SBM Rupicard Credit Card

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

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

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.

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

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.