SBM Bank
SBM Bank is originally from Mauritius and has spread its banking services to other countries, including India and Kenya. It is part of a bigger financial group called the SBM Group, which has been around since 1973. In India, SBM Bank started its operations in 2018 and became the first foreign bank to get a universal banking license. This means it can offer almost everything that a regular Indian bank does, like savings accounts, loans, deposits, debit/credit cards, wealth management, and services for businesses. They also focus a lot on NRIs (Non-Resident Indians) by providing services like NRI accounts and overseas remittances. One thing that sets SBM Bank apart is its partnerships with fintech companies. For example, they have collaborated with apps and platforms such as Niyo Global, OneCard, Lendingkart, Vested Finance, and ZET to introduce new-age banking solutions to younger and digital customers.
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SBM Rupicard Credit Card
Users will get 2 reward points for every INR 100 spent.
Value of 1 reward point = INR 0.25.
General cashback rate: 0.50%.
Bank/CC Company
SBM Bank
Forex Markup
2.49%
Interest rate: 2.5% per month, 30% per annum.
Interest Rate
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SBM Paisabazaar Step-Up Credit Card
Users will earn 1 reward point for every INR 100 spent.
1 reward point is worth INR 0.25.
General cashback rate: 0.25%.
A minimum of 400 reward points are required for redemption.
Bank/CC Company
SBM Bank
Forex Markup
3.50%
Interest rate: 3.00% per month 42.58% per annum.
Interest Rate
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SBM Gild Credit Card
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%
Bank/CC Company
SBM Bank
Forex Markup
2.49%
Interest rate: 2.5% per month, 30% per annum.
Interest Rate
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SBM Kredit.Pe Credit Card
Users will get 2% cashback on UPI.
Users will get 3% cashback on offline payments.
Bank/CC Company
SBM Bank
Forex Markup
3.50%
Interest rate: 3.5% per month, 42% per annum.
Interest Rate
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SBM Magnet Credit Card
Not available.
Bank/CC Company
SBM Bank
Forex Markup
2.49%
Interest rate: 2.5% per month, 30% per annum.
Interest Rate
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SBM Onecard Credit Card
The value of 1 reward point = INR 0.10 Paisa.
Users will get 2 reward points for every INR 100 spent on fuel, dining, and travel.
Dining+ Cashback Rate: 0.2%
Cardholders will get 1 reward point for every INR 100 spent on other purchases.
General Cashback Rate: 0.1%.
Cardholders will get 5x reward points on top two categories of spends such as travel, groceries, and entertainment.
Special Cashback Rate: 1%.
Bank/CC Company
SBM Bank
Forex Markup
1%
Interest rate: 3.75% per month, 45% per annum.
Interest Rate
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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 transaction made via credit card through UPI (max cashback in a month: INR 400).
Fuel UPI Cashback Rate: 10%
Bank/CC Company
SBM Bank
Forex Markup
2.49%
Interest rate: 2.5% per month, 30% per annum.
Interest Rate
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SBM UNI Card
Users will get 1 Uni coin on every purchase of Rs. 100.
The value of 1 reward point is INR 1.
General Cashback Rate: 1%.
5x Uni coins on purchase at Uni Store.
Uni Store Cashback Rate: 5%
Bank/CC Company
SBM Bank
Forex Markup
NIL
Interest rate: 3.99% per month, 47.88% per annum.
Interest Rate
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Niyo SBM Global Credit Card
1 Niyo Coin = INR 0.1
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.
Bank/CC Company
SBM Bank
Forex Markup
NIL
Interest rate: 3% per month, 42.58% per annum.
