Bengaluru fintech startup Kredit.Pe has launched SBM Kredit.Pe credit card, which will be available to anyone with just a ₹2,000 fixed deposit. Unveiled on August 29 at the Global Fintech Fest (GFF), this credit card is designed to be accessible, even for users without traditional credit history or income proof.

Founder and CEO Prashant Kumar said the card aims to bring more people into the digital financial ecosystem by lowering the barriers to obtaining credit.

“Our goal is to make credit payments accessible to everyone, and this card is a key step in that direction,” Kumar said.

One of the card’s primary features is its cashback structure.

Users can earn 3% cashback on every transaction made with the card, regardless of the purchase.

For UPI transactions conducted through the Kredit.Pe mobile app, users will receive 2% cashback. Additionally, there will be 1% cashback on all online transactions.

The cashback can be redeemed for discounts ranging from 5% to 10% on major platforms like Amazon, Swiggy, and Flipkart.

The card also offers a financial incentive on the fixed deposit. Users can earn up to 7% per annum on their ₹2,000 fixed deposit.

Once users are approved for the card, they will receive instant access to a virtual version.

The application and approval process are managed entirely through the Kredit.Pe mobile app.

Kredit.Pe, launched in August 2024 by Prashant Kumar, is a fintech startup.

Kredit.Pe allows users to earn cashback on all their UPI transactions.

Additionally, Kredit.Pe offers a selection of RuPay Credit Cards that provide an extra 2% cashback on top of existing card benefits.

For new users, Kredit.Pe has an introductory offer of 2x cashback on UPI transactions for the first month.

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