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
₹299
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. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
- Travel: 2.49% forex markup, lower than most FD-backed entry cards
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
- Spend-based waiver: Waived on annual spend of ₹50,000
- 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
- − From 23 Oct 2026 an annual fee of ₹299 (virtual card) / ₹499 (physical card) applies, waived on ₹50,000 spend in the preceding year