SBM MobikWik First RUPAY Credit Card
SBM Bank
Last updated: Dec 02, 2025
₹0
₹0
3%
No lounge access
Contents
The SBM MobikWik First RUPAY Credit Card is a secured credit card issued against a fixed deposit, designed for beginners, students, new-to-credit users and anyone whose credit card applications were rejected earlier. It is a lifetime free RuPay credit card with zero joining fee, zero annual fee, and up to 90% of your FD amount available as credit limit, making it one of the easiest FD-backed credit cards to get in India. You earn up to 10% SuperCash on online and POS spends, 5% SuperCash on UPI payments via the MobiKwik app and 1% via other UPI apps, with 1 SuperCash equal to ₹1, giving it a very transparent reward structure. Because the card is UPI-enabled and powered by RuPay, you can link it to UPI apps, scan any UPI QR, earn SuperCash on every eligible transaction, build your credit score with timely payments and continue to earn interest on your FD at attractive rates, making this card a powerful combination of savings, rewards and credit-building for Indian consumers.
Features of SBM MobikWik First RUPAY Credit Card which makes it unique
Lifetime Free FD-Backed Credit Card
Zero joining fee and zero annual fee secured credit card issued against a small FD starting from just ₹5,000.
Perfect for first-time credit card users who want to start building a credit score without worrying about annual charges.
Most competing FD-backed credit cards charge joining or annual fees or require a higher minimum FD.
High SuperCash on UPI and Everyday Spends
Up to 10% SuperCash on online and POS transactions and 5% SuperCash on UPI via MobiKwik, with 1 SuperCash equal to ₹1.
Very strong value-back on routine QR payments, online shopping and offline card swipes for small-ticket spends.
Reward rate on UPI and e-commerce is significantly higher than many entry-level and secured credit cards.
No Income Proof or Credit Score Required
Card approval is based on the fixed deposit rather than salary or CIBIL score, making it easy to get even with no credit history.
Ideal for students, gig workers, self-employed beginners and users rebuilding their credit profile.
Traditional unsecured credit cards usually demand income proof and minimum credit score thresholds.
Rewards Structure of SBM MobikWik First RUPAY Credit Card
Online Ecommerce Spends
acceleratedOnline transactions on e-commerce and merchant websites using the card number and CVV (excluding restricted MCC categories).
High 10% SuperCash earn rate on all eligible online e-commerce transactions; no rewards on rent, tax, government payments, gambling, real estate, financial institutions or other excluded MCCs. SuperCash expires 3 months from date of issue.
Offline POS Spends
acceleratedCard swiped, dipped or tapped at physical POS terminals at offline merchant outlets (excluding restricted MCC categories).
Earn 10% SuperCash on everyday offline spends like grocery, pharmacy and retail when billed as normal POS transactions; excluded categories such as fuel surcharge component, rent, government services and gambling do not earn rewards.
UPI via MobiKwik App
acceleratedScan & Pay or UPI payments made using the MobiKwik app with the SBM MobiKwik First Credit Card as the underlying funding source.
Best reward rate for UPI when you pay via MobiKwik UPI linked to the First Credit Card; ideal for everyday QR code payments at kirana stores, fuel, utility bills etc. Rewards are credited as SuperCash to the MobiKwik wallet after statement generation.
UPI via Other UPI Apps
baseUPI payments made via other third-party UPI apps by linking the SBM MobiKwik First RuPay Credit Card as a UPI credit card.
If you prefer Google Pay, PhonePe, Paytm or other UPI apps, you still earn 1% SuperCash on eligible transactions when this RuPay credit card is linked on UPI; excluded MCC categories and SuperCash validity rules continue to apply.
Fees & Charges of SBM MobikWik First RUPAY Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | 0 |
| Annual Fee | 0 |
| Forex Markup Fee | 3% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹200 |
| Over Limit Fee | 0 |
| Returned Payment Fee | 0 |
| Cash Withdrawal Fee | ₹250 |
Renewal Conditions:Lifetime free credit card with zero joining fee and zero annual maintenance fee as per current schedule of charges.
