18/05/2021
14h21
More about the credit card
The summary of fees and features is in the table below.
| Joining Fee | Nil |
| Renewal Fee | Nil |
| Minimum fixed deposit account | Rs. 2,000 |
| Features | The credit limit is 100%7% interestNo annual fees20-50 days free from interestDigital control systemNo paperwork |
Suggestions for enhancing one’s credit history
The Paisabazaar StepUp Credit Card is suitable for people with no or bad credit. The following suggestions will help to improve history.
- Maintain a utilization ratio of less than 30%.
- Maintain a regular payment schedule.
- You can only apply for one card at a time.
- Choose a high FD if you want a low credit utilization ratio and a larger credit limit.
Disadvantages of the Paisabazaar StepUp Credit Card
The credit card has some drawbacks in addition to its appealing features.
- The annual interest fee of 40% is high.
- Surcharge fees on railway reservations and fuel purchases.
- The credit utilization ratio is directly proportional to credit growth.
- When card information leaks, fraudulent transactions occur.
- All services are subject to fees.
Card details
| Annuity | Nil |
| Card replacement | Rs. 100 |
| Interest | 7% |
| Minimum income | Rs. 2,00 |
Requirements on registration
- Valid email address
- Date of birth
- Identity (PAN number)
- Aadhar registered mobile number