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DCB Novio Credit Card
A low-barrier FD-backed RuPay credit card from DCB Bank in partnership with fintech Novio, letting applicants start with a fixed deposit as small as Rs.2,000. It is built for first-time credit users rather than reward-chasers.
Annual fee
₹0
Joining fee
₹0
Reward type
cashback
Base reward rate
1%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 600+ whose spend is concentrated in utilities. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 1% base rate
- Domestic lounge access: Not offered on this base variant
Benefits by category
- 🧾 Utilities
1.5% reward rate (capped ₹300/monthly)
- 🌍 Forex / international spend
2.5% forex markup on international transactions
Eligibility
- Minimum credit score: 600
- Employment: salaried, self-employed
- Age: 18–65
Fees & charges
- Foreign currency markup: 2.5%
- Interest rate: 36% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver up to ₹100 per statement cycle (on fuel transactions up to ₹5,000).
- Cash advance charges: 2.5% of the transaction value or ₹299, whichever is higher.
Benefits
- Credit limit against a fixed deposit starting from Rs.2,000, with no joining or annual charges.
Pros
- + FD requirement starts as low as Rs.2,000
- + No joining or annual fee
- + Accessible to thin-file and first-time credit users
Cons
- − No lounge access on this base variant
- − Rewards are minimal
- − Credit limit is only as large as the backing FD