SBM bank
SBM MobiKwik FIRST FD Credit Card
An FD-backed RuPay credit card offered by SBM Bank India in partnership with MobiKwik. Designed mainly for beginners, students, and users without credit history. Provides cashback on UPI and online spends with guaranteed approval against fixed deposit.
Highlights
Main benefits
- Lifetime free FD-backed credit card
- Guaranteed approval against FD
- No income proof needed
- RuPay card with UPI support
- Cashback on UPI and online spends
- Helps build credit score
- FD continues earning interest
- Instant digital onboarding available
Fees
Fees and charges
Joining fee
₹0
Renewal fee
₹0
Annual fee waiver
Not applicable.
Who can apply
Eligibility
- Indian resident
- Age 18+
- No credit score required
- No income proof generally needed
- Fixed Deposit required for approval.
Checklist
Documents required
- PAN Card
- Aadhaar Card
- Aadhaar-linked mobile number
- Basic KYC documents
- FD creation with SBM Bank.
Process
How to apply
1. Open the MobiKwik app.
2. Navigate to FIRST FD Credit Card section.
3. Complete PAN and Aadhaar verification.
4. Create FD with SBM Bank.
5. Complete video KYC if required.
6. Virtual card gets issued after approval.
Value
Reward and cashback structure
Reward rate
Up to 5% cashback on UPI spends, Up to 10% SuperCash on selected spends and offers through MobiKwik ecosystem.
Cashback
Cashback generally credited as MobiKwik SuperCash/rewards, Best rewards usually available within MobiKwik ecosystem and partner merchants
Good fit
Pros
- Easy approval for beginners
- Suitable for users with no CIBIL history
- Good cashback structure for UPI users
- Lifetime free card
- UPI payments supported through RuPay
- Helps improve credit score
- Instant virtual card availability
Watchouts
Cons
- Rewards mainly tied to MobiKwik ecosystem
- Cashback often comes as SuperCash instead of direct statement credit
- Lounge access not included
- FD remains blocked until closure
- Premium travel benefits are limited
- Reward structures/offers may change frequently
Related
Related cards
Compare
Compare Cards
| Field | SBM MobiKwik FIRST FD Credit Card | SBM ZET Credit Card |
|---|---|---|
| Bank/provider | SBM bank | SBM Bank |
| Joining fee | ₹0 | ₹0 |
| Renewal fee | ₹0 | ₹0 |
| Best for | Beginners building CIBIL score, UPI cashback users, Users without income proof, Students and first-time credit card users, FD-backed secured credit card seekers |
|
| Reward rate | Up to 5% cashback on UPI spends, Up to 10% SuperCash on selected spends and offers through MobiKwik ecosystem | 2% cashback on UPI spends (with ZET Plus membership), 5% cashback on Amazon & Flipkart vouchers, Up to 15% cashback on 80+ partner brands |
| Cashback | Cashback generally credited as MobiKwik SuperCash/rewards, Best rewards usually available within MobiKwik ecosystem and partner merchants | Cashback credited as ZET Coins, Coins redeemable as vouchers or cash redemption |
| Lounge access | No Included airport lounge | No Included airport lounge access mentioned for standard SBM ZET card |
| Fuel surcharge waiver | No | No major fuel surcharge waiver benefit highlighted publicly |
| Welcome benefit | Welcome benefits worth up to ₹10,000 through partner offers and SuperCash rewards | Flat ₹750 reward when applied through Cashkaro |
| Annual fee waiver condition | Not applicable | Not applicable |
| Eligibility |
|
|
| Apply link | Apply Now | Apply Now |