SBM Credilio Credit Card

Rewards Program

• 10 novio Coins for every Rs. 100 spent on fuel via UPI, capped at 400 Coins per month, on fuel spends between Rs. 400 and Rs. 4,000
• 1 novio Coin for every Rs. 100 spent on fuel, capped at 40 Coins per month, on fuel spends between Rs. 400 and Rs. 4,000
• 5 novio Coins for every Rs. 100 spent on other categories, including UPI transactions
• Redeem reward points through novio app against brand vouchers

Other Features & Benefits

• Low forex markup fee of 2.49%
• Credit limit of 90% of the FD amount
• Cash withdrawal limit of 50% of the available credit limit
• Interest free period of up to 45 days

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: 5,000

Click here for the detailed fees & charges and other terms & conditions.

SBM Credilio Credit Card is a decent option for consumers looking to start their credit journey. Cardholders can avail this credit card with a minimum FD of Rs. 5,000 and earn value-back on every spend. This card not only offers rewards on everyday categories, but also offers accelerated rewards on fuel spends, a category that is usually excluded from most rewards programs.

However, the value-back is offered in the form of novio Coins, which can only be redeemed through the novio app against brand vouchers, which may limit the value-back for some consumers. Also, cardholders can earn benefits on UPI spends as well with the RuPay variant. making it a preferable option for day-to-day spends. Overall, this credit card is a suitable choice for consumers looking for a card with basic benefits while building a strong credit profile.

How does SBM Credilio Credit Card’s rewards program work?
You can earn novio Coins as value-back on their spends. The card offers Coins per Rs. 100 spent on fuel via UPI, capped at 400 Coins per month, and 5 Coins per Rs. 100 spent on other categories. These Coins can be redeemed for brand vouchers through the novio app.

What is the credit limit offered on SBM Credilio Credit Card?
The credit limit on SBM Credilio Credit Card is 90% of the fixed deposit amount. For example, if your FD is Rs. 10,000, your available credit limit will be Rs. 9,000.

Are there any fees associated with SBM Credilio Credit Card?
This card has no joining or annual fees. However, finance charges are 2.5% per month (30% p.a.), and late payment fees are Rs. 499. The card also has a low forex markup fee of 2.49%, making it suitable for international spends.

What is the eligibility criteria for this card?
The applicants must be Indian residents aged 18 years or above. The minimum FD required is Rs. 5,000 to apply for this credit card.

Can I use SBM Credilio Credit Card for international transactions?
Yes, SBM Credilio Credit Card charges a low forex markup fee of 2.49%, which is lower than many standard credit cards. This makes it a practical option for international spends.

Is SBM Credilio suitable for everyday spending?
Yes, the card offers rewards on everyday categories including UPI transactions and accelerated rewards on fuel spends, making it useful for day-to-day purchases while helping you build a strong credit profile.