SBM Credilio Secured RUPAY Credit Card
SBM Bank
Last updated: Feb 03, 2026
₹0
₹0
2.49%
No lounge access
Contents
SBM Credilio Secured RuPay Credit Card is a secured card issued against an SBM fixed deposit, designed for customers building credit or seeking a low-cost, lifetime-free card. It offers up to 1% cashback (novio Coins) on everyday spends, UPI-enabled payments, and app-based rewards and partner offers. The RuPay variant focuses on straightforward value, easy approval, and a credit limit up to ~90% of the FD.
Features of SBM Credilio Secured RUPAY Credit Card which makes it unique
FD-Backed Credit Limit
Card is issued against an SBM fixed deposit; credit limit typically ~90% of FD.
Accessible credit for those with limited credit history.
Safer approval path vs. unsecured cards.
Novio Coins Rewards
Rewards are credited as novio Coins in the Credilio app which can be redeemed for partner vouchers and offers.
Simple reward redemption via app.
Different from direct cashback — redemption limited to app partners.
Rewards Structure of SBM Credilio Secured RUPAY Credit Card
Base
baseAll spends
Fees & Charges of SBM Credilio Secured RUPAY Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | 0 |
| Annual Fee | 0 |
| Forex Markup Fee | 2.49% |
| Cash Advance Fee | 0 |
| Late Payment Fee | ₹499 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 0% |
Renewal Conditions:No renewal fee (lifetime free).
Fee Explanation This is a secured credit card issued against an SBM fixed deposit; routine fees and finance charges apply per card statement and Credilio/SBM T&Cs.
Detailed Explanation of SBM Credilio Secured RUPAY Credit Card Fees
Joining Fee: 0 (one-time)
No joining fee for RuPay variant.
Annual Fee: 0 (yearly)
Lifetime free — no annual or renewal fee for the RuPay variant.
Forex Markup: 2.49% (transaction)
Applies to international transactions on forex conversion.
Cash Advance Fee: 2.5% (transaction)
Minimum ₹300 per withdrawal.
Late Payment Fee: ₹499 (occurrence)
Charged as per Credilio/SBM T&Cs on late payments.
Additional Features of SBM Credilio Secured RUPAY Credit Card
UPI-Enabled Card
RuPay variant supports UPI payments for card-to-bank flows via the Credilio/novio app.
Requires activation through the app.
Virtual Card
Instant virtual RuPay card upon approval for online payments.
Physical card issued on request / dispatch timeline applies.
Welcome Bonus with SBM Credilio Secured RUPAY Credit Card
Welcome Bonus: Instant novio coins
Bonus Conditions: Welcome offer requires card activation, at least one transaction and min ₹1,000 spend; valid for new cardholders. See Credilio T&Cs for exact offer windows.
Application Process for SBM Credilio Secured RUPAY Credit Card
Processing Time
Virtual card instantly on approval; physical card dispatched within 5–7 business days.
Online Application
Available
Instant Approval
Available
Step-by-Step Process
Download the Credilio/novio app or visit the Credilio application flow
Create account and complete KYC using PAN & Aadhaar
Create an SBM fixed deposit (minimum FD as per offer) and place lien
Receive instant virtual RuPay card; physical card dispatched within 5–7 business days
Required Documents for SBM Credilio Secured RUPAY Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
optionalAccepted documents:
SBM Credilio Secured RUPAY Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide acceptance within India wherever RuPay cards are accepted
International Acceptance
RuPay acceptance varies internationally; many merchants accept RuPay via partner networks; check merchant acceptance abroad
Online Acceptance
Yes — virtual RuPay card for online and app payments
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for SBM Credilio Secured RUPAY Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
0+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹0
Minimum annual income
Self-Employed Applicants
₹0
Minimum annual income
Who Can Apply
Important Conditions
- Requires a fixed deposit with SBM Bank India (minimum FD typically ₹5,000). Valid PAN and Aadhaar required for KYC.
How Approval Is Decided
- Indian resident with valid PAN and Aadhaar
- Fixed deposit with SBM Bank India (FD amount determines limit)
- Basic identity and KYC verification
Pros of SBM Credilio Secured RUPAY Credit Card
- Lifetime free — no joining or annual fees for RuPay variant
- Fast approval and instant virtual card (good for credit builders)
- FD-backed credit limit (≈90% of FD) offers predictable limits
Cons of SBM Credilio Secured RUPAY Credit Card
- Rewards credited as novio Coins — limited to Credilio/novio redemption partners
- Limited premium benefits (no lounge access, limited insurance)
- Forex markup higher than some premium travel cards
Frequently Asked Questions about SBM Credilio Secured RUPAY Credit Card
Is there a joining fee for the SBM Credilio Secured RuPay Credit Card?
No. The RuPay variant is advertised as lifetime free with no joining or annual fees.
How do I get this secured credit card?
Open a fixed deposit with SBM Bank India via the Credilio flow/app; the card is issued against an FD (minimum FD typically ₹5,000).
What is the credit limit on this secured card?
Credit limit is generally up to ~90% of the fixed deposit amount (subject to bank verification and lien).
How are rewards paid and redeemed?
Rewards are credited as 'novio Coins' in the Credilio/novio app and can be redeemed for brand vouchers and partner offers via the app.
What are the forex charges for international spending?
Public T&Cs and aggregator pages list a forex markup around 2.49% for this card; confirm current rate in Credilio offers or MITC.
Is a minimum income required to apply?
No explicit minimum income is required for the secured (FD-backed) variant; eligibility is primarily driven by FD and KYC.
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