SBM Paisabazaar Paisa+ Credit Card
SBM Bank (India) · Open to apply
A cashback card from SBM Bank and Paisabazaar, issued against a fixed deposit with SBM (limit 90% of the deposit). It pays cash points worth ₹1 each: 1% on spends, 1.5% on online spends with a deposit of ₹10,000 or more, up to 3,000 points a month, adjusted against the card bill.
- Annual fee
- ₹499 + GST a year
- Joining fee
- None
- Fee waiver
- Annual fee waived on ₹50,000 spend per card year
- Base rate
- 1% on all other spends (2 cash points per ₹200): 2 Cash Points per ₹200 (about 1% at cash value)
- Lounges
- None on record
- Forex markup
- 0%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 1.5% on online spends with a deposit of ₹10,000 or more: 1.5% in Cash Points (about 1.5% at cash value)
Earns nothing on
- No points on fuel, EMI, wallet loads, cash, jewellery, rent, utilities, education, government and gambling
Where the sources disagree
- joining and annual fee: The reward note (2026-04-30) says nil joining and nil annual fee for deposits of ₹5,000 and above; the KFS (2026-10-12) and MITC (2026-10-29) say ₹499 + GST a year, waived at ₹50,000 of annual spends. We use the later KFS and MITC.
Terms the calculator does not value
- Cost of the cash points is split 60% by Paisabazaar and 40% by SBM; Paisabazaar's app and SBM may change the programme.
Sources
- SBM Secured Credit Card MITC & Cardholder Member Agreement (PDF of 2026-10-29) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- SBM Paisa Bazaar Paisa+ Credit Card, Key Fact Statement (PDF of 2026-10-12) (Schedule of charges, the bank's own, read 6 Nov 2026)
- Paisabazaar Paisa Plus, Rewards SOP (PDF of 2026-04-30) (Reward terms, the bank's own, read 6 Nov 2026)
- SBM Paisabazaar Paisa+ launch (PickMyCard) (Third-party site, read 6 Nov 2026)