Fee Explanation According to the official MITC, the SBM Mobikwik First Credit Card has zero joining fee and zero annual fee, finance charges of 3.5% per month (42% p.a.) on revolved balances and cash, cash advance/ATM withdrawal fee of 2.5% of the amount withdrawn or ₹250 (whichever is higher), late payment fee of 2.5% of total outstanding or ₹200 (whichever is higher), 1% surcharge on fuel transactions and 3% forex markup on international transactions. No standalone overlimit or returned-payment fees are specified; transactions above the credit limit are generally declined, and customers should always refer to the latest MITC for updated charges.
Insurance Coverage with SBM MobikWik First RUPAY Credit Card
Deposit Insurance on Linked FD
Up to ₹5,00,000 via DICGCThe fixed deposit backing the card is covered by statutory deposit insurance up to ₹5 lakh per bank per customer as per DICGC/RBI rules; this is not a separate travel or purchase insurance on card spends.
Additional Features of SBM MobikWik First RUPAY Credit Card
FD-Backed Secured Credit Limit
Credit limit is typically up to 90% of the fixed deposit amount, with cash withdrawal limit up to 30% of the credit limit.
FD must be opened via the MobiKwik app with SBM Bank; lien is marked on the FD until card closure and dues settlement.
UPI-Enabled RuPay Credit Card
Link the RuPay credit card to supported UPI apps and Scan & Pay at any UPI QR to earn SuperCash.
UPI functionality depends on UPI app support for RuPay credit cards and RBI/NPCl guidelines.
Instant Virtual Card
Virtual card is generated inside the MobiKwik app immediately after approval so you can start online and UPI spends instantly.
Subject to successful KYC, FD creation and final approval by SBM Bank; physical card delivery takes additional time.
Credit Score Building
Timely bill payments can help improve your credit score by building a positive repayment history.
Reported to credit bureaus as per SBM Bank’s schedule and policies; irregular payments can hurt your score.
100% Digital Onboarding
Apply fully online through the MobiKwik app without visiting a bank branch or opening a new savings account.
PAN and Aadhaar based KYC, FD booking and card issuance are done digitally as per SBM and MobiKwik policies.
Welcome Bonus with SBM MobikWik First RUPAY Credit Card
Welcome Bonus: Joining benefits worth up to ₹10,000 on popular partner brands
Bonus Conditions: Partner offers on travel, lifestyle, wellness, dining and entertainment apps; benefits are limited-period and subject to individual merchant terms and conditions.
Application Process for SBM MobikWik First RUPAY Credit Card
Processing Time
Online application through the MobiKwik app, approval usually within 24–48 hours, instant virtual card issuance after approval and physical card delivery within approximately 7 working days.
Online Application
Available
Instant Approval
Available
Step-by-Step Process
Download and log in to the MobiKwik app and navigate to the SBM MobiKwik First Card / First Credit Card section.
Open a fresh fixed deposit with SBM Bank starting from ₹5,000 through the app and complete full KYC using PAN and Aadhaar.
Submit the online application form for the SBM MobiKwik First RuPay Credit Card and consent to a lien being marked on your FD.
Wait for SBM Bank to process and approve your application, typically within 24–48 hours.
On approval, receive an instant virtual RuPay credit card in the MobiKwik app for online and UPI spends and optionally request a physical card, which is dispatched and delivered within around 7 working days.
Required Documents for SBM MobikWik First RUPAY Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
noneAccepted documents:
SBM MobikWik First RUPAY Credit Card Merchant Acceptance Network
Domestic Acceptance
Widely accepted across India at online merchants, offline POS terminals and UPI QR codes wherever RuPay credit cards and UPI credit cards are supported.
International Acceptance
Can be used at international online and POS merchants on the RuPay network or its partner networks; forex charges of 3% plus GST apply and international acceptance may be more limited than Visa or Mastercard.
Online Acceptance
Yes, accepted at most Indian e-commerce websites and apps that support RuPay credit cards and card-on-file transactions.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for SBM MobikWik First RUPAY Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
0+
Citizenship
Indian resident only
Income Requirements
Salaried Applicants
₹0
Minimum annual income
Self-Employed Applicants
₹0
Minimum annual income
Who Can Apply
Important Conditions
- Applicant must be an Indian citizen aged 18 years or more, living outside Assam, Arunachal Pradesh, Jammu & Kashmir, Ladakh, Tripura, Manipur, Meghalaya, Mizoram, Nagaland and Sikkim, and should be a tax-paying resident. Card is issued only against a fresh fixed deposit (FD) opened via the MobiKwik app with a minimum FD of ₹5,
- 0
- 0
- No income proof or existing credit history is required because this is an FD-backed secured credit card. Applicant must complete full KYC and provide a valid physical PAN and Aadhaar card. Credit limit is typically up to 90% of the FD amount and cash withdrawal limit is up to 30% of the credit limit.
