Paisabazaar stepup cc good to go?

[Akshat Rathore]

Hey I m looking for my first cc as I have no credit score rn, no credit history. So I need a rupay cc which I can connect on UPI for my ease. While spending by UPI my credit score will grow, not rapidly but still it's good to build it from scratch on slow pace. Is Paisabazaar stepup cc good option as a first or entry level cc, not for rewards, cashback, n all but for credit score to move from -1 and grow. If my cibil score will be high, so automatically I will be eligible for many other good cc but my main concern is will I be able to connect it on apps like gpay or phonepe, coz on gpay the sbm bank is not available in the list of rupay cc & on phonepe sbm bank india cc is mentioned which is quite confusing. Is it good move to get a stepup cc
Can anyone help about it?
Any info
Thanksin advance

 

[amitvicky]

I am not quite sure but seems like it is secured card, i.e. you have to open FD and limit will be 90% of the FD amount.
If that is the case, then I would recommend to get FD backed card from other bank, may be HDFC ( they have started FD backed cards recently).

PS - please go through YouTube for few videos to finalise your decision.

 

[sojupatil]

Try magnet or one card

 

[rjkmrdesai]

Magnet is really great. I have been using it for the last 8 months and no complaints so far. Started with no score and I am currently at 720

 

[RitamModak]

I personally using One card For 3 years. It is very good for beginners.

• Credit limit of 100% of your deposit:This means you can borrow up to the full amount of your fixed deposit, providing you with a significant line of credit.
  
  
• Interest earned on your deposit:Your fixed deposit continues to earn interest even while you use the credit card, allowing you to earn on your money.
  
  
• No annual or joining fees:OneCard waives the annual and joining fees for this card, saving you money.
  
  
• Virtual card for instant use:You can start using your OneCard virtually as soon as you apply, providing you with immediate access to credit.
  
  
• Convert purchases into EMIs:You can convert your purchases into installments with flexible tenures, making it easier to manage your expenses.
  
  
• Contactless payments:Enjoy the convenience of contactless payments for transactions up to INR 5,000 without entering your PIN.
  
  
• Add-on cards for family members:You can issue additional cards to family members, allowing them to use your credit limit while you maintain control over their spending.

Add-on Gift Cards:

OneCard offers a wide range of gift cards from popular brands and categories, allowing you to save on your purchases.


You can enjoy discounts of up to 10% on gift cards purchased through the OneCard app.



Additional benefits:

• Rewards and cashback: OneCard offers 1 reward points for every INR 50 spent on purchases across select categories. These points can be redeemed for cashback or other rewards. (1 reward point =0..25 Rupees)
• Easy management:You can manage your OneCard account and transactions through the convenient mobile app.

Important to note:

• The interest earned on your fixed deposit may vary depending on the bank and the tenure of your deposit. (I got 6.5%)

 

[Sam Maxi]

Hey I m looking for my first cc as I have no credit score rn, no credit history. So I need a rupay cc which I can connect on UPI for my ease. While spending by UPI my credit score will grow, not rapidly but still it's good to build it from scratch on slow pace. Is Paisabazaar stepup cc good option as a first or entry level cc, not for rewards, cashback, n all but for credit score to move from -1 and grow. If my cibil score will be high, so automatically I will be eligible for many other good cc but my main concern is will I be able to connect it on apps like gpay or phonepe, coz on gpay the sbm bank is not available in the list of rupay cc & on phonepe sbm bank india cc is mentioned which is quite confusing. Is it good move to get a stepup cc
Can anyone help about it?
Any info
Thanksin advance

I Personally Started my Credit Journey by Using this Method and this Card Specifically. I Got my Step Up CC on 19th June with no Credit Score/History. And On 22nd July my CIBIL score was Generated and the number was "782", so yeah, my Purpose for the Card was Fulfilled and I'm Happy with it.

But here Comes the Bad Thing. *Despite of being a Rupay Credit Card, Step Up CC can't be Linked with UPI apps and You Use it for UPI Payments* that being said, i personally use it for Fuel, Online Shopping, and Food Ordering and it does its Job.

Also Do Lemme Know If you Still Haven't started your Journey Yet, there are Better Cards Available Now

 

[sumanpal]

I Personally Started my Credit Journey by Using this Method and this Card Specifically. I Got my Step Up CC on 19th June with no Credit Score/History. And On 22nd July my CIBIL score was Generated and the number was "782", so yeah, my Purpose for the Card was Fulfilled and I'm Happy with it.

