Get an assured Credit Card from SBM Bank by simply opening a Fixed Deposit with the bank. Enjoy all the perks that come with a Credit Card and avail of a credit limit equal to the Fixed Deposit value. Entrepreneurs or self-employed professionals can get our Secured Credit Card for their daily use. What’s more, the FD opened continues to earn interest at the higher rates offered by the bank.
No longer do you have to fill out lengthy credit card application forms, and then wait eagerly for approval. Many entrepreneurs and self-employed professionals will know all too well the pain of getting rejected post making an application due to the absence of a predictable income. With the SBM Bank India’s range of Secured Credit Cards, you can now rest easy knowing that the card is always within you reach. What’s more, as you start using your Secured Credit Card and paying its bills on time, your credit score starts to improve.
SBM Bank offers the following diverse range of Co-Branded Credit Cards:
Unlock the benefits of an FD-backed credit card—enjoy great rewards on your card and competitive interest on your deposit. Spend smart, earn more, while effortlessly building your credit. Exciting rewards coming soon!
An FD-backed RuPay credit card that offers a smart way to build your credit score while enjoying seamless payments via UPI. Earn up to 7% p.a.* interest on your fixed deposit and grow your wealth effortlessly!
An FD-backed credit card at competitive interest rates, SBM Kredit.Pe Card commits to delivering exciting engagement rewards along with cash back offers.
Choose a credit card, that chooses You! The SBM Credilio Credit Card is an FD-Backed Card that never says No! The perfect card for Digital India. With 1% unlimited cashback on all transactions, exciting Interest rates on the FD and exhilarating welcome offers from leading brands. With this card in your pocket, you can take on the world.
A FD backed credit card that helps build credit score while earning unlimited magnet coins as rewards. Earn FD interest up to 7% p.a.* on your fixed deposit.
Discover the future with our Digital FD-Backed Card. Experience the convenience of seamless online application with SBM Rupicard Credit Card. Enjoy exciting rewards on your spends while your Fixed Deposit earns up to 7% p.a.*
A unique opportunity to own an assured swanky app-based credit card and improve your credit score by just using the card!
SBM Gild Credit card is India’s first premium FD-backed credit card. Gild is powered by VISA and using the Gild App you can manage your FD account & SBM Gild Credit Card
Avail a credit facility that helps you improve your credit score, and also enjoy access to Accounts and Deposits that offer a premium bank experience along with lucrative returns.
A credit card is a financial tool that allows customers to access funds, make purchases online or at store, and repay the amount conveniently at a later stage. It is a type of credit facility offered by banks.
A credit card usually allows customers to borrow funds within a pre-approved credit limit that is determined by the Bank based on factors such as income, credit score etc.
A Secured Credit Card is issued against your Fixed Deposit with the Bank. The FD serves as the security deposit and also helps you earn interest on the FD amount.
You will have to book an FD for a tenure of 390 days to avail the Secured Credit Card. Your FD will only function as collateral, and you will continue earning assured returns on your deposit. Your Credit Card limit will depend on the FD amount.
The Secured Credit Card works like any other regular Credit Card, with the exception that the FD functions as a security collateral for the credit card. So, if all credit card dues are repaid in a timely manner, the principal and interest amount of the FD remain untouched.