Archive · 23 Jul 2025
PhonePe Launches Co-Branded Credit Cards with SBI Card
PhonePe, a digital payment company, has teamed up with SBI Card to launch two new credit cards.
These cards, called Purple and Select Black, offer rewards on things you buy, like groceries and travel.
The cards are available on both RuPay and Visa networks, which means they can be used at many places.
The Select Black card gives you more rewards than the Purple card on purchases made through the PhonePe app.
Additionally, PhonePe has hired Shivnath Thukral to handle their public policy and government affairs.
PhonePe launched two co-branded credit cards with SBI Card: Purple and Select Black.
The cards are issued on RuPay and Visa networks.
PhonePe SBI Cards offer reward points on various spending categories, including groceries and travel.
Select Black card offers higher value back on PhonePe app spending compared to the Purple card.
Shivnath Thukral has been appointed as PhonePe's VP for public policy and government affairs.
- Who
- PhonePe and SBI Card, and Shivnath Thukral.
- What
- PhonePe rolled out two co-branded credit cards with SBI Card and appointed Shivnath Thukral as VP.
- When
- The events occurred recently, the article does not specify an exact date.
- Where
- India, the article does not specify exact locations.
- Why
- To broaden credit access and offer rewards.
Consumer Benefits
Financial Considerations
Rewards vs. Costs
Consumer Benefits
Consumers can benefit from rewards.
Financial Considerations
Cardholders may face annual fees or interest.
- Company
- PhonePe
- Partner
- SBI Card
- Card Names
- Purple and Select Black
- Networks
- RuPay and Visa
- Reward Categories
- Groceries, travel, utilities, insurance, and in-app PhonePe transactions
- Select Black Welcome Bonus
- ₹1,500
- Purple Welcome Bonus
- ₹500
- New VP
- Shivnath Thukral