SBM Credilio Secured Credit Card
Rewards & Benefits
Welcome Benefits
None
Milestone Benefits
Cashback Rate
For every POS/ECOM transaction, users will earn a flat 1% back as cashback rewards.
Movie Benefits
Dining Benefits
Other Benefits
Credit card is backed by a Fixed Deposit.
Lounge Access
Fees & Charges
Joining Fee
NIL
Annual Fee
Annual membership fee: INR 249
Cash Advance Fee
Cash advance fee: 299 INR per transaction.
Interest rate
2.5% per month, 30% per annum.
Late Payment Fee
Late payment charges: INR 499
Foreign Currency Transactions Fee
Foreign currency markup fee: 2.49%
Other Fees
Fuel surcharge: 1%.
Cons
Very limited benefits.
No airport lounge access.
Limited network of bank.
Reward System: For every POS/ECOM transaction, users will earn a flat 1% back as cashback rewards. Where 1 cashback point = ₹1.00. So the cashback rate is 1%.
Credit card is backed by a Fixed Deposit.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
Users shall be required to create and maintain a fixed deposit of minimum Five Thousand (5,000)
with the Bank through the SBM Credilio mobile app.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
The SBM Credilio Secured Credit Card is a credit card issued against a fixed deposit (FD) with SBM Bank. Here's how to apply:
Download the SBM Credilio App: Download the app from the Google Play Store.
Create an FD: Open and maintain an SBM bank fixed deposit worth a minimum of Rs. 5,000 through the app.
Apply for the Credit Card: Within the app, you can apply for the SBM Credilio Credit Card.
Complete Video KYC: Undergo a video KYC process to verify your identity.
Receive your Card: Once approved, you'll receive your SBM Credilio Credit Card.
Contact Details
Tel No: +91 22 4007 1500
Email : customercare@sbmbank.co.in
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Reward System: For every POS/ECOM transaction, users will earn a flat 1% back as cashback rewards. Where 1 cashback point = ₹1.00. So the cashback rate is 1%.
Credit card is backed by a Fixed Deposit.
Very limited benefits.
No airport lounge access.
Limited network of bank.
The card is issued against a fixed deposit. The card offers 1% cashback on e-commerce and offline transactions. The card offers no notable value add feature.
The card is issued against a fixed deposit. The card offers 1% cashback on e-commerce and offline transactions. The card offers no notable value add feature.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
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Fuel Surcharge
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Billing Cycle
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