SBM GILD Credit Card is a secured card that offers 0.75% value-back in the form of Petals across all spends. These Petals can be redeemed against digital gold at a 1:1 ratio. Besides this, the card also charges a low forex markup fee of 2.49%, enhancing the overall value for frequent travellers. Consumers are required to have a minimum FD of Rs. 10,000 to apply for this credit card. Read on to know more about this credit card and find out if it fits your style.
50+ Credit Cards from Top Banks
Compare Best Offers
Completely Digital Process
Exclusive Pre-Approved Cards waiting for you
50+ Credit Cards from Top Banks
Compare Best Offers
Completely Digital Process
Error: Please enter a valid number
Key Highlights of SBM GILD Credit Card |
|
 |
|
| Card Type | Secured Credit Card (Backed by FD) |
| Annual Fee | Rs. 499 + Applicable Taxes |
| Reward Points | 0.75% value-back across all categories |
| Forex Markup Fee | 2.49% |
| Minimum FD Amount | Rs. 10,000 |
| Credit Limit | 90% of the FD amount |
| Overall Rating | ★★ (2.5/5) |
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.
| On this page |
Rewards Program
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
To be eligible for this credit card, the applicant must be an Indian resident and also meet the below eligibility criteria:
| 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:
Consider other options if:
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.
