Paisabazaar Step Up Credit Card

Paisabazaar has partnered with SBM Bank for a credit card against fixed deposit – Paisabazaar Step Up Credit Card. This card is designed especially to cater to the needs of an average salaried individual. The minimum FD amount is kept only at Rs. 12,000 thus making it quite affordable. This is a 100% pre-approved credit card and takes minutes to apply.

While the FD in the bank earns guaranteed interest, the Step Up card adds to the purchasing power of the depositor. Let’s look at its features.

Features of Paisabazaar Step Up Credit Card
The following are the prime features of the Step Up credit card:

100% pre-approved
Flexible credit limit (approx. 83% of FD amount)
Digitized application process – zero contact
Minimal joining fee of Rs. 500 in the 1st year
Guaranteed returns on FD (6.5%)
Helpful in building a strong credit score