Credit Card: You will get a credit card without credit score, you will only have to make an FD of Rs 2000, know the rules.

It is easy for employed people to get a credit card. But many times people with bad or no credit history have to face rejections. In such cases, a credit card linked to fixed deposit (FD) can come in handy.

It is easy for employed people to get a credit card. But people with bad or no credit history often face rejection. In such cases, a credit card linked to fixed deposit (FD) can be useful to you. This option is beneficial for people with low CIBIL credit scores who are facing difficulty in getting a traditional credit card. Guaranteed returns are available on the money deposited in FD and it also acts as a guarantee for secured credit cards. Using a secured credit card can help individuals increase their CIBIL/credit score and build a credit history.

Different banks have different minimum balance required to open FD for secured credit cards. Today we are offering a credit card option which you can avail with an FD of Rs 2,000. This is called a step-up credit card.

Step Up Credit Card

Step Up Credit Card is a secured credit card offered by SBM Bank (India) Limited, with Paisabazaar as the co-branded partner. This card can be purchased against FD opened in SBM Bank. Apart from this, users get annual interest at the rate of 6.50 percent on their FD. This credit card is best for those who are not able to get a credit card due to their credit history or area.

Here are some features of Step Up Credit Card

Flexible Credit Limit

• You can apply digitally with zero contact, there is no charge for this. You do not have to pay any joining fee but you have to pay Rs 200 out of Rs 2000 for Afeni FD.
• There is no charge for renewal.
• Will help in building credit score.

Eligibility

In India, banks give credit cards in lieu of FD but only to those people who have money. To some, banks do not provide this service at all.

They will not get service

• Hindu Undivided Family (HUF)
• Minor (under 18 years)
• foreign nationals
• third party
• Partnership Firm or Society
• Society

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