SBM Rupicard Credit Card is a secured credit card offered by SBM Bank, against its fixed deposits, in collaboration with Rupicard as the co-branded partner. This card is issued against fixed deposits of Rs 5,000 onwards and can be availed by all individuals, including those having no income proof or credit score. SBM Rupicard credit card holders can also avail top-up on their fixed deposits to enhance their credit limit by creating new FD(s) through the mobile app.
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SBM Rupicard Credit Card Highlights |
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| Card Type | Secured credit card (backed by SBM fixed deposit) |
| Minimum FD amount | Rs 5,000 |
| Reward Points | Earned for eligible transactions (Pos and Ecom) at the rate of 2 reward points per Rs 100 spent |
| Joining/Annual Fee | NIL |
| FD interest rate | Up to 7% |
| Credit Limit | 90% of the fixed deposit amount |
| Lounge Access | Not available |
SBM Rupicard Credit Card Rewards
Reward Points: Cardholders can earn reward points for eligible transactions (PoS/Ecom) at the rate of 2 reward points per Rs 100 spent. The earned reward points can be adjusted against the next outstanding bill of credit card, wherein the value of 1 reward point being equal to Re 0.25.
Features of SBM Rupicard Credit Card
- Fixed deposits pledged for availing SBM Rupicard Credit Card will earn interest rate of up to 7% p.a..
- Interest free grace period of up to 45 days is allowed on credit card transactions (except cash withdrawal).
- Cash withdrawal limit is 90% of the sanctioned credit limit.
- SBM Rupicard does not provide free lounge access facility to its cardholders.
- Certain transactions such as rental payments, fuel payments, cash withdrawal, jewellery purchase, utility payments, etc. will not earn any reward points.
- Nomination facilities shall be available for SBM bank fixed deposits.
- EMI transactions and cash transactions will not be available for reward points.
SBM Rupicard Credit Card Fees and Charges
Finance Charges
| Particulars | Annual Charges | Monthly Charges |
| Interest after credit free period | 30.00% | 2.50% |
| Interest on cash advances | 30.00% | 2.50% |
| Particulars | Charges |
| Joining/Annual Fees | NIL |
| FD premature withdrawal penalty | 1% |
| Interest free period | Up to 45 days |
| Late payment charge | Rs 299 |
| Interest rate for POS/ECOM, Cash transactions | 2.5% per month (30% per year) |
| Cash advance fee/ATM withdrawal fees/Cash transaction fees | 2.50% of withdrawal amount or Rs 300, whichever is higher |
Service charges levied for transactions
| Particulars | Charges |
| Rewards redemption fee | NIL |
| Fuel surcharge fee | 1% |
| Repayment charges | NIL |
| Over limit fee | NIL |
| Card replacement fee | Rs 500 |
| Card cancellation fee | Rs 750 within 1 year of cancellation |
| Forex Markup charges of the overseas transaction | 2.49% |