What Is Step Up Credit Card?
Step Up Credit Card is issued by Paisabazaar in association with SBM Bank India Limited. This is a type of secured credit card. This card is issued against the fixed deposit opened with SBM Bank i.e. this credit card is issued by pledging the money you deposit in the form of fixed deposit.
This type of credit card is very useful for people who have low or no credit score. A person is denied a credit card due to having a bad credit score. But with the Step Up card, you can enjoy the benefits of a credit card based on your fixed deposit, even if you have a bad credit score.
You can earn interest up to 6.40% per annum on fixed deposits in Step Up Credit Card. Apart from this, there are many benefits of this credit card which we will discuss in detail below.
Step Up Credit Card Features And Benefits
Features and benefits of Step UP Credit Card are as follows-
- Virtual Credit Card:
Once the Step Up Credit Card application is approved, a virtual credit card is issued to you. You do not have to wait for your physical credit card to arrive. You can start using your credit card immediately by getting a virtual credit card.
Almost everyone can apply for this card. Any Indian resident is eligible to apply for a Step Up Credit Card.
- Credit Limit:
Your credit limit in the Step Up Credit Card depends on the fixed deposit. The more Fixed Deposits you make, the more credit limit you will get. Through this you can make a fixed deposit up to Rs. 1 lakh. Hence you can get a credit limit of up to Rs.1 lakh.
- Reward Points :
You are provided with the benefit of reward points on the use of Step Up Credit Card. You get one reward point for every ₹100 spent through this credit card. These reward points can be easily redeemed later.
- Joining & Annual Fee:
You do not have to pay any joining fee or annual fee to avail the Step Up Credit Card. The joining fee on this is zero and you do not have to pay any fee every year even in the form of annual fee.
- Credit History:
You can improve your credit history with the help of this credit card. You can improve your credit history by paying your credit card bills on time.
- Contactless Payment:
This credit card allows you to make contactless payments. Through this you can easily make payment without physically using your credit card i.e. without swiping.
- Card Details:
You can easily access your credit card details digitally anytime and from anywhere and get information about all your expenses.
- Easy Process:
The process to obtain the Step Up Credit Card is quite easy. For this there is no hassle of opening any kind of bank account.
- Increase Credit Card Limit Anytime:
You can increase your credit card limit anytime. The higher the Fixed Deposit you make, the higher the credit limit you can avail. You can increase your credit card limit up to ₹1 lakh.
- Control over your daily expenses:
You can also keep control over your daily expenses with this credit card. For this, you can set a sub-limit after which you can stop using your credit card.
The process of applying for a Step Up Credit Card is paperless. You do not need to physically submit any kind of documents for this.
- Offers and Discounts:
The Step Up Credit Card entitles you to offers and discounts at partner merchants such as Big Basket, Bookmyshow, Swiggy, Yatra, Croma etc. You can increase your shopping savings through this.
- Higher FD Interest Rates:
You get the maximum rate of interest on the money you deposit as a fixed deposit with the Step Up Credit Card. Now through this you can get interest at the rate of 6.40% per annum.
Step Up Credit Card Charges
Step UP Credit Card Charges are as follows-
- Joining fee- Nil
- Renewal fee- Nil
Step Up Credit Card Limit
The credit limit of the Step Up Credit Card depends on the amount of money deposited as a tenure deposit. You can deposit a maximum amount of up to ₹1 lakh as a fixed deposit for your Step Up Credit Card.
If you make a fixed deposit of up to ₹1 lakh, you can avail a credit limit of up to ₹1 lakh through your Step Up Credit Card.
Thus, the credit limit of your Step Up Credit Card depends entirely on the money you deposit as a fixed deposit and can be up to a maximum of ₹1 lakh.
Step Up Credit Card Apply Online
If you want to apply for a step up credit card, then for this you have to visit the official website of Paisabazaar. You can easily apply for a Step Up Credit Card by visiting the official website of Paisabazaar.
Its application process is quite easy. All you need to do is follow the steps mentioned and you can easily apply for a Step Up Credit Card.
Step Up Credit Card Customer Care Number
If you have any kind of problem related to Step Up Credit Card or you have any kind of question in your mind, then you can get the solution to your problem and questions by calling the Step Up Credit Card customer care number.
You have to visit the official website of Paisabazaar for Step Up Credit Card customer care number. You can get the solution to any problem related to your Step Up Credit Card through the customer care number available there.