If you’re someone struggling to get a credit card because of no credit history or a low CIBIL score, SBM FD Credit Card could be your perfect solution. Issued jointly by SBM Bank and OneCard this is a secured credit card that works against a fixed deposit.
Let’s explore everything about it from how to apply, benefits, usage, charges, and whether it’s truly lifetime free.
SBM FD Credit Card
🔹 1. What is SBM FD Credit Card?
SBM FD Credit Card is a secured credit card offered by SBM Bank (State Bank of Mauritius) in partnership with OneCard.
The best part? You don’t need any CIBIL score or income proof to apply.
Instead, you just create a Fixed Deposit (FD) with SBM Bank, and you get a credit card with a limit based on your FD amount.
✅ Suitable for:
Beginners with no credit history
Students (18+)
Self-employed individuals
Anyone looking to build or rebuild their CIBIL score
🔹 2. Key Features of SBM FD Credit Card
Feature Details
Type Secured Credit Card
Partner SBM Bank + OneCard
FD Required Minimum ₹5,000 FD
Credit Limit 90%-100% of FD amount
Annual Fee ₹0 (Lifetime Free)
Card Type Virtual + Physical (Metal Card)
Approval Time Instantly after FD confirmation
SBM FD Credit Card
🔹 3. How to Apply for SBM FD Credit Card?
👉 Step-by-Step Process:
Step 1: Click HERE to Apply – or go to SBM Bank’s FD credit card portal.
Step 2: Complete KYC using Aadhaar, PAN, and mobile OTP.
Step 3: Create a digital FD (minimum ₹5,000
Step 4: Once your FD is active, your virtual credit card is issued instantly.
Step 5: The physical metal card is shipped within a few days.
⚡ It’s a completely paperless, digital process and takes just a few minutes!
🔹 4. How Does SBM FD Credit Card Work?
Once issued, the card works just like any other credit card:
You get a credit limit based on your FD.
You can shop online/offline, pay bills, use EMI, etc.
Interest-free period (up to 45 days) if paid on time.
If you delay, interest and penalty apply.
💡 Use it wisely and you’ll start building a good credit score!
SBM FD Credit Card
🔹 5. Is SBM FD Credit Card Lifetime Free?
Yes, absolutely! ✅
SBM FD Credit Card is 100% lifetime free with:
❌ No joining fee
❌ No annual fee
❌ No hidden charges
However, you must make timely payments. Delay will lead to:
Interest charges (36% p.a.)
Late payment penalty
Negative impact on credit score
🔹 6. Where Can You Use This Card?
You can use SBM FD Credit Card like any normal card:
✅ Online Shopping – Amazon, Flipkart, Myntra
✅ Recharge, Bill Payments – Paytm, Google Pay
✅ Link with UPI apps – OneCard supports UPI payments
✅ Book tickets, pay at POS terminals
✅ EMI conversion – Buy mobiles, gadgets easily on EMI
🔹 7. Does It Improve CIBIL Score?
Definitely, Yes!
Since SBM FD Credit Card is reported to credit bureaus like CIBIL, Equifax etc.:
Timely repayments build your score
Great for beginners & rebuilders
After 6-12 months, you become eligible for unsecured credit cards or loans
🔹 8. Pros & Cons
✅ Pros:
No income proof or CIBIL needed
Lifetime free – No charges
Instant approval via FD
Metal card with premium design
UPI support via OneCard
CIBIL score gets built
❌ Cons:
FD is compulsory (min ₹5,000)
Late payments can incur penalties
Credit limit tied to FD amount
🔹 9. Who Should Apply for SBM FD Credit Card?
Students (above 18)
First-time credit users
Freelancers/self-employed
Low or no CIBIL score holders
Anyone looking to build credit profile smartly
SBM FD Credit Card – Returns and Withdrawal Rules
The SBM FD Credit Card is issued against a Fixed Deposit (FD) with SBM Bank India. It is a secured credit card that does not require a credit score, making it ideal for those looking to build or rebuild credit. SBM FD Credit Card
✅ Returns on FD:
The FD linked to this credit card typically earns interest between 6% to 7.5% per annum, depending on the tenure and current bank rates.
Interest is credited either monthly or at maturity, based on the option chosen.
⏳ When Can You Withdraw Your FD?
Normally, the FD is locked-in for at least 1 year (minimum tenure).
You cannot break or withdraw the FD until the lock-in period ends, unless you choose to close the credit card linked to it.
If you close the credit card and break the FD early, a penalty may apply (as per bank terms
Final Thoughts: Should You Get SBM FD Credit Card?
If you’re looking for a zero-risk, beginner-friendly, lifetime free credit card that helps you build your credit score, then the SBM FD Credit Card is a fantastic option.
It offers the trust of a bank, the digital ease of OneCard, and the flexibility of modern spending all without any annual fees!
