SBI Dena Bank Secured Card
CancelA ₹10,000 fixed deposit at Dena Bank, and SBI issued you a Visa with nothing to join.
no published earn rate to price
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Welcome: ₹100 off at The LOOT, ₹100 cash back on the first ATM withdrawal within 30 days, and ₹200 off at HomeShop18 above ₹1,000
Not valued. We can't value this card until the issuer publishes a fee schedule AND an earn table — we have neither number, so there is nothing to net off against nothing. Everything we can source — the fee, the charges, the migration that put this card in your hand — is above and stands on its own; this card is simply not on the board, not in the calculator, and cannot win a best-of call until SBI Card publishes terms we can cite.
Why we decline to value some cards, and what it takes to change that →
3 notes on the card itself: how it is issued · the network variants · why it ranks #1038
Why #1038 A fixed deposit at Dena Bank for as little as ₹10,000 bought an SBI-issued Visa with nothing to join. Carried, not valued: SBI priced the renewal as a ceiling and never printed an accrual rate.
The take
Dena Bank never issued its own credit card at scale — its DENACARD was a small Visa programme — so when it wanted a card for depositors it borrowed SBI's. The result was one of the most accessible secured cards of its generation: a fixed deposit with Dena Bank "for as low as Rs.10,000", no income proof, nothing to pay on joining, and an SBI Visa that worked everywhere SBI's own cards did. The interest rate was the giveaway that this was a collateralised product — 1.99% a month where SBI's unsecured Gold Card of the same year charged 3.35% — and the cash limit ran to 80% of the credit line. What the page never printed is what it earned. There is a redemption fee in the fee table, so a rewards programme plainly existed; there is no accrual clause anywhere in the body, so we will not tell you a rate. The renewal is written as "Upto Rs. 250", a ceiling rather than a price, and we do not read prices off ceilings. Dena Bank was merged into Bank of Baroda in April 2019 and the card went with it; BOBCARD's fixed-deposit range — Easy FD, Select FD, Premier FD — is where a Dena depositor's successor lives, and all three are on this board.
Your renewal — keep, downgrade or cancel
There is no renewal arithmetic to run on this card yet — and a break-even we cannot source is not one we will print.
the whole desk — what changed, the downgrade, and what we cannot price →
Keep, downgrade or cancel
what we can and cannot price
Not valued. We can't value this card until the issuer publishes a fee schedule AND an earn table — we have neither number, so there is nothing to net off against nothing. A break-even is the spend at which value crosses a fee, and we are short one side of that sentence — so this desk prints no ladder, no crossing and no ₹0 standing in for either. What we can source about this card is under Sources.
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
SBI Card publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and we cannot price either side of it.
What has changed under this card
- 3 Aug 2026 SBI drops Etihad Guest from the MILES transfer table — the last SBI door into the programme issuer-wide
- 31 Mar 2026 SBI kills both Etihad Guest co-brands and force-swaps holders into MILES issuer-wide
- 10 Jan 2026 SBI Card splits domestic lounges into tiers, adds entry fees issuer-wide
We price what is in force today — a change that has not happened yet is not in these numbers. the full archive for this card →
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- Issued against a fixed deposit with Dena Bank from as little as ₹10,000 — no income proof
- Nothing to pay on joining: SBI's own fee table prints the joining fee as NIL
- Extended credit at 1.99% a month, against 3.35% on SBI's unsecured Gold Card of the same year
- Cash advances to 80% of the credit limit, at the same 1.99%
Watch out
- Withdrawn — absent from SBI's 67-record live product catalogue, and Dena Bank itself was merged into Bank of Baroda in April 2019
- SBI priced the renewal as 'Upto Rs. 250' — a ceiling, not a charge — so we decline to print a fee
- No accrual rate was ever published: the page carries a rewards REDEMPTION fee and no earning clause
- 3.5% foreign-currency markup
- No lounge access of any kind; the page carries no lounge clause
- No spend-based fee reversal, where SBI's sibling pages of the same vintage carry one
What these points actually fly
SBI Card has not published what this card earns, so there are no points here to fly with — not zero points, and not points that go nowhere: nothing stated either way. The moment a benefit sheet exists we will price whatever it names.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Closed to new applications — existing cardholders keep the card; there is no way in.
You cannot. Dena Bank ceased to exist on 1 April 2019 when it was amalgamated into Bank of Baroda, and SBI Card's live catalogue has no record of the product. BOBCARD Easy FD, Select FD and Premier FD are the fixed-deposit-backed successors, and all three are on this board.
SBI Card publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
What's changed for this card
8 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 3 Aug 2026SBI drops Etihad Guest from the MILES transfer table — the last SBI door into the programmeSBI Card Travel Credits transferred 1:1 into Etihad Guest, one of eighteen airline partners in §3 of the MILES rewards T&C. At the ₹1/partner-mile anchor that was a full-value exit, and it was the only route left after the two Etihad Guest SBI co-brands were retired. → No Etihad route at all. The MILES rewards T&C now lists seventeen airline partners and Etihad is not one of them — the word does not appear anywhere in the seven-page document. Every other SBI partner survives at the same ratio.
SBI Card's own MILES rewards T&C, re-fetched on 22 August 2026 and carrying a 3 August 2026 ModDate inside the PDF, has one fewer airline in it than the edition this desk read on 2 August. The deletion is provable from the numbering rather than from absence alone: the table's first seven rows are unchanged (Air Canada 3, Air France-KLM 4, Air India 5, British Airways 6, Cathay 7), and every row from position eight onward has moved up exactly one — Thai from 14 to 13, Qantas from 17 to 16. Position eight was Etihad Airways / Etihad Guest / 1:1. All twenty-four other partners we carry, airline and hotel, are still there at the same ratios, so this is Etihad being dropped and not SBI narrowing transfers. The timing matters more than the ratio. SBI phased out the Etihad Guest SBI and Etihad Guest SBI Premier cards from December 2025 and reissued holders onto MILES products, and the transfer route was what made that migration survivable — a Premier holder who had spent six years earning Etihad miles could keep feeding the same account through Travel Credits. That is now closed, and India's remaining pipes into Etihad Guest run through BOBCARD's Etihad co-brands, not through SBI. If you hold SBI Travel Credits earmarked for an Abu Dhabi business seat, they are Aeroplan, Flying Blue, Avios or Maharaja points now. ON THE DATE: SBI publishes no notice and no cut-off. The date here is the day the desk read the change out of SBI's own document; the PDF's internal ModDate puts the edition at 3 August 2026, which is the earliest day we can prove, not an announcement.
- 1 Jul 2026PhonePe SBI SELECT BLACK stops paying on UPI outside PhonePe
- 1 Jul 2026PhonePe SBI PURPLE stops paying on UPI outside PhonePe
- 31 Mar 2026SBI kills both Etihad Guest co-brands and force-swaps holders into MILES
- 9 Mar 2026Paytm SBI Card stops earning on school and education spends
- 9 Mar 2026Paytm SBI Card SELECT stops earning on school and education spends
- 10 Jan 2026SBI Card splits domestic lounges into tiers, adds entry fees
- 1 Dec 2025SBI discontinues the OLA Money card and moves holders onto a house card
Every SBI Card change we've dated → 19 events since 1998, 13 of them nerfs — worst year 2025.
Verified against SBI Card's own documents on
Not published , and we will not invent it: the annual fee · the earn rate and the currency it earns.