Synopsis: The SBM Novio RuPay FD Credit Card offers a credit limit against a fixed deposit while helping users build their credit history. It provides rewards on everyday spends, UPI transactions, and fuel purchases. The card is a suitable option for first-time credit card users.
Getting a credit card may be challenging for a beginner or a person who does not have a good credit history. The SBM Novio RuPay FD Credit Card helps you get around that obstacle because it is a secured credit card with an option to keep a fixed deposit, which keeps earning interest. The card comes with lifetime zero fees and reward coins every time there is a transaction, and partner offers from popular brands, the card combines credit-building with everyday savings while allowing users to continue earning interest on their fixed deposit.
SBM Novio RuPay FD Credit Card
- Fees & Features:
- Joining & Annual Fee: Lifetime free.
- FD Requirement: Starts from ₹2,000.
- FD Range: ₹2,000 to ₹5 lakh.
- Credit Limit: Up to 90% of the FD amount.
- FD Interest: Earn up to 7% per annum.
- Interest-free Period: Up to 45 days.
- Card Type: RuPay FD-backed secured credit card.
- Virtual Card: Instant virtual card for FDs starting at ₹2,000.
- Physical Card: Issued for FDs of ₹10,000 or above.
- FD Top-up: Increase your FD and credit limit anytime.
- Rewards & Benefits:
- Earn 5% Novio Coins on UPI transactions.
- Earn 5% Novio Coins on offline (POS/store) spends.
- Earn 10% Novio Coins on fuel purchases.
- Redeem Novio Coins for discounts of up to 20% across partner brands.
- Welcome Benefits:
- New cardholders can unlock welcome benefits worth up to ₹5,000 by spending ₹2,500 within the first 30 days of card issuance, subject to applicable terms and conditions.
- Partner Offers:
- BookMyShow: Buy 1 Get 1 Free (up to ₹250 per eligible transaction)
- Amazon: Up to 5% instant discount on eligible purchases
- Zepto: 10% cashback on eligible orders
- Swiggy: 20% discount on eligible food orders
- Fuel: ₹100 joining benefit per month for 6 months (subject to terms)
SBM Novio RuPay FD Credit Card Spending Illustration (₹55,000 FD)
- Fixed Deposit: ₹55,000
- Credit Limit: Up to ₹49,500 (90% of FD)
- Monthly Card Spending: ₹20,000
- Annual Card Spending: ₹2,40,000
Note: This illustration assumes a ₹55,000 FD, a credit limit of up to ₹49,500, and monthly card spending of ₹20,000 with the outstanding balance paid in full every month. Reward calculations are based on SBM Novio’s redemption rate of 5 Novio Coins = ₹1. Actual rewards, partner offers, and savings may vary depending on eligible transactions and applicable terms and conditions.
To Apply for this card, please visit the Official Website
Who Should Consider This Card
SBM Novio RuPay FD Credit Card is ideal for people applying for a credit card for the first time, students, young working professionals, and people seeking to establish or build their credit score. It can be of help to those applicants who may fail to satisfy the income requirements for getting a credit card. It works well for those people who make a lot of UPI payments and do online shopping, or want to earn rewards while keeping their money invested in an FD.
