Novio SBM Fixed Deposit Credit Card – Get 90% Credit Limit

Obtaining a credit card can be a challenge for many people. Many banks reject applications because of a low CIBIL score, no salary slip, or no credit history.
But now, you can get a Fixed Deposit Credit Card easily by creating a small FD starting from just ₹2,000. This card is ideal for students, freelancers, self-employed users, first-time borrowers, and people with low CIBIL scores.

You can use this card directly through PhonePe UPI, just like a normal UPI payment app.

This fixed deposit credit card is offered by Novio in partnership with SBM Bank, making it a safe and good option for building your credit score.

What is a Fixed Deposit Credit Card?

A Fixed Deposit (FD) Credit Card is a secured credit card issued against your fixed deposit amount.
Instead of checking your salary or high credit score, the bank keeps your FD as security and gives you a credit limit based on that amount.

For example:

• If you create a fixed deposit of ₹10,000
• You can get up to 90% credit limit, meaning around ₹9,000 credit limit.

This makes it one of the easiest credit cards to get in India.

Novio SBM Fixed Deposit Credit Card

Features	Details
Minimum Age	18 to 60 years
Minimum FD Required	₹2,000
Credit Limit	Up to 90% of FD value
Credit Score Eligibility	-1 or 500+ CIBIL accepted
Income Proof	Not required
Joining Fee	₹0
Annual Fee	Lifetime Free
Bank Partner	SBM Bank
Card Platform	Novio
UPI Support	Yes (PhonePe Supported)

Why is the FD Credit Card Popular?

This fixed deposit credit card is popular based on below reason. Here are the biggest benefits:

1. Low CIBIL Score Accepted

Even if your CIBIL score is low or you have no credit history (-1 score), you can still apply.

This makes it perfect for:

• Students
• Beginners
• Low-income users
• People with previous loan rejection

2. No Income Proof Needed

Unlike regular credit cards, you do not need:

• Salary slips
• ITR documents
• Office proof

Your fixed deposit acts as security for the bank.

Also Read: 10 Best Cashback Credit Cards in India

3. Start with Just ₹2,000 FD

Most secured cards require large deposits, but this card can start with only a ₹2,000 fixed deposit.

This makes it affordable for almost everyone.

4. Get 90% Credit Limit

You receive up to 90% of your FD amount as a usable credit limit.

Example:

FD Amount	Approx Credit Limit
₹2,000	₹1,800
₹5,000	₹4,500
₹10,000	₹9,000
₹20,000	₹18,000

5. Use It as a UPI Credit Card

One of the best features is UPI support.

You can link the card with:

• PhonePe
• Other UPI apps (supported devices)

This means you can:

• Scan QR codes
• Pay shopkeepers
• Make online UPI payments.
• Use credit card money through UPI.

This works similarly to a normal bank UPI account.

Exciting Rewards & Offers

1. 5% Cashback on Amazon

Shop on Amazon and enjoy reward benefits on eligible transactions.

2. Buy 1 Get 1 Movie Ticket on BookMyShow

Movie lovers can enjoy Buy 1 Get 1 ticket offers on BookMyShow.

3. 10% Discount on Zepto

Get instant savings while ordering groceries from Zepto.

4. 20% Off on Swiggy

Save more on food delivery and dining orders through Swiggy.

Also Read: ₹12,000 Loan Without CIBIL Score: Online Approved

Who Can Apply for Fixed Deposit Credit Card?

This FD credit card is suitable for:

• Students
• Housewives
• Freelancers
• Self-employed people
• First-time credit card users
• Low CIBIL borrowers
• People without salary slips

Eligibility Criteria

To apply for Novio SBM FD Credit Card:

• Age should be between 18 to 60 years.
• Must be an Indian citizen
• Aadhaar & PAN card required
• Minimum FD of ₹2,000 needed
• CIBIL score of -1 or 500+ eligible

Documents Required

You only need basic KYC documents:

• Aadhaar Card
• PAN Card
• Mobile Number
• Bank Account Details
• Selfie for verification

No income documents are required.

How to Apply for a Fixed Deposit Credit Card

Step 1: Click on the Apply Now Button

Start the application online from the “Apply Now” button.

Step 2: Complete KYC

Verify your Aadhaar and PAN card details.

Step 3: Create Fixed Deposit

Start FD from ₹2,000 or higher.

Step 4: Get Credit Card Approved

Your secured credit card gets activated after FD verification.

Step 5: Link with PhonePe UPI

Connect the card with PhonePe and start making UPI payments instantly.

Also Read: 5 Best Shopping Credit Cards in India

Can This Card Improve Your CIBIL Score?

Yes. Using the card responsibly and paying bills on time can help improve your credit score over time.

This is one of the safest ways to:

• Build credit history
• Improve a low CIBIL score.
• Become eligible for bigger loans in the future.

FAQs