SBM Bank (India) credit cards: 7 you can apply for
The best one for most people is SBM MobiKwik First Credit Card.
₹9,000a year after fees, at ₹75,000 a month
It pays back the most of the 3 SBM Bank (India) cards open to apply that we can value.
Points and where they go
SBM Bank (India)'s cards pay cash back, not points: 3 cards credit rupees to your statement.
Recent changes
We have no dated change to any SBM Bank (India) card on record.
All 8 SBM Bank (India) cards
Fees run ₹0 to ₹499, and 4 of them are genuinely free for life; 1 charges nothing a year but a joining fee to get in. We cannot value 5 of them: SBM Bank (India) publishes no fee or no earn table for those cards, so they are listed as "Not valued". Each card shows what it pays back a year after its fee at ₹75,000 a month, and our verdict: 6 keep, 1 downgrade, 1 cancel.
Open to apply 7
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Paisabazaar Paisa Plus Credit Card
₹7,600 a year, after fees
₹0 joining + ₹499/yr · Reward rate 1%–1.5%
Ranked higher: its bonus category adds ₹1,400 a year
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SBM novio Credit Card
Not valued fee or rewards not published
₹0 joining + ₹499/yr · 2.49% forex markup
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Closed or paused 1 card
Standard charges
The charges SBM Bank (India) words the same way on most of its cards, from each card's most important terms and conditions. A card that differs prints its own figure on its own page.
| Charge | What the bank says | Our read | Cards |
|---|---|---|---|
| Add-on card fee | Not offered — the KFS prints N/A against the add-on card fee | 3 of 4 |
Cards counts the SBM Bank (India) cards whose terms print this exact wording, out of those whose terms print the charge at all.
SBM Bank (India) in RBI's figures
- Cards in force
- 7,67,785
- 0.6% of India's cards
- Spent in August 2026
- ₹52 crore
- 70% of it online
- Spend per card
- ₹676
- a month, on average
Source: the Reserve Bank of India's monthly card statistics, August 2026. Every bank's figures
Sources
The SBM Bank (India) documents that state its fees and charges, and RBI's release. Each card's page lists its own sources too.
- Official Key Fact Statement — ₹0 joining, ₹499 + GST annual maintenance fee waived at ₹50,000 of annual spend, 42% a year on revolving credit, ₹499 cancellation within six months read
- Official Key Fact Statement — ₹0 membership and ₹0 annual maintenance fee, 42% a year on revolving credit and cash, 3% forex, ₹200 physical-card fee, credit limit 90% of the FD read
- Official Key Fact Statement — ₹0 membership and Nil renewal fee, a ₹199 + GST annual maintenance fee only below a ₹4,500 credit limit, 42% a year, 3.5% forex, ₹499 six-month cancellation read
- Official Key Fact Statement — a joining fee tiered by deposit (₹500 / ₹250 / Nil), ₹0 annual fee, 3.5% forex, a fuel surcharge up to 2%, and a virtual card only on a ₹2,000 deposit read
- Official Key Fact Statement — Nil joining and Nil annual fee, 30% a year on purchases and 40% on cash, 2.49% forex markup, ₹299 late payment charge, ₹499 first-year cancellation read
- Official Key Fact Statement — Nil joining; since 23 Oct 2026 a ₹499 annual fee (₹299 virtual-only) waived at ₹50,000 of preceding-year spend, 2.49% forex, 42% a year, ₹599 cancellation within two years read
- Official Key Fact Statement — zero membership, maintenance and renewal fees, 42% a year, 2.49% forex; since 23 Oct 2026 the late fee is 5% of the outstanding and the ₹499 cancellation window is two years read
- Official Reserve Bank of India: ATM, Acceptance Infrastructure and Card Statistics for the Month of August 2026 read