SBM Paisabazaar Step Up VISA Credit Card
SBM Bank
Last updated: Feb 03, 2026
₹0
₹500
3.5%
No lounge access
Contents
SBM Paisabazaar Step Up VISA Credit Card is an FD-backed secured credit card designed for beginners, students and new-to-credit users who want to build or repair their credit score while earning simple rewards on everyday spends. Issued against a small fixed deposit starting from ₹2,000, it offers a credit limit of up to 90% of your FD amount and lifetime-free annual fee structure based on your deposit slab. The card gives 1 reward point per ₹100 spent on most retail transactions, which can be redeemed as statement credit via the Paisabazaar app. It is a straightforward, no-frills credit-builder card with digital onboarding, instant virtual card issuance and basic global acceptance on the Visa network.
Features of SBM Paisabazaar Step Up VISA Credit Card which makes it unique
Low Minimum FD Starting ₹2,000
Start your secured credit card journey with a small fixed deposit from ₹2,000, lower than many competing FD cards.
Makes it easier for students, gig workers and first-time users to access formal credit.
Lower entry FD amount than typical secured cards that often start from ₹10,000 or more.
Lifetime Free Structure on Higher FD Slabs
Joining fee can drop to zero for higher FD amounts while annual fee is already nil for all users.
Effectively works as a lifetime free secured credit card if you maintain a larger FD.
Many other secured cards still charge annual fees or renewal fees.
Simple 1X Reward Program
Flat 1 Reward Point per ₹100 on most spends with easy cash-credit redemption at ₹0.25 per point.
No complicated bonus categories, making it beginner-friendly for first-time credit card users.
Simpler than multi-tier reward structures on typical entry-level rewards cards.
Rewards Structure of SBM Paisabazaar Step Up VISA Credit Card
All Retail Spends
baseOnline and offline purchases across most merchant categories, excluding specified exceptions
Each Reward Point is worth ₹0.25 when redeemed as statement credit via the Paisabazaar app.
Fuel, Utilities, Rent and Wallet Loads
baseFuel, utility bills, rent payments, e-wallet loading, insurance premiums, cash advances and EMI transactions
These categories do not earn any reward points as per SBM–Paisabazaar Step Up rewards program rules.
Fees & Charges of SBM Paisabazaar Step Up VISA Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹500 |
| Annual Fee | 0 |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹750 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Lifetime free with no annual fee; joining fee varies by fixed deposit amount.
Fee Explanation Fees follow SBM Bank’s secured credit card schedule; joining fee depends on FD slab, annual fee is nil, cash withdrawals and foreign transactions attract standard charges plus GST.
Detailed Explanation of SBM Paisabazaar Step Up VISA Credit Card Fees
Joining Fee: ₹500 + GST (FD ₹2,000); ₹250 + GST (FD ₹5,000); Nil (FD > ₹5,000) (one-time)
Joining fee slab depends on the fixed deposit amount booked via Paisabazaar.
Annual / Renewal Fee: Nil (yearly)
Lifetime free; no renewal fee currently charged on this card.
Cash Advance Fee: 2.5% (min ₹250) (per transaction)
Charged on ATM and over-the-counter cash withdrawals; interest applies from transaction date.
Finance Charges: 3.0% per month (42.58% p.a.) (monthly)
Applied on unpaid balances and cash advances after due date, as per MITC.
Late Payment Fee: ₹0 to ₹750 (per billing cycle)
Nil for statement balance up to ₹100; thereafter slab-based charges up to ₹750 depending on total due.
Forex Mark-up Fee: 3.5% (per transaction)
Levied on all international transactions; GST extra; card not valid for foreign currency transactions in Nepal and Bhutan.
Card Replacement Fee: ₹200 (per request)
Applicable when a new physical card is issued in case of loss, theft or damage.
Fuel Surcharge: 2% + GST (per fuel transaction)
Standard fuel surcharge applies; no additional fuel surcharge waiver benefit is bundled.
Overlimit Fee: ₹500 (per billing cycle)
Charged if total outstanding exceeds the assigned credit limit, at bank’s discretion.
Returned Payment Fee: ₹350 (per instance)
Charged if cheque, UPI or other payment towards the card is returned or dishonoured.
Insurance Coverage with SBM Paisabazaar Step Up VISA Credit Card
Complimentary Insurance
Not availableNo free travel, health, life or purchase protection insurance benefits are bundled with this card at present.
Additional Features of SBM Paisabazaar Step Up VISA Credit Card
FD-Backed Secured Credit Line
Credit limit of up to 90% of your SBM fixed deposit amount, helping you build or repair your credit score.
Fixed deposit must be opened and maintained with SBM Bank via Paisabazaar.
Instant Virtual Card
Get a virtual Step Up card immediately after successful FD booking and KYC, ready to use for online transactions.
Subject to successful verification and bank approval.
Completely Digital Process
Apply, complete KYC, track FD and manage your Step Up card entirely through Paisabazaar app or website.
Stable internet connection and valid mobile number required.
Credit Score Building
On-time repayments are reported to major credit bureaus, helping you gradually improve your credit profile.
Consistent on-time bill payment and responsible utilisation are essential.
