All cards / SBM Bank India
SBM novio RuPay Credit Card
SBM novio is an FD-backed RuPay credit card distributed through the novio app, notable for a lower-than-typical forex markup for this category of secured card and accelerated Novio Coin rewards on fuel spends. It requires only a ₹2,000 FD and no income proof, making it accessible for first-time applicants. Video KYC gets a virtual card issued within a day.
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 fuel. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- ⛽ Fuel
2% reward rate
- 🌍 Forex / international spend
Comparatively low forex markup of around 2.49% for a secured entry-level card. · 2.49% forex markup on international transactions
Eligibility
- Employment: salaried, self-employed
Fees & charges
- Foreign currency markup: 2.49%
Benefits
- Credit limit of up to 90% of a fixed deposit starting from ₹2,000, opened via the novio app.
- Comparatively low forex markup of around 2.49% for a secured entry-level card.
Pros
- + Fast virtual issuance via video KYC, often within a day
- + Lower forex markup than most secured FD-backed cards
- + Accelerated rewards on fuel and UPI spends
- + Only ₹2,000 minimum FD required
Cons
- − Rewards are in app-specific Novio Coins rather than direct cashback
- − Credit limit is fully dependent on the FD size
- − Newer, less-established co-brand than legacy secured cards