SBI Credit Card: Credit card has become an essential part of life nowadays. With its help, shopping, ticket booking, hotel booking and even food orders can be done easily. The dependence on credit cards in the country is increasing day by day. Now credit cards have also come in digital form. Meanwhile, SBI Card and PhonePe have launched a co-branded credit card to reward customers on everyday spending.

PhonePe SBI Card is available in two variants. One is Select Black and the other is Purple. With these cards, when you spend on things like shopping, bill payment, travel booking, insurance premium or grocery through the PhonePe app, you will get reward points.

On purchasing SELECT BLACK card, you will get a PhonePe e-voucher of Rs 1,500 and on PURPLE card, you will get a voucher of Rs 500. On spending on PhonePe app using SELECT BLACK card, customers will get up to 10 percent value back in the form of reward points. On other online shopping, you will get up to 5 percent reward points.

Will run on both RuPay and VISA networks

According to a report, the new cards run on RuPay and VISA networks. RuPay cards can be linked to UPI, allowing customers to make direct payments at millions of UPI merchants. VISA cards can be tokenized for secure online use.

These facilities will be available

Rewards are also available on using this card for grocery items, bills, travel booking, insurance premium and other places. If you spend Rs 5 lakh annually with SELECT BLACK card, you will get a travel voucher of Rs 5,000. On the other hand, if you spend Rs 3 lakh annually on PURPLE card, you will get a travel voucher of Rs 3,000. Apart from this, many benefits will be available, which include airport lounge facility, priority pass membership to SELECT BLACK users and 1 percent fuel surcharge discount on filling petrol. At present, these cards can prove to be better for those who make digital payments daily. Along with this, they also want to earn rewards.