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Getting a car is a big deal, let’s face it. Whether it’s your first time driving or it’s time for an upgrade, owning a car offers convenience and independence. However, what if your credit score isn’t the highest? Is it still possible to finance a car even if you have poor credit?
“The good news?” It’s possible, and you’re most definitely not by yourself. Globally, millions of people have experienced difficult financial times. You don’t have to give up on owning the car of your dreams just because your credit score is poor. All you need is the correct information, the appropriate lender, and a little bit of planning.
Everything you need to know will be covered in this blog, starting with how credit impacts auto loans.
The PhonePe SBI Credit Card is a digital-first credit card that was introduced in collaboration with SBI Card, one of the biggest credit card issuers in India, and PhonePe, the top digital payments platform in India. This card, which was created for India’s expanding UPI and digital-first user base, integrates the ease of credit card privileges into UPI transactions.
Since the PhonePe SBI Credit Card is UPI-enabled, it can be linked to your PhonePe app and used to make payments at millions of UPI businesses, something that was previously only possible with bank accounts and debit cards. This is in contrast to standard credit cards.
Both the PhonePe SBI Select Black and PhonePe SBI Select Purple card varieties provide different cashback, rewards, and lifestyle perks.
2. Top Features of PhonePe SBI Credit Card.
The PhonePe SBI Credit Card was created for the UPI era and isn’t just another credit card. Among its notable attributes are:
- Credit Card Payments Made Possible by UPI Pay at any UPI merchant in India by connecting your card to the PhonePe app.
- Cashback & Rewards: Receive enticing cashback on purchases made through partner merchants and PhonePe.
- Benefits related to travel and lifestyle include free access to airport lounges, dining options, and entertainment savings.
- Save one percent on fuel purchases at all gas stations with the Fuel Surcharge Waiver.
- Digital-First Experience: PhonePe and SBI Card apps offer instant card issuance, complete app integration, and simple control.
- Real-time fraud alerts, contactless payments, and app-based card management are examples of security features.
It is one of the most inventive cards since it combines the advantages of traditional credit with the convenience of digital technology.
3. Top Earning Rewards and Cashbacks.
One of the best incentives for getting a PhonePe SBI Credit Card is the rewards and cashback program. The card offers immediate cashback instead of complicated reward points, which makes it clear and easy to use.
The rewards program operates as follows:
- Regarding Transactions on PhonePe
- Choose Black to receive up to 5% in cashback.
- Choose Purple to receive up to 3% in cashback.
- Additional Online and Offline Expenditures
- Most shops offer a flat 1% cashback.
- Special Partner Offers: Through partnerships with PhonePe and SBI Cards, get exclusive discounts on dining, shopping, and entertainment.
- Fuel Benefits: All Indian gas stations are exempt from the 1% fuel levy.
4. How to Apply for the PhonePe SBI Credit Card online?
The PhonePe SBI Credit Card application process is easy and may be completed fully online. Since the entire process only takes a few minutes, you are not need to visit a bank branch.
How to Apply Using the PhonePe App:
- Make sure your app is up to date by opening the PhonePe app.
- Navigate to the Credit Cards Section. This can be found under the “Financial Services” or “My Money” menu.
- Depending on your needs, pick either the Purple or Black PhonePe SBI Card.
- Enter your name, PAN, birthdate, and kind of job as basic information.
- Upload your proof of address, PAN, and Aadhaar.
- Income Verification: If asked, submit your ITR or pay stubs.
5. Benefits of PhonePe SBI Credit Card
The PhonePe SBI Credit Card is different from others by combining credit card benefits with UPI. Here are the main benefits:
- UPI Credit Card Payments: Link your credit card to PhonePe and use it at most of UPI retailers in India.
- Cashback on Daily Spends: Receive 1% cashback on all online purchases and up to 5% cashback on PhonePe transactions.
- Travel Benefits: Free entry to domestic airport lounges.
- Fuel Surcharge Waiver – Save 1% on fuel purchases across the country.
- Global Acceptance: Visa and Mastercard networks worldwide available with the card.
- Low Entry Point: The Select Purple version is inexpensive and perfect for newbies.
Top Lifetime Free Credit Cards in India 2025
Looking for credit cards that offer great benefits without any annual fees? Discover the best lifetime free credit cards available in India for 2025, offering rewards, cashback, travel perks, and more!
6. Who Should apply for this card?
Not everyone is a good fit for the PhonePe SBI Credit Card. It works best for:
✅ Regular PhonePe Users: Individuals who regularly shop, pay bills, or reserve tickets on PhonePe.
✅ Digital-First Users: Those who utilize UPI on a daily basis for these purposes.
✅ Passengers—particularly the Select Black version, which offers lounge access and lifestyle perks.
✅ New Creditors: The Select Purple is a great option for establishing credit history and is reasonably priced.
7. Frequently Asked Questions.
Q1. Is it possible to make UPI payments using the PhonePe SBI Credit Card?
Indeed, that is the main benefit. You can pay at any UPI merchant by connecting it to your PhonePe app.
Q2. Is the card free for life?
No. If you fulfill the annual spend requirements, the ₹499 (Purple) or ₹1,499 (Black) annual charge may be waived.
Q3. How can I use this card to gain entry to the lounge?
Access to domestic lounges is included for one (purple) and four (black) per year.
Q4. Is a PhonePe account required in order to apply?
You must be a genuine PhonePe user, yes.
Q5. Is it superior to Google Pay or Paytm credit cards?
Yes, since the PhonePe SBI Card has direct UPI connection and a greater cashback rate.
8. Conclusion.
Particularly for individuals who depend on UPI transactions, the PhonePe SBI Credit Card is perfect for the Indian credit card industry. It combines convenience and savings with benefits which includes fuel surcharge exemptions, airport lounge access, up to 5% cashback, and seamless digital integration.
- This card is a not good for you if you use PhonePe often.
- The Select Purple is a good option for those who are new to using credit cards.
- The Select Black offers excellent value for premium consumers who desire additional benefits.
- Visit the official SBI Card website to apply, or use the PhonePe app for a speedy online application.
In summary, the PhonePe SBI Credit Card is an excellent option for India’s digital-first generation since it offers the ideal combination of UPI and credit card perks.