Novio review
Updated October 12, 2026 · DebitCue Editorial Team
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Our verdict
For first time applicants building a record, Novio offers deposit secured cards for use in India. It pairs everyday card spending with coin rewards and app management, plus guidance for strengthening a credit profile over time for those without prior history.
Key facts
- Best for
- New applicants building credit with a secured deposit card
- Annual fee
- ₹0 (Source, checked October 17, 2026)
- Rewards type
- Points (Source, checked October 17, 2026)
- Rewards rate
- 10% novio coins on fuel purchase (Source, checked October 17, 2026)
- Legal entity
- Credilio Financial Technologies Private Limited (Source, checked October 17, 2026)
- Headquarters
- India (Source, checked October 17, 2026)
- Support channels
- Email, Phone (Source, checked October 17, 2026)
- Pricing model
- No annual fee
- Features
- Secured, Rewards
- Official website
- credilio.in
Pros and cons
Pros
- Secured structure helps keep spending backed by a deposit
- Coin rewards on everyday spending including fuel and store purchases
- Mobile app access for managing the card and tracking rewards
- Guidance aimed at improving the credit profile for larger borrowing
Cons
- Only serves one domestic market, so no option for use abroad
- Requires opening and locking a deposit before the card is issued
- Online and app based handling without branch service
Who it suits
- People opening a first card
- Applicants without existing credit history
- Shoppers wanting coin rewards on daily spends
Who should look elsewhere
- Those seeking an unsecured card
- People outside India
Safety and regulation
Novio cards are secured by a fixed deposit, which links borrowing to funds set aside and helps keep use controlled while building history. Management is through a mobile app, with support channels for queries and formal policies covering privacy, grievance redressal, terms and account deletion. Guidance on improving a credit profile is also provided alongside everyday use, encouraging steady habits and careful repayment over time in one domestic market. Support details include a care email for direct contact.
Our full take
Issues RuPay credit cards in India that are secured by a fixed deposit, with novio coins rewards on UPI, fuel and store spending.
How Novio compares
9.1 vs 9.0
9.1 vs 8.9
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Frequently asked questions
Who can apply for a Novio card?+
Novio is aimed at people starting out, including those without an existing score or proof of income. The card is secured by a deposit set aside in advance. Guidance is offered to help you build a record through steady use.
Which products does Novio cover?+
Novio covers deposit secured credit cards for everyday spending in one domestic market. Spending can earn coins for fuel, store purchases and phone based payments. Coins can be used toward gift cards, with app based management and credit guidance included.
Where is Novio available?+
Novio serves users within India. Its cards and app support are arranged around domestic spending and local payment habits. Applicants outside that market will need to look elsewhere for a suitable option.
How does the Novio app work?+
You download the Novio mobile app to manage your card and follow spending. The app shows rewards activity and provides steps for strengthening a credit profile. Support channels through the app allow you to raise queries about your account.
Which company operates Novio?+
Novio is operated by Credilio Financial Technologies Private Limited. (Source, checked October 17, 2026)
Where is Novio based?+
Novio is based in India. (Source, checked October 17, 2026)
How can I contact Novio support?+
Novio offers support through Email, Phone. (Source, checked October 17, 2026)
Sources
- credilio.in checked October 17, 2026
Backs: Annual fee, Rewards type, Pricing model, Rewards rate, Legal entity, Support channels, Description
“Get lifetime free RuPay fixed deposit credit cards in India with 10% rewards for every UPI user.”
- credilio.in/terms-conditions checked October 17, 2026
Backs: Headquarters
“having its registered office at 1001, Classic Pentagon, Western Express Hwy, Parshiwada, Chakala, Andheri East, Mumbai”
Compiled from 2 source pages, checked October 17, 2026. We did not open an account.
Not confirmed yet: APR, Currency conversion fee.