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Welcome Benefits: Cardholder will get vouchers worth INR 5,000 from HP, Nykaa, Reliance Trends, etc.
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SBM Credilio Secured Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefits: Cardholder will get vouchers worth INR 5,000 from HP, Nykaa, Reliance Trends, etc.
Milestone Benefits
None.
Cashback Rate
For every e-commerce/general transaction, users will earn 1 reward point for INR 100 spent.
Where 1 cashback point = INR 1.00.
General Cashback Rate: 1%.
Cardholders will get 5x reward points on POS transactions (credit card swipe machine transactions).
POS Cashback Rate: 5%.
Cardholders will get 10x reward points on fuel transaction made via credit card through UPI (max cashback in a month: INR 400).
Fuel UPI Cashback Rate: 10%
Movie Benefits
Buy one get movie ticket offer once a month on BookMyShow.
Dining Benefits
None.
Other Benefits
Lifetime free credit card.
Credit card is backed by a Fixed Deposit.
Offers on dining and shopping from Rupay from time to time.
Instant virtual credit card issuance.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Welcome Benefits: Cardholder will get vouchers worth INR 5,000 from HP, Nykaa, Reliance Trends, etc.
Milestone Benefits
None.
Cashback Rate
For every e-commerce/general transaction, users will earn 1 reward point for INR 100 spent.
Where 1 cashback point = INR 1.00.
General Cashback Rate: 1%.
Cardholders will get 5x reward points on POS transactions (credit card swipe machine transactions).
POS Cashback Rate: 5%.
Cardholders will get 10x reward points on fuel transaction made via credit card through UPI (max cashback in a month: INR 400).
Fuel UPI Cashback Rate: 10%
Movie Benefits
Buy one get movie ticket offer once a month on BookMyShow.
Dining Benefits
None.
Other Benefits
Lifetime free credit card.
Credit card is backed by a Fixed Deposit.
Offers on dining and shopping from Rupay from time to time.
Instant virtual credit card issuance.
Lounge Access
None.
Fees & Charges
Joining Fee
NIL
Annual Fee
Annual membership fee: INR 249
Cash Advance Fee
Cash advance fee: 299 INR per transaction.
Interest rate
Interest rate: 2.5% per month, 30% per annum.
Late Payment Fee
Late payment charges: INR 499
Foreign Currency Transactions Fee
Foreign currency markup fee: 2.49%
Other Fees
Fuel surcharge: 1%.
Fees & Charges
Joining Fee
NIL
Annual Fee
Annual membership fee: INR 249
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest rate: 2.5% per month, 30% per annum.
Late Payment Fee
Late payment charges: INR 499
Foreign Currency Transactions Fee
Foreign currency markup fee: 2.49%
Other Fees
Fuel surcharge: 1%.
Special Features
1% cashback on all transactions.
Eligibility Criteria
Users shall be required to create and maintain a fixed deposit of minimum Five Thousand (5,000)
with the Bank through the SBM Credilio mobile app.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
The SBM Credilio Secured Credit Card is a credit card issued against a fixed deposit (FD) with SBM Bank. Here's how to apply:
Download the SBM Credilio App: Download the app from the Google Play Store.
Create an FD: Open and maintain an SBM bank fixed deposit worth a minimum of Rs. 5,000 through the app.
Apply for the Credit Card: Within the app, you can apply for the SBM Credilio Credit Card.
Complete Video KYC: Undergo a video KYC process to verify your identity.
Receive your Card: Once approved, you'll receive your SBM Credilio Credit Card.
Contact Details
Tel No: +91 22 4007 1500
Email : customercare@sbmbank.co.in
Account Opening and Procedure
The card is issued against a fixed deposit. The card offers 1% cashback on e-commerce and offline transactions. The card offers no notable value add feature.
The card is issued against a fixed deposit. The card offers 1% cashback on e-commerce and offline transactions. The card offers no notable value add feature.
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