SBM Bank
Paisabazaar Step-Up SBM Credit Card
This is an invite only card
Top Benefits
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
Best For
Shopping
Expert Review
Joining / Annual Fee
Joining Fees
₹590 ( ₹500 + GST )
Annual Fees
₹0 ( ₹0 + GST )
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
3LPA
Credit
Rating*
720+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
No
All Card 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
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹0.25
Redemption Options
- Rewards Points are adjusted against your credit card bill
To check redemption catalogue
N/A
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Rent Payment
ATM Cash Withdrawals
Financial Charges
Wallet Loads
Education Spends
Agriculture
Contracted Services
Transportation
Utility Bill Payments
Government-related Transactions
For Spends Waiver
Rent Payment
ATM Cash Withdrawals
Financial Charges
Wallet Loads
Education Spends
Agriculture
Contracted Services
Transportation
Utility Bill Payments
Government-related Transactions
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign Currency | 3.5% |
APR Fees Finance charges of 3% per month 42.58% per annum apply on unpaid outstanding balances until the amount is fully repaid | 3% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card minimum ₹250, if applicable | 2.5% |
Reward Redemption Fees No fee is charged when redeeming reward points on this card | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets | 1% |
Rent Payment Fees No Rent fee is charged | Not Applicable |
cheque Payment Fees No Cheque fee is Charged | Not Applicable |
Cash Payment Fees No Cash Fee is charged | Not Applicable |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹100 | ₹0 |
| ₹101 - ₹1000 | ₹250 |
| ₹1001 - ₹10000 | ₹500 |
| Above ₹10000 | ₹750 |
That’s the full story of this credit card
Like this card? Your apply button’s just there.
Top Benefits
Top Benefits
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
The smartest way to find your great credit card
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