All cards / SBM Bank India (Niyo)
Niyo Global Credit Card
Niyo built its entire brand on zero-forex-markup international spending, and the Niyo Global card (issued via SBM Bank India) extends that pitch from its debit card into a credit product for travelers and students who spend heavily abroad. The reward rate is modest, but the forex savings alone can outweigh the cashback foregone on a heavy-travel itinerary.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in travel. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0% base rate
- Travel: Zero forex markup on all international currency spends and markup-free ATM withdrawals abroad on the linked Niyo Global account
- Domestic lounge access: None
- International lounge access: None
Benefits by category
- ✈️ Travel
3% reward rate
- 🛍️ Shopping
2% reward rate
- 🌍 Forex / international spend
Zero forex markup on international spends, one of the very few Indian cards to fully waive currency conversion charges · 0% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Employment: salaried, self-employed
- Age: 18–60
Fees & charges
- Foreign currency markup: 0%
Benefits
- Zero forex markup on international spends, one of the very few Indian cards to fully waive currency conversion charges
- ATM withdrawals abroad without markup on the linked Niyo Global travel account, positioned for frequent international travelers and students
Pros
- + Zero forex markup on foreign currency transactions — a rare and genuinely valuable perk
- + No joining or annual fees
- + Aimed specifically at students and frequent international travelers, with supporting travel-account features
Cons
- − No rewards on POS, tap-and-pay or ATM transactions; Niyo Coins expire after 12 months
- − Domestic online spends earn 2% and international online 1% in Niyo Coins (1 coin = ₹0.10)
- − Limited use case for people who mostly spend in India
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