via tokenization in the app.
How to Apply🔗
Apply directly from within the PhonePe app—fully digital onboarding and management via the app.
My Take
If you’re a frequent PhonePe user—whether it’s for recharges, bill payments, or quick shopping—the Select Black variant delivers strong value with 10% rewards and lounge access. The Purple offers simpler, lower-friction rewards with a minimal fee.
Great to see SBI and PhonePe building a seamless credit card experience within India’s biggest UPI ecosystem.