There is a local minimum. Rationalize parameter and first search for minimum curve with respect to chi. This can be achieved by intermediate substitution of exp term.
\[Xi] = 79;
M = 4.2*10^-5 // Rationalize[#, 0] &;
Subscript[M, pl] = 1;
Subscript[\[Lambda], min] = 4.10614*10^-6 // Rationalize[#, 0] &;
\[Lambda][\[CurlyPhi]_] =
Subscript[\[Lambda], min] +
0.5/(16*\[Pi]^2)^2*(Log[\[CurlyPhi]/(0.15*Subscript[M, pl])])^2 //
Rationalize[#, 0] &;
U[\[Chi]_, \[CurlyPhi]_] = \[Lambda][\[CurlyPhi]]/
4 \[CurlyPhi]^4 Exp[-2 Sqrt[2/3] \[Chi]/Subscript[M, pl]] +
3/4*(Subscript[M, pl]*M)^2*
Exp[-2 Sqrt[2/3] \[Chi]/
Subscript[M, pl]] (Exp[Sqrt[2/3] \[Chi]/Subscript[M, pl]] -
1 - 1/Subscript[M, pl]^2 \[Xi]*\[CurlyPhi]^2)^2 // Together
sol = First@Solve[E^(Sqrt[2/3] \[Chi]) == k, \[Chi]]
kmin[\[CurlyPhi]_] =
k /. Minimize[U[\[Chi], \[CurlyPhi]] /. sol, k][[2]] // Simplify
pl = Plot3D[
U[\[Chi], \[CurlyPhi]], {\[Chi], 1/2, 1}, {\[CurlyPhi], 0, 1/5},
PlotRange -> {5 10^-11, 10^-10}, PlotPoints -> 100];
pp = ParametricPlot3D[{Sqrt[3/2] Log[kmin[\[CurlyPhi]]], \[CurlyPhi],
U[Sqrt[3/2] Log[kmin[\[CurlyPhi]]], \[CurlyPhi]]}, {\[CurlyPhi],
0, .13}, AspectRatio -> 1.3, PlotRange -> All, PlotPoints -> 100,
PlotStyle -> {Thickness[.01], Red}];
Show[pl, pp]

min = Minimize[{U[Sqrt[3/2] Log[kmin[\[CurlyPhi]]], \[CurlyPhi]],
1/10 < \[CurlyPhi]}, \[CurlyPhi]] // FullSimplify
(* {(1323 (2779978537932271 +
13574950000000000 Log[
20/3 Root[{2779978537932271 +
6787475000000000 Log[(20 #1)/
3] (1 + 2 Log[(20 #1)/3] + 79 #1^2) &,
0.112590521985889151866}]]^2) Root[{2779978537932271 +
6787475000000000 Log[(20 #1)/
3] (1 + 2 Log[(20 #1)/3] + 79 #1^2) &,
0.112590521985889151866}]^4)/(200000000000 (17914204609119 +
2830444328240802 Root[{2779978537932271 +
6787475000000000 Log[(20 #1)/
3] (1 + 2 Log[(20 #1)/3] + 79 #1^2) &,
0.112590521985889151866}]^2 +
2 (62851221827586517 +
33937375000000000 Log[
20/3 Root[{2779978537932271 +
6787475000000000 Log[(20 #1)/
3] (1 + 2 Log[(20 #1)/3] + 79 #1^2) &,
0.112590521985889151866}]]^2) Root[{2779978537932271 +
6787475000000000 Log[(20 #1)/
3] (1 + 2 Log[(20 #1)/3] + 79 #1^2) &,
0.112590521985889151866}]^4)), {\[CurlyPhi] ->
Root[{2779978537932271 +
6787475000000000 Log[(20 #1)/
3] (1 + 2 Log[(20 #1)/3] + 79 #1^2) &,
0.112590521985889151866}]}} *)
Sqrt[3/2] Log[kmin[\[CurlyPhi]]] /. min[[2]] // N
(* 0.902127 *)
Plot[U[Sqrt[3/2]
Log[kmin[\[CurlyPhi]]], \[CurlyPhi]], {\[CurlyPhi], .10, .12},
PlotRange -> All,
Epilog -> {Red, PointSize[.03],
Point[{\[CurlyPhi],
U[Sqrt[3/2] Log[kmin[\[CurlyPhi]]], \[CurlyPhi]]} /. min[[2]]]}]

NMinimize[{U[\[Chi], \[CurlyPhi]],
0 <= \[Chi] <= 1 &&
0 <= \[CurlyPhi] <= 2/10}, {\[Chi], {\[CurlyPhi], 1/10, 2/10}},
MaxIterations -> 500, WorkingPrecision -> 30]
$Version "8.0 for Microsoft Windows (32-bit) (December 9, 2010)"
Plot3D[U[\[Chi], \[CurlyPhi]], {\[Chi], 0, 1}, {\[CurlyPhi], 0, 0.2}, PlotRange -> All]
clearly shows no local extremum. $\endgroup$U[\[Chi], \[CurlyPhi]] >= 0
will evaluate toTrue
orFalse
. Your argument toNMinimize
should be{U[\[Chi], \[CurlyPhi]], U[\[Chi], \[CurlyPhi]] >= 0 && 0 <= \[Chi] <= 1 && 0 <= \[CurlyPhi] <= 0.2}
$\endgroup$