SBM novio Credit Card
Zero Income Proof Required • Min Fixed Deposit: ₹2,500 for virtual card; ₹10,000 for physical card • No Minimum CIBIL Score Needed
Your pledged deposit continues to earn standard bank FD interest rates (up to 7.5% p.a.) while building an impeccable credit profile.
About SBM novio Credit Card
The SBM novio Credit Card (RuPay Variant) is an entry-level secured credit card designed for students, freelancers, and first-time borrowers unable to obtain unsecured cards due to credit history requirements. With a low minimum fixed deposit threshold of ₹2,500 and a 90% credit limit ratio, it delivers an easy on-ramp to the formal credit system.
Rewards and Benefits
Verified privileges, welcome benefits, movie discounts, and airport lounge schedules.
| Category | Details & Conditions |
|---|---|
| FuelFuel UPI | 10 novio Coins per ₹100 on UPI fuel payments (monthly cap of 400 coins) |
| QrCodeUPI Merchant Payments | 5 novio Coins per ₹100 on general UPI merchant transactions (uncapped, rounded to ₹100) |
| ShoppingBagOnline & POS Retail | 5 novio Coins per ₹100 on general retail spending (uncapped) |
| CreditCardFuel POS | 1 novio Coin per ₹100 on POS card machine fuel spends (monthly cap of 40 coins) |
| PlaneAirport Lounge | No complimentary domestic or international airport lounge access |
| GiftReward Redemption | Redeemable strictly for brand vouchers in novio app; coins have no fixed monetary cash value |
Fees & Charges
Transparent schedule of annual charges, spend-based reversals, finance APR, and cash advance rates.
| Fee / Charge | Amount & Conditions |
|---|---|
| Joining Fee | ₹0Zero joining fee confirmed by official SBM Bank Key Fact Statement. |
| Annual / Renewal Fee | ₹0Lifetime free card with zero annual charges. |
| Forex Markup | 2.49%Competitive 2.49% forex markup on cross-border transactions. |
| Cash Advance Fee | 2.5% or ₹299Whichever is higher on domestic ATM cash withdrawals. |
| POS / ECOM Interest Rate | 3.5% p.m. (42% p.a.)Effective from 6 January 2026 as per official KFS. |
| Cash Advance Interest | 2.99% p.m. (35.88% p.a.)Applicable on cash transactions from date of withdrawal. |
| Rental Transaction Fee | 1%1% processing fee applicable on rental payments effective 15 July 2026. |
| Education Transaction Fee | 1%1% processing fee applicable on education transactions effective 15 July 2026. |
| Early Cancellation Fee | ₹599Applicable if card is cancelled within 12 months of issuance. |
| FD Preclosure Penalty | 1%1% penalty if underlying fixed deposit is broken before 390-day maturity. |
| Card Replacement Fee | ₹249Charge for physical card re-issuance. |
Product Details
Pros & Cons
SBM novio Credit Card Features and Benefits
Comprehensive overview of welcome benefits, quarterly spend bonuses, dining privileges, and renewal fee waiver milestones.
Secured Credit Builder
Ideal for first-time credit seekers or individuals looking to rebuild CIBIL score. Fixed deposits are RBI-insured up to ₹5 lakh via DICGC with guaranteed approval.
RuPay UPI Integration
Seamlessly link your SBM novio credit card to any UPI app to pay merchants via QR code while earning up to 10 novio Coins per ₹100 on fuel and 5 Coins per ₹100 on retail.
Dynamic FD Top-Up & Dual Limits
Start with an FD as low as ₹2,500 for a virtual card or ₹10,000 for a physical card. Credit limit is set at 90% of FD and can be scaled up to ₹4,00,000.
Earn novio Coins on UPI and Retail Spends
Earnings are calculated on transactions rounded down to ₹100 multiples. Coins are redeemable in the novio mobile app for partner brand vouchers.
Eligibility Criteria for SBM novio Credit Card
The following table illustrates the income-based and age-based underwriting criteria:
| Criteria | Salaried Employees | Self-Employed Individuals |
|---|---|---|
| Age | 18 to 70 years | 18 to 70 years |
| Income Proof | No income proof required; backed by fixed deposit | No income proof required; backed by fixed deposit |
| Fixed Deposit (Min FD) | ₹2,500 for virtual card; ₹10,000 for physical card (Pledged under bank lien, earns full FD interest) | |
| Approval Guarantee | 100% Guaranteed Digital Approval — No Physical Documents Required | |
| Credit Score (CIBIL) | No CIBIL score required (100% guaranteed approval against FD) | |
How to Apply for SBM novio Credit Card
Simple 4-step digital application process directly on the official issuer portal:
Check Eligibility
Click "Apply Now" to open the official bank application portal.
Enter Details
Provide your mobile number, PAN, and employment information.
Complete Video KYC
Verify your identity via paperless Aadhaar OTP or a quick 2-minute Video KYC.
Receive Card
Get instant virtual card access and physical card delivery within 5-7 working days.
CardIntel Score v1.1
Objective Card Quality Breakdown
CardIntel Score v1.1 measures structural card quality against a fixed ₹6 lakh annual benchmark. It evaluates 9 factors including Net Ownership ROI, without affiliate commission, editorial preference, or card slug heuristics.
SBM novio Credit Card is immediately cost-positive from ₹0 spend (Lifetime Free or welcome benefits exceed initial fee).
4-Layer Financial Intelligence
Card Economics & Net ROI
Evaluating real economic return after accounting for benchmark spending (₹6,00,000/yr), effective annual fee, and verified category caps.
Calculate Your Real Returns
What You'll Actually Earn
Calculated using CardIntel's deterministic reward rules, fee waivers, and merchant accelerated caps.
Frequently Asked Questions (FAQs)
Official guidance on applications, reward redemptions, credit limit assignments, and customer support.
Your credit limit is set to 90% of your fixed deposit. For example, a ₹10,000 fixed deposit provides an approximate credit limit of ₹9,000. Your deposit continues to earn up to 7% p.a. interest over a 390-day tenure.
Verified Bank MITC Provenance
All reward percentages, exclusions, and annual fee waiver rules for SBM novio Credit Card are verified directly against official bank regulatory filings and Most Important Terms and Conditions (MITC).
CardIntel may earn referral fees from eligible application links. These fees never influence CardIntel Scores, rankings, or recommendations.
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