Interest Rate
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SBM Bank
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SBM Rupicard Credit Card
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SBM Bank
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SBM Paisabazaar Step-Up Credit Card
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SBM Bank
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SBM Gild Credit Card
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SBM Bank
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SBM Kredit.Pe Credit Card
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SBM Bank
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SBM Magnet Credit Card
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SBM Bank
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SBM Onecard Credit Card
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SBM Bank
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SBM Credilio Secured Credit Card
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SBM Bank
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SBM UNI Card
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SBM Bank
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Niyo SBM Global Credit Card
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Top 5 Credit Cards Of SBM Bank
SBM Paisabazaar Step-Up Credit Card
NIL
SBM Rupicard Credit Card
NIL
SBM Gild Credit Card
NIL
SBM Kredit.Pe Credit Card
NIL
SBM Magnet Credit Card
NIL
SBM Onecard Credit Card
NIL
SBM Credilio Secured Credit Card
INR 249
SBM UNI Card
NIL
Niyo SBM Global Credit Card
NIL
SBM Credilio Secured Credit Card
SBM Paisabazaar Step-Up Credit Card
Users will earn 1 reward point for every INR 100 spent.
1 reward point is worth INR 0.25.
General cashback rate: 0.25%.
A minimum of 400 reward points are required for redemption.
SBM Rupicard Credit Card
Users will get 2 reward points for every INR 100 spent.
Value of 1 reward point = INR 0.25.
General cashback rate: 0.50%.
SBM Gild Credit Card
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 = INR 1 of digital gold.
General Cashback Rate: 0.75%
SBM Kredit.Pe Credit Card
Users will get 2% cashback on UPI.
Users will get 3% cashback on offline payments.
SBM Magnet Credit Card
NIL
SBM Onecard Credit Card
The value of 1 reward point = INR 0.10 Paisa.
Users will get 2 reward points for every INR 100 spent on fuel, dining, and travel.
Dining+ Cashback Rate: 0.2%
Cardholders will get 1 reward point for every INR 100 spent on other purchases.
General Cashback Rate: 0.1%.
Cardholders will get 5x reward points on the top two categories of spending, such as travel, groceries, and entertainment.
Special Cashback Rate: 1%.
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%
SBM UNI Card
Users will get 1 Uni coin on every purchase of Rs. 100.
The value of 1 reward point is INR 1.
General Cashback Rate: 1%.
5x Uni coins on purchase at Uni Store.
Uni Store Cashback Rate: 5%
Niyo SBM Global Credit Card
1 Niyo Coin = INR 0.1
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.
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Joining Fees: NIL
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Interest Rate: 2.5% per month, 30% per annum.
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Welcome Benefits: Welcome Benefits: Cardholder will get vouchers worth INR 5,000 from HP, Nykaa, Reliance Trends, etc.
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Cashback Rate:
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For every e-commerce/general transaction, users will earn 1 reward point for INR 100 spent.
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Where 1 cashback point = INR 1.00.
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General Cashback Rate: 1%.
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Cardholders will get 5x reward points on POS transactions (credit card swipe machine transactions).
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POS Cashback Rate: 5%.
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Cardholders will get 10x reward points on fuel transactions made via credit card through UPI (max cashback in a month: INR 400).
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Fuel UPI Cashback Rate: 10% The SBM Credilio Secured Credit Card is a special type of card that is designed for people who either don’t have a credit history or are looking to improve their credit score. Unlike a regular credit card, this one is backed by a fixed deposit (FD). That means, when you open a fixed deposit with SBM Bank, you can get this card against it. The big advantage here is that you don’t need to worry about being rejected because of a low or no credit score. Your fixed deposit acts as a security, and the bank gives you a credit card limit based on that amount. At the same time, your FD continues to earn interest for you. This card works just like any other credit card; you can swipe it at shops, pay online, or use it for everyday expenses. By paying your bills on time, you also build a good credit history, which can help you qualify for better credit cards or loans in the future. In short, the SBM Credilio Secured Credit Card is a smart option for beginners, students, or anyone wanting to rebuild their financial profile. It lets you enjoy the benefits of a credit card while keeping your money safe in a fixed deposit.
SBM OneCard Credit Card
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Joining Fees: NIL
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Interest Rate: 3.75% per month, 45% per annum.
