LIFETIME FREE Visa 📡 Contactless NFC

Paisabazaar Step Up SBM Credit Card

Joining FeeFREE

Annual FeeFREE

Forex Markup 3.5%

Application ModeDirect via Bank Website

⚖️ Card Verdict & Target Persona

Who Should Apply

New-to-credit applicants, students, and individuals with low CIBIL scores wanting a zero-fee secured card starting with a small ₹2,000 fixed deposit.

Who Should Avoid

Users with strong credit history seeking unsecured premium reward cards or airport lounge access.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

Instant credit limit set to 90% of Fixed Deposit value with zero paperwork

Guaranteed Approval on ₹2k FD

100% guaranteed approval against Fixed Deposit of ₹2,000+ with zero income proof and no credit score required.

Rewards on All Retail Spends

Earn 1 Reward Point per ₹100 spent on retail purchases, adjusted directly against your card statement.

Credit Score Builder

Builds credit score while earning high FD interest on your underlying fixed deposit.

💰 Reward Structure & Point Valuation

1 Direct Cashback = ₹1

Standard Base Earning

1 Reward Point per ₹100 spent on retail transactions (1.0% return; 1 RP = ₹1.00 statement credit)

Accelerated / Partner Rate

Up to 2% valueback on partner merchant promotions via Paisabazaar app

Points Validity:Never Expire

Redemption Fee: ₹0 (Free)

Redemption Modes: Direct Statement Credit Adjustment (1 RP = ₹1.00)

🚫 No Reward Points / Cashback on:

Fuel Wallet Loads Rent Payments Government Transactions Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✗ No Free Lounge Access

🛫

Domestic Lounge VisitsNone

🌐

International Lounge VisitsNone

⚠️

Spend Criteria: None

⚡ Spend Milestones & Special Perks

Annual Fee Waiver Lifetime Free (₹0)

Unconditionally Lifetime Free (LTF) secured credit card backed by Fixed Deposit

UPI Payments Support✗ Not Supported

UPI not supported on Visa network

Fuel Surcharge Waiver1% Surcharge Waived

1% fuel surcharge waiver for transactions between ₹400 and ₹4,000 (Capped at ₹150/mo)

📋 Eligibility Criteria

✓ Official Criteria

Age Limit18 - 70 Years

Min. Monthly IncomeN/A

Min. Credit Score0 CRIF

Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):2.50% per month (30.0% per annum)

Late Payment Penalties:Late payment charges slab-based up to ₹1,200

Official Bank Portal Application

Get the Paisabazaar Step Up SBM Credit Card

Lifetime Free Card • Zero Annual Maintenance Charges

Personalized Card Matcher

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Frequently Asked Questions

Yes, the Paisabazaar Step Up SBM Credit Card is a Lifetime Free credit card with ₹0 joining fee and ₹0 annual renewal fee.