RechargeFox: Up to ₹1,800 UPI Cashback on SBM Credilio RuPay Credit Card

At a glance

• Offer: Earn up to ₹1,800 UPI cashback based on fixed deposit amount when issuing an SBM Credilio RuPay Credit Card via RechargeFox.
• Deposit Tiers: Listed as ₹300 cashback on ₹2,000 FD, ₹1,100 on ₹5,000 FD, and ₹1,800 on ₹25,000 FD.
• Verification Status: Advertised offer structure is partially verified from campaign landing page facts; specific bank integration and automated payout conditions remain unverified.

Quick facts

• Card Issuer: SBM Bank India (Credilio platform)
• Minimum Fixed Deposit: ₹2,000
• FD Interest: Advertised at 7% per annum
• Annual Fee: Lifetime Free (No joining or annual charges reported)
• Eligibility: Open without mandatory income proof or credit score requirement

Product overview

The SBM Credilio RuPay Credit Card is a secured, fixed-deposit-backed credit card designed for users looking to build or improve their credit score while earning rewards on everyday spend. Because the credit line is backed by a fixed deposit (starting at ₹2,000), applicants can get approved without needing an established credit score or formal income documents.

Through this campaign on RechargeFox, applicants submit their UPI ID and mobile details prior to completing card issuance and Video KYC. The underlying deposit continues to earn interest (listed at 7% p.a.), while cardholders access RuPay features including UPI spend integration.

Why consider it

• No Credit History Required: Accessible for first-time credit card applicants or those rebuilding credit.
• FD Interest Accumulation: The fixed deposit backing the card earns an advertised 7% annual interest rate.
• Cashback Tiers: Promised third-party cashback scales up with higher initial fixed deposit amounts.

Pros and cons

Pros:

• Lifetime free card with no joining or annual fees.
• Works with RuPay UPI payments for regular daily transactions.
• Instant approval against fixed deposit security.

Cons:

• Cashback processing is handled by a third-party platform and subject to manual validation.
• Strict single-user/device rules mean duplicate entries risk rejection.
• Capital is locked within the fixed deposit to maintain the credit limit.

Who should buy it

This offer suits individuals seeking an entry-level secured RuPay credit card to start building a credit profile while securing extra third-party cashback on their fixed deposit investment. It is less suitable for users looking for high-end travel perks or unsecured credit cards.

Final verdict

If you are planning to open a secured credit card backed by a small fixed deposit, this promotion provides a valuable cashback bonus. Ensure you follow all registration steps accurately on the campaign page and enter valid UPI details before completing your bank application.