SBI CardClassic

SBI Card against Fixed Deposit

•••• •••• •••• 4242

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Quick facts

SBI Card against Fixed Deposit

Top reward80% of FD value

Annual feeLifetime Free

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🔒No CIBIL Needed

SBI Card · Classic tier

SBI Card against Fixed Deposit

SBI secured card

Build credit with SBI fixed deposit.

Key Benefits

💳

FD-backed from ₹20K

🎁

80% of FD as limit

⛽

No income proof

Annual fee

Free

Top rate

80% of FD value

Min income

No proof

Eff. return

0.37%

Realistic net value (moderate user): ₹1,770/year

After ₹0 fee & ₹630 forex. Based on ₹40,000/mo spend.

12,400 users matched · Verified 2026-06-12

We earn commission if approved — at no cost to you. Zero sales calls.

Our transparency promise

✓ Reward caps shown in absolute ₹ — not just "5% cashback"

✓ Exclusions listed upfront — fuel, EMI, rent, wallet

✓ Point conversions with conservative ₹/point rates

What You Actually Earn (in ₹)

Absolute INR estimates based on your spends. Caps and exclusions applied — no marketing fluff.

Gross rewards / year

₹2,400

Before fees & forex

Costs / year

₹630

Fee ₹0 + forex ₹630

Net value / year

₹1,770

0.37% effective return on spend

Category-wise breakdown

All other eligible spends

Spend ₹40,000/mo · 0.5% cashback

₹2,400/year

₹200/mo

₹40,000 × 0.5% = ₹200/mo

Estimates assume eligible spends only (exclusions per issuer T&Cs apply). Point values use typical redemption rates — actual value varies by redemption choice. Bank approval and reward crediting is at issuer discretion.

🔒No CIBIL Needed

FD-backed — build credit from scratch

Reward Structure

Source: SBI Card against FD T&Cs

Credit limit

80% of FD value

Example: ₹10,000/mo spend → ≈ ₹8,000/mo

All spends

0.5% cashback

Example: ₹10,000/mo spend → ≈ ₹50/mo

Best for

→ Credit building with SBI
→ No CIBIL history
→ Min FD ₹20,000

Fees & Charges — Full Disclosure

All amounts in INR. Everything that can reduce your net value.

Joining fee

Lifetime free card

₹0

Annual / renewal fee

No renewal fee ever

₹0

Forex markup

3.5% on international transactions

Finance charges

≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid

Late payment fee

₹400–₹1,300 depending on statement balance — always pay on time

Reward redemption fee

Usually ₹0 for cashback cards; points cards may have ₹99+ redemption fee

Example: moderate user net math

Gross rewards+ ₹2,400

Annual fee− ₹0

Forex cost− ₹630

Net annual value₹1,770

Eligibility Snapshot

Public criteria from SBI Card against FD T&Cs. Bank makes final decision.

Minimum age18–65 years

Min income (salaried)Not required

Min income (self-employed)Not required

Employment acceptedsalaried, self employed, student, homemaker, retired

Credit historyNot required — fd-backed secured card

CIBIL checkBank checks at application — CardHungry never pulls your score

Secured optionYes — from ₹20,000

Card tierClassic — entry-level product

Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.

FAQ

How much can I actually earn with SBI Card against Fixed Deposit?+

At moderate spend (₹40,000/mo), gross rewards are about ₹2,400/year. After the ₹0 annual fee, net value is approximately ₹1,770/year. Use the calculator above to model your own spends.

What is the minimum income for SBI Card against Fixed Deposit?+

No income proof required. FD-backed secured card from ₹20,000.

What spends do NOT earn rewards?+

Does CardHungry pull my CIBIL score?+

No. We use public eligibility criteria only. The bank will check CIBIL when you apply.