SBM Bank India
SBM Bank Paisabazaar Paisa+ Credit Card
Best for new-to-credit, FD-backed, cashback
₹499/yr annual fee · 1.5x rewards
By FinWiz24 Research Desk · Last reviewed · How we review
FinWiz24 Research Desk
Verified independently against issuer Terms & Conditions
Editorial Team
Annual fee
₹499/yr
Reward rate
1.5x
Min. income
₹1,50,000
Forex markup
Not published
Lounge access
None
Eligibility
₹1.50 lakh/yr · CIBIL 600+
Reward cap
₹500/month
Welcome benefit
None beyond the reward rate
Who is this for
- New-to-credit
- Building credit history
- First-time cardholder
What we like
- FD-backed, low risk
- Up to 1.5% cashback
- No joining fee
Watch out for
- Rs 499 annual fee from year 2
- FD-locked funds
Issuer
Fees and charges
| Fee | Amount | Waiver |
|---|---|---|
| Joining fee | ₹0 | Not waivable |
| Annual fee | ₹499 | Waived from second year onwards on Rs 25,000 annual spend |
| Late payment | ₹300 | Not waivable |
Rewards
| Spend category | Rate | Cap | Redemption |
|---|---|---|---|
| ONLINE | 1.50 | ₹500/month | 1.00 |
| OFFLINE | 1.00 | — | 1.00 |
Benefits
-
FD-backed credit limit Highlight
Credit limit backed by Fixed Deposit (min Rs 2,000 FD; FD earns up to 7% p.a. interest)
-
Online cashback Highlight
Up to 1.5% cashback on online spends
-
UPI cashback
1% cashback on eligible UPI transactions
Eligibility
- Age
- 18–70 years
- Min. income
- ₹1,50,000
- Min. credit score
- 600+
- Score note
- Designed for new-to-credit users; no minimum score required for FD-backed cards
- Employment
- Salaried, self-employed, student
- Documents
- PAN, Aadhaar, FD receipt, address proof. Designed for new-to-credit consumers
SBM Bank Paisabazaar Paisa+ Credit Card is a RuPay FD-backed credit card co-issued by SBM Bank India and Paisabazaar, designed for new-to-credit consumers who want to build a credit history.
Fees and rewards
- Annual fee: Rs 499 (waived from year 2 on Rs 25,000 annual spend)
- Joining fee: Nil
- Rewards: Up to 1.5% on online; 1% on offline/UPI
Eligibility
PAN, Aadhaar, FD receipt (min Rs 2,000), address proof. Designed for new-to-credit.
Card data compiled from issuer published fee schedules. Status: active.
Apply for SBM Bank Paisabazaar Paisa+ Credit Card
Last reviewed · How we review
FinWiz24 may earn a commission from issuer links. Our editorial process is independent and unbiased.
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Frequently asked questions
Is the SBM Bank Paisabazaar Paisa+ Credit Card worth it?
What is the annual fee for the SBM Bank Paisabazaar Paisa+ Credit Card?
How does the SBM Bank Paisabazaar Paisa+ Credit Card reward rate work?
What are the eligibility requirements for the SBM Bank Paisabazaar Paisa+ Credit Card?
Does the SBM Bank Paisabazaar Paisa+ Credit Card offer airport lounge access?
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Disclaimer: Card details are based on publicly available issuer schedule of charges. Eligibility and approval are at the issuer’s sole discretion. FinWiz24 does not guarantee card approval or specific terms. Always read the issuer’s terms and conditions before applying.
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