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SBM Bank
SBM Novio Credit Card (formerly SBM Credilio Credit Card) is India's most accessible FD-backed lifetime-free RuPay secured credit card.
One-time
Zero renewal fee
Uncapped rewards
Standard approval
Applying takes you to SBM Bank. CredSpy does not process applications, and the ranking on this site is never influenced by commission.
Best for
Terms structured from published copy
4 reward rates with their caps, taken from SBM Bank’s own published wording rather than checked against its terms document. Verify before you rely on a figure.
See where each figure came fromFuel
No published ceiling on this tier
Bills
No published ceiling on this tier
Everything else
No published ceiling on this tier
Online shopping
No published ceiling on this tier
Rent payments All exclusions
Data-driven verdict based on net earnings after fees and caps.
Key strength
10% on Fuel — 10 Novio Coins per ₹100 on fuel transactions paid via UPI (cap 400/month, txn ₹400–₹4,000), with no stated cap.
Biggest limitation
This card is secured against a fixed deposit of Rs. 2,000 or more. The deposit is locked for as long as the card is held.
Priced with caps, exclusions, and annual fee deducted live.
Monthly spending — ₹54,000
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Import a statement and this runs on your real spending instead of the sliders.
Click any drawer below to inspect fee schedules, lounge terms, reward multipliers, and exclusions.
Everything else the issuer publishes about this card. All of it is on this page and searchable — open only what you need.
10 pts
uncappedFuel
10 Novio Coins per ₹100 on fuel transactions paid via UPI (cap 400/month, txn ₹400–₹4,000)
5 pts
uncappedBills
5 Novio Coins per ₹100 on all other eligible spends including UPI Scan & Pay merchant payments and offline POS transactions
5 pts
uncappedEverything else
5 Novio Coins per ₹100 on eligible offline POS transactions
5 pts
uncappedOnline shopping
5X on ALL Spends Including UPI — 5 Novio Coins per ₹100 on every eligible transaction — online, offline POS and UPI Scan & Pay — broad earn rate with no category restrictions
| Charge | Amount | Condition |
|---|---|---|
| Joining fee | Nil | — |
| Annual / renewal fee | Lifetime free | Lifetime free — no joining fee and no annual fee. Secured against a minimum fixed deposit of Rs. 2,000. |
| Add-on card | No add-on card facility (FD-secured product — single primary cardholder only) | — |
| Cash withdrawal | 2.5% of cash withdrawn or ₹299, whichever is higher; interest on cash advance at 2.99%/month from date of withdrawal | — |
| Late payment | ₹499 flat per billing cycle (charged when Minimum Amount Due not paid by due date, per SBM KFS) | — |
| Foreign currency markup | 2.49% | — |
Interest only applies if a balance is carried past the due date. Paying in full each month costs nothing, and no reward rate on this card comes close to offsetting the interest if you do not.
Fees exclude GST unless stated. Charges can change — confirm against the issuer's current schedule before applying.
Year one
₹400
of one-time welcome value, on top of what you earn
Every year after
No fee, ever
the rewards simply continue
No complimentary domestic airport lounge access
1% waiver. 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹4,000 (as per SBM Novio terms); fuel spends earn 10X Novio Coins via UPI or 1X via non-UPI within eligible range
10% on UPI spends. This is a RuPay card built for UPI. Fuel spends made by UPI earn 10 Novio Coins per Rs. 100, against 1 Coin per Rs. 100 on POS.
We do not have insurance & protection recorded for this card. Check the issuer's page before relying on it.
Welcome — once
₹400
quantified, and kept out of every recurring figure on CredSpy
Milestones — every year
None
no spend milestones are recorded
10X Novio Coins on all eligible fuel spends via UPI (₹400–₹4,000 transactions, capped 400 Coins/month) — potential ₹4,800 annual fuel savings
No spend milestones are recorded.
Scored against these published criteria only. No bureau pull, and no approval guarantee — the issuer decides.
CredSpy never collects these. You submit them to the issuer during their own application.
No reviews yet
CredSpy publishes only reviews left by real cardholders. Nothing here is generated, bought or seeded — so this stays empty until someone who holds the card writes one.
| Card | Annual fee | Headline rate | Lounge |
|---|---|---|---|
| SBM Novio Credit Card · this card | Lifetime free | 10% fuel | No |
| Paisabazaar Step-Up SBM Credit Card | ₹0 | Up to 0.25% rewards | No |
| SBM MAGNET Credit Card | Lifetime free | See card | No |
| Suryoday SFB FD-Backed Credit Card | ₹177 | See card | No |
| IDFC FIRST Mayura Credit Card | ₹7,079 | Up to 10 reward points per ₹150 | Included |
Headline rates are not comparable on their own — each card caps and excludes differently. Run your own spending through the switch calculator to see which of these actually pays you more.
It is a lifetime-free card — there is no annual fee.
The strongest published rate is 10% on fuel, with no stated cap. The calculator above prices your own basket with every cap and exclusion applied.
No — airport lounge access is not offered on this card.
Yes. This is a RuPay card built for UPI. Fuel spends made by UPI earn 10 Novio Coins per Rs. 100, against 1 Coin per Rs. 100 on POS.
Rent payments Wallet loads EMI transactions Cash advances and ATM withdrawals Government payments EMI transactions and cash transactions earn zero Novio Coins; fraud-related transactions may have Coins withheld; Coins have no cash/credit monetary value per SBM-Novio Rewards Policy No Novio Coins on EMI transactions, cash transactions, and categories excluded per Novio Rewards Policy; Novio Coins non-transferable, non-exchangeable, cannot be redeemed for cash or credit — only brand vouchers via Novio app; rental and education payments attract 1% processing fee (w.e.f. 15 July 2026)
Redeemed inside the Novio app
You can apply online through our website by filling out the application form and uploading the required documents. You may also visit your nearest branch for in-person assistance.
Yes, you can request a limit increase through internet banking, mobile app, or by contacting customer care. Approval depends on your credit history and income. If you want, I can also create a more engaging, SEO-friendly FAQ section for your credit card website that boosts trust and conversions. Would you like me to prepare that next?
A late payment fee and interest will be charged. Missing payments can also impact your credit score.
No. This card carries no complimentary airport lounge access.
Novio Coins have no fixed rupee value. They are redeemed only for brand vouchers in the Novio app, and what a coin is worth depends on the voucher rate of the brand you pick — there is no cash or bank-account redemption. You earn 5 Novio Coins per Rs. 100 on most spends including UPI, and 10 per Rs. 100 on fuel paid through UPI, capped at 400 coins a month.
The fixed deposit behind the card keeps earning interest at up to 7.25% a year while it secures your credit limit. The minimum deposit is Rs. 2,000 and the limit is set at 90% of the deposit.
Missing the minimum amount due costs a flat Rs. 499 per billing cycle. Cash withdrawals are charged 2.5% of the amount or Rs. 299, whichever is higher, with interest at 2.99% a month from the withdrawal date. Retail and online balances carried forward attract 3.50% a month (42% a year).
Yes — 1% on fuel transactions between Rs. 400 and Rs. 4,000. Fuel paid through UPI also earns 10 Novio Coins per Rs. 100, capped at 400 coins a month.
Credit card fees, rewards and benefits change. Please verify the latest terms on the issuer's website before applying. CredSpy earns a commission on some applications; it never affects rankings or what is written here.
