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SBM Bank
A secured card from a Rs. 2,000 fixed deposit, with no annual fee and a limit up to 90% of it
One-time
Zero renewal fee
Uncapped rewards
Standard approval
Applying takes you to SBM Bank. CredSpy does not process applications, and the ranking on this site is never influenced by commission.
Best for
Terms structured from published copy
1 reward rate with their caps, taken from SBM Bank’s own published wording rather than checked against its terms document. Verify before you rely on a figure.
Terms effective from 10 Oct 2026.
See where each figure came fromEverything else
No published ceiling on this tier
The issuer publishes no earning exclusions for this card All exclusions
Data-driven verdict based on net earnings after fees and caps.
Key strength
1% on Everything else — Redeemed through the Paisabazaar app at Rs. 0.25 a reward point., with no stated cap.
Biggest limitation
1 reward point per Rs. 100 at Rs. 0.25 a point is 0.25% back, low even against other entry cards.
Priced with caps, exclusions, and annual fee deducted live.
Monthly spending — ₹54,000
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Import a statement and this runs on your real spending instead of the sliders.
Click any drawer below to inspect fee schedules, lounge terms, reward multipliers, and exclusions.
Everything else the issuer publishes about this card. All of it is on this page and searchable — open only what you need.
1 pts
uncappedEverything else
Redeemed through the Paisabazaar app at Rs. 0.25 a reward point.
| Charge | Amount | Condition |
|---|---|---|
| Joining fee | Nil | — |
| Annual / renewal fee | Lifetime free | The issuer publishes no spend-based waiver for this card's annual fee. |
| Add-on card | The issuer publishes no separate add-on card fee for this card. | — |
| Cash withdrawal | 2.5% | 2.5% of cash withdrawn or ₹299, whichever is higher; interest on cash advance at 2.99%/month from date of withdrawal |
| Late payment | ₹499 flat per billing cycle (charged when Minimum Amount Due not paid by due date, per SBM KFS) | — |
| Foreign currency markup | 3.5% | — |
Interest only applies if a balance is carried past the due date. Paying in full each month costs nothing, and no reward rate on this card comes close to offsetting the interest if you do not.
Fees exclude GST unless stated. Charges can change — confirm against the issuer's current schedule before applying.
Year one
Rewards only
no welcome value is recorded
Every year after
No fee, ever
the rewards simply continue
This card carries no airport lounge access.
No fuel surcharge waiver is published for this card.
Linkable to UPI. A RuPay credit card can be linked to a UPI app; the issuer's own earning exclusions still apply to UPI spends.
We do not have welcome or milestone benefits recorded for this card. Check the issuer's page before relying on it.
Scored against these published criteria only. No bureau pull, and no approval guarantee — the issuer decides.
CredSpy never collects these. You submit them to the issuer during their own application.
No reviews yet
CredSpy publishes only reviews left by real cardholders. Nothing here is generated, bought or seeded — so this stays empty until someone who holds the card writes one.
| Card | Annual fee | Headline rate | Lounge |
|---|---|---|---|
| Paisabazaar Step-Up SBM Credit Card · this card | Lifetime free | 1% everything else | No |
| SBM MAGNET Credit Card | Lifetime free | See card | No |
| Suryoday SFB FD-Backed Credit Card | ₹177 | See card | No |
| IDFC FIRST Mayura Credit Card | ₹7,079 | Up to 10 reward points per ₹150 | Included |
| Indian Overseas Bank ZET FD Credit Card | Lifetime free | Up to 5% cashback | No |
Headline rates are not comparable on their own — each card caps and excludes differently. Run your own spending through the switch calculator to see which of these actually pays you more.
It is a lifetime-free card — there is no annual fee.
The strongest published rate is 1% on everything else, with no stated cap. The calculator above prices your own basket with every cap and exclusion applied.
No — airport lounge access is not offered on this card.
Yes. A RuPay credit card can be linked to a UPI app; the issuer's own earning exclusions still apply to UPI spends.
