SBI Card and PhonePe enters into Partnership with Co-Branded PhonePe SBI Card
The credit card comes in two variants, the PhonePe SBI Card PURPLE and the PhonePe SBI Card SELECT BLACK, which caters for the diverse customer preferences, and lifestyle spending needs.
SBI Card in partnership with PhonePe has announced the launch of PhonePe SBI Card which is a co-branded credit card that aims to provide a rewarding experience on everyday spends, and is originated to serve the evolving financial needs of customers across India.
The credit card comes in two variants, the PhonePe SBI Card PURPLE and the PhonePe SBI Card SELECT BLACK, which caters for the diverse customer preferences, and lifestyle spending needs.
The two variants of the contactless credit card are available on the RuPay and VISA payment networks, giving consumers the choice of network that best suits their needs.
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The RuPay cards can be linked to UPI as well and can be used for transactions at millions of UPI merchants across the country. Additionally, the VISA variant can be tokenised on PhonePe and used securely across a host of online merchants.
With this new PhonePe SBI Card, the customers can earn reward points on various everyday transactions, including groceries, bill payments, travel bookings, utility payments, insurance premium payments, and more, across online and offline shopping platforms.
PhonePe SBI Card SELECT BLACK cardholders can earn up to 10% value back as reward points on essential and frequent PhonePe in-app transactions. Customers can also avail up to 5% value back as reward points on all their online spends on other platforms.
Furthermore, the application process is integrated into the PhonePe app, where customers can easily apply for the PhonePe SBI Card through digital application. Customers can make purchases using the PhonePe app and repay their credit card bill on PhonePe platform
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