SBM Bank Credit Card

SBM Bank offers a variety of credit cards under consumer and commercial categories. You can avail multiple benefits, such as discounts, rewards, cashback and much more through these SBM credit cards. Those who have an existing credit history as well as those who are new to credit can all apply for these cards. Read on to know more about SBM Bank Credit Cards, along with their eligibility criteria, and the associated fees and charges.

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Top SBM Bank Credit Cards with Rewards and No Annual Fees

SBM Bank offers many co-branded secured credit cards that let their users earn rewards on every purchase. One of the best features is that you can avail many of these credit cards without any joining or annual fees. Here are some of the top SBM Bank credit cards:

SBM Credit Card	Annual Fee	Key Features
SBM Bank Paisabazaar Paisa+ Credit Card	Rs. 499	Up to 1.5% cashback on online spends
SBM ZET Credit Card	Nil	5% cashback on Amazon/ Flipkart vouchers & 2% on UPI spends with discount offers on top brands
SBM novio Credit Card	Nil	10 novio Coins for every Rs. 100 spent
SBM OneCard Credit Card	Nil	1 reward point for every Rs. 50 spent and 5X rewards on top 2 spend categories in a month

Find the right credit card for you!

SBM Bank Credit Cards: Fees and Charges

The fees and charges for SBM Bank credit cards vary from one variant to another. However, some of the common fees and charges are mentioned in the table below:

Fee Type	Amount
Joining / Annual Fee	Varies from card to card
Finance Charges	2.5% per month (30% p.a.) to 3.5% per month (42% p.a.)
Late Payment Fees	Rs. 299 for SBM ZET and Magnet; Rs. 499 for SBM Credilio; Rs. 150 for SBM Niyo Global; 2.5% (min. Rs. 200) of the total outstanding amount for SBM Mobikwik; 5% of the total outstanding amount (max. Rs. 1,000) for SBM Kredit.Pe

Please refer to the terms and conditions for card variants separately as fees and charges may vary from card to card.

SBM Bank Credit Cards: Eligibility Criteria

In order to be eligible for any of the SBM Bank credit cards, the applicant must fulfill the eligibility criteria set by the bank. Given below are the eligibility criteria for SBM Bank credit cards:

Fixed Deposit: You must create and maintain an SBM bank fixed deposit worth a certain minimum amount as per the card variant
Documentation: You must have your identity proofs, including your Aadhaar card and PAN card details

Applicants looking specifically for the SBM Bank FD Credit Card should ensure they meet these requirements before applying.

How to Apply for SBM Bank Credit Card Online

The steps to apply online for credit cards issued by SBM bank and other leading card providers are mentioned below:

Step 1: Fill the online application form by entering your mobile number.
Step 2: Verify the OTP sent to your registered mobile number.
Step 3: Check and compare the pre-qualified credit card offers available for you.
Step 4: Select the card that suits your needs the best among the given options.
Step 5: Apply online by submitting the required details and documents.

FAQs

Which consumer credit cards are offered by SBM Bank?

SBM Bank offers secured credit cards which are co-branded with some leading platforms, like Niyo, ZET, OneCard, etc. These cards are issued against a fixed deposit and offer benefits like cashback and reward points at minimal or even zero annual fees.

How can I apply for SBM Bank credit cards?

To apply for SBM Bank Credit Cards, you must have an SBM fixed deposit that satisfies their eligibility criteriYou can visit the official website of the bank or the nearest bank branch to complete the application process.

Can I apply for SBM Bank credit cards without a job?

Yes, SBM Bank offers credit cards for both, people with an existing credit history and for people who are new to credit. So, in case you do not have a job, you can still apply for any of the secured credit cards offered by the bank. A secured credit card is offered against a fixed deposit and its credit limit is approximately equal or a little less than the fixed deposit amount.

What documents are required to apply for SBM Credit Card?

One of the advantages of applying for SBM Bank credit cards is that you do not have to submit a lot of documents during the application process. For most of the credit cards, the applicant has to submit proof of address, age and income to complete the application process. However, the bank can ask for any other document, if required.

How can I pay my SBM Bank Credit Card bill?

SBM Bank offers the facility of paying your credit card bill online. You can pay your credit card bill through internet banking, NEFT or any other online mode like the mobile app of SBM Bank.

Does SBM Bank offer zero annual fee credit cards?

Yes, most of the credit cards offered by the bank do not incur any joining or annual fees. These credit cards include SBM ZET Credit Card, OneCard Credit Card, Niyo Global credit card and others. Even the cards that are not lifetime free, come with a nominal fee.

What is the maximum credit limit for SBM Bank credit cards?

The maximum credit limit varies from card to card and is decided by the bank after scrutinizing your application. While deciding your credit limit, the bank considers your eligibility, income and other factors. So, you will get to know about your credit limit only after applying for the credit card. If you have a secured card, then your credit limit is also dependent on the fixed deposit amount against which your card has been issued.

Does SBM Bank offer any secured credit cards?

Yes, SBM bank offers several secured credit cards, like SBM ZET, Credilio, Magnet, Niyo Global and others, which are provided against a fixed deposit amount.