SBM Gild Credit Card

Rewards Program

• 0.75% back as Petals on all spends
• Petals can be adjusted for any refunds or non-settled transactions, excluding political parties, money transfers, rent, real estate, lotteries and casinos
• Redeem petals from the Gild App to convert them to digital gold at a 1:1 ratio (24K 99.99% pure Digital gold)

Note: As petals are converted into digital gold, an account is created with SafeGold inside the Gild app where a cardholder can see their accumulated gold.

Other Features & Benefits

• Low forex markup fee of 2.49%
• 90% credit limit of the FD amount
• 100% cash withdrawal limit of the available credit limit

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. 10,000

Type of Fee/ Charge	Amount
Joining Fee	Rs. 499 + Applicable Taxes
Annual Fee	Rs. 499 + Applicable Taxes
Finance Charges	2.5% p.m. (30% p.a.)
Late Payment Fee	Rs. 299

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

SBM GILD Credit Card offers 0.75% value-back across all spends in the form of Petals. Cardholders can redeem the accumulated Petals against digital gold at a 1:1 ratio, which enhances the card’s overall value. Besides this, the card also charges a comparatively low forex markup fee of 2.49%, making it a suitable option for overseas spends. This credit card is a decent choice for individuals who are new to credit and want to build their credit history while saving on their spends.

Consider SBM GILD Credit Card if:

• You are new to credit and want to build credit using a credit card
• You are looking for a rewards credit card with basic benefits
• You want to save on your international spends via low forex markup fee

Consider other options if:

• You are eligible for unsecured credit cards with enhanced benefits
• You want to earn higher value-back across all spends
• You are looking for a card with better travel and lifestyle benefits

How can I apply for SBM GILD Credit Card?
You can apply for this credit card online through the GILD app. You are required to submit the necessary details and open a fixed deposit of a minimum of Rs. 10,000 to apply for this credit card.

What is the credit limit offered on SBM GILD Credit Card?
The credit limit offered on this credit card is 90% of the fixed deposit amount. However, the approval of the credit limit depends on your eligibility and the bank’s internal policies.

Can I use SBM GILD Credit Card for foreign transactions?
Yes, this credit card charges a low forex markup fee of 2.49%, making it a suitable option for international transactions.

Does SBM GILD Credit Card offer reward points?
Yes, this credit card offers 0.75% value-back on every spend in the form of Petals. You can redeem the accumulated Petals against digital gold through the GILD app at a value of 1 Petal = Rs. 1.

Is SBM GILD Credit Card suitable for travel?
Yes, if you are looking for a card to save on international spends, this card is a suitable option with a low forex markup fee of 2.49%. However, if you want to avail travel benefits, such as complimentary lounge access, hotel memberships, or accelerated rewards, you should explore other options.