1 PhonePe SBI Card Reward point is worth ₹1.00 in India.
₹1.00₹1,000 per 1,000 points, our house mark
₹1.00 · first marked 15 Aug 2026, never re-marked since
How we got this ₹ figure
₹1.00 is our HOUSE value for a point — what a disciplined traveller actually clears, not the best redemption we have ever seen (₹1.00, the ceiling) and not the worst you can always fall back on (₹1.00, the floor). It is the number every route on this page is priced with.
We hold one dated point for PhonePe SBI Card Reward Points — the mark itself. There is no earlier valuation on our record, so this page shows no trend line rather than drawing one. How we value a point →
Which of my cards reach it? — 2 do
2 cards earn PhonePe SBI Card Reward Points outright. The figure is the reward rate — what ₹100 of ORDINARY spend earns back at our house ₹/point, before milestones, accelerators and the annual fee. How we compute it →
PhonePe SBI Card SELECT BLACK1.0%SBI CardPhonePe SBI Card PURPLE1.0%SBI CardA rupee with a point's name on it, and NOT the ₹0.25 sbi-reward-points the rest of SBI's co-brand shelf earns — the PhonePe SELECT BLACK product page prints "1 Reward Points = Re. 1", and the card's own e-kit says the points redeem "against a wide range of vouchers from our Rewards Catalogue or as credit against the statement outstanding. No fee is charged on redemption of Reward Points." No ₹99 haircut, no catalogue markup, no transfer partner, so floor = value = ceiling = ₹1.00 and the band has no spread. Written as sbi-reward-points this card would read a quarter of its real earn; the fourfold gap is why it carries its own slug.
PhonePe SBI Card Reward Points has held — we grade its nerf risk stable No tracker events on record for this program How we grade it →
Expiry: 2 years from receipt (official e-kit FAQ 15); the balance is also forfeited at the end of the 13th month of consecutive non-use, and immediately on flipping to another SBI variant
No corridor on our board prices a seat in PhonePe SBI Card Reward Points against a published chart — every option that reaches it is dynamic, and an estimate is not a seat. the 2,196 corridors that DO have a verified price →
Straight answers
The questions people actually type about PhonePe SBI Card Reward Points — answered from the same data as everything above, with the same numbers.
What is 1 PhonePe SBI Card Reward point worth in INR?
Our desk marks PhonePe SBI Card Reward Points at ₹1.00 a point — so 1,000 points are worth ₹1,000 and 10,000 are worth ₹10,000. That is the number every route on this page is priced with. The ₹1.00 floor is the redemption you can always fall back on; the ₹1.00 ceiling is the best sweet spot we have actually verified. The mark is holding flat, last reviewed 15 Aug 2026. The valuation index prices it against every other program we cover.
Which Indian cards earn PhonePe SBI Card Reward Points?
2 Indian cards earn PhonePe SBI Card Reward Points outright. Best-ranked earners: PhonePe SBI Card SELECT BLACK and PhonePe SBI Card PURPLE, the best of them at 1.0% reward rate. The card list above names each of them with its rank, its ratio and what one of its points becomes here.
When did PhonePe SBI Card Reward Points last devalue?
We hold no dated events for PhonePe SBI Card Reward Points at all — no devaluation, no buff, nothing sourced — and we will not fill that gap with a guess. The nerf-risk grade reads stable, which on a program with no logged history means untested rather than safe.
Verified against SBI Card's own documents on · our house ₹/point, ₹1.00 today
Not published , and we will not invent it: how long posting takes · its award terms — surcharges and the booking window.
Every document behind this page — 2 of them, each with the day we read it
- official PhonePe SBI Card SELECT BLACK product page — "1 Reward Points = Re. 1", the rate SBI sets for this co-brand, four times the ₹0.25 the rest of its shelf redeems at
- official The card's e-kit — points redeem "against a wide range of vouchers from our Rewards Catalogue or as credit against the statement outstanding. No fee is charged"