Bad credit score, no tension, get credit card on FD of ₹ 2,000, you will also get 6.5% interest.

New Delhi. Getting a credit card for employers is not difficult. However, if the credit history is bad or there is no credit history, the credit card application may also be rejected. In such a situation, taking a credit card in lieu of fixed deposit (FD) is a better option for those who are unable to get a credit card due to bad CIBIL/credit score etc. Not only can you get guaranteed returns through fixed deposits, but you can also get secured credit cards. With the help of a secured credit card, you can improve your CIBIL/credit score and it helps in building a credit history.

The minimum amount required to generate FD for secured credit cards varies from bank to bank. Today we are going to tell you about a credit card that you can avail for just Rs 2000 FD. Actually, we are talking about Step UP Credit Card.

Also Read – If You’re Looking To Get Your First Credit Card, These 7 Cards Are Best, You Get Lots of Benefits for a Low Annual Fee

Step UP Credit Card is a co-branded credit card.
Step Up Credit Card is a secured credit card issued by SBM Bank (India) Limited, with Paisa Bazaar as the co-branded partner. This card is issued against FD opened in SBM Bank. Apart from this, customers also get interest on FD at the rate of 6.50% per annum.

Features of Step UP Credit Card-

• Card Type- Secured
• Issuer- SBM Bank (India) Limited
• Joining Fee – Nil (Rs 200 for FD of Rs 200)
• Renewal Fee – Nil
• Interest free period – 20 to 50 days
• Credit limit – 90 percent of fixed deposit
• Reward Point – 1 Reward Point for every Rs.100 spent (1 Reward Point = 25 paise)
• Interest rate on FD – 6.50 percent

Tags: Bank FD, credit card, FD Rates, Fixed Deposit