SBM MobiKwik First Credit Card Review (formerly MobiKwik SuperCard)
MobiKwik’s credit card offering is now the SBM MobiKwik First card, issued by SBM Bank against a fixed deposit. Because it is secured, it is easy to get and useful for building a credit history.
The rewards changed on 1 February 2026: the earlier SuperCash rates ended and the card now pays a flat 1% cashback, withdrawable to your bank.
- No joining or annual fee
- Easy approval — secured against an FD
- 1% cashback, withdrawable to your bank account
- Works with UPI through the MobiKwik app
- Builds credit history
- Credit limit limited to 90% of your FD
- UPI through other apps earns nothing
- UPI cashback only on payments of ₹2,000+
- ₹200 for a physical card
- 3% forex markup and 3.5% monthly interest
Fees and charges
| Item | Detail |
|---|---|
| Joining / annual fee | Nil |
| Physical card | ₹200 |
| Early cancellation | ₹200 within 6 months |
| Forex markup | 3% |
| Interest | 3.5% a month |
Rewards: how the card earns
| Spend | Cashback (from 1 Feb 2026) |
|---|---|
| Online and in-store card spends | 1% |
| UPI via MobiKwik app (₹2,000+ per transaction) | 1% |
| UPI via other apps | 0% |
What earns nothing
Rent, government, tax, gambling, dating and EMI transactions earn no cashback.
Other benefits
| Benefit | Detail |
|---|---|
| Security | Fixed deposit with SBM Bank; credit limit 90% of the FD |
| Cashback | Credited to the MobiKwik wallet and withdrawable to a bank account |
| Credit building | Payment history reported to credit bureaus |
Eligibility
Issuer
SBM Bank (India)
Partner
MobiKwik
Security
Fixed deposit
Best for
First-time users or those rebuilding credit
Who this card is for
- Good fit: people building or rebuilding a credit score who want a free secured card.
- Skip if: you already qualify for an unsecured card with better rewards.
Alternatives worth comparing
- SBI Card Unnati — FD-backed alternative
- Best first credit card
- How to improve your CIBIL score
- Best lifetime-free cards
Final verdict
A simple, free secured card for building credit. The February 2026 change to a flat 1% removed the old headline rewards, so treat it as a credit-builder.
Frequently asked questions
Is the MobiKwik SuperCard still available?
MobiKwik’s card is now the SBM MobiKwik First credit card, secured against a fixed deposit.
What changed in February 2026?
The SuperCash programme ended on 31 January 2026. From 1 February the card pays 1% cashback on card spends and on MobiKwik UPI payments of ₹2,000 or more.
Is there an annual fee?
No. A physical card costs ₹200.
What is the credit limit?
90% of the fixed deposit you place with SBM Bank.
Does UPI through other apps earn cashback?
No.
Last verified: October 2026, against SBM Bank’s MobiKwik First card KFS and reward terms (from 1 Feb 2026). Card terms change often; confirm the current fees and reward rules on the issuer’s website before you apply. All fees are plus 18% GST.