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Welcome Benefits: NIL
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Cashback Rate:
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The value of 1 reward point = INR 0.10 Paisa.
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Users will get 2 reward points for every INR 100 spent on fuel, dining, and travel.
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Dining+ Cashback Rate: 0.2%
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Cardholders will get 1 reward point for every INR 100 spent on other purchases.
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General Cashback Rate: 0.1%.
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Cardholders will get 5x reward points on top two categories of spends such as travel, groceries, and entertainment.
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Special Cashback Rate: 1%. The SBM OneCard Credit Card is a modern credit card designed for people who prefer digital banking and want everything at their fingertips. Unlike traditional cards that involve paperwork and long processes, this card can be applied for and managed completely through a mobile app. One of the highlights of this card is its lifetime free feature; there are no joining or annual fees. You also get the freedom to track and manage your spending in real time using the app, which makes it very convenient. When it comes to rewards, the card keeps things simple. You earn reward points every time you spend, and these points can be redeemed instantly in the app without any complicated rules. The design of the card is also unique; it comes in a sleek, metal finish, which gives it a premium feel. Overall, the SBM OneCard Credit Card is best for those who want a hassle-free, app-first experience, with straightforward rewards and no extra charges. It’s a good choice for young professionals and digital-savvy users who like everything quick and transparent.
SBM Magnet Credit Card
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Joining Fees: NIL
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Interest Rate: 2.5% per month, 30% per annum
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Welcome Benefits: NIL
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Cashback Rate: NIL The SBM Magnet Credit Card is designed for people who love earning cashback on their everyday spending. Instead of dealing with complicated reward systems, this card focuses mainly on giving you money back when you use it. You can use it for regular expenses like shopping, dining, travel, or online payments, and you’ll get a percentage of your spending back as cashback. Over time, these savings can add up and make a real difference in your monthly budget. Another plus point is that the card is simple to manage. The charges and benefits are kept straightforward, so you don’t have to go through hidden terms or confusing reward rules. It’s a card meant for people who want practical savings and clear value without too many conditions. In short, the SBM Magnet Credit Card is a cashback-friendly option that helps you save while you spend, making it a good fit for those who prefer simple, everyday benefits.
SBM Gild Credit Card
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Joining Fees: NIL
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Interest Rate: 2.5% per month, 30% per annum.
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Welcome Benefits: NIL
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Cashback Rate:
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Users will get a flat 0.75% back as Petals on every POS/ECOM transaction.
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These petals can be used to redeem digital gold, cashback, and other exciting rewards.
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Petals to Gold redemption rate is 1 Petal = INR 1 of digital gold.
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General Cashback Rate: 0.75% The SBM Gild Credit Card is built for people who enjoy premium benefits and want a card that matches their lifestyle. It is not just about spending, but also about the little extras that come with it. With this card, you can expect rewards every time you use it—whether for shopping, travel, or dining out. It often comes with lifestyle perks like airport lounge access, dining discounts, and exclusive offers on entertainment or luxury brands. These benefits are designed to make daily life more rewarding and travel experiences more comfortable. Another advantage is that the SBM Gild Card focuses on value as well as prestige. It gives you a sense of exclusivity with special privileges, while still keeping the usage simple and transparent. You spend, you earn, and you enjoy the add-ons without unnecessary complications. In short, the SBM Gild Credit Card is ideal for people who want a premium experience with rewards, lifestyle benefits, and recognition, making everyday spending a little more special
Niyo SBM Global Credit Card
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Joining Fees: NIL
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Interest Rate: 3% per month, 42.58% per annum.
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Welcome Benefits: NIL
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Cashback Rate:
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1 Niyo Coin = INR 0.1
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The cardholder will earn 10 Niyo Coins for every INR 100 spent on online and POS transactions (card swipe machine).
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General Cashback Rate: 1%
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Cashback capped at 1,50,000 coins per month.
