Niyo Global SBM Credit Card
SBM Bank (India) · Open to apply
A fixed-deposit-backed Visa credit card from SBM Bank and the Niyo app, with no joining or annual fee and no forex markup. It pays Niyo Coins worth 2% on domestic online spends, 1% on international online spends and 3% on travel booked in the Niyo app; shop (POS) and ATM spends earn nothing.
- Annual fee
- Lifetime free
- Joining fee
- None
- Base rate
- No coins on shop (POS), tap-and-pay and ATM spends: 0% in Niyo Coins (about 0% at cash value)
- Lounges
- None on record
- Forex markup
- 0%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 30 coins per ₹100 (3%) on travel booked in the Niyo app: 30 Niyo Coins per ₹100 (about 3% at cash value)
- 20 coins per ₹100 (2%) on domestic online spends: 20 Niyo Coins per ₹100 (about 2% at cash value)
- 10 coins per ₹100 (1%) on international online spends: 10 Niyo Coins per ₹100 (about 1% at cash value)
Earns nothing on
- No coins on shop (POS), tap-and-pay and ATM spends
- No coins on cash, transfers, rent, wallets, gambling, government, education, utilities, telecom and insurance
Where the sources disagree
- joining and annual fee: The KFS lists ₹500 joining and ₹500 annual "waived off"; the MITC table gives nil. Both mean nothing is charged.
Terms the calculator does not value
- Coins arrive up to seven business days after the transaction and are redeemed only on Niyo products and services at offers Niyo can change; the ₹0.10 coin value holds only if the holder uses those offers.
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)
- Niyo Global SBM Credit Card, Key Fact Statement (PDF of 2026-10-12) (Schedule of charges, the bank's own, read 6 Nov 2026)
- SBM Niyo Credit Card, Rewards Terms and Conditions (26 Feb 2026) (Reward terms, the bank's own, read 6 Nov 2026)