M16S / SBM Bank India / SBM Kredit.Pe Credit Card
entry · cobrand, secured, upi, rewards
SBM Kredit.Pe Credit Card
The SBM Kredit.Pe Credit Card costs Rs 199 a year. It earns 3% on POS, online and UPI via the Kredit.Pe app. The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 199+ GST
- Fee waived at
- —
- Base return
- —
- Forex markup
- 3.5%
- Interest
- 3.5%a month
Apply on sbm.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Rs 199 |
| Fee notes | No joining fee. Annual fee Rs 199 + GST applies to credit limits under Rs 4,500. Replacement Rs 299 + GST; cancellation Rs 499 + GST in the first six months. |
Rewards
| Reward currency | Cashback (usable as brand discounts) |
|---|---|
| Base earn | 3% on POS, online and UPI via the Kredit.Pe app |
| Point value | Not stated; redeemable only as 5% or 10% extra discounts on selected brand vouchers |
| Caps | None stated |
| Spends that earn nothing | UPI through any other app; rent, cash and quasi-cash, wire transfers, wallet loads, education, insurance, government/tax, gambling, agriculture, utilities, contractor services, tolls and transport, securities |
| Reward notes | The 3% is not cash: it can only be burned as partial discounts on vouchers in the Kredit.Pe app, so a cash-equivalent return is not computed. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
Charges and eligibility
| Interest per month | 3.5% |
|---|---|
| Late payment fee | 5% of outstanding, min Rs 50, max Rs 1,000 |
| Cash advance fee | 2.5% of amount withdrawn or Rs 100, whichever is higher; cash limit 50% of credit limit |
| Eligibility | Fixed deposit with SBM through the Kredit.Pe app; credit limit 90% of the FD |
| Fine-print notes | Network not printed in the KFS; RuPay inferred from the card-on-UPI feature. Rent and education payments carry a 1% fee. 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 SBM Kredit.Pe Credit Card?
- Rs 199 a year, before GST.
- Does the SBM Kredit.Pe Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the SBM Kredit.Pe Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the SBM Kredit.Pe Credit Card?
- UPI through any other app; rent, cash and quasi-cash, wire transfers, wallet loads, education, insurance, government/tax, gambling, agriculture, utilities, contractor services, tolls and transport, securities