Apply the Step Up Credit Card SBM Paisabazaar 

Enjoy the security of credit with the earning power of safe deposit with the Step Up Credit card. Learn more.

The Step Up Credit Card SBM Paisabazaar offers an innovative approach, allowing customers to access credit and start building their payment history responsibly and sustainably. By using the card with discipline and efficiency, consumers demonstrate to creditors their ability to manage credit obligations responsibly, which, in turn, positively impacts their Credit Score.

The card is designed to provide initial credit with lower limits, but as the customer demonstrates good payment behavior, the financial institution gradually increases the credit limit, rewarding the trust shown by the customer. This is especially beneficial for young adults or individuals starting their financial journey, enabling them to build their credit history from the outset.

How Step Up Credit Card SBM Paisabazaar can be the solution you seek?

1. Build Your Credit Score: By maintaining a fixed deposit with high interest rates, you demonstrate financial responsibility, positively impacting your credit score and increasing your chances of obtaining future credit.

2. Flexible Funds: Whether it’s for emergencies, planned expenses, or a dream vacation, your fixed deposit serves as a safety net while giving you the freedom to use your credit card for your financial needs.

3. Customize Credit Limit: The deposit you choose determines your credit limit, allowing you to align it with your spending preferences and financial capacity.

4. High FD Interest: Earn attractive interest rates of 6.25% per annum on your fixed deposit, growing your savings over time.

5. Secured Deposits: Your fixed deposit is 100% secure, protected by the DICGC, providing you with confidence and peace of mind.

6. Accessibility & Flexibility: With a low minimum deposit requirement and no lock-in period, Step Up Credit Card offers convenience and financial freedom to users.

Maximizing Your Step Up Credit Card’s Credit Limit in 5 steps

The Step Up Credit Card offers a unique and empowering feature – a credit limit equal to 100% of your fixed deposit amount with SBM Bank. Here’s how you can make the most of this secure deposit function to unlock a world of financial opportunities.

Smart Financial Planning:Start by depositing a substantial amount into your SBM fixed deposit. The higher the deposit, the greater your credit limit, giving you more flexibility to manage expenses and seize investment opportunities.

Emergency Fund Backup: Your fixed deposit acts as an emergency fund. In unforeseen circumstances, if you need funds urgently, you can utilize the available credit limit while your deposit continues to earn interest.

Savings and Earnings: While you enjoy the convenience of credit, your fixed deposit continues to earn interest. This means you not only have access to credit but also earn attractive returns on your deposit simultaneously.

Qualification Requirements for Accessing the Step Up Credit Card

To get your hands on the Step Up Credit Card, there are a few simple qualification criteria you need to meet. Here’s what you need to become eligible for this credit-building gem:

1. Fixed Deposit with SBM Bank: The primary requirement is to open a fixed deposit with SBM Bank. The credit limit of the card is set at 100% of the fixed deposit amount, making it essential to have this deposit in place.

2. Credit Score Consideration: The Step Up Credit Card is specially designed for consumers with limited or low credit scores. So, don’t worry if you are new to credit or have faced credit challenges in the past.

3. Indian Resident Status: This credit card is exclusively available to Indian residents, including students, homemakers, and self-employed individuals.

4. Minimum Deposit Amount: Ensure that your fixed deposit with SBM Bank meets the minimum deposit requirement, making you eligible for the Step Up Credit Card.

How to Apply for the Step Up Credit Card

To apply for the Step Up Credit Card, start by opening a fixed deposit with SBM Bank, as the card’s credit limit is linked to this deposit. Once you have your deposit in place, visit Paisabazaar.com, a trusted platform for financial products, and navigate to the Step Up Credit Card application page. 

Fill in the required details, including your name, contact information, PAN, Aadhaar, and information about your SBM fixed deposit. The platform will assess your eligibility based on the fixed deposit and other criteria to ensure you meet the requirements. After submitting your application, it will be processed, and you may be asked for additional documents or information for verification purposes. 

Once the verification is successful, you will receive your Step Up Credit Card details, including a virtual card for instant use. Embrace the power of credit, and start making the most of your financial opportunities with the Step Up Credit Card’s credit-building benefits. Enjoy a secure and rewarding financial journey as you unlock the potential of this card.