SBM novio Credit Card
SBM Bank (India) · Open to apply
A credit card from SBM Bank and Credilio's novio app, issued against a fixed deposit with SBM (limit 90% of the deposit). The RuPay variant earns 5 novio Coins per ₹100 on purchases and UPI, and 10 per ₹100 on fuel paid by UPI (up to 400 coins a month). Coins buy discounted brand vouchers in the novio app; their rupee value is not published.
- Annual fee
- ₹299 + GST a year
- Joining fee
- None
- Fee waiver
- Annual fee waived on ₹50,000 spend per card year
- Base rate
- 5 novio Coins per ₹100 on purchases, online, in store and by UPI: 5 novio Coins per ₹100
- Lounges
- None on record
- Forex markup
- 2.49%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 10 novio Coins per ₹100 on fuel paid by UPI (₹400 to ₹4,000 a transaction): 10 novio Coins per ₹100
Earns nothing on
- No coins on cash, money transfers, rent, wallets, gambling, government, education, utilities, telecom and insurance
Terms the calculator does not value
- novio Coins have no published rupee value; they buy brand vouchers at discounts that vary by brand in the novio app. The card's rewards are valued at nil here.
- The rewards terms are for the RuPay variant only; what the Visa variant earns is not published.
- The annual fee is also waived with a fixed deposit balance of ₹10,000 or more, which the calculator does not know.
- Fuel coins apply only to transactions of ₹400 to ₹4,000.
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 of SBM novio Secured Credit Card (PDF of 2026-10-29) (Schedule of charges, the bank's own, read 6 Nov 2026)
- SBM novio Credit Card, RuPay Variant, Rewards Program Terms & Conditions (Reward terms, the bank's own, read 6 Nov 2026)