The issuer publishes no earning exclusions for this card The issuer publishes no earning exclusions for this card. The issuer publishes no excluded spend categories for this card.
Redeemed through the Paisabazaar app at Rs. 0.25 a reward point
You can apply online through our website by filling out the application form and uploading the required documents. You may also visit your nearest branch for in-person assistance.
Yes, you can request a limit increase through internet banking, mobile app, or by contacting customer care. Approval depends on your credit history and income. If you want, I can also create a more engaging, SEO-friendly FAQ section for your credit card website that boosts trust and conversions. Would you like me to prepare that next?
A late payment fee and interest will be charged. Missing payments can also impact your credit score.
Rs. 2,000, which is the lowest secured-card entry point in this catalogue — most ask for Rs. 10,000 or more. The credit limit is set at up to 90% of the deposit, so a Rs. 2,000 FD gives a limit of about Rs. 1,800. Small, but it is a real credit line reporting to the bureaus.
No annual fee at all, and a joining fee that scales with the deposit: Rs. 500 plus taxes at a Rs. 2,000 FD, Rs. 250 plus taxes at Rs. 5,000, and nil on a deposit above Rs. 5,000. So depositing a little more than Rs. 5,000 makes the card free to take and free to keep.
1 reward point per Rs. 100 spent, at a published value of Rs. 0.25 a point — so 0.25% back, redeemable through the Paisabazaar app. That is low even against other entry cards in this catalogue. The merit here is access and the published point value, not the rate.
Yes, at up to 6.5% a year. The FD is pledged against the card rather than spent, so the money stays yours and keeps earning while it secures the credit line. The lien is released when the card is closed and the dues are cleared.
Yes. A secured card reports to the credit bureaus exactly like an unsecured one, so paying in full and on time builds history on a thin or damaged file. For most holders that is the actual purpose of the card — the rewards are incidental.
For spending, often yes. But a small limit used and cleared every month reports the same clean repayment pattern as a large one, and bureau history is what the card is for. If you can afford a larger deposit it is worth doing — above Rs. 5,000 the joining fee disappears and the limit is more usable.
Secured cards all work the same way — a fixed deposit stands as the bank's security, so no credit score or income assessment is needed — and they differ mainly in how much money has to be locked up. Most in this catalogue ask for Rs. 10,000 or more, which is a real barrier for the applicant a secured card is meant to serve.
This one starts at Rs. 2,000. The credit limit is set at up to 90% of the deposit, so Rs. 2,000 buys a limit of about Rs. 1,800 — small, but a genuine credit line that reports to the bureaus every month. For somebody with no file at all, that is the difference between starting and not starting.
There is no annual fee on this card at any deposit level. The joining fee is the only charge and it scales down as the deposit goes up: Rs. 500 plus taxes at a Rs. 2,000 FD, Rs. 250 plus taxes at Rs. 5,000, and nil on any deposit above Rs. 5,000.
So Rs. 5,001 of deposit makes the card free to take and free to keep, with a limit of about Rs. 4,500 instead of Rs. 1,800. If the money can be spared, that is clearly the better version of the same card — and the deposit keeps earning up to 6.5% a year either way.
1 reward point per Rs. 100 at a published Rs. 0.25 a point is 0.25% back, and redemption runs only through the Paisabazaar app. That is low against almost everything else in this catalogue, including other free cards. The one thing in its favour is that the value is published — plenty of cards here do not say what a point is worth at all.
Judge the card on what it is for. A secured card reports to the credit bureaus exactly like an unsecured one, so twelve to twenty-four months of using a small limit and clearing it in full is what turns a thin file into an approvable one. After that, the cards paying 2% and 3% in this catalogue become available — and that is the step up the name is referring to.
Credit card fees, rewards and benefits change. Please verify the latest terms on the issuer's website before applying. CredSpy earns a commission on some applications; it never affects rankings or what is written here.
Paisabazaar Step-Up SBM Credit Card — 1% on everything else. No annual fee.