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SBM Credilio Credit Card
Secured FD-backed credit card with unlimited cashback and easy approval.
Overview
SBM Credilio Credit Card is a secured credit card issued by SBM Bank (India) Limited in partnership with Credilio Financial Technologies Pvt. Ltd. The card is issued against a fixed deposit (FD) opened with the bank and is designed for easier approval — even without income proof or credit score — while providing 1% cashback on everyday spends and helping users build credit history.
Features & Benefits
Joining & Renewal Benefits
Cashback rewards on spends and partner brand vouchers (varies with ongoing promotions).
Annual fee is often waived upon meeting the annual spend criteria of around ₹25,000.
Cashback & Rewards
- • 1% cashback on eligible everyday spends
- • Accelerated rewards via limited-time UPI campaigns
Cashback is credited directly to the credit card statement for qualified spends. Rewards may also be converted into Novio Coins, redeemable for brand vouchers via the Novio/Credilio app.
Lifestyle Benefits
- • Easy digital application process
- • Helps build credit score with on-time repayments
- • Virtual card issued instantly upon approval via app
Approximately 2.49% forex markup fee, making it competitive for international spends.
Fees & Charges
- • Easy approval with FD (no income proof needed)
- • Earn cashback on everyday spends
- • Low forex markup compared to many entry cards
- • Rewards redemption limited to partner app vouchers
- • Requires FD (funds remain locked)
- • FD not maintained or closed may lower credit limit
- • Certain transactions like wallet loads and utility categories may not earn cashback
Add-on cards are not currently supported.
- • Must be an Indian resident
- • 18+ years of age
- • A valid FD booked via SBM Credilio app
Annual fee may be charged but is often waived on meeting minimum annual spend criteria.