UNICARD Credit Card
SBM Bank
Last updated: Dec 02, 2025
₹0
₹0
Free
No lounge access
Contents
UNICARD Credit Card is a lifetime free Visa credit card issued in partnership with SBM Bank India that combines flexible repayment, simple rewards and transparent pricing. You get up to 1% assured cashback when you pay your total bill in full, plus extra value on Uni Store partner offers, making it a strong everyday card for beginners and new-to-credit users. The 1/3rd payment option lets you split eligible spends into three interest-free instalments instead of paying high revolving interest like traditional credit cards. With zero forex markup on international transactions, app-based controls and a fully digital onboarding journey, the UNICARD Credit Card works well as a primary card for first-time users as well as a backup zero-forex card for online and foreign currency spends.
Features of UNICARD Credit Card which makes it unique
Lifetime Free SBM–Uni Visa Credit Card
Zero joining fee, zero annual fee and no renewal charges make this a truly lifetime free credit card.
Ideal for beginners and fee-conscious users who want to build credit history without paying annual charges.
Most entry-level Indian credit cards charge ₹499–₹1,000 annual fee unless you meet spend conditions.
Zero Forex Markup on International Spends
Foreign currency transactions on this SBM-backed Uni Visa card carry 0% forex markup as per the official key fact statement.
Save ~3–3.5% on overseas online and POS transactions compared to standard cards in India.
Few Indian cards offer true zero forex markup, especially in the lifetime free segment.
Pay 1/3rd Every Month Instead of Revolving Credit
Turn your monthly bill into three equal instalments with no traditional interest charges.
Simpler, more predictable repayments than regular credit cards that charge 30–48% p.a. on revolved balances.
Uni’s model uses a carry-forward fee and late fee slabs instead of daily compounding revolving interest.
Rewards Structure of UNICARD Credit Card
All Eligible Retail Spends (Paid in Full)
basePay the full statement amount by the due date instead of using the 1/3rd option.
Earn 1% assured cashback on almost all eligible domestic retail spends when you clear your total billed amount in full. Transactions like fuel, rent, wallet loads, utilities, insurance, cash withdrawals and certain special categories usually do not earn cashback.
Uni Store Partner Offers
baseShop via Uni Store inside the Uni app on select partner brands and offers.
Get higher value on your accumulated cashback when redeemed for selected partner offers on Uni Store, effectively giving you up to 5X value on chosen brands and deals.
All Other Eligible Spends (1/3rd Payment Option)
baseUse the pay 1/3rd every month feature instead of paying in full.
You can split your monthly bill into three equal instalments over three months with no traditional credit card interest; only carry-forward fee or late fee may apply if you miss payments.
Milestones of UNICARD Credit Card
Credit Limit Enhancement
Consistent usage and on-time payments for 6–12 months : Periodic credit limit increases based on internal risk assessment and repayment behaviour.
Fees & Charges of UNICARD Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | 0 |
| Annual Fee | 0 |
| Forex Markup Fee | 0 |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | 0% |
| Over Limit Fee | 3% |
| Returned Payment Fee | 0 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Lifetime free credit card with zero joining and annual fees for eligible customers.
Fee Explanation UNICARD Credit Card is lifetime free with zero joining and annual charges. Instead of regular revolving interest, Uni uses a carry-forward fee model (up to around 5.5% on unpaid amounts) and slab-based late payment charges. ATM cash withdrawals attract 2.5% (minimum ₹300) and overlimit usage is charged at 2.5% of the overlimit amount (minimum ₹500). Forex markup is 0%, which makes this SBM–Uni Visa card very attractive for international transactions compared to typical Indian credit cards that charge ~3.5% forex markup.
Lounge Access Benefits with UNICARD Credit Card
domestic Lounges
silverVisits per year: 0
Guest access: No
UNICARD Credit Card does not currently offer complimentary airport lounge access; you can still swipe the card as a regular payment instrument at lounges that allow paid entry.
Insurance Coverage with UNICARD Credit Card
Complimentary Insurance Benefits
₹0No specific free travel, accident or purchase protection insurance is publicly disclosed for UNICARD Credit Card; please refer to the latest schedule of benefits or Uni app if new coverage is introduced.
Additional Features of UNICARD Credit Card
Flexible 1/3rd Bill Payment
Split your monthly bill into three equal parts and pay over three months instead of paying the full amount upfront.
Subject to Uni’s latest product construct; carry-forward and late fees may apply if you do not pay on time.
Instant Digital Card
Get a usable virtual Visa card inside the Uni app immediately after approval.
Physical card is shipped after basic verification and can take a few working days to arrive.
Advanced App Controls
Lock/unlock card, control online and offline transactions, set limits, track spends and manage EMI or 1/3rd payments from the Uni app.
Requires latest version of the Uni app and internet connectivity.
Scan and Pay
Use the Uni app to scan UPI QR codes at stores and pay using your credit line instead of bank balance.
Eligibility, limits and merchant acceptance based on Uni policies and NPCI guidelines.
Real-time Notifications
Instant SMS and app alerts for every transaction, bill generation and payment confirmation.
Registered mobile number and app notifications must be active.
