SBM Paisabazaar Step-Up Credit Card
Rewards & Benefits
Welcome Benefits
Milestone Benefits
Cashback Rate
Users will earn 1 reward point for every Rs. 100 spent, which is worth Rs. 0.25. General cashback rate: 0.25%.
A minimum of 400 reward points are required for redemption.
Movie Benefits
Dining Benefits
Other Benefits
The platform provider (Rupay) regularly offers and discounts on this credit card.
Lounge Access
Rewards & Benefits
Welcome Benefits
Milestone Benefits
Cashback Rate
Users will earn 1 reward point for every Rs. 100 spent, which is worth Rs. 0.25. General cashback rate: 0.25%.
A minimum of 400 reward points are required for redemption.
Movie Benefits
Dining Benefits
Other Benefits
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Lounge Access
Fees & Charges
Joining Fee
For FD of ₹2000: ₹500 + 18% GST, For FD of ₹5000: ₹250 + 18% GST, For FD more than ₹5000: NIL
Annual Fee
Annual membership fee: NIL
Cash Advance Fee
Cash advance fee: 2.5% of amount withdrawal subject to ₹250 minimum.
Interest rate
Interest rate: 3.00% per month 42.58% per annum.
Late Payment Fee
Late payment charges: Up to INR 750
Foreign Currency Transactions Fee
Foreign currency markup fee: 3.5%
Other Fees
Fuel surcharge: 2%.
Fees & Charges
Joining Fee
For FD of ₹2000: ₹500 + 18% GST, For FD of ₹5000: ₹250 + 18% GST, For FD more than ₹5000: NIL
Annual Fee
Annual membership fee: NIL
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest rate: 3.00% per month 42.58% per annum.
Late Payment Fee
Late payment charges: Up to INR 750
Foreign Currency Transactions Fee
Foreign currency markup fee: 3.5%
Other Fees
Fuel surcharge: 2%.
Special Features
None
Eligibility Criteria
From students to homemakers to self-employed individuals, all Indian residents are eligible for Step UP credit cards.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the Paisabazaar Website: Go to the Paisabazaar website and search for the SBM Paisabazaar Step-Up Credit Card.
Click on "Apply Now": Once you've found the card, click on the "Apply Now" button.
Open a Fixed Deposit: You'll be asked to open a fixed deposit (FD) with SBM Bank. The minimum FD amount is Rs. 2,000, and the maximum is Rs. 60,000.
Submit Your Application: Fill out the online application form with your personal and financial details.
Receive Your Card: After your application is approved, you'll receive your SBM Paisabazaar Step-Up Credit Card.
Contact Details
Tel No: +91 22 4007 1500
Email : customercare@sbmbank.co.in
Account Opening and Procedure
The card provides very limited features. Its USP is that the card can be availed by even students and homemakers and they can use the card to build their credit score.
The card provides very limited features. Its USP is that the card can be availed by even students and homemakers and they can use the card to build their credit score.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai