SBM Bank IndiaRuPay Network

Verified

Direct Bank Application via Official Issuer Portal

UPI / RuPay Low Annual Fee Entry Level Secured / FD Backed Co-Branded

2026 Edition

SBM Kredit.Pe Credit Card

FD-Backed Secured RuPay Credit Card for Credit Building with UPI Cashbacks

Best Suited For

Credit score repair, first-time credit builders, and secured UPI spending.

UPI / RuPay Low Annual Fee Entry Level Secured / FD Backed

Joining Fee

Free

One-time upfront

Annual Fee

₹199

Lifetime Free — no renewal fee

Base Rewards

3% on stores, 3% online, 3% UPI (5% on UPI > ₹10,000/mo)

On eligible spends

Forex Markup

3.50% + GST

Cross-currency spends

Apply Now Compare Card Official Terms

Last verified 25 Oct 2026

Why Consider This Card?

Objective editorial assessment, ideal spender profile, and primary trade-offs

Editorial Verdict

The SBM Kredit.Pe Credit Card is an accessible secured credit product issued by SBM Bank India in partnership with Kredit.Pe. Designed for first-time credit applicants and users rebuilding their credit profile, it requires a minimum fixed deposit starting at ₹2,000 with a credit limit granted up to 90% of the deposit value. Operating on the RuPay network, it allows users to link the card to UPI for everyday merchant scanning. The card carries zero joining fees and zero annual fees for credit limits of ₹4,500 and above (linked FD ≥ ₹5,000); an annual maintenance fee of ₹199 + GST applies only if the credit limit is below ₹4,500.

Ideal For:Credit score repair, first-time credit builders, and secured UPI spending.

UPI / RuPay Low Annual Fee Entry Level

Card Strengths

FD-backed credit card issued against an SBM Bank fixed deposit starting from ₹2,000 with zero proof of income required.
Earn ₹200 cashback welcome bonus on card activation, plus 3% cashback on store POS and online shopping.
Earn 3% cashback on Kredit.Pe UPI scans and 5% milestone cashback on monthly UPI spends over ₹10,000 (milestone capped at ₹500/mo).

Additional Cardholder Privileges

Welcome

₹200

₹200 Activation Cashback Bonus

Receive ₹200 cashback joining bonus credited upon successful card activation.

Shopping

3% Cashback on Stores & Online Spends

Earn 3% cashback when you use your plastic card at retail stores and for eligible online shopping, credited within 24 hours.

Cashback

Up to 5%

Up to 5% Cashback on Kredit.Pe UPI

Earn 3% cashback on Kredit.Pe UPI spends up to ₹10,000/month, scaling to 5% cashback on spends over ₹10,000/month (milestone capped at ₹500/month). Cashback credited instantly.

Other

FD-Backed

FD-Backed Secured Credit Card

Secured credit card issued against an SBM Bank fixed deposit starting from ₹2,000. No prior credit score or income documentation required, subject to standard bank KYC and verification guidelines.

Fee waiver

₹0 Joining

Zero Joining Fee; AMC NIL for Limit ≥ ₹4,500

₹0 joining fee. Annual Maintenance Fee (AMC) is ₹199 + GST applicable where credit limit is below ₹4,500 (NIL if credit limit ≥ ₹4,500; [DERIVED: linked FD ≥ ₹5,000 at 90% ratio]). Card Renewal Fee: NIL.

Rewards & Cashback Structure

Base earning rates, partner merchant acceleration, redemption options, and exclusions

Reward Program Name: Kredit.Pe Rewards
Reward Currency: Kredit.Pe Cashback
Base Earn Rate: 3% on stores, 3% online, 3% UPI (5% on UPI > ₹10,000/mo)
Redemption Method: Automatic statement credit or checkout discount

Category Accelerated Earn RatesPublished Terms

Spend Category	Earn Rate	Reward Cap	Conditions
Card Activation Joining Bonus	₹200 cashback joining bonus	200 INR (₹) / per transaction	One-time benefit credited upon card activation.
Store / Offline Retail POS Spends	3% cashback	No Cap	Rentals, Cash withdrawals, Financial institutions, Wallet top-ups, Education, Agriculture, Contractors, Transportation, Utilities, Govt institutions.
Online Spends	3% cashback	No Cap	Rentals, Cash withdrawals, Financial institutions, Wallet top-ups, Education, Agriculture, Contractors, Transportation, Utilities, Govt institutions.
Kredit.Pe UPI Spends (Base Tier)	3% cashback	No Cap	Rentals, Cash withdrawals, Financial institutions, Wallet top-ups, Education, Agriculture, Contractors, Transportation, Utilities, Govt institutions.
Kredit.Pe UPI Spends (Milestone Tier)	5% cashback	500 INR (₹)/mo	Rentals, Cash withdrawals, Financial institutions, Wallet top-ups, Education, Agriculture, Contractors, Transportation, Utilities, Govt institutions.