But here Comes the Bad Thing. *Despite of being a Rupay Credit Card, Step Up CC can't be Linked with UPI apps and You Use it for UPI Payments* that being said, i personally use it for Fuel, Online Shopping, and Food Ordering and it does its Job.

Also Do Lemme Know If you Still Haven't started your Journey Yet, there are Better Cards Available Now

It can be linked with apps supporting sbm bank credit card like supermoney, kiwi, phonepe etc.

 

[pruthiraj091]

I personally using One card For 3 years. It is very good for beginners.

• Credit limit of 100% of your deposit:This means you can borrow up to the full amount of your fixed deposit, providing you with a significant line of credit.
  
  
• Interest earned on your deposit:Your fixed deposit continues to earn interest even while you use the credit card, allowing you to earn on your money.
  
  
• No annual or joining fees:OneCard waives the annual and joining fees for this card, saving you money.
  
  
• Virtual card for instant use:You can start using your OneCard virtually as soon as you apply, providing you with immediate access to credit.
  
  
• Convert purchases into EMIs:You can convert your purchases into installments with flexible tenures, making it easier to manage your expenses.
  
  
• Contactless payments:Enjoy the convenience of contactless payments for transactions up to INR 5,000 without entering your PIN.
  
  
• Add-on cards for family members:You can issue additional cards to family members, allowing them to use your credit limit while you maintain control over their spending.

Add-on Gift Cards:

OneCard offers a wide range of gift cards from popular brands and categories, allowing you to save on your purchases.


You can enjoy discounts of up to 10% on gift cards purchased through the OneCard app.



Additional benefits:

• Rewards and cashback: OneCard offers 1 reward points for every INR 50 spent on purchases across select categories. These points can be redeemed for cashback or other rewards. (1 reward point =0..25 Rupees)
• Easy management:You can manage your OneCard account and transactions through the convenient mobile app.

Important to note:

• The interest earned on your fixed deposit may vary depending on the bank and the tenure of your deposit. (I got 6.5%)

I personally using One card For 3 years. It is very good for beginners.

• Credit limit of 100% of your deposit:This means you can borrow up to the full amount of your fixed deposit, providing you with a significant line of credit.
  
  
• Interest earned on your deposit:Your fixed deposit continues to earn interest even while you use the credit card, allowing you to earn on your money.
  
  
• No annual or joining fees:OneCard waives the annual and joining fees for this card, saving you money.
  
  
• Virtual card for instant use:You can start using your OneCard virtually as soon as you apply, providing you with immediate access to credit.
  
  
• Convert purchases into EMIs:You can convert your purchases into installments with flexible tenures, making it easier to manage your expenses.
  
  
• Contactless payments:Enjoy the convenience of contactless payments for transactions up to INR 5,000 without entering your PIN.
  
  
• Add-on cards for family members:You can issue additional cards to family members, allowing them to use your credit limit while you maintain control over their spending.

Add-on Gift Cards:

OneCard offers a wide range of gift cards from popular brands and categories, allowing you to save on your purchases.


You can enjoy discounts of up to 10% on gift cards purchased through the OneCard app.



Additional benefits:

• Rewards and cashback: OneCard offers 1 reward points for every INR 50 spent on purchases across select categories. These points can be redeemed for cashback or other rewards. (1 reward point =0..25 Rupees)
• Easy management:You can manage your OneCard account and transactions through the convenient mobile app.

Important to note:

• The interest earned on your fixed deposit may vary depending on the bank and the tenure of your deposit. (I got 6.5%)

But their issues of not providing new cards is fixed or not?

 

[Sam Maxi]

It can be linked with apps supporting sbm bank credit card like supermoney, kiwi, phonepe etc.

Sorry But Nope, it can't be Used for UPI Payments. I have Already Checked it with most of the UPI Apps. Attaching SS of Phonepe and Super Money.

 

[pruthiraj091]

Magnet is really great. I have been using it for the last 8 months and no complaints so far. Started with no score and I am currently at 720

How's your experience throughout the process like support and reliability!?
Also what's about the rewards claimed by the magnet card on different spends