PhonePe and State Bank of India launched a co-branded credit card with zero joining fee for the first year. The card offers 5% rewards on all online purchases, 10% on select PhonePe transactions, 1% on UPI payments, and travel perks including airport lounge access. Applications are fully digital via the PhonePe app.

New Delhi: Digital payments platform PhonePe on Monday announced a limited-period offer on its newly launched co-branded credit card with State Bank of India.

The PhonePe SBI Card is being offered with zero joining fee for the first year, allowing customers to access its benefits without any upfront cost.

“Users can enjoy the premium benefits of the card at no cost for the first year,” the fintech platform said.

The card, available on both RuPay and Visa platforms, is tailored for digitally active consumers who frequently transact online.