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SBM Rupicard Credit Card

Home SBM Bank India Ltd. SBM Rupicard Credit Card

SBM Rupicard Credit Card is a co-branded credit card that is issued against a minimum fixed deposit of Rs. 5,000. One of its key highlights is that cardholders can increase their credit limit by topping up the FD amount. Besides this, cardholders can earn reward points on every spend and redeem them against cashback, while also saving on international transactions with a low forex markup fee of 2.49%. Read on to know more about this credit card.

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Updated: 13-08-2025 05:24:32 AM

Key Highlights of SBM Rupicard Credit Card
Card Type Secured Credit Card (Backed by FD)
Annual Fee Nil
Minimum FD Amount Rs. 5,000
Credit Limit 90% of the FD amount
Forex Markup Fee 2.49%
Reward Points 2 reward points for every Rs. 100 spent
Overall Rating ★★★ (3/5)

Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit SBM Bank’s website.

On this page
SBM Rupicard Credit Card: Features & Benefits
SBM Rupicard Credit Card: Eligibility Criteria
SBM Rupicard Credit Card: Fees & Charges
Should You Apply for SBM Rupicard Credit Card?
FAQs
SBM Rupicard Credit Card: Features & Benefits

Rewards Program

  • 2 reward points for every Rs. 100 spent
  • Redeem reward points against statement at a value of 1 RP = Rs. 0.25

Note: No reward points will be offered on fuel, wallet, rent, government, jewellery, education, utility, insurance & railway spends.

Other Features & Benefits

  • Low forex markup fee of 2.49%
  • 90% credit limit of FD amount
  • Up to 7% p.a. interest on FD
  • Increase credit limit by topping up the FD amount
  • Cash withdrawal limit of 90% of credit limit
  • 1% fuel surcharge waiver on fuel spends across all petrol pumps

Also read: Top Secured Credit Cards in India

SBM Rupicard Credit Card: Eligibility Criteria

To be eligible for this credit card, the applicant must be an Indian resident and also meet the below eligibility criteria:

  • Age Requirement: 18 years
  • Minimum FD Amount: Rs. 5,000

Suggested read: Top OneCard Credit Cards

SBM Rupicard Credit Card: Fees & Charges
Type of Fee or Charge Amount
Joining Fee Nil
Annual/ Renewal Fee Nil
Finance Charges 2.5% p.m. (30% p.a.)
Late Payment Fee Rs. 299
Should You Apply for SBM Rupicard Credit Card?

SBM Rupicard is a suitable option for consumers planning to start their credit journey with a basic credit card. Cardholders can earn 2 points per Rs. 100 spent and redeem them against cashback at a value of Rs. 0.25 per point, making it a preferable choice for those who prefer direct savings. Besides this, the card also charges a low forex markup fee of 2.49%, allowing cardholders to save on their overseas spends. Overall, with basic benefits and relaxed eligibility criteria, SBM Rupicard Credit Card turns out to be a decent option for new-to-credit individuals looking to save across all categories.

Consider SBM Rupicard if:

  • You are new to credit and want to build your credit score
  • You are looking for a rewards credit card with basic benefits
  • You are comfortable redeeming reward points only against cashback

Consider other options if:

  • You are looking for a card to save on travel spends
  • You have a strong credit score and are eligible for unsecured cards with better benefits
  • You want direct savings with a cashback credit card or a rewards card with a 1:1 cash redemption ratio
FAQs

How can I apply for SBM Rupicard Credit Card?
You can apply for this credit card online by downloading the Rupicard mobile app. After this, you need to open a fixed deposit account, and the virtual card will be issued via the app. Besides this, you can also apply for the card offline by visiting any of the nearest branches of SBM Bank and asking the representative about the offline application process.

What is the credit limit offered on SBM Rupicard Credit Card?
This credit card comes with a credit limit of up to 90% of the fixed deposit amount. You can also increase your credit limit by topping up your fixed deposit, while earning up to 7% p.a. interest on your FD.

What is the minimum FD amount required to apply for SBM Rupicard Credit Card?
The minimum FD amount required to apply for this credit card is Rs. 5,000. You can apply for the card, use it for your spends, and pay your bills on time to build a strong credit score.

Can I use SBM Rupicard Credit Card for foreign transactions?
Yes, you can use this credit card for foreign currency transactions, as it charges a comparatively low forex markup fee of 2.49%.

Will I be charged for SBM Rupicard Credit Card?
No, this is a lifetime free credit card that comes with no joining or annual fee.

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