SBM Paisabazaar Step-Up Credit Card
SBM Bank (India) · Open to apply
An entry-level card from SBM Bank and Paisabazaar, issued against a fixed deposit with SBM (from ₹2,000; limit 90% of the deposit). It pays 1 reward point per ₹100, redeemed at ₹0.25 a point in the Paisabazaar app, which is 0.25% back.
- Annual fee
- Lifetime free
- Joining fee
- None
- Base rate
- 1 reward point per ₹100: 1 Reward Points per ₹100 (about 0.25% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Earns nothing on
- No points on wallet loads, rent, fuel, utilities, insurance, cash and EMI
Where the sources disagree
- joining fee: The MITC (2026-10-29) lists nil joining fee for the Step-Up card; the KFS (2026-10-12) lists ₹500 + GST for a ₹2,000 deposit and ₹250 + GST for ₹5,000. We enter nil, the later and issuer-wide document, and describe the tiers in the fee note.
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)
- Paisabazaar Step-Up SBM Credit Card, Key Fact Statement (PDF of 2026-10-12) (Schedule of charges, the bank's own, read 6 Nov 2026)
- SBM Paisabazaar Step-Up reward structure (PDF of 2025-02-14) (Reward terms, the bank's own, read 6 Nov 2026)