Welcome Bonus with UNICARD Credit Card
Welcome Bonus: No separate welcome bonus; focus is on lifetime free cashback.
Bonus Conditions: The card does not offer a traditional one-time welcome gift; ongoing 1% cashback on full bill payment is the core benefit.
Application Process for UNICARD Credit Card
Processing Time
Instant digital approval for eligible applicants; physical card typically dispatched within 5–7 working days.
Online Application
Available
Instant Approval
Available
Step-by-Step Process
Download the Uni app or visit the official Uni website and start your UNICARD Credit Card application.
Enter basic details such as name, mobile number, email ID and PAN to check preliminary eligibility.
Complete full KYC by providing Aadhaar, address details and income information as requested in the app.
Uni and SBM Bank perform credit and risk checks based on your profile, credit bureau data and documents.
On approval, your instant digital Visa card is activated in the Uni app and a physical card is dispatched to your address.
Required Documents for UNICARD Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self_employedAccepted documents:
UNICARD Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide acceptance at most online and offline merchants across India that support Visa credit cards.
International Acceptance
Accepted globally on all POS terminals and websites that accept Visa, with 0% forex markup as per key fact statement.
Online Acceptance
Yes, works on major Indian and international e-commerce, travel, food delivery and subscription platforms.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for UNICARD Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
700+
Citizenship
Indian residents only
Income Requirements
Salaried Applicants
₹20,000
Minimum annual income
Self-Employed Applicants
₹25,000
Minimum annual income
Who Can Apply
Important Conditions
- Applicant should be an Indian resident with a stable income profile, valid PAN and Aadhaar, and should pass SBM Bank and Uni Cards’ internal risk checks. Higher approval chances with a strong credit profile (CIBIL score of 750+), clean repayment history, and low existing unsecured debt.
How Approval Is Decided
- Indian resident with valid PAN and Aadhaar.
- Minimum age of 18 years at the time of application.
- Stable income profile with verifiable income documents or strong digital data signals.
- Healthy credit profile with no major recent defaults; better chances with CIBIL score above 700–750.
- Internal underwriting and risk checks by Uni and SBM Bank must be satisfied.
Pros of UNICARD Credit Card
- Lifetime free with zero joining and annual fees.
- 1% assured cashback on eligible spends when you pay your bill in full.
- Zero forex markup makes it attractive for international and cross-border online transactions.
- Flexible 1/3rd repayment option can help manage short-term cash flow without typical credit card interest.
- Easy digital onboarding and app-based management, ideal for first-time credit card users.
Cons of UNICARD Credit Card
- No complimentary airport lounge access or premium lifestyle privileges.
- 1% cashback is modest compared to some high-spend cashback cards that offer 2–5% in select categories.
- Carry-forward and late fee slabs can be expensive if you frequently delay payments or revolve balances.
- Rewards are limited mainly to cashback; no airline or hotel transfer partners for advanced travellers.
- Rent, wallet loads, fuel, utilities and some special categories may not earn cashback and may attract extra fees.
Frequently Asked Questions about UNICARD Credit Card
Is the UNICARD Credit Card really lifetime free?
Yes. As per the Uni–SBM key fact statement, the UNICARD Credit Card has zero joining fee and zero annual or renewal fees, making it a true lifetime free Visa credit card for eligible customers.
How does the 1% cashback on UNICARD Credit Card work?
You earn 1% assured cashback on most eligible retail spends when you pay your total billed amount in full by the due date. If you choose to pay only 1/3rd or carry forward part of your bill, cashback is usually not awarded on those amounts.
Does UNICARD Credit Card offer zero forex markup on international transactions?
Yes. The Uni–SBM key fact statement specifies 0% forex markup, so you do not pay the typical 3–3.5% currency conversion fee that most Indian credit cards charge on foreign currency transactions.
Are there any joining or annual fees on the UNICARD Credit Card?
No. There are no joining, annual or renewal fees on the UNICARD Credit Card. You only pay usage-based charges like ATM withdrawal fees, rental transaction fees, carry-forward fees and late payment charges if applicable.
What is the eligibility criteria for the UNICARD Credit Card?
You should be an Indian resident, at least 18 years old, with a stable income profile and a reasonable credit history. While Uni specifically targets new-to-credit users, having a CIBIL score of 700+ (ideally 750+) and low existing debt improves your chances of approval.
Does UNICARD Credit Card provide airport lounge access or travel benefits?
No complimentary airport lounge access or premium travel privileges are currently advertised with the UNICARD Credit Card. It is positioned as a simple, lifetime free cashback and zero-forex card rather than a premium travel card.
Can I convert my purchases into EMIs with UNICARD Credit Card?
Uni focuses on the pay 1/3rd every month model instead of traditional EMIs. Selected spends may be eligible for EMI or structured repayment plans from time to time, but the primary construct is 1/3rd and full-pay with cashback. Check the Uni app for current EMI options.
Is UNICARD Credit Card good for beginners and new-to-credit users?
Yes. Because it is lifetime free, offers simple 1% cashback on full-pay bills, and allows flexible repayment with clear charges, UNICARD Credit Card is well-suited for first-time credit card users who want to build a credit score without paying annual fees.
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