SBM Bank
Paisabazaar Paisa+ Credit Card
SimplifyCards take:A good fit if you want a card built for secured card, UPI, and online spends, and you want your rewards as simple, no-tracking cashback
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Best for simple cashbackBest for
1.5% cashback on online spends (for FDs above ₹10,000; 1% for FDs below ₹10,000) on online spends, auto-credited with no points to manage
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Avoid for heavy international useWatch out
A 3.5% forex markup is on the higher side for overseas spends
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Good fit if you want a card built for secured card, UPI, and online spends, and you want your rewards as simple, no-tracking cashbackBottom line
It offers accelerated rewards on online spends
Estimate your Cashback
Adjust your monthly spend to see the card's estimated annual value
How the card works
Cashback rates
| Category | Rate | Monthly cap |
|---|---|---|
| Online Spends | 1.5% cashback on online spends (for FDs above ₹10,000; 1% for FDs below ₹10,000) | 3,000 Cashback |
| Offline Retail Spends | 1% cashback on offline spends | 3,000 Cashback |
| UPI Spends | 1% cashback on eligible UPI transactions of ₹2,000 and above | 3,000 Cashback |
Redemption
Statement balanceupto ₹ 1 per point
Important conditions
1
Fee waiverRenewal fee waived on annual spends of ₹ 50,000
Benefits and fine print
Welcome, renewal, and other listed benefits
Additional benefits
- Earn FD interest rate up to 7% per annum on the linked fixed deposit
- 100% guaranteed approval with no credit score or income proof required
- Build or improve your credit history by making timely card payments
Additional details
- Cashback is credited as Cash Points where 1 Cash Point = ₹1
- Minimum transaction value of ₹2,000 is required for UPI spends to earn cashback
- A combined daily cap of 500 Cash Points and monthly cap of 3,000 Cash Points applies on cashback accrual
- Minimum redemption threshold of 500 Cash Points applies
- Accumulated Cash Points expire 1 year from the date of earning
- Late Payment Charges: Nil for due < ₹100, ₹100 for due ₹100-500, ₹500 for due ₹501-5,000, ₹600 for due ₹5,001-10,000, ₹750 for due ₹10,001-25,000, ₹950 for due ₹25,001-50,000, ₹1,000 for due > ₹50,000
Eligibility
Check this before you apply
Salaried
- Age: 18 years and above
- Minimum Fixed Deposit: ₹2,000
Self-employed
- Age: 18 years and above
- Minimum Fixed Deposit: ₹2,000
Exclusions
Spending that does not earn cashback
- Fuel spends
- EMI transactions
- Wallet loading transactions
- ATM withdrawals and cash advances
- Purchase of gold or jewellery
- Rent payments
- Utility bill payments
- Educational institution payments
- Government spends
- Gambling, games, and lottery transactions
Compare before you decide
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