Step Up Credit Card

Rewards Program

• 1 reward point on every Rs. 100 spent
• Redeem reward points through Paisabazaar app at a value of 1 Reward Point = Rs. 0.25*

Note: E-wallet loading, rent payment, fuel spends, utility payments, insurance premium and related spends, cash advance and EMI payments will not earn any reward points.

*Cardholders are required to redeem a minimum of 400 reward points.

Other Features & Benefits

Credit Limit

• 90% of the fixed deposit amount (may vary as per the bank’s internal policies)

Instant Issuance

• Instant virtual credit card issued without any paperwork

To be eligible to apply for Step Up SBM Credit Card, you must have and maintain a fixed deposit of minimum Rs. 2,000 with SBM bank via Paisabazaar mobile app or website. You must also note that only the fixed deposits that are in the name of a single individual are eligible for SMB Step Up Credit Card, though nomination facility will be available for the fixed deposits.

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You can apply for this credit card online through the Paisabazaar app or website by following the steps below:

Step 1: Download the Paisabazaar app or visit the official website of Paisabazaar.

Step 2: Open a fixed deposit account with SBM Bank through the Paisabazaar app or website.

Step 3: Enter the required details, such as name, PAN number, etc.

Step 4: Verify the details by entering the OTP sent to your registered mobile number.

After successful verification, your application will be submitted and the card will be approved as per the bank’s eligibility terms.

SBM Paisabazaar Step-Up Credit Card is best suited for those who are planning to start their credit journey and want a card to build their credit profile. Cardholders can avail this credit card as lifetime free (depending on the FD amount) and without any income proof or additional paperwork. This credit card also allows you to save on everyday spends by offering 1 point per Rs. 100 spent across all categories, which can be redeemed against cash at a value of Rs. 0.25 per point. This card is a suitable option to build your credit profile while availing benefits on your spends.

Opt for this card If:

• You want an entry-level lifetime free card
• You are a beginner who is new to credit
• You have a low credit score or do not have any credit history
• You want a basic rewards credit card to get a better understanding of how credit cards work

Look for other options if:

• You do not mind paying an annual fee for a card with better value-back
• You have a good credit score and do not want a secured credit card
• You are looking for a card with cashback or category-specific benefits

What is annual fee for Step Up Credit Card?
This credit card does not charge any annual fee. However, it charges a joining fee depending on the FD amount. For an FD of Rs. 2,000, the joining fee is Rs. 500 plus applicable taxes. For an FD of Rs. 5,000, the joining fee is Rs. 250 plus applicable taxes and for an FD above Rs. 5,000, there is no joining fee.

Can I apply online for Step Up Credit Card?
Yes, you can apply online for this credit card through Paisabazaar’s app or website. You are required to open an FD account with SBM Bank through Paisabazaar’s app or website to be eligible for this credit card.

Can I earn rewards on fuel spends with Step Up Credit Card?
No, this credit card does not offer reward points on select categories, including e-wallet loading, rent payment, fuel spends, utility payments, insurance premiums and related spends, cash advances, and EMI payments.

What is the credit limit of Step Up Credit Card?
SBM Paisabazaar Step-Up Credit Card is a secured credit card issued against a minimum fixed deposit of Rs. 2,000. The card offers a credit limit of up to 90% of the FD amount.

Can I redeem earned reward points against cash with Step Up Credit Card?
Yes, you can redeem the accumulated reward points as cash credit at a value of 1 Reward Point = Rs. 0.25.