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The Niyo SBM Global Credit Card is designed for people who travel abroad or spend money in foreign currency. With most credit cards, you usually pay extra charges when making international transactions. This card solves that problem by offering zero forex markup, which means you can swipe it anywhere in the world without worrying about hidden fees. It works like a regular credit card for shopping, dining, or online payments, but its main strength is making international payments cheaper and smoother. You also get the convenience of managing the card fully through the Niyo app, where you can track your spends, check rewards, and control card settings in real time. The card often comes with travel-friendly perks like airport lounge access, cashback or rewards on spending, and global acceptance. Since it’s powered by SBM Bank and linked with Niyo, it combines the safety of a traditional bank with the ease of a digital-first platform. In short, the Niyo SBM Global Credit Card is perfect for frequent travelers, students studying abroad, or anyone who spends internationally, as it helps save money and gives a seamless digital experience.
Welcome Benefits
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Welcome Benefits: Cardholder will get vouchers worth INR 5,000 from HP, Nykaa, Reliance Trends, etc.
Annual Fee
Credit Cards | Annual Fee |
|---|---|
SBM Paisabazaar Step-Up Credit Card | NIL |
SBM Rupicard Credit Card | NIL |
SBM Gild Credit Card | NIL |
SBM Kredit.Pe Credit Card | NIL |
SBM Magnet Credit Card | NIL |
SBM Onecard Credit Card | NIL |
SBM Credilio Secured Credit Card | INR 249 |
SBM UNI Card | NIL |
Niyo SBM Global Credit Card | NIL |
Rewards System
Credit Cards | Cashback Rate |
|---|---|
SBM Paisabazaar Step-Up Credit Card | Users will earn 1 reward point for every INR 100 spent.
1 reward point is worth INR 0.25.
General cashback rate: 0.25%.
A minimum of 400 reward points are required for redemption.
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SBM Rupicard Credit Card | Users will get 2 reward points for every INR 100 spent.
Value of 1 reward point = INR 0.25.
General cashback rate: 0.50%.
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SBM Gild Credit Card | 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 = INR 1 of digital gold.
General Cashback Rate: 0.75%
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SBM Kredit.Pe Credit Card | Users will get 2% cashback on UPI.
Users will get 3% cashback on offline payments.
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SBM Magnet Credit Card | NIL |
SBM Onecard Credit Card | The value of 1 reward point = INR 0.10 Paisa.
Users will get 2 reward points for every INR 100 spent on fuel, dining, and travel.
Dining+ Cashback Rate: 0.2%
Cardholders will get 1 reward point for every INR 100 spent on other purchases.
General Cashback Rate: 0.1%.
Cardholders will get 5x reward points on the top two categories of spending, such as travel, groceries, and entertainment.
Special Cashback Rate: 1%.
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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%
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SBM UNI Card | Users will get 1 Uni coin on every purchase of Rs. 100.
The value of 1 reward point is INR 1.
General Cashback Rate: 1%.
5x Uni coins on purchase at Uni Store.
Uni Store Cashback Rate: 5%
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Niyo SBM Global Credit Card | 1 Niyo Coin = INR 0.1
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.
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How to Activate SBM Bank Credit Card?
Online Activation via Mobile App
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Download the official SBM Bank partner app (OneCard App / Credilio App / Magnet App, depending on your card).
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Log in with your registered mobile number and complete OTP verification.
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Go to the ‘Card Settings / Manage Card’ section.
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Set up your 4-digit PIN for the credit card.
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Enable transactions like online, POS, or international usage as needed.
Activation via ATM
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Visit any SBM Bank ATM.
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Insert your credit card and verify with the OTP sent to your registered mobile number.
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Set a new 4-digit PIN following the on-screen instructions.
Activation through IVR
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Call the SBM Bank customer care number: 1800 1033 817.
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Enter your credit card details when asked.
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Validate using the OTP received on your registered mobile.
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Set your desired 4-digit PIN.
Activation via WhatsApp
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Save SBM Bank WhatsApp number: 9176763681.
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Send “Hi” to start chat banking.
