Gild Credit Card Review 2023, Features, Rewards, Fees & Charges

Gild credit card is a secured credit card brought to you by M2P in partnership with SBM Bank India.

Gild credit card rewards you free gold on every spending and these gold rewards are powered by Safegold.

Gild card is a secured credit card so you need to create a fixed deposit account with an SBM account to get a card. You will earn a good interest rate on your fixed deposit, Your fixed deposit amount will be insured by DICGC and you can add a maximum of 5 lakh rupees to that Fixed deposit account.

This card is available in both Rupay and VISA card networks, you can choose as per your choice while applying for this credit card.

Also Read: 10 Best Fuel Credit Cards in India 2023

Today, in this blog post I will share Gild credit card features, charges, rewards, and how you can get a card, so to know more about Gild card you can read this blog post completely.

Overview

Annual fee	₹499
Minimum FD	₹10,000
Credit limit	100% of Fixed deposit
Interest rate on FD	7.7%
Card network	VISA & Rupay
Suitable for	Beginners
Reward type	Gold points
Cashback rate	0.75%
Interest free period	45 days
Partner bank	SBM Bank India

Also Read: How To File A Complaint With RBI Banking Ombudsman Against Your Bank

Fees & Charges

Joining fee	Free
Renewal fee	₹499
Closing fee	₹999 if closed within 6 months
Addon card	Free, ₹499 from the second year (waived on spending Rs.1.5 lakh)
Forex charge	2.49%
Interest	30%
Reward redemption fee	Nil
Annual fee waiver	Spending Rs.3 lakh in a year
Fuel Surcharge Waiver	1% fuel surcharge waiver

Also Read: OneCard Review – Lifetime Free Metal Card in India

Cashback & Rewards

Retail spend	0.75%
Online spend	0.75%
Fuel Spend	0.75%

Reward redemption

You will earn .75% value back as petal points on every spending using your Gild credit card, petal points can be exchanged against gold (powered by Safegold). The value of each petal point is equivalent to 1 rupee. There is no redemption fee on Gild credit card rewards. Rewards points will never expire and are valid for a lifetime.

Also Read: Best Secured Credit Cards in India

Benefits of Gild Card

How To Apply for Gild Card

To apply for Gild credit card first you need to download Gild mobile app from the play store and complete KYC by entering your details, Once you complete the KYC verification process then you have to create a Fixed deposit of a minimum of 10 thousand then your virtual Gild credit card will be generated. And your physical Gild card will be delivered to your registered address very soon.

Eligibility

Conclusion

Gild credit card works like a credit score builder and it really helps you to build your credit score, If you are a beginner or student etc and not able to get an unsecured credit card then you must get this Gild credit card and use it properly. After using it for some time your credit score will be generated which will help you to get other credit cards.

If you are a user who has a good credit score and holds credit cards then you should not go for this credit card because it has a very low reward rate.

In this blog post, I have tried my best to share information about the features, fees, charges, and reward rates of the Gild credit card. I hope this article was helpful for you to know about Gild credit card, kindly share it with others on your social media.

Have you ever used a Gild credit card, how was your experience? share in the comment section.

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