Niyo Global Credit Card – The Ultimate Card for Global Transactions

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The Niyo Global Credit Card is a secured credit card issued against a Fixed Deposit, so you typically do not need an existing credit history or income proof, subject to the issuer’s eligibility and verification requirements.

According to Niyo's own official page on how this card works, you start by creating a Fixed Deposit with SBM Bank, and that FD acts as security in case you miss paying your credit card dues. Since the card is secured this way, it's accessible even to people building their credit history for the first time. The card carries zero forex markup, making it particularly useful for anyone who regularly spends money outside India.

How Does the Niyo Global Credit Card Work?

You open a Fixed Deposit with SBM Bank, and the bank issues a credit card against that deposit, with your credit limit calculated as a percentage of the FD.

Here's the process, based on Niyo's official explanation:

1. Create a Fixed Deposit with SBM Bank, starting from a minimum of ₹5,000.
2. This FD acts as your security deposit, recoverable by the bank if you miss payments.
3. Once your FD is set up, SBM Bank issues you a secured credit card.
4. Your credit limit is up to 90% of your FD amount.
5. Your FD continues earning interest, up to 7% annually, as long as you keep paying your bills on time.

This structure means your money isn't sitting idle while backing the card, it's actively earning interest throughout.

What Is the Credit Limit on the Niyo Global Credit Card?

Your credit limit is up to 90% of your Fixed Deposit amount, subject to applicable minimum, maximum and bank-set limits.

This means a larger FD directly translates into a higher spending limit. Since the FD interest rate goes up to 7% annually, your money continues growing even while it's backing your available credit. Unlike unsecured credit cards, where your limit depends on income proof and credit history, this structure gives you direct control over your own limit simply by adjusting your deposit amount.

Who Is Eligible for the Niyo Global Credit Card?

Since this is a secured credit card, you typically don't need income proof or an existing credit history to apply, making it accessible to a wider range of applicants.

This makes the card particularly suited for:

• Students studying abroad without an established credit history
• First-time credit card applicants who haven't built a credit score yet
• Frequent international travellers who want to avoid forex charges without lengthy approval processes
• Anyone who prefers a card backed by their own savings rather than an unsecured credit line

Since the card is secured against an FD, an existing credit history or income proof is typically not required, subject to the issuer’s eligibility and verification requirements.

Niyo Global Credit Card vs Niyo Global Debit Card: What's the Difference?

The Niyo Global Credit Card is a secured credit product backed by an FD, while the Niyo Global Card most people know is actually a debit card linked to a savings account.

Both cards share the zero forex markup benefit and the SBM Bank partnership, but they serve different purposes: one helps build credit, while the other uses your own funds for international spending without forex markup.

What Happens If You Close the Niyo Global Credit Card?

Closing the card also closes the Fixed Deposit linked to it. After outstanding dues and any applicable premature-withdrawal charges are deducted, the remaining FD amount and applicable interest are settled to your source account.

According to the official Most Important Terms and Conditions document, termination becomes effective only once SBM Bank receives full payment of any outstanding amount on the card. Once that's cleared, you receive the balance of your FD along with the interest earned for the period it was held. For any closure related queries, you can reach the bank through its toll-free number, 1800 1033 817, or by writing to global@goniyo.com.

What Happens When You Actually Use This Card?

Take Ananya, a graduate student preparing to study in Germany. She opens a Fixed Deposit of ₹50,000 with SBM Bank through Niyo, and her credit limit gets set at ₹45,000, up to 90% of her deposit. During her semester abroad, she uses the card for eligible international payments and everyday spending without a forex markup. Her FD continues earning interest in the background, and she avoids the credit history requirement that would have otherwise stood in her way as a first-time applicant.

The Niyo Global Credit Card offers a route into credit for eligible applicants without an existing credit score, backed by a Fixed Deposit that continues to earn interest while securing the credit limit. With zero forex markup across 180+ countries, it's built specifically for people who spend internationally and want to avoid the usual card charges. Before applying, decide how large an FD you're comfortable locking in, since that number directly determines your spending limit.

Conclusion

If you're someone who spends internationally often but hasn't built a strong credit history yet, the Niyo Global Credit Card offers a practical way in, without sacrificing the zero forex markup benefit that matters most for travellers. Since your credit limit is directly tied to your Fixed Deposit, choosing the right deposit amount upfront makes all the difference in how useful the card becomes for your actual spending needs.

FAQs

What is the Niyo Global Credit Card?

A secured credit card issued by SBM Bank India, backed by a Fixed Deposit, offering zero forex markup on international spends.

What is the minimum Fixed Deposit needed for this Niyo card?

₹5,000, as confirmed on Niyo's official page.

How is the credit limit calculated on this Niyo card?

It's up to 90% of your Fixed Deposit amount.

Does the FD linked to this Niyo card earn interest?

Yes, up to 7% annually, as long as your card payments stay on time.

Do I need a credit score to get this Niyo credit card?

No, since it's secured against an FD, income proof or existing credit history typically isn't required.

Does this Niyo credit card charge any forex markup abroad?

No, it offers zero forex markup across 180+ countries.

What happens to my FD if I close the Niyo credit card?

The FD gets closed too, with outstanding dues deducted and the remaining balance, plus interest, settled with you.

Is the Niyo Global Credit Card the same as the Niyo Global debit card?

No, the credit card is FD-backed, while the debit card links to a savings account.

Who issues the Niyo Global Credit Card?

SBM Bank India, in partnership with Niyo.

How do I contact support for this Niyo credit card?

Call the toll-free number 1800 1033 817, or email global@goniyo.com.