M16S / SBM Bank India / SBM MobiKwik First Credit Card
entry · cobrand, secured, cashback, upi, lifetime-free
SBM MobiKwik First Credit Card
The SBM MobiKwik First Credit Card charges no annual fee and no joining fee. Its base return is 1% (1% cashback on online and offline POS card spends). Accelerated earn: 1% on UPI via the MobiKwik app only for transactions of Rs 2,000 or more; nil on UPI through other apps. The forex markup is 3%. 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
- 1%
- Forex markup
- 3%
- Interest
- 3.5%a month
Apply on sbm.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Nil membership and annual maintenance fee. Physical card Rs 200; replacement Rs 200; cancellation Rs 200 if closed within six months of activation. |
Rewards
| Reward currency | Cashback |
|---|---|
| Base earn | 1% cashback on online and offline POS card spends |
| Base return | 1% |
| Point value | Cashback credited to MobiKwik Wallet, withdrawable to bank |
| Accelerated earn | 1% on UPI via the MobiKwik app only for transactions of Rs 2,000 or more; nil on UPI through other apps |
| Caps | None stated |
| Spends that earn nothing | MCCs 7273, 7995 (gambling), 9399 and 9311 (government, tax), 5406, 6012 (financial institutions), 6513 (rent); EMI conversions; refunded transactions |
| Points expiry | Forfeited if the wallet is not opened within 30 days of bill generation |
| Reward notes | Cashback programme effective 1 Feb 2026, replacing the SuperCash programme (10% SuperCash usable only at 10% per gift-card purchase). base_return_pct = 1% cashback on card spends. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3% |
Charges and eligibility
| Interest per month | 3.5% |
|---|---|
| Late payment fee | 2.5% of outstanding or Rs 200, whichever is higher |
| Cash advance fee | 2.5% of amount withdrawn or Rs 250, whichever is higher |
| Eligibility | Fixed deposit with SBM through the MobiKwik app; card limit up to 90% of the FD |
| Fine-print notes | Network not printed in the KFS; RuPay inferred from the UPI feature. A general 1% surcharge fee is listed with no fuel waiver. 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 SBM MobiKwik First Credit Card?
- No annual fee.
- Does the SBM MobiKwik First Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the SBM MobiKwik First Credit Card?
- 3% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the SBM MobiKwik First Credit Card?
- MCCs 7273, 7995 (gambling), 9399 and 9311 (government, tax), 5406, 6012 (financial institutions), 6513 (rent); EMI conversions; refunded transactions