Welcome Bonus with SBM Paisabazaar Step Up VISA Credit Card
Welcome Bonus: NA
Bonus Conditions: No separate welcome offer is provided; benefits apply from the first eligible transaction.
Application Process for SBM Paisabazaar Step Up VISA Credit Card
Processing Time
Instant virtual card on FD booking; physical card typically dispatched within 5–7 working days.
Online Application
Available
Instant Approval
Available
Step-by-Step Process
Download the Paisabazaar app or visit the Paisabazaar Step Up credit card page.
Create an SBM Bank fixed deposit of at least ₹2,000 in your own name through the Paisabazaar journey.
Complete digital KYC by providing PAN, Aadhaar and other required details, and verify with OTP on your registered mobile number.
Submit the application and wait for SBM Bank’s internal approval based on FD creation and KYC checks.
Receive instant virtual Step Up VISA Credit Card details in the app; physical card is dispatched to your registered address within a few working days.
Required Documents for SBM Paisabazaar Step Up VISA Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
PAN Card
allAccepted documents:
Photograph and e-KYC
allAccepted documents:
SBM Paisabazaar Step Up VISA Credit Card Merchant Acceptance Network
Domestic Acceptance
Widely accepted at most POS terminals and online merchants across India that support Visa credit cards.
International Acceptance
Accepted globally at merchants and ATMs that accept Visa; foreign currency transactions in Nepal and Bhutan are not permitted.
Online Acceptance
Yes, can be used on major Indian and international e-commerce websites and apps, subject to RBI and SBM Bank guidelines.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for SBM Paisabazaar Step Up VISA Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
0+
Citizenship
Indian residents only
Income Requirements
Salaried Applicants
₹0
Minimum annual income
Self-Employed Applicants
₹0
Minimum annual income
Who Can Apply
Important Conditions
- Applicant must create and maintain an SBM fixed deposit of at least ₹2,000 via Paisabazaar in single name, complete full KYC with valid PAN and Aadhaar, and comply with SBM Bank credit card terms and conditions.
How Approval Is Decided
- Successful creation and maintenance of the required SBM fixed deposit via Paisabazaar.
- Applicant is an Indian resident aged 18 years or above with valid KYC documents.
- Positive internal checks by SBM Bank, including verification of FD, KYC and compliance requirements.
- Agreement to SBM Bank’s credit card terms, MITC, KFS and Paisabazaar service terms.
Pros of SBM Paisabazaar Step Up VISA Credit Card
- FD-backed secured credit card that is easier to get even without income proof or credit history.
- No annual fee and joining fee can be avoided at higher FD amounts, making it close to lifetime free.
- Flat rewards on most everyday spends with simple cash redemption value per point.
- Instant virtual card after FD booking, enabling immediate online usage.
- Good starter option to build a credit score before applying for premium or unsecured credit cards.
Cons of SBM Paisabazaar Step Up VISA Credit Card
- No welcome bonus, milestone benefits or category-accelerated rewards for travel, dining or shopping.
- Fixed deposit is locked with the bank, which reduces your immediate liquidity.
- No complimentary lounge access, insurance cover or premium lifestyle benefits.
- No reward points on fuel, rent payments, wallet loads, utilities, insurance and EMI transactions.
- Card is currently not open for fresh applications as per latest issuer communication; existing users can continue using benefits.
Frequently Asked Questions about SBM Paisabazaar Step Up VISA Credit Card
Is SBM Paisabazaar Step Up VISA Credit Card lifetime free?
Yes, there is no annual or renewal fee on the SBM Paisabazaar Step Up VISA Credit Card. A one-time joining fee is charged based on your FD amount, but for FDs above ₹5,000 the joining fee is currently nil.
How much fixed deposit is required for the Step Up credit card?
You must open an SBM fixed deposit of at least ₹2,000 via the Paisabazaar app or website in your own name. The card’s credit limit is generally up to 90% of the FD amount, as per bank policy.
What rewards do I earn on SBM Paisabazaar Step Up VISA Credit Card?
You earn 1 Reward Point for every ₹100 spent on most retail transactions, excluding fuel, wallet loads, rent, utilities, insurance, cash advances and EMIs. Each point is worth ₹0.25 when redeemed as statement credit through the Paisabazaar app.
Does this card offer lounge access or travel benefits?
No, SBM Paisabazaar Step Up VISA Credit Card does not provide complimentary airport lounge access or premium travel benefits. It is primarily designed as a simple, entry-level secured card to help build your credit score.
Can I apply for the Step Up credit card without income proof or credit score?
Yes. As this is an FD-backed secured credit card, the bank does not require income proof or an existing credit score. Your FD acts as collateral, making it suitable for students, homemakers and new-to-credit users.
How do I apply for SBM Paisabazaar Step Up VISA Credit Card?
You can apply digitally by opening an FD with SBM Bank via the Paisabazaar app or website, completing KYC and selecting the Step Up card during the journey. Once approved, an instant virtual card is issued and the physical card is dispatched in a few days. However, as per latest updates, new applications may currently be paused.
How are Step Up credit card bills generated and paid?
A monthly statement is generated with your total due, minimum amount due and due date. You can pay via net banking, UPI, IMPS, NEFT or other supported channels. Paying in full by the due date helps you avoid finance charges and steadily improve your credit score.
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