Archive · 23 Jul 2025
PhonePe and SBI Card Launch Co-Branded Credit Cards
PhonePe, a company known for digital payments, and SBI Card have teamed up to release new credit cards called PURPLE and SELECT BLACK.
These cards give you rewards when you use them, especially on the PhonePe app.
SELECT BLACK is a fancy card with more rewards and extra perks, like access to airport lounges.
The cards work on two networks, RuPay and Visa.
RuPay cards can be used easily with UPI for payments.
You can apply for the cards, use them, and pay your bills all within the PhonePe app.
This is part of PhonePe's plan to offer more financial services.
PhonePe and SBI Card have launched co-branded credit cards, PURPLE and SELECT BLACK.
Cards will offer rewards on spending, especially on PhonePe and Pincode app transactions.
SELECT BLACK is a premium card with 10% value back on certain spends and international lounge access.
Cards are issued on RuPay and Visa networks, with RuPay cards UPI-linkable.
The application process is digital and integrated within the PhonePe app.
- Who
- PhonePe and SBI Card
- What
- PhonePe and SBI Card launched co-branded credit cards.
- When
- July 22, 2025
- Where
- India
- Why
- To broaden credit access and offer rewards, aiming to deepen user engagement and prepare for PhonePe's IPO.
PhonePe View
SBI Card View
Strategic Expansion
PhonePe View
Expanding financial services beyond payments.
SBI Card View
N/A
- Partners
- PhonePe & SBI Card
- Card Names
- PURPLE & SELECT BLACK
- Networks
- RuPay & Visa
- SELECT BLACK Rewards
- Up to 10% value back on PhonePe & Pincode app spends
- PURPLE Rewards
- Up to 3% value back on certain spends
- Primary Goal
- Broaden credit access