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Select Manage My Credit Card option to enable transactions.
Using the Partner Portal
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Log in to the SBM Bank card portal (example: OneCard / Magnet / Credilio portal).
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Link your credit card using your registered mobile number.
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Go to the ‘Card Control’ tab.
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Enable online, contactless, or international transactions as per your needs.
Other Fee And Charges
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Joining Fees: NIL
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Cash Advance Fees: 299 INR per transaction.
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Late Payment charges: INR 499
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Foreign Currency Mark-up: 3.5%
SBM Bank's Journey
The story of SBM Bank begins in Mauritius, where it was set up in 1973 as the State Bank of Mauritius. Over the years, it grew steadily and became one of the most trusted and leading banks in the country. From serving local customers in its early days, the bank gradually expanded its services into corporate banking, international trade, and wealth management. As it built a strong foundation at home, SBM also looked beyond Mauritius. It entered new markets like India, Kenya, and Madagascar, bringing modern banking solutions to more people. A major milestone came in 2018, when SBM became the first foreign bank in India to be given a universal banking license. This allowed it to offer a full range of banking services just like any other Indian bank. In India, SBM Bank has made a name for itself by working closely with fintech companies and digital platforms. Through partnerships with apps like Niyo, OneCard, Lendingkart, ZET, and others, it has introduced innovative products such as global travel cards, secured credit cards, and digital-first banking services. This helped SBM connect with younger and tech-savvy customers. Today, SBM is seen as a global bank with local expertise. It has managed to balance tradition with modernity, combining the trust of a decades-old institution with the convenience of digital banking. From a small start in Mauritius, SBM has transformed into a group that serves individuals, businesses, and travelers across different countries.
Rewards System
FAQs
Q: Which SBM Bank Credit Card is right for me?
A: SBM Bank offers different credit cards through partnerships with fintechs like OneCard, Credilio, Magnet, and Niyo. You can choose a card based on your needs—whether you want lifetime free usage, cashback on everyday spending, or zero forex charges for international use.
Q: What are the fees associated with SBM Bank Credit Cards?
A: Many SBM Bank Credit Cards are free, such as the SBM OneCard. Some, like the Magnet Credit Card, may have nominal joining or annual charges. Secured cards like SBM Credilio usually don’t have annual fees. Standard charges such as late payment fees and finance charges still apply.
Q: How do I apply for an SBM Bank Credit Card?
A: You can apply online through the official partner apps like OneCard, Credilio, Magnet, or Niyo. Applications can also be started through SBM Bank’s website.
Q: What documents do I need to apply for an SBM Bank Credit Card?
A: You will need basic KYC documents such as proof of identity (PAN, Aadhaar, Passport), proof of address (Aadhaar, utility bill, passport), and proof of income (salary slips, bank statements). For secured cards, a fixed deposit may be enough.
Q: How long does it take to get approved for an SBM Bank Credit Card?
A: Approvals are usually quick. For most cards, you get a virtual card instantly once your Video KYC is done. The physical card is delivered within 5–7 working days.
Q: How do I activate my new SBM Bank Credit Card?
A: You can activate your card through the partner app by setting your 4-digit PIN and enabling transactions. You can also call SBM Bank customer care at 1800 1033 817 for activation support.
Q: How do I make a payment on my SBM Bank Credit Card?
A: You can pay your SBM Bank Credit Card bill through UPI, net banking, NEFT/IMPS, auto-debit from your account, or directly through the partner app (OneCard, Credilio, Magnet, Niyo).
Q: What happens if I miss a payment on my SBM Bank Credit Card?
A: If you miss a payment, you will be charged a late payment fee and interest on the outstanding balance. Your credit score may also be impacted, so it’s best to pay at least the minimum due amount before the due date.
Q: How do I report a lost or stolen SBM Bank Credit Card?
A: You can instantly block the card using your partner app or by calling SBM Bank customer care at 1800 1033 817. The bank will block the card and issue a replacement.