SBM

Paisabazaar Step-Up SBM Credit Card

SBM Bank Step Up Credit Card is a secured card against a fixed deposit of just ₹2,000 — no income proof, no credit score, 1 Reward Point per ₹100 and a nil annual fee

Shopping
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Issued by

SBM

Paisabazaar Step-Up SBM Credit Card image
Joining Fee₹500
Annual FeeFree
Income₹25000
Credit Score720

Key Highlights

Shopping

Earn 1 Reward Point for every ₹100 you spend

on POS and online transactions, and adjusted straight against your card bill

Start With a Fixed Deposit of Just ₹2,000

single name with SBM Bank and get a credit limit of up to 90% of the deposit amount, apply with no income proof and no credit score

Earn 1 Reward Point for every ₹100 you spend

on POS and online transactions, and adjusted straight against your card bill

Eligibility

Age Criteria21-60
Credit Score720
Salaried Income₹3 LPA
Self-employed Income₹3 LPA
Employment TypeSelf Employed, Salaried
New to CreditEligible

Fees & Waivers

Joining Fee₹500
Joining Fee OffsetSlab-based on the fixed deposit amount ₹500 + 18% GST with a ₹2,000 fixed deposit; ₹250 + 18% GST with a ₹5,000 fixed deposit; Nil with a fixed deposit above ₹5,000
Annual FeeFree
Annual Fee WaiverNot Applicable
Estimated Annual Saving₹10000

Rewards & Redemption

Reward Conversion1 Reward Point = ₹0.25
Redemption Options
  • Rewards Points are adjusted against your credit card bill 
Earning ExclusionsRent Payment, ATM Cash Withdrawals, Financial Charges, Wallet Loads, Education Spends, Agriculture, Contracted Services, Transportation, Utility Bill Payments, Government-related Transactions
Spend ExclusionsRent Payment, ATM Cash Withdrawals, Financial Charges, Wallet Loads, Education Spends, Agriculture, Contracted Services, Transportation, Utility Bill Payments, Government-related Transactions

Benefits

All Benefits

  • Step Up Credit Card is a secured credit card from SBM Bank State Bank of Mauritius, India issued against a fixed deposit of ₹2,000 and above held in a single name, with a credit limit of up to 90% of the fixed deposit amount
  • Earn 1 Reward Point for every ₹100 spent on POS and online transactions, with each point worth ₹0.25 and adjustable against your credit card bill
  • an interest-free period of 20 to 50 days and a 3-day grace period for bill payment after the bill due date
  • No credit score and no income proof are needed to apply

Fuel Surcharge Waiver Benefits

  • Get up to a 2% fuel surcharge waiver on the transaction amount on fuel spends

Documents

PAN Card
Aadhaar Card or valid address proof
Latest salary slips or income proof
Recent bank statements

Terms

The bank may offer a different card variant based on your eligibility; please carefully review the features and benefits of the card offered before submitting your application
A minimum transaction of ₹100 within 30 days of card issuance is required to activate the card, failing which you will not be eligible for rewards
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