SBM Paisabazaar Paisa+ Credit Card
Fees and application requirements
- Joining fee
- No joining fee
- Annual / renewal fee
- ₹499 + GST (waived on ₹50,000 eligible annual spend)
- Card network
- RuPay
- Availability
- Subject to issuer availability, eligibility and approval.
- Security requirement
- Fixed deposit or other issuer-specified security required; check deposit and closure conditions.
Read the complete fee wording: spend-based waivers and promotional offers have conditions. The issuer’s current application terms take precedence.
SBM Bank India · Checked 2026-10-29
A secured RuPay card distributed by Paisabazaar with a small minimum deposit and a conditional annual fee waiver.
CardIQ editorial view
Our take
A secured RuPay card distributed by Paisabazaar with a small minimum deposit and a conditional annual fee waiver.
Who it suits
- People comfortable locking a fixed deposit to obtain a secured credit card.
Key strengths
- FD-backed RuPay card with CashPoints on eligible online, offline and UPI purchases
Trade-offs to understand
- The fixed deposit remains security for the card and early cancellation carries a fee.
- The annual fee and reward conditions need to be considered alongside the deposit.
CardIQ verdict
Compare the deposit commitment and achievable fee waiver with other secured cards before opening the FD.
This CardIQ editorial assessment is maintained separately from issuer facts and commercial links. CardIQ may earn a commission from some applications. Verify current terms before applying.
Benefits, limits and conditions
- Requires a fixed deposit from ₹2,000; the issuer KFS specifies a credit limit of 90% of the FD amount.
- Online rewards depend on the FD slab; UPI rewards have a monthly spending condition. Check the linked reward structure.
- Annual fee waiver requires ₹50,000 spend before renewal; cancellation within six months costs ₹499 + GST.
Sources
- Issuer source 1: www.paisabazaar.com
- Issuer source 2: www.sbm.bank.in
- Issuer source 3: www.sbm.bank.in
- Issuer source 4: www.sbm.bank.in