This paper analyzed the mechanism of rattle noise from a decoupling damper pulley in a 48V belt driven mild hybrid powertrain with a three-cylinder turbo engine. To decouple the 48V belt drive from the high engine torque fluctuation of the engine, a decoupling device at the front end of engine is employed, which interacts with the rear end decoupling device and results in the rattling issue. In this study as opposed to the conventional engine torsional vibration studies which neglect the low inertia belt drive, the effective inertia of 48V belt drive is considered in 1D, 3D torsional vibration analyses of the entire powertrain as it easily reaches up to 20% of the whole torsional inertia. In this way, the impact inside the crank torque fluctuation decoupler was identified as the source of the rattle noise, which verified in the experiments. The interaction of the front end belt drive and the various types of rear end flywheel is also analyzed through parametric studies.