Fees
Annual feeNil (Lifetime Free)
Joining feeINR 0
Renewal feeNil (Lifetime Free)
Fee waiverN/A - Lifetime free card
Interest rate3.5% per month / 42% per annum (POS/ECOM, w.e.f. Jan 6 2026); Cash: 2.99%/month (35.88% p.a.)
Late paymentINR 499
Forex markup2.49%
Cash advance2.5% of amount or INR 299, whichever is higher
Eligibility
Min income (salaried)None required; min FD INR 2,000 (virtual card) / INR 5,000 (physical card)
Min income (self-emp.)None required (FD-backed)
Income requirementSalaried: None required; min FD INR 2,000 (virtual card) / INR 5,000 (physical card); Self-employed: None required (FD-backed)
Credit scoreNo credit score required
Age range18+
Employment typeBoth
Resident typeIndian Resident
Rewards & cashback
Accelerated rateYes - 10 Novio Coins per INR 100 on fuel (via UPI, capped INR 400 Coins/month, on spends INR 400-INR 4,000); 1X on regular fuel swipe
Cashback %Effective ~1% base; up to 10% on fuel via UPI
Cashback cap400 Novio Coins/month on fuel UPI
Redemption optionsGift Vouchers (via novio/Credilio app) for brands like Amazon, Flipkart, Myntra, Swiggy, Zomato
Points expiryNo Expiry
Travel & lounge
Domestic lounge0 visits (no lounge benefit)
International lounge0 visits (no lounge benefit)
Lounge conditionsNo spend condition (see issuer for current terms)
Travel insuranceNo
Hotel/flight offersNo
ConciergeNo
Forex waiverNo waiver (2.49% charged)
Lifestyle
Dining benefitsYes - 20% off on Swiggy orders via code NOVIO100 (up to INR 100 off on min INR 499 order, once/month)
Dining discountsYes - 20% off on Swiggy orders via code NOVIO100 (up to INR 100 off on min INR 499 order, once/month)
Fuel surchargeYes - 1% surcharge waiver on fuel (MCC 5541 & 5542)
OTT subscriptionsNo
E-commerce offersYes - Amazon (flat INR 100 off), Flipkart, Myntra, Swiggy, Zomato partner vouchers via app
Credit limit & EMI
Default limit90% of FD amount (min FD INR 5,000)
Max limitBased on FD amount; no stated cap
Cash withdrawal50% of credit limit
EMI optionsNo; No
EMI conversionNo
Balance transferNo
Insurance & protection
Purchase protectionNo
Lost card liabilityYes
Digital & security
ContactlessYes
Virtual cardYes - Instant virtual card on FD as low as INR 2,000
App featuresReal-time Spend Alerts, Card Lock/Unlock, View Statements & Due Dates, Rewards Tracking & Redemption, Block Lost/Stolen Card, Virtual Card View
Card controlsBlock/Unblock Card, Enable/Disable International Usage, Enable/Disable Online Transactions, Card PIN Reset, Report Lost/Stolen Card, View/Generate Virtual Card
Fraud protectionOTP for Online Transactions, Tokenization (RBI Mandated), Real-time Transaction Alerts, Instant Card Block Option
Zero liabilityZero liability if fraud reported within 3 working days
WhatsApp supportNo