SBI Card has announced changes to the reward point programme for select PhonePe SBI Credit Cards, which will come into effect from July 1, 2026. The revision affects both PhonePe SBI Credit Card PURPLE and PhonePe SBI Credit Card SELECT BLACK card holders, as new limits on earning reward points and a broader list of transactions that won't earn reward points have been introduced.
PhonePe SBI Credit Card PURPLE and PhonePe SBI Credit Card SELECT BLACK card holders who frequently use their cards for categories like insurance, utilities, education, jewellery purchases and toll payments are likely to see a change in their reward points accumulation.
