SBM Credilio Secured Credit Card
- Pratibha Sharma
- Aug 25
- 5 min read
In today's blog, we will provide you with information about the SBM Credilio Secured Credit Card, specifically its welcome benefits, cashback rate, and more. For more information, read below:
SBM Bank (India) is a subsidiary of the State Bank of Mauritius, and over the years, it has built a reputation for being customer-friendly and innovative. The bank has also partnered with several fintech platforms and financial service providers in India, including Credilio, to offer modern banking products that are easy to access and beneficial for users. Credilio is a digital financial marketplace that connects customers with different banks and financial institutions. Through these collaborations, SBM makes it possible for people who often get rejected by traditional banks to enjoy the benefits of a credit card.
The SBM Credilio Secured Credit Card is designed for individuals who want to establish or enhance their credit score without the typical challenges associated with issuing a card. What makes this card approachable is that a simple promise from SBM Bank: if you open a fixed deposit (FD) with them, you are guaranteed to receive this secured credit card. Unlike many other banks, where even a
fter creating a fixed deposit, you might not be assured of receiving a card, SBM Bank ensures that once your FD is set up, a card will be issued. This gives you both confidence and clarity right from the start.
What Are The Welcome Benefits Of The SBM Credilio Secured Credit Card?
Welcome Benefits: Cardholder will get vouchers worth INR 5,000 from HP, Nykaa, Reliance Trends, etc.
What Is The Cashback Rate Of The SBM Credilio Secured Credit Card?
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 transactions made via credit card through UPI (max cashback in a month: INR 400).
Fuel UPI Cashback Rate: 10%
Movie Benefits
Buy one, get a movie ticket offer once a month on BookMyShow.
Dining Benefits
None.
Other Benefits
A lifetime free credit card. A 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.
Special Features
1% cashback on all transactions.
Eligibility Criteria
Users shall be required to create and maintain a fixed deposit of a minimum of Five Thousand (5,000)with the Bank through the SBM Credilio mobile app.
Fees And Charges:
Joining fees: NIL
Annual fees: INR 249
Cash advance fees: 299 INR per transaction.
Late payment fees: INR 499
Interest Rate: 2.5% per month, 30% per annum.
How to apply for a 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
Conclusion:
The SBM Credilio Secured Credit Card is a very helpful option for people who find it hard to get a normal credit card. Many banks say they offer secured cards against a fixed deposit, but they don’t always give a clear promise. Sometimes, even after opening an FD, people wait without knowing if the card will come or not. SBM Bank is different. Here, once you open a fixed deposit, you are surely given the card. This simple assurance makes a big difference because you know your effort will not go to waste.
Another good thing is the partnership with Credilio, which makes the whole process smooth and easy. Users don't have to run from one table to another or get stuck in paperwork. Through their digital system, applying for and getting the card becomes much faster and more transparent.
By using the SBM Credilio Secured Credit Card, making payments on time, and keeping your credit utilization balanced, you can improve your CIBIL score, which plays a key role in getting future loans and higher-limit credit cards. Since the card is backed by your FD, there is no real risk for the bank, and at the same time, you enjoy the freedom of making secure online and offline transactions.
In simple words, this card is not just another secured card; it’s a straightforward, reliable way to build or rebuild your financial credibility with the backing of a trusted bank and its fintech partners.
Every payment you make on time adds to your CIBIL score, which is very important in India. A better score means you can later apply for home loans, car loans, or bigger credit cards with higher limits. Many young people and first-time users struggle to start their credit journey, and this card gives them a safe way to do it.
Since the card is linked to your FD, the bank faces no risk, and you get all the advantages of having a credit card. You can shop online, pay bills, or book tickets while at the same time building a strong financial record.
It is a smart and secure step toward financial growth. For anyone who wants to increase their cibil score without worrying about the card. This is a secure and user-friendly card.
SBM Bank's Journey
SBM Bank is originally from Mauritius, where it has been one of the leading banks for many years. To expand its reach, the bank entered India in 1994. At first, it worked as a branch of the State Bank of Mauritius, serving mainly businesses and trade customers. Over time, it built strong trust and good relations in the Indian market.
A big milestone came in 2019, when SBM became the first foreign bank in India to receive a universal banking license from the RBI. This meant the bank could offer services just like Indian banks, from savings accounts and deposits to loans and cards. With this step, SBM Bank (India) started focusing not just on big businesses but also on regular customers.
In the last few years, SBM has grown by partnering with leading fintech companies. These collaborations helped it reach more people through digital banking. Products like secured credit cards, co-branded cards, and modern payment solutions were launched to make banking simpler and more accessible.
Today, SBM Bank is known as a progressive bank that connects traditional banking strength with modern technology. Its journey shows how a trusted international bank has adapted to India’s growing digital and financial needs, offering people both security and innovation.
If you want to know the unbiased AI score of the SBM Credilio Secured Credit Card, read their detailed review, click here
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