Explore top credit cards and rewards across top verified merchant brands.Browse Merchant Hubs

Estimate Your Custom Monthly Rewards

Calculate estimated net cashback and points across your actual spending pattern.

Open Rewards Calculator

Reward Exclusions: Fuel transactions, wallet loading, cash withdrawals, rent payments, educational payments, and government services are generally excluded from base and accelerated reward point accrual across all Indian card issuers.

Reward Calculator

Estimate Your Annual Rewards

Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.

Verified Rates & Caps

Quick Select:

Total Monthly Spend:₹30,000 / month

₹5,000 / mo₹1 lakh / mo₹2 lakh / mo

Category Spend Allocation

Customize monthly spend in each category. Category amounts sum directly to your monthly spend.

Assumed spend distribution

Card Activation Joining Bonus0.00%

Cap: ₹200/per_transaction

₹

Store / Offline Retail POS Spends3.00%

No published cap

₹

Online Spends3.00%

No published cap

₹

Kredit.Pe UPI Spends (Base Tier)3.00%

No published cap

₹

Kredit.Pe UPI Spends (Milestone Tier)5.00%

Cap: ₹500/monthly

₹

Excluded / Non-Reward Spends0%

Fuel, rent, wallet, govt, cash

₹

Category / Reward Bucket	Monthly Spend	Rate	Effective Rate	Cap Period	Eligible Reward	Cap Status
Card Activation Joining Bonus	₹3,000	₹200 cashback joining bonus	—	₹200/per_transaction	Calculating...	Under cap
Store / Offline Retail POS Spends	₹18,000	3% cashback	—	None	Calculating...	Under cap
Online Spends	₹3,000	3% cashback	—	None	Calculating...	Under cap
Kredit.Pe UPI Spends (Base Tier)	₹3,000	3% cashback	—	None	Calculating...	Under cap
Kredit.Pe UPI Spends (Milestone Tier)	₹3,000	5% cashback	—	₹500/monthly	Calculating...	Under cap
Total Monthly Cashback	₹30,000	-	—	-	₹0 / mo	Zero cap loss

Annual Spends

₹3.6 lakh

12 billing cycles

Annual Capped Rewards

₹0

0% blended return

Effective Fee

-₹199

Standard renewal

Net Annual Value

+₹0 / yr

Rewards - Fee

*Calculation based on verified card reward rates, applicable monthly caps, and fee-waiver thresholds - ₹199 annual fee.

Multi-card comparator

Airport Lounge Access

Domestic and international lounge privileges, spend hurdles, and participating terminals

No Airport Lounge Access Included

This card is tailored primarily for shopping rewards, cashback, or specific co-branded spend and does not include complimentary airport lounge visits.

Fees & Charges

Complete breakdown of joining, renewal, forex, financing APR, and transaction charges

1. Card Membership Fees

Joining Fee (1st Year): Free
Annual / Renewal Fee (2nd Year Onwards): ₹199
Annual Spend Fee Waiver: Lifetime Free — no renewal fee
Fee Terms Notes: Joining fee: ₹0. Annual Maintenance Fee (AMC): ₹199 + GST applicable where credit limit is below ₹4,500 (NIL if credit limit ≥ ₹4,500; [DERIVED: linked FD ≥ ₹5,000 at 90% credit limit ratio]). Card Renewal Fee: NIL.

2. International Spends

Foreign Currency Markup (Forex): 3.50% + GST
Dynamic Currency Conversion (DCC): Standard 1% mark-up on cross-currency INR transactions where applicable

3. Borrowing & Financing

Monthly Interest Rate (Finance Charges): 3.50% per month
Annualized Interest Rate (APR): 42.00% p.a.
Cash Advance / ATM Withdrawal Fee: ₹100
Interest-Free Period: Up to 50 Days

4. Other Charges & Taxes

Late Payment Charges: 5% of outstanding (Min ₹50, Max ₹1,000)

Regulatory Tax Notice: Goods and Services Tax (GST) of 18% is applicable on all card fees, interest charges, and milestone fees as mandated by the Government of India.

