{"id":9187,"date":"2026-06-01T16:35:00","date_gmt":"2026-06-01T11:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/money\/?p=9187"},"modified":"2026-06-01T17:34:07","modified_gmt":"2026-06-01T12:04:07","slug":"phonepe-sbi-card-select-black-and-purple-devalued-from-july-1-what-are-the-best-sbi-credit-card-alternatives-now","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/money\/phonepe-sbi-card-select-black-and-purple-devalued-from-july-1-what-are-the-best-sbi-credit-card-alternatives-now\/","title":{"rendered":"PhonePe SBI Card SELECT Black and PURPLE Devalued From July 1: What Are the Best SBI Credit Card Alternatives Now?"},"content":{"rendered":"\n
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Synopsis:<\/strong> The PhonePe SBI Card SELECT Black and PURPLE card will have reduced cap limits for rewards, along with new spend exclusions starting July 1, 2026. This article shows the three alternative SBI Cards that cardholders may consider after the latest devaluation.\u00a0<\/em><\/p>\n<\/blockquote>\n\n\n\n

PhonePe SBI Card SELECT Black & PURPLE Credit Cards have been rolled out as some good cashback-based cards where users could earn accelerated points based on PhonePe spends, online purchases, utility payments, insurance payments, and UPI spends. Nonetheless, it has recently been announced by SBI that they will be revising the rewards system again starting July 1, 2026.<\/p>

\"scapia<\/a><\/div>\n\n\n\n

What Is Changing From July 1, 2026? <\/strong><\/h2>\n\n\n\n

According to the revised reward structure shared with cardholders, several spending categories will either see lower reward caps or become completely ineligible for reward points.<\/p>\n\n\n\n

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  • Major Changes for PhonePe SBI Card SELECT Black:<\/strong>\n
      \n
    • Online spending reward cap reduced from 2,000 reward points per month to 1,000 reward points per month.<\/li>\n\n\n\n
    • Insurance spent through PhonePe will now have a separate cap of only 500 reward points per month.<\/li>\n\n\n\n
    • Other eligible PhonePe spends will be capped at 1,500 reward points per month.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Major Changes for PhonePe SBI Card PURPLE:<\/strong>\n
        \n
      • Online spending reward cap reduced from 1,000 reward points to 750 reward points per month.<\/li>\n\n\n\n
      • Insurance spends via PhonePe capped at 250 reward points per month.<\/li>\n\n\n\n
      • Other eligible PhonePe spends capped at 750 reward points per month.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
      • Categories That Will No Longer Earn Reward Points<\/strong>:\n
          \n
        • Educational institution payments<\/li>\n\n\n\n
        • Tolls and bridge payments<\/li>\n\n\n\n
        • Jewellery purchases<\/li>\n\n\n\n
        • Gift cards and gift vouchers<\/li>\n\n\n\n
        • Utility payments made outside PhonePe<\/li>\n\n\n\n
        • Insurance payments made outside PhonePe<\/li>\n\n\n\n
        • UPI transactions made outside PhonePe<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

          These exclusions affect users who were maximizing rewards through insurance premium payments, utility bills, and large online transactions. Alternatively, you can select these SBI Credit Cards for better perks.<\/p>