SBM Kredit.Pe Credit Card
SBM Bank (India) · Open to apply
A credit card from SBM Bank and Kredit.Pe, issued against a fixed deposit with SBM (limit 90% of the deposit). It pays 3% cashback on card payments online and in shops and on UPI through the Kredit.Pe app, but the cashback is spent as extra discount on brand vouchers in the Kredit.Pe app, not paid out. ₹199 a year below a ₹5,000 deposit.
- Annual fee
- Lifetime free
- Joining fee
- None
- Base rate
- 3% cashback on online and in-store card payments: 3% in Kredit.Pe cashback (about 3% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Earns nothing on
- No cashback on UPI through other apps
- No cashback on rent, cash and money transfers, wallets, education, insurance, government, gambling, utilities and tolls
Where the sources disagree
- minimum due on cash: The KFS gives 5% for cash transactions; the MITC table gives 10%. Not used by the calculator.
Terms the calculator does not value
- The cashback cannot be withdrawn: it is used as an extra 5% or 10% discount on brand vouchers in the Kredit.Pe app, and extra amounts paid for those vouchers earn nothing. The ₹1 value assumes the holder buys enough vouchers to use it.
- The ₹199 + GST annual fee applies when the deposit is under ₹5,000 (credit limit under ₹4,500); entered as nil.
- No cap on the cashback is stated.
Sources
- SBM Secured Credit Card MITC & Cardholder Member Agreement (PDF of 2026-10-29) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- SBM Kredit.Pe Credit Card, Key Fact Statement (PDF of 2026-10-12) (Schedule of charges, the bank's own, read 6 Nov 2026)
- SBM Bank Kredit.Pe Rewards Construct (Reward terms, the bank's own, read 6 Nov 2026)