M16S / SBM Bank India / Niyo SBM Global Credit Card
entry · cobrand, secured, travel
Niyo SBM Global Credit Card
The Niyo SBM Global Credit Card charges no annual fee and no joining fee. Its base return is 0% (No coins on POS, tap-and-pay or ATM transactions). The forex markup is 0%. It lists no airport lounge access. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0%
- Forex markup
- 0%
- Interest
- 3%a month
Apply on sbm.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Rs 500 joining and Rs 500 annual fee, both shown as waived in the KFS. |
Rewards
| Reward currency | Niyo Coins |
|---|---|
| Base earn | No coins on POS, tap-and-pay or ATM transactions |
| Base return | 0% |
| Point value | 1 Niyo Coin = Rs 0.10 |
| Accelerated earn | 20% coins (2% value) on domestic e-commerce; 10% coins (1% value) on international e-commerce; 30% coins (3% value) on travel bookings in the Niyo app. Minimum transaction Rs 100. |
| Caps | 5,00,000 Niyo Coins per year |
| Spends that earn nothing | POS, tap-and-pay, ATM/cash, wallet loads, rent, fuel dealers, utilities and telecom, insurance, railways, education, legal/accounting, government and tax, gambling, securities, gift shops, agriculture |
| Points expiry | 12 months from issue |
| Reward notes | base_return_pct is 0 because in-store card swipes earn nothing; online spends earn 1-3% in coins. Coins are used toward Niyo products and offers; no cash-out rate beyond the Rs 0.10 value is stated. Rewards T&C dated 26 Feb 2026. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 0% |
Charges and eligibility
| Interest per month | 3% |
|---|---|
| Late payment fee | Flat Rs 150 once the account is more than 3 days past due |
| Cash advance fee | Rs 423 + GST or 2.5% of the amount, whichever is higher (domestic and international ATM) |
| Eligibility | Fixed deposit of at least Rs 5,000 with SBM via the Niyo app; total FD amount becomes the credit limit |
| Fine-print notes | Zero forex markup at Visa exchange rates, but overseas in-store swipes earn no coins. Over-limit fee Rs 150. FD advertised at up to 7% p.a. with conditions. Lounge benefits are not mentioned in the SBM documents read. SBM charges a 1% + taxes processing fee on rent (MCC 6513) and education payments on its secured cards for transactions on or after 15 Jul 2026. Still listed on SBM's secured-card page and in its co-brand revenue-sharing declaration; whether the partner app is onboarding new SBM-issued customers today was not confirmed. |
Questions
- What is the annual fee of the Niyo SBM Global Credit Card?
- No annual fee.
- Does the Niyo SBM Global Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Niyo SBM Global Credit Card?
- 0% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Niyo SBM Global Credit Card?
- POS, tap-and-pay, ATM/cash, wallet loads, rent, fuel dealers, utilities and telecom, insurance, railways, education, legal/accounting, government and tax, gambling, securities, gift shops, agriculture