SBM MobiKwik First Credit Card
SBM Bank (India) · Open to apply
A lifetime-free credit card from SBM Bank and MobiKwik, issued against a fixed deposit with SBM (limit 90% of the deposit). Since 1 February 2026 it pays 1% cashback, into the MobiKwik wallet, on card spends online and in shops, and on UPI payments of ₹2,000 or more made through the MobiKwik app; UPI through other apps earns nothing.
- Annual fee
- Lifetime free
- Joining fee
- None
- Base rate
- 1% cashback on online and in-store card spends: 1% in Cashback to the MobiKwik wallet (about 1% at cash value)
- Lounges
- None on record
- Forex markup
- 3%
- Data
- From bank documents, checked 6 Nov 2026
Earns nothing on
- No cashback on UPI payments through other apps
- No cashback on rent, government and tax payments, gambling and financial institutions
- No cashback on transactions converted to EMI
Terms the calculator does not value
- Cashback is paid by MobiKwik into its wallet; the bank disclaims liability for its credit. It is lost if no MobiKwik wallet is opened within 30 days of the bill.
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)
- Key Fact Statement, SBM MobiKwik First Credit Card (PDF of 2026-10-12) (Schedule of charges, the bank's own, read 6 Nov 2026)
- SBM MobiKwik First Card, Rewards Program Terms & Conditions (cashback from 2026-02-01; SuperCash to 2026-01-31) (Reward terms, the bank's own, read 6 Nov 2026)
- SBM Bank, Secured Credit Cards (Product page, the bank's own, read 6 Nov 2026)