M16S / Suryoday Small Finance Bank / Suryoday SFB RuPay Platinum Credit Card
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Suryoday SFB RuPay Platinum Credit Card
The Suryoday SFB RuPay Platinum Credit Card charges no annual fee and no joining fee. Its base return is 0.5% (0.5% cashback (w.e.f. 1 Aug)). The forex markup is 2.5%. Lounge visits in India: Flight discounts and lounge access advertised; count not stated. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.5%
- Forex markup
- 2.5%
- Interest
- 2.95%a month
Apply on suryoday.bank.inOpens the bank’s own page.
Fees
| Joining feeunverified | Free |
|---|---|
| Annual feeunverified | Free |
| Fee notes | KFS 'Platinum MBK' (the version for cards applied through the bank's mobile banking app, as far as could be inferred): joining, annual, physical card and replacement all nil. A second Platinum MITC shows joining Rs 150 and annual Rs 150 waived at 40% limit utilisation; which one applies depends on issue date and channel. |
Rewards
| Reward currency | Cashback |
|---|---|
| Base earn | 0.5% cashback (w.e.f. 1 Aug) |
| Base return | 0.5% |
| Point value | Cashback adjusted against next statement |
| Capsunverified | Rs 3,000 per billing cycle (press release, Sep 2025) |
| Spends that earn nothing | Not published; MITC says cashback applies at eligible merchant categories the bank may change |
| Reward notes | base_return_pct = 0.5% as stated on the bank page. No exclusion list published. |
Travel and perks
| Domestic loungeunverified | Flight discounts and lounge access advertised; count not stated |
|---|---|
| Lounge conditions | Only with the physical card |
| Forex markup | 2.5% |
| Fuel surcharge waiver | 1% surcharge waived on fuel spend up to Rs 40,000 per calendar month, no single txn above Rs 8,000 |
| Other freebies | Personal accident and permanent disability cover up to Rs 2 lakh; insurance and concierge; 100+ RuPay offers. No gym, spa, golf or health check-up (Select only). |
Charges and eligibility
| Interest per month | 2.95% |
|---|---|
| Late payment feeunverified | KFS (MBK): 2.5% of outstanding or Rs 250, whichever is higher. MITC: 1% of amount payable or Rs 250, whichever is lower. The two documents conflict. |
| Cash advance fee | 2.5%, min Rs 500; capped at 20% of credit limit |
| Eligibility | Age above 18 and below 80; resident individual; existing eligible FD with Suryoday SFB. No income proof. Press release: FD from Rs 1,000; Platinum applies below the Select threshold of about Rs 1.15 lakh. Apply in the Suryoday mobile banking app. |
| Fine-print notes | FD-backed: needs an un-liened, non-corporate, non-tax-saver FD with Suryoday; FD is lien-marked and may be liquidated if the account is overdue more than 60 days. Program manager is 42 Card Solutions Pvt Ltd. Minimum amount due 10%. Rent (MCC 6513) surcharge 1%, rent capped at 40% of limit per month. EMI at 18% a year, processing fee 3% or Rs 300. Limit as a percentage of FD is not published in the KFS or MITC. The bank keeps separate KFS/MITC sets for cards issued until 25 May 2026 and from 26 May 2026; the links on the product pages could not be resolved, so the documents were found by search and their mapping to issue date is inferred. |
Questions
- What is the annual fee of the Suryoday SFB RuPay Platinum Credit Card?
- No annual fee.
- Does the Suryoday SFB RuPay Platinum Credit Card give airport lounge access?
- Yes. In India: Flight discounts and lounge access advertised; count not stated. Outside India: none listed. Conditions: Only with the physical card
- What is the forex markup on the Suryoday SFB RuPay Platinum Credit Card?
- 2.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Suryoday SFB RuPay Platinum Credit Card?
- Not published; MITC says cashback applies at eligible merchant categories the bank may change