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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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Key Highlights of SBM Rupicard Credit Card |
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| 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.
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Rewards Program
Note: No reward points will be offered on fuel, wallet, rent, government, jewellery, education, utility, insurance & railway spends.
Other Features & Benefits
Also read: Top Secured Credit Cards in India
To be eligible for this credit card, the applicant must be an Indian resident and also meet the below eligibility criteria:
Suggested read: Top OneCard Credit Cards
| 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 |
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.
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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.
