All cards / SBM Bank India (Freo)
SBM Bank India (Freo)
Freo Plus Credit Card
RuPay
Freo Plus Credit Card
Freo Plus is the full-fledged credit card upgrade path for Freo customers who've outgrown the smaller Freo Pay credit line, offering higher cashback on shopping and utility bills in exchange for a modest annual fee that's easy to waive with regular spend.
Rates and fees last verified 15 July 2026 · No bank pays us to rank higher.
Annual fee
₹199
Joining fee
₹0
Reward type
cashback
Base reward rate
1.5%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in online shopping, utilities. Its annual fee waives if you can comfortably clear the spend threshold.
Benefits by category
- 🛍️ Shopping
2.5% reward rate
- 🧾 Utilities
2% reward rate
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
- Age: 21–58
Benefits
- Higher cashback rates than the base Freo Pay credit line, positioned as a step-up full credit card once a user's Freo track record is established
- RuPay credit-on-UPI enabled for scan-and-pay spending
Pros
- + Meaningfully higher cashback than Freo Pay on shopping and utility bills
- + Annual fee waived on ₹40,000 of yearly spend
- + RuPay credit-on-UPI support
Cons
- − ₹199 annual fee applies below the waiver threshold
- − No lounge access or travel benefits
- − Smaller issuing-bank support network via SBM Bank India