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SBM Bank India

SBM novio Credit Card

Best for FD-backed secured credit card, building credit

₹500/yr annual fee · 1x rewards

Visa

By FinWiz24 Research Desk · Last reviewed · How we review

FinWiz24 Research Desk

FinWiz24 Research Desk

Verified independently against issuer Terms & Conditions

Editorial Team

Annual fee

₹500/yr

Reward rate

1x

Min. income

₹1,50,000

Forex markup

Not published

Lounge access

None

Eligibility

₹1.50 lakh/yr · CIBIL 600+

Reward cap

No cap

Welcome benefit

None beyond the reward rate

Who is this for

  • New-to-credit
  • First-time cardholder
  • Building credit history

What we like

  • FD-backed, low risk
  • 1% universal cashback

Watch out for

  • Rs 500 annual fee
  • Limited to FD-backed credit

Issuer

Bank

SBM Bank India

Foreign bank

All SBM Bank India cards →

Headquarters

Mumbai, Maharashtra

Established 2018

Toll-free

1800-103-2226

Website

www.sbmbank.co.in

Network

Visa

See all cards on this network

Fees and charges

Fee Amount Waiver
Joining fee ₹0 Not waivable
Annual fee ₹500 Waived on Rs 30,000 annual spend

Rewards

Spend category Rate Cap Redemption
All spends 1.00 No cap 1.00

Benefits

  • FD-backed credit limit Highlight

    Credit limit backed by Fixed Deposit

  • Universal cashback Highlight

    1% cashback on all spends

Eligibility

Age
18–70 years
Min. income
₹1,50,000
Min. credit score
600+
Score note
FD-backed; no minimum credit score required
Employment
Salaried, self-employed, student
Documents
PAN, Aadhaar, FD receipt, address proof

SBM novio Credit Card is an FD-backed Visa credit card from SBM Bank India, designed for new-to-credit users to build credit history with low risk.

Fees and rewards

  • Annual fee: Rs 500 (waived on Rs 30,000 annual spend)
  • Joining fee: Nil
  • Rewards: 1% cashback on all spends

Eligibility

PAN, Aadhaar, FD receipt, address proof

Card data compiled from issuer published fee schedules. Status: active.

Apply for SBM novio Credit Card

Last reviewed · How we review

FinWiz24 may earn a commission from issuer links. Our editorial process is independent and unbiased.

Check your eligibility → Compare this card →

Cards with similar benefits, rewards, or eligibility requirements.

Frequently asked questions

Is the SBM novio Credit Card worth it?
SBM novio Credit Card is a credit card issued by SBM Bank India. Whether it is worth it depends on your monthly spend pattern and whether the annual fee (if any) is waivable. Compare the fee and reward rate on this page against your expected annual spend to make an informed decision.

What is the annual fee for the SBM novio Credit Card?
SBM novio Credit Card charges ₹500 as the annual fee. Most issuers waive it on minimum annual spends — check the fee tile on this page for the waiver condition.

How does the SBM novio Credit Card reward rate work?
SBM novio Credit Card earns 1x base reward rate on all spends. Each card's rewards tile on this page shows the category-wise multipliers and any monthly or yearly caps.

What are the eligibility requirements for the SBM novio Credit Card?
To qualify for SBM novio Credit Card, you typically need: minimum annual income ₹1,50,000; CIBIL score of 600+; Salaried / self-employed / student only. The eligibility tile on this page has the full published criteria.

Does the SBM novio Credit Card offer airport lounge access?
SBM novio Credit Card does not publish complimentary airport lounge access as a benefit.

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Disclaimer: Card details are based on publicly available issuer schedule of charges. Eligibility and approval are at the issuer’s sole discretion. FinWiz24 does not guarantee card approval or specific terms. Always read the issuer’s terms and conditions before applying.

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