M16S / SBM Bank India / SBM OneCard Credit Card
entry · cobrand, lifetime-free, rewards
SBM OneCard Credit Card
The SBM OneCard Credit Card charges no annual fee and no joining fee. It earns 1 point per Rs 50 on regular purchases; fractional points credited. The forex markup is 1%. 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
- —
- Forex markup
- 1%
- Interest
- 3.75%a month
Apply on sbm.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Nil joining and annual fee (KFS effective 29 Jun 2026). |
Rewards
| Reward currency | Reward Points |
|---|---|
| Base earn | 1 point per Rs 50 on regular purchases; fractional points credited |
| Accelerated earn | 5X points on the top 2 spend categories each month, provided purchases are made in at least 3 categories; bonus posts on the 10th of the following month |
| Spends that earn nothing | Only 'regular purchases' earn; cash and fees do not. No MCC list in the reward document. |
| Reward notes | No redemption fee. Points pay off past transactions (less than two months old) in the OneCard app. Rupee value per point is not stated in the SBM documents read, so base return is not computed. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 1% |
| Fuel surcharge waiverunverified | 1% fuel surcharge waiver linked to cumulative monthly spends of Rs 10,000 or more (KFS table layout ambiguous) |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Outstanding Rs 0-250: nil; Rs 251-1,000: Rs 250; Rs 1,001-5,000: Rs 500; Rs 5,001-25,000: Rs 1,000; above Rs 25,000: Rs 1,250 |
| Cash advance fee | Not specified in KFS; interest from day one on cash withdrawals |
| Eligibility | Applied for and managed in the OneCard app; limit shown in the app. An FD-backed route exists. |
| Fine-print notes | Rent payments carry a 1% fee capped at Rs 400 a month. Over-limit fee nil. OneCard is issued through several partner banks; this entry covers the SBM-issued card only. 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 OneCard Credit Card?
- No annual fee.
- Does the SBM OneCard Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the SBM OneCard Credit Card?
- 1% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the SBM OneCard Credit Card?
- Only 'regular purchases' earn; cash and fees do not. No MCC list in the reward document.