Niyo SBM Global Credit Card Review
The Niyo SBM Global Credit Card is a zero-forex travel credit card (not to be confused with Niyo’s forex debit card) issued by SBM Bank. It’s lifetime-free, backed by a fixed deposit, and built for international travellers who want no forex markup and rewards on spends. Here is the verified review.
- 0% forex markup — ideal for international spends
- Lifetime-free (no joining or annual fee)
- 10 Niyo Coins per ₹100 on online & POS
- 3 free international ATM withdrawals/quarter
- Global lounge access, eSIM, travel insurance
- Limit up to ₹25 lakh (FD-based)
- Secured — requires a fixed deposit
- Niyo Coins redeem within the Niyo app
- App-first servicing
- Rewards skew to online/POS
- Confirm FD and limit terms in-app
Fees & rewards
| Item | Detail |
|---|---|
| Joining/annual fee | Nil (lifetime-free) |
| Type | FD-backed; limit up to ₹25 lakh |
| Forex markup | 0% |
| Rewards | 10 Niyo Coins per ₹100 (online & POS) |
| International ATM | 3 free withdrawals/quarter |
| Extras | Global lounge access, eSIM, travel insurance, visa support |
Eligibility & documents
Type
Secured (FD-backed)
Fee
Lifetime-free
Network
Visa
Apply via
Niyo app
Best for
International travellers
Documents
PAN, Aadhaar, FD with SBM
The real value
The headline is the 0% forex markup at no annual fee — a combination most premium cards charge dearly for. Pair that with 10 Niyo Coins per ₹100 on online/POS, free international ATM withdrawals and global lounge access, and it’s a genuinely strong travel companion. Because it’s FD-backed, approval is easy and the limit scales with your deposit; just remember the coins redeem inside the Niyo app.
Who this card is for
- Best fit: international travellers who want zero forex and travel perks at no fee, and are comfortable parking an FD.
- Skip if: you want an unsecured card or rewards you can redeem anywhere.
How to apply & how to cancel
Apply: through the Niyo app (FD-backed, SBM Bank). Cancel: request closure in-app after clearing dues; the FD is released on closure.
Final verdict
The Niyo SBM Global Credit Card is one of the best zero-forex options going — no fee, 0% markup, free international ATM access and global lounges, with an FD-based limit that makes approval simple. For frequent international travellers it’s excellent value; just note it’s secured and rewards live in the Niyo app.
Frequently asked questions
Is this a credit card or the forex/debit card?
This review covers the Niyo SBM Global Credit Card — a Visa credit card distinct from Niyo’s forex/debit card. It’s FD-backed and lifetime-free.
What’s the forex markup?
0% — there’s no foreign-currency markup, ideal for international spends.
How do I earn rewards?
10 Niyo Coins per ₹100 on online and POS spends, redeemable for flights, hotels and vouchers in the Niyo app.
Is there a fee?
No — it’s lifetime-free; it is secured against a fixed deposit (limit up to ₹25 lakh).
Data current as of June 2026, cross-checked against Niyo and SBM Bank pages. Confirm current terms in the Niyo app before applying.