Verified Terms & Exclusions Summary

• Joining Fee: ₹0 • Annual Maintenance Fee (AMC): ₹199 + GST applicable where credit limit is below ₹4,500 (NIL if credit limit ≥ ₹4,500; [DERIVED: linked FD ≥ ₹5,000]) • Card Renewal Fee: NIL • Activation Bonus: ₹200 cashback joining bonus upon card activation • Store Spends: 3% cashback on plastic card payments at offline retail stores • Online Spends: 3% cashback on eligible e-commerce transactions • UPI Cashback (Base): 3% cashback exclusively on Kredit.Pe UPI up to ₹10,000/month • UPI Cashback (Milestone): 5% cashback on Kredit.Pe UPI spends over ₹10,000/month (milestone cashback capped at ₹500/month) • Cashback Credit Timing: Instant credit for UPI spends; within 24 hours for non-UPI spends • Exclusions: Rentals, Cash withdrawals, Financial institutions, Wallet top-ups, Education, Agriculture, Contractors, Transportation, Utilities, Government institutions • Cashback Expiry: 1 year from the end of the quarter in which it was earned • Minimum Fixed Deposit: ₹2,000 (credit limit 90% of FD) • Cash Advance Limit: Up to 50% of credit limit • Finance Charges: 3.50% per month (42% per annum) • Forex Markup: 3.50% + GST • Card Replacement Fee: ₹299 + GST • Early Cancellation Fee: ₹499 + GST if closed within first 6 months • Late Payment Fee: 5% of outstanding (Min ₹50, Max ₹1,000)

Is the Annual Fee Worth It?

Evaluate whether this card's perks and waiver threshold justify its ₹199 renewal fee.

Calculate Fee ROI

Eligibility & Application Requirements

Income criteria, minimum age, CIBIL score benchmark, and verification checklist

Age Requirement: 18+ years
Employment Status: All (Salaried, Self-employed, Students, Homemakers)
Recommended Credit Score (CIBIL): Not specified
Residency: Resident Indian
Special Eligibility Notes: No credit history or proof of income required. Eligibility based on successful KYC and placement of fixed deposit with SBM Bank India.

Mandatory Verification Documents

1. Identity ProofPAN Card (Mandatory), Aadhaar Card, Passport, or Voter ID.

2. Address ProofAadhaar (DigiLocker), Utility Bill (Electricity/Piped Gas), or Rental Agreement.

3. Income ProofLatest 3 months salary slips, Form 16, or latest 2 years ITR computation.

Frequently Asked Questions

Common questions regarding SBM Kredit.Pe Credit Card application, fees, reward redemption, and eligibility

What is the joining and annual renewal fee for SBM Kredit.Pe Credit Card?

The joining fee for SBM Kredit.Pe Credit Card is Free (one-time), and the annual renewal fee is ₹199 from the second year onwards. GST of 18% is applicable on all fee charges.

Can the annual fee on SBM Kredit.Pe Credit Card be waived?

SBM Kredit.Pe Credit Card is a Lifetime Free credit card with no annual renewal fee, so no spend-based waiver is required.

What are the primary rewards and cashback earn rates on SBM Kredit.Pe Credit Card?

SBM Kredit.Pe Credit Card offers 3% on stores, 3% online, 3% UPI (5% on UPI > ₹10,000/mo). Cardholders also enjoy accelerated reward rates on partner merchants and selected digital spend categories.

Does SBM Kredit.Pe Credit Card offer complimentary airport lounge access?

No, SBM Kredit.Pe Credit Card is designed for daily retail, cashback, or UPI spend and does not currently include complimentary airport lounge visits.

What is the minimum eligibility criteria and CIBIL score required for SBM Kredit.Pe Credit Card?

Key eligibility criteria for SBM Kredit.Pe Credit Card include minimum age of 18 years, employment as All (Salaried, Self-employed, Students, Homemakers), residency status of Resident Indian. Approvals remain subject to card issuer verification and underwriting policies.

How do I apply for SBM Kredit.Pe Credit Card online?

You can apply directly through the official SBM Bank India portal by clicking the Apply button on this page. Complete the paperless digital application, submit your Aadhaar and PAN details, and complete video KYC for quick dispatch.