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SBM MobiKwik First Credit Card
RuPay
SBM MobiKwik First Credit Card
SBM MobiKwik First Card is a co-branded, FD-backed RuPay credit card issued by SBM Bank India through the MobiKwik app, aimed at people with limited or no credit history. It carries zero membership and annual maintenance fees and offers up to 45 days of interest-free credit. It's a practical entry point for building a credit score rather than a rewards-heavy product.
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 who clear the standard eligibility bar whose spend is concentrated in online shopping. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- 🛍️ Shopping
1% reward rate
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Employment: salaried, self-employed
- Age: 18–60
Fees & charges
- Foreign currency markup: 3.5%
Benefits
- Credit limit of up to 90% of the FD amount; cash withdrawal limit up to 30% of the credit limit.
- Cashback earned can be encashed or transferred directly to a bank account via the MobiKwik app.
Pros
- + Zero membership and annual maintenance fee
- + No income proof or prior credit history required
- + Up to 45-day interest-free credit period
- + Managed entirely through the MobiKwik app
Cons
- − Requires locking funds in a fixed deposit to get the card
- − Cashback rate is modest versus unsecured cards
- − Limited to whatever credit line the FD supports
Best for