SBM Bank OneCard Lite Credit Card: Fees, Rewards & Benefits

Rewards card

Vyaya Team · Aug 2026

5 min read

Value Score

9.0 / 10

Annual Fee

₹0

Best For

Credit Builder, Low-Forex Traveller

Network

Visa

Expert Verdict

The SBM OneCard Lite is a lifetime-free, FD-secured starter card whose main draws are accessible approval and a low 1% forex markup. Rewards are thin at roughly 0.2% base, and there is no lounge access.

SBM BANK INDIAVisa

SBM Bank OneCard Lite

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REWARD SUMMARY

0.2% Base Rewards
Rewards card

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The Bottom Line

The SBM Bank OneCard Lite is built for credit builder and low-forex traveller. With no annual fee, it offers 1% rewards on other and fuel surcharge waiver. It makes the most sense if your spending matches credit builder and low-forex traveller.

It earns a base reward rate of 0.2% and stacks best when your spending lines up with Credit Builder, Low-Forex Traveller.

What we like

+Lifetime free: zero joining fee and zero annual fee, so there is no spend pressure to justify holding it.

+Accelerated 5 points per Rs. 50 (10x the base rate of 1 point per Rs. 50) on top spending categories, worth roughly 1% back at the 0.1 INR per point value.

+Low 1% forex markup (plus GST) is among the lowest in India, making it a useful secondary card for international spends.

+Reward points never expire and redeem as statement cashback with no redemption charge.

+Secured against an FD of as little as Rs. 10,000 with a credit limit of 110% of the FD (Rs. 11,000 up to Rs. 1.10 lakh), making approval accessible to first-time/thin-file users.

What we don't

–Base earn is just 1 point per Rs. 50 at 0.1 INR per point, equal to a meagre ~0.2% return on ordinary spends.

–No airport lounge access (0 domestic, 0 international).

–Fuel, rent, wallet loads, cash withdrawals and money transfers earn no points at all.

–Being FD-secured, it ties up your own deposit and caps the limit at Rs. 1.10 lakh.

Who Should Get This Card

Use this as a quick filter before comparing rewards or fees in detail.

Best fit for

Ideal

Credit Builder

First-time or thin-file applicants who can park a small FD (from Rs. 10,000) to get an FD-secured limit and build a credit history at no annual cost.

Low-Forex Traveller

Someone who wants a free secondary card purely for the 1% forex markup on overseas spends.

Probably not for

Skip

–

Rewards Maximiser

Anyone chasing meaningful rewards: the 0.1 INR per point value and 1-per-Rs.50 base rate make returns negligible on most spends.

–

Frequent Flyer

Travellers who want lounge access get nothing here (0 domestic, 0 international).

Is It Worth It For You?

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Reward Rates

SBM Bank OneCard Lite offers 0.2% basic reward rate.

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Where

Amount

₹

Other

Welcome Offer

Welcome Benefit

Fees & Charges

Joining fee₹0

Annual fee₹0

Fee waiverN/A

Eligibility

Secured credit card against min FD of Rs 10,000; credit limit up to 110% of FD; no new applications being accepted currently.

Exclusions & Terms

Forex markup

Foreign currency markup

Money Transfers

Does not earn reward points.

Cash Withdrawals

Cash advances/withdrawals do not earn reward points.

Frequently Asked Questions

2 data-backed answers from our card database

What is the annual fee of the SBM Bank OneCard Lite?+

The SBM Bank OneCard Lite has no annual fee (lifetime free).

What rewards does the SBM Bank OneCard Lite offer?+

It earns Reward Points, with accelerated earning on Rewards.

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