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SBM Gild Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
Users will get a flat 0.75% back as Petals on every POS/ECOM transaction.
These petals can be used to redeem digital gold, cashback and other exciting rewards.
Petals to Gold redemption rate is 1 Petal = ₹ 1 of digital gold.
General Cashback Rate: 0.75%
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
No income-related eligibility criteria.
Credit card issued against fixed deposit.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
Users will get a flat 0.75% back as Petals on every POS/ECOM transaction.
These petals can be used to redeem digital gold, cashback and other exciting rewards.
Petals to Gold redemption rate is 1 Petal = ₹ 1 of digital gold.
General Cashback Rate: 0.75%
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
No income-related eligibility criteria.
Credit card issued against fixed deposit.
Lounge Access
None.
Fees & Charges
Joining Fee
NIL
Annual Fee
Annual membership fee: NIL
Cash Advance Fee
Cash advance fee: INR 125 per transaction.
Interest rate
Interest rate: 2.5% per month, 30% per annum.
Late Payment Fee
Late payment charges: Up to INR 299
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: NIL
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: Up to INR 299
Foreign Currency Transactions Fee
Foreign currency markup fee: 2.49%
Other Fees
Fuel surcharge: 1%.
Special Features
Users get digital gold as a reward.
Eligibility Criteria
Everyone is eligible, No documents required, 100% approval
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Steps to Apply:
Download the GILD Mobile App: Download the GILD app from the Google Play Store or Apple App Store.
Open a Fixed Deposit (FD): Create and maintain a fixed deposit of at least Rs. 10,000 through the GILD mobile app. This FD will act as security for your credit card.
Apply for the Credit Card: Once you have opened the FD, you can apply for the SBM GILD Credit Card within the GILD app.
Receive Your Card: After your application is approved, you will receive your physical GILD credit card within seven working days. You can also download a digital card immediately from the app.
Contact Details
Tel No: +91 22 4007 1500
Email : customercare@sbmbank.co.in
Account Opening and Procedure
The card's USP is that it can be obtained against a fixed deposit. The card offers no benefits apart from 0.75% cashback. Overall the card is recommended only for those individuals who are looking for their first credit card and do not have a good Cibil score.
The card's USP is that it can be obtained against a fixed deposit. The card offers no benefits apart from 0.75% cashback. Overall the card is recommended only for those individuals who are looking for their first credit card and do not have a good Cibil score.
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