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SBM Kredit.Pe Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
Users will get 2% cashback on UPI.
Users will get 3% cashback on offline payments.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
No credit history is required to avail this credit card.
Credit card is issued against fixed deposit.
Shopping vouchers will be provided from time to time.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
Users will get 2% cashback on UPI.
Users will get 3% cashback on offline payments.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
No credit history is required to avail this credit card.
Credit card is issued against fixed deposit.
Shopping vouchers will be provided from time to time.
Lounge Access
None.
Fees & Charges
Joining Fee
NIL
Annual Fee
Annual membership fee: NIL
Cash Advance Fee
Cash advance fee: 2.5% of the amount withdrawn or Rs 100 whichever is higher.
Interest rate
Interest rate: 3.5% per month, 42% per annum.
Late Payment Fee
Late payment charges: 5% of the outstanding amount, maximum INR 1000
Foreign Currency Transactions Fee
Foreign currency markup fee: 3.50%
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: 3.5% per month, 42% per annum.
Late Payment Fee
Late payment charges: 5% of the outstanding amount, maximum INR 1000
Foreign Currency Transactions Fee
Foreign currency markup fee: 3.50%
Other Fees
Fuel surcharge: 1%.
Special Features
No capping on cashback amount.
Eligibility Criteria
For availing the SBM Bank Kredit.Pe Credit Card, users shall be required to create and maintain a fixed deposit of minimum Rupees Two Thousand only (₹2,000) with the Bank through the mobile app
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Here's how to apply:
Download the Kredit.Pe App: The Kredit.Pe app is available on both Android and iOS devices.
Open a Fixed Deposit (FD): Start by creating an FD with SBM Bank through the Kredit.Pe app. The minimum FD amount to qualify for the credit card can be as low as Rs. 2,000.
Apply for the Credit Card: Within the Kredit.Pe app, you should find an option to apply for the SBM Kredit.Pe Credit Card.
Complete Video KYC: You'll likely undergo a video-based KYC (Know Your Customer) process to verify your identity.
Contact Details
Tel No: +91 22 4007 1500
Email : customercare@sbmbank.co.in
Account Opening and Procedure
The card offers a great cashback rate of 2% on UPI. The card also offers a 3% cashback on offline transactions. The cashback are uncapped. Otherwise the card offers limited value add benefits.
The card offers a great cashback rate of 2% on UPI. The card also offers a 3% cashback on offline transactions. The cashback are uncapped. Otherwise the card offers limited value add benefits.
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