Niyo SBM Global Credit Card
- Pratibha Sharma
- Aug 28
- 5 min read
In today's blog, we will provide you with information about the Niyo SBM Global Credit Card, specifically its welcome benefits, cashback rate, and more. For more information, read below:
The Niyo SBM Global Credit Card is a great option for individuals who spend money in other countries, either while traveling or shopping online. Normally, banks add extra charges when you use your card abroad, but with this card, there is no extra foreign exchange fee. Users only have to pay the exact exchange rate, which saves a lot of money for someone who is travelling on a regular basis for their office trip or for any other work. This card makes your travel easy and comfortable. It also comes with the Niyo app, which makes life easier. You can check your spending instantly, control your card, and even block or unblock it with just a tap.
This card is especially useful for students going abroad for studies. Since there are no hidden forex charges, they can pay for college fees, food, or daily expenses without losing money in extra charges.
What Are The Milestone Benefits Of the Niyo SBM Global Credit Card?
If a user spends INR 50,000 per quarter, then they can enjoy free lounge access at airports outside India in the next quarter.
What Is The Cashback Rate Of the Niyo SBM Global Credit Card?
1 Niyo Coin = INR 0.1
Niyo Coins: Niyo Coins are reward points that you earn whenever you spend using your Niyo SBM Global Credit Card. These coins work just like a digital reward system, where every transaction adds up to your balance. Later, you can use these coins to book flights, hotels, or even buy gift vouchers directly through the Niyo app. In simple terms, it’s Niyo’s way of giving you extra value for using their card, like cashback, but in the form of coins that can be spent on things you actually need.
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.
Other Benefits:
No joining fee.
No annual fee.
Zero convenience fee on flight bookings.
No international forex markup.
1-day delivery of a credit card.
Example:
If a student pays INR 10,00,000 per year as a tuition fee using a normal credit card:
Forex markup = 3.6% of INR 10,00,000
= INR 10,00,000 × 3.6 ÷ 100
= INR 36,000 extra charges every year.
Now, if the same student uses the Niyo SBM Global Credit Card:
Forex markup = 0%
Extra charges = INR 0
Money saved = INR 36,000 every year.
So in 3 years of study, the student would save around INR 1,08,000 just on forex charges with this 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 And Charges:
Joining Fees: NIL
Annual Fees: NIL
Cash Advance fees: 423+GST or 2.5% for the amount, whichever is higher
Interest charges: 3% per month, 42.58% per annum
Late Payment charges: INR 150
Eligibility:
Not specified by the bank.
How to Apply for Niyo SBM Global Credit Card?
Download the Niyo Global app from the Play Store or App Store.
Sign up with your mobile number and fill in your basic details.
Do a quick video KYC (show your ID on a video call).
Once verified, you will get a virtual card instantly in the app.
A physical card will be sent to your home within a few days.
Conclusion:
The Niyo SBM Global Credit Card is a smart choice for individuals who spend money abroad or make payments in foreign currency. This Card Comes with zero forex markup; you don’t have to pay extra charges that most banks add on top of your spending. This simple feature makes it attractive and helps users save money whenever they travel or shop internationally from any brand.
On top of that, there are extra benefits like lounge access at airports and reward points on spending, which add more value to the card as a regular one. This card is especially useful for students going abroad for studies. Since there are no hidden forex charges, they can pay for college fees, food, or daily expenses without losing money in extra charges. This makes life easy for those students who live abroad, where you have to pay extra for everything, and with this card, everything will become rewarding.
Apart from saving on forex charges, the card also gives the convenience of managing everything through the Niyo app. You can check your expenses, block or unblock the card, and even track payments instantly. Added benefits like airport lounge access and reward points make the overall experience even better for users.
This card is especially useful for students studying overseas. Students can use this card for tuition fees, groceries, or daily spending without worrying about hidden costs. Parents also find it reassuring since the card works globally and is safe to use. In short, this card is a reliable and cost-effective card for students, travelers, and anyone who deals with foreign currency often.
FAQ's
Q1: What is the Niyo SBM Global Credit Card?
A: It’s an international credit card offered by Niyo in partnership with SBM Bank. The card is popular for its 0% forex markup, making it great for people who spend or study abroad.
Q2: Who is this card best for?
A: It’s especially useful for students, travelers, and professionals who make payments in foreign currency, since it helps save big on forex charges.
Q3: What are the main benefits of this card?
A: The key benefits are 0% forex markup, free international ATM withdrawals (with conditions), Niyo Coins (reward points), and easy access to travel and lifestyle offers.
Q4: Does this card really save money for students abroad?
A: Yes. For example, if a student pays INR 10,00,000 per year as tuition, a normal card with a 3.6% forex fee adds INR 36,000 extra. With this card, that fee becomes INR 0, so students save a lot.
Q5: How can I apply for this card?
A: You can apply online through the Niyo Global app by filling in your details, completing KYC, and linking your SBM Bank account. The card is then delivered to your address.
Q6: What documents are needed to apply?
A: You’ll need a PAN card, Aadhaar card, and proof of income (like a salary slip or bank statement). For students, admission-related documents may also be required.
Q7: Is there an annual fee for this card?
A: The Niyo SBM Global Credit Card generally comes with no annual fee, but it’s always good to confirm the latest terms in the Niyo app or website.
Q8: How do I activate my new Niyo SBM Global Credit Card?
A: Once you receive the card, you can activate it through the Niyo app by setting your PIN and enabling international, online, and ATM transactions.
Q9: How can I check my spending and rewards?
A: All details of your transactions and Niyo Coins are available inside the Niyo Global app.
Q10: What should I do if I lose my card?
A: You can instantly block or freeze your card through the Niyo app, and then request a replacement card.
If you want to know the unbiased AI score of Niyo SBM Global Credit Card, read their detailed review, click here
Comments