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Niyo SBM Global Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
If a user spends INR 50,000 per quarter then he can enjoy free lounge access at airports outside India in the next quarter.
Cashback Rate
1 Niyo Coin = INR 0.1
The cardholder will earn 10 Niyo Coins for every INR 100 spent on online and POS transactions (card swipe machine).
General Cashback Rate: 1%
Cashback capped at 1,50,000 coins per month.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
No joining fee.
No annual fee.
Zero convienence fee on flight bookings.
No international forex markup.
1 day delivery of credit card.
Lounge Access
If a user spends INR 50,000 in a quarter then he can enjoy free lounge access at airports outside India in the next quarter.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
If a user spends INR 50,000 per quarter then he can enjoy free lounge access at airports outside India in the next quarter.
Cashback Rate
1 Niyo Coin = INR 0.1
The cardholder will earn 10 Niyo Coins for every INR 100 spent on online and POS transactions (card swipe machine).
General Cashback Rate: 1%
Cashback capped at 1,50,000 coins per month.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
No joining fee.
No annual fee.
Zero convienence fee on flight bookings.
No international forex markup.
1 day delivery of credit card.
Lounge Access
If a user spends INR 50,000 in a quarter then he can enjoy free lounge access at airports outside India in the next quarter.
Fees & Charges
Joining Fee
NIL
Annual Fee
Annual membership fee: NIL
Cash Advance Fee
Cash advance fee: 423+GST or 2.5% for the amount, whichever is higher
Interest rate
Interest rate: 3% per month, 42.58% per annum.
Late Payment Fee
Late payment charges: INR 150
Foreign Currency Transactions Fee
Foreign currency markup fee: NIL
Other Fees
Fuel surcharge: 1%.
Fees & Charges
Joining Fee
NIL
Annual Fee
Annual membership fee: NIL
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest rate: 3% per month, 42.58% per annum.
Late Payment Fee
Late payment charges: INR 150
Foreign Currency Transactions Fee
Foreign currency markup fee: NIL
Other Fees
Fuel surcharge: 1%.
Special Features
No International forex fee.
Eligibility Criteria
Not specified by the bank.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Contact Details
Tel No: +91 22 4007 1500
Email : customercare@sbmbank.co.in
Account Opening and Procedure
The USP of the card is that it is a 0% forex card. Only other notable benefit it offers is free international lounge visit on spending a minimum of INR 50,000 per quarter.
The USP of the card is that it is a 0% forex card. Only other notable benefit it offers is free international lounge visit on spending a minimum of INR 50,000 per quarter.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai