SBM Bank
SBM ZET Credit Card
FD-backed RuPay credit card launched by ZET in partnership with SBM Bank India. Designed mainly for beginners, students, and users with low or no credit history. Offers UPI payments, cashback, and lifetime free membership.
Highlights
Main benefits
- Lifetime free credit card
- FD-