M16S / SBM Bank India / SBM novio Credit Card
entry · cobrand, secured, rewards, upi, fuel
SBM novio Credit Card
The SBM novio Credit Card costs Rs 299 a year, waived if you spend Rs 50,000 in a year. It earns 5 RP per Rs 100 on UPI, POS and online (min transaction Rs 100), RuPay variant. Accelerated earn: Fuel via UPI: 10 RP per Rs 100 on Rs 400-4,000 transactions at MCC 5541/5542. The forex markup is 2.49%. It lists no airport lounge access. Read from the issuer's own documents on 31 Oct 2026.
- Annual fee
- Rs 299+ GST
- Fee waived at
- Rs 50,000annual spend
- Base return
- —
- Forex markup
- 2.49%
- Interest
- 3.5%a month
Apply on sbm.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Rs 299 |
| Annual spend that waives the fee | Rs 50,000 |
| Fee notes | No joining fee. Annual fee Rs 299 (virtual card) or Rs 499 (physical card) effective 23 Oct 2026, waived on Rs 50,000 spend in the preceding year. Replacement Rs 249; cancellation Rs 599 within two years of activation. |
Rewards
| Reward currency | Reward Points |
|---|---|
| Base earn | 5 RP per Rs 100 on UPI, POS and online (min transaction Rs 100), RuPay variant |
| Point value | Not stated; points buy discounted brand vouchers in the novio app and cannot be converted to cash |
| Accelerated earn | Fuel via UPI: 10 RP per Rs 100 on Rs 400-4,000 transactions at MCC 5541/5542 |
| Caps | Fuel UPI 400 RP a month; fuel POS 40 RP a month (1 RP per Rs 100); others unlimited |
| Spends that earn nothing | Cash and quasi-cash, wallet loads, rent and real estate, gambling, securities, fuel dealers (MCC 5172, 5983), utilities, insurance, railways, legal/accounting, education, gift shops, agriculture, tax and government, EMI, fees |
| Points expiry | No expiry at present (bank may introduce one with 30 days' notice) |
| Reward notes | No redemption fee. Rupee value per point is not published, so base return is not computed. Reward table read is for the RuPay variant. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 2.49% |
Charges and eligibility
| Interest per month | 3.5% |
|---|---|
| Late payment fee | Flat Rs 499 |
| Cash advance fee | 2.5% of amount withdrawn or Rs 299, whichever is higher; cash interest 2.99% per month |
| Eligibility | Fixed deposit with SBM through the novio (Credilio) app; credit limit 90% of the FD |
| Fine-print notes | Purchase interest raised to 3.5% per month from 6 Jan 2026. FD pre-closure fee 1%. Rent and education payments carry a 1% fee. Over-limit fee nil. 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 novio Credit Card?
- Rs 299 a year, before GST. It is waived if you spend Rs 50,000 in a year.
- Does the SBM novio Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the SBM novio Credit Card?
- 2.49% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the SBM novio Credit Card?
- Cash and quasi-cash, wallet loads, rent and real estate, gambling, securities, fuel dealers (MCC 5172, 5983), utilities, insurance, railways, legal/accounting, education, gift shops, agriculture, tax and government, EMI, fees