SBM Niyo Global Credit Card
Fees and application requirements
- Joining fee
- No joining fee under current waiver (published ₹500 fee waived)
- Annual / renewal fee
- No annual fee under current waiver (published ₹500 fee waived)
- Card network
- Visa Platinum
- Availability
- Available through the Niyo app for eligible Niyo debit-card customers; the SBM route and serviceable location must be confirmed in the app.
- Security requirement
- Fixed deposit or other issuer-specified security required; check deposit and closure conditions.
Read the complete fee wording: spend-based waivers and promotional offers have conditions. The issuer’s current application terms take precedence.
SBM Bank India · Checked 2026-10-29
An FD-backed Niyo travel card issued by SBM Bank, with zero issuer forex markup and currently waived membership fees.
CardIQ editorial view
Our take
An FD-backed Niyo travel card issued by SBM Bank, with zero issuer forex markup and currently waived membership fees.
Who it suits
- Eligible Niyo customers who want an FD-backed card for foreign-currency purchases.
Key strengths
- FD-backed travel card with zero issuer forex markup on eligible foreign-currency purchases
Trade-offs to understand
- A fixed deposit is required and funds remain tied to the card.
- Zero issuer markup does not remove ATM fees or merchant dynamic-currency-conversion costs.
- Confirm the SBM application route and current fee waiver in Niyo.
CardIQ verdict
Consider it when the deposit commitment suits you and the Niyo app confirms SBM onboarding for your profile.
This CardIQ editorial assessment is maintained separately from issuer facts and commercial links. CardIQ may earn a commission from some applications. Verify current terms before applying.
Benefits, limits and conditions
- Requires an SBM fixed deposit; Niyo lists a ₹5,000 minimum for the SBM route.
- Published ₹500 joining and annual fees are currently waived; confirm the offer in the app.
- Visa conversion rates apply. ATM fees, GST on applicable charges and merchant currency conversion are separate.
Sources
- Issuer source 1: goniyo.com
- Issuer source 2: www.sbm.bank.in
- Issuer source 3: www.sbm.bank.in
- Issuer source 4: goniyo.com