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| Key Highlights of Step UP Credit Card | |
| Card type | Secured |
| Issuer | SBM Bank (India) Ltd. with Paisabazaar as co-branded partner |
| Payment Network | Rupay |
| Best suited for |
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| Joining fee |
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| Renewal fee | Nil |
| Interest free period | 20 to 50 days |
| Credit limit | 90% of the FD amount |
| Serviceable location | Across India |
| Key Features |
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| Reward points | Earn 1 reward point on every Rs. 100 spent |
| Redemption of Reward points | Reward points can be adjusted against credit card bill (1 Reward Point = 25p.) |
| Offers and discounts from Rupay partner brands | Attractive offers and discounts from top brands like Zomato, Swiggy, Nykaa, BookMyShow, Big Basket, Lifestyle, Yatra, Croma, Reliance Digital and many more. Check Latest Offers |
Earn 6.5% p.a. on your FD & Get a lifetime free Step Up Credit Card
Card limit is 90% of FD Amount
Instant Virtual Card
6.5%INTEREST ON FD
| Key Highlights of SBM Fixed Deposit | |
| Interest Rate | 6.5%* p.a. |
| Tenure | 390 days (auto-renewal) |
| Min. deposit amount | Rs. 2,000 |
| Max. deposit amount | Rs. 60,000 (Initially at the time availing the card) Top up till Rs. 95,000 |
| Pre-mature withdrawal facility | Yes |
| Deposit Insurance Cover | Available |
*The fixed deposit interest rates are subject to change without prior notice.
Suggested Read: Best Lifetime Free Credit Cards
Looking for Higher FD rates? Book an FD @6.5% p.a. and get a lifetime free credit card
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
Step UP Credit Card: Features & Benefits
- Instant virtual credit card – Start using your credit card instantly without having to wait for the physical card to arrive.
- Universal eligibility – From students to homemakers to self-employed individuals, all Indian residents are eligible for Step UP credit card.
- 90% FD amount as credit limit – No need to break your fixed deposit(s) as your card’s credit limit will be equal to 90% of your total deposit amount.
- Reward points – Earn 1 reward point on every Rs 100 spent (reward rate = 0.25%). Also, you can redeem your points in your current month’s statement.
- No annual fee – From the second year onwards, you don’t have to pay the renewal charges.
- Builds credit history – The credit card helps individuals in building or improving their credit scores.
Know how Step UP Credit Card helps in building or improving your credit score.
- Contactless payment solution – Right from applying for the credit card to making purchases using virtual card details – users can do it all digitally from anywhere.
- No hassles – No hassles of opening a savings bank account.
- Increase your credit card limit anytime – Cardholders can deposit more and increase their initial credit card limit till Rs 95,000.
- Control your daily spends – Set sub-limit on your spends at online and POS and ATM withdrawals.
- No paperwork required – Except your Aadhaar Card and PAN details, there are no documents required to apply for this credit card.
- Offers and discounts – Get attractive offers & discounts on your Step UP Credit Card at partner merchants like Big Basket, BookMyShow, Swiggy, Yatra, Croma, etc.
SBM Fixed Deposit: Features & Benefits
- High FD interest rates
Earn interest on your SBM Bank FD(s) at 6.5% p.a. (one of the highest FD rates for 390 days tenure).
- 100% secure
Fixed deposits of up to Rs 5 lakh insured by depositor insurance program of DICGC, an RBI subsidiary.
- Affordable deposit amount
Minimum deposit required by other lenders usually varies from Rs. 10,000 to Rs. 20,000. For this credit card, you need a minimum deposit of only Rs. 2,000.
- No lock-in period
Users can withdraw their fixed deposit amount anytime; however, this will also close their Step UP credit card.
Check out SBM fixed deposit benefits in detail.