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SBM Credilio Credit Card Highlights |
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| Card Type | Secured Credit Card (Backed by FD) |
| Joining Fee | NIL |
| FD Amount | Rs 5,000 to Rs 50,000 |
| FD Options | 4 different FD amounts – Rs 5,000, Rs 10,000, Rs 25,000 and Rs 50,000 |
| FD Tenure | 390 days |
| FD Interest Rate | Up to 7% p.a. |
| Credit Limit | Up to 90% of the FD amount |
| Welcome Benefit | Vouchers worth Rs 4,049 |
| Interest Free Period | Up to 45 days |
| Lounge Access | Not available |
Looking for Higher FD rates? Book an FD @6.5% p.a. and get a lifetime free credit card
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
SBM Credilio Secured Credit Card – Cashback Reward Program
- The cardholder can get 1% cashback on ECOM/POS transactions
- This cashback reward program is not valid for negative MCCs and transactions categorized as gaming/casinos, rent payments, wallet transactions, mutual funds, gold purchases, utilities, insurance, etc
- The minimum cashback accumulation eligible for adjustment against the SBM Credilio Credit Card outstanding is Rs 250
- If the cashback amount is less than Rs 250, it will not be deducted from the credit card outstanding but will be carried over to the next month
- Cashbacks do not expire and will be transferred to your account
- There is no minimum or maximum cap on the transaction amount to get cashback
SBM Credilio Secured Credit Card Offers
Welcome Offer
On spending a minimum of Rs 1,000 on an SBM Credilio Credit Card within 30 days of card issuance, cardholders would receive a welcome package of a mix of gift cards and discount vouchers worth Rs 4,049. The cardholder has to fulfill the welcome offer within 45 days of meeting the eligibility criteria of the SBM Credilio Credit Card.
Here are the welcome benefits of leading brands:-
| Brand | Offers |
| Myntra | Additional 10% off of up to Rs 500 on a minimum purchase of Rs 999 on selected styles |
| Swiggy | Voucher of Rs. 75 |
| McDonalds | Get any one of the items FREE (McEgg Burger/ Medium Fries/McAloo Tikki Burger/ Coke) on purchase of Rs 249 (Offer is applicable on West and South) |
| Gaana | 3 Month Free Subscription of Gaana Plus |
| Ajio | Flat Rs 400 on minimum purchase of Rs 2,000 |
Book an FD and Get Step Up Credit Card without credit score check Apply Now
Features of SBM Credilio Secured Credit Card
- The credit limit is 90% of the fixed deposit amount
- The credit card comes with zero joining fees
- An SBM Bank fixed deposit of at least Rs 5,000 is required for opening SBM Credilio credit card against FD
- The cardholder can open FD of 4 different amounts i.e. Rs 5,000, Rs 10,000, Rs 25,000 and Rs 50,000 for availing SBM Credilio Credit Card
- The cash withdrawal limit is up to 50% of the available credit limit.
- Interest free grace period of up to 45 days on credit card transactions (except cash withdrawals)
- The lounge access facility is not available
- The cardholders can earn an FD interest rate of up to 7% p.a. on their deposits
- The fixed deposit opened with the SBM Bank will be in auto-renewal mode. The principal and interest accrued will be automatically reinvested on the deposit for the same tenure while keeping the credit limit the same as before.
- Cardholders have the facility to top-up their FD by creating a new fixed deposit account with the Credilio mobile app. The total amount for all FDs can go up to Rs 2 lakhs
- Nomination facility is available on the SBM fixed deposit account
Earn 6.5% p.a. on your FD & Get a lifetime free Step Up Credit Card
Card limit is 90% of FD Amount
Instant Virtual Card
6.5%INTEREST ON FD
Fees & Charges of SBM Credilio Secured Credit Card
Finance Charges
| Particulars | Annual | Monthly |
| Interest on Credit Free Period | 30.00% | 2.50% |
| Interest on Cash Advances | 40.00% | 3.33% |
Other Fees & Charges
| Particulars | Charges |
| Joining Fees | NIL |
| Annual Fees | Rs 249 |
| Annual Fees Waiver | Annual fees will be waived on spend of Rs 25,000 |
| Cash Transaction Fee | Rs 99 per transaction |
| Interest rate for POS/ECOM | 2.5% per month (30% per year) |
| Interest Rate for Cash Transaction | 3.3% per month (40% per year) |
| Interest Free Period | Up to 45 days |
| Late Payment Charge on Non Payment of Minimum Amount Due | Rs 199 |
| Physical Statement Fee | Not applicable |
| Cash Advance Transaction Fee | 2.5% on advanced amount (Minimum Rs 500) |
| Foreign currency transactions mark-up fee | 3.5% of the transaction amount |
| Rent Pay Transactions fee | 1% of the transaction amount |
Get Secured Credit Card with credit limit of 90% of your FD Apply Now
Services Charged Levied for Transactions
| Particulars | Charges |
| Reward Redemption Fee | NIL |
| Repayment Charges | NIL |
| FD Preclosure | 1% |
| Over limit Fee | NIL |
| Surcharge Fee | 1% |
| Forex Markup | 2.49% |
| Minimum Amount Due | 5% of the total amount due |
| Card Replacement Fee | Rs 249 |
| Card Cancellation fee | Rs 599 within 6 months of cancellation |