How Approval Is Decided
- Indian citizen aged 18 years or above.
- Resident outside restricted states such as Assam, Arunachal Pradesh, Jammu & Kashmir, Ladakh, Tripura, Manipur, Meghalaya, Mizoram, Nagaland and Sikkim.
- Tax-paying resident of India with valid physical PAN and Aadhaar for KYC.
- Fresh fixed deposit opened with SBM Bank via the MobiKwik app with minimum ₹5,000 and lien marked on the FD.
- Subject to SBM Bank’s internal risk policies, KYC and compliance checks; no minimum income or prior credit score required.
Pros of SBM MobikWik First RUPAY Credit Card
- Lifetime free credit card with no joining or annual fees.
- Very strong reward structure on e-commerce, POS and UPI transactions via MobiKwik.
- Ideal for building or improving credit score using a small FD-backed secured limit.
- 100% digital onboarding with instant virtual card issuance inside the MobiKwik app.
- Low entry barrier with minimum FD of only ₹5,000 and no salary slips or income documents needed.
Cons of SBM MobikWik First RUPAY Credit Card
- SuperCash expires after 3 months from the date of issue if not redeemed.
- Rewards do not accrue on excluded categories like rent, taxes, government services, gambling and certain financial institutions.
- No complimentary airport lounge access or premium travel benefits.
- Forex markup of 3% plus GST makes it less attractive for heavy international spending.
- Card is FD-backed, so funds remain locked with lien until card closure or dues settlement.
Frequently Asked Questions about SBM MobikWik First RUPAY Credit Card
Is the SBM MobikWik First RUPAY Credit Card really lifetime free?
Yes. As per the official key fact statement and MITC, the SBM MobiKwik First RuPay Credit Card has zero joining fee and zero annual maintenance fee, so it is effectively a lifetime free FD-backed secured credit card, subject to any future changes with prior notice from the bank.
How much fixed deposit (FD) do I need for the SBM MobiKwik First RuPay Credit Card?
You must open a fresh fixed deposit of at least ₹5,000 with SBM Bank via the MobiKwik app. Your credit limit is usually up to 90% of the FD amount, and your cash withdrawal limit is up to 30% of the credit limit.
What rewards does the SBM MobiKwik First RuPay Credit Card offer on UPI and card spends?
You earn 10% SuperCash on eligible online e-commerce and POS spends (with a minimum transaction of ₹500), 5% SuperCash on UPI payments routed via the MobiKwik app and 1% SuperCash on UPI transactions made through other UPI apps. 1 SuperCash equals ₹1 and can be redeemed via the MobiKwik app subject to SuperCash terms.
Do I need income proof or a good CIBIL score to apply for this card?
No. The SBM MobiKwik First RuPay Credit Card is an FD-backed secured credit card. You only need to complete full KYC with physical PAN and Aadhaar and open the required FD; no income proof or minimum credit score is required, making it suitable for first-time credit card users.
How can I apply for the SBM MobiKwik First RuPay Credit Card and how long does approval take?
You must download and log in to the MobiKwik app, go to the First Card or credit section, open an FD with SBM Bank, complete KYC and submit the application digitally. The bank typically takes around 24–48 hours to approve the card, after which you get an instant virtual card in the app and a physical card within about 7 working days.
Where can I earn and redeem SuperCash from this credit card?
SuperCash earned on this card is credited to your linked MobiKwik wallet within a few working days of statement generation. You can redeem SuperCash inside the MobiKwik app, mainly for buying gift cards and selected transactions, with redemption capped at 10% of available SuperCash per redemption as per the rewards program rules.
Are there any major exclusions where I will not earn SuperCash rewards?
Yes. As per the official rewards program, transactions under certain MCCs such as rent payments, government services, tax payments, gambling and online casinos, real estate, funding transactions and some financial institutions do not earn SuperCash. EMI-converted transactions also do not earn rewards.
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