RuPay 📡 Contactless NFC

KreditPe SBM Credit Card

Joining Fee₹199

Annual Fee₹199

Forex Markup 3.5%

Application ModeDirect via Bank Website

⚖️ Card Verdict & Target Persona

Who Should Apply

Online shoppers wanting 3% cashback on e-commerce, extra discounts on food/shopping brand vouchers, and RuPay UPI scan-and-pay support.

Who Should Avoid

Users seeking airport lounge visits or high general offline POS rewards.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

Welcome brand vouchers with extra 5%–15% discounts upon card activation via KreditPe app

Up to 3% Cashback on Online Spends

Earn up to 3% direct cashback on online e-commerce merchant payments made using the card.

Extra 5%–15% Discount on Brand Vouchers

Redeem cashback for 5% to 15% extra discounts when purchasing brand vouchers (Amazon Pay, Flipkart, Swiggy, Zomato).

Spend-Based Annual Fee Waiver

Annual renewal fee of ₹199 is waived off on spending ₹50,000 or more in the previous anniversary year.

💰 Reward Structure & Point Valuation

1 Direct Cashback = ₹1

Standard Base Earning

1% direct cashback on all other eligible retail and RuPay UPI transactions

Accelerated / Partner Rate

3% direct cashback on online e-commerce merchant card transactions; Extra 5% to 15% discount when redeeming cashback for brand gift vouchers (Amazon Pay, Flipkart, Swiggy, Zomato)

Points Validity:Never Expire

Redemption Fee: ₹0 (Free)

Redemption Modes: Direct Statement Cash Credit, Brand Gift Vouchers with 5%–15% Extra Discounts

🚫 No Reward Points / Cashback on:

Fuel Wallet Loads Government Transactions Rent Payments Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✗ No Free Lounge Access

🛫

Domestic Lounge VisitsNone

🌐

International Lounge VisitsNone

⚠️

Spend Criteria: None

⚡ Spend Milestones & Special Perks

Annual Fee Waiver ₹50,000/yr

Annual renewal fee of ₹199 + GST is waived off on spending ₹50,000 or more in the previous anniversary year

UPI Payments Support✓ Supported (RuPay)

1% cashback on eligible merchant RuPay UPI QR transactions

Fuel Surcharge Waiver1% Surcharge Waived

1% fuel surcharge waiver for transactions between ₹400 and ₹5,000 (Capped at ₹150/mo)

📋 Eligibility Criteria

✓ Official Criteria

Age Limit18 - 60 Years

Min. Monthly IncomeN/A

Min. Credit Score720 CRIF

Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):3.50% per month (42.0% per annum)

Late Payment Penalties:Late payment charges slab-based up to ₹1,200

Official Bank Portal Application

Get the KreditPe SBM Credit Card

Annual Fee: ₹199/yr (Waivable)

Personalized Card Matcher

Still Confused About Your Best Match?

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Frequently Asked Questions

No, KreditPe SBM Credit Card has a joining fee of ₹199 and an annual renewal fee of ₹199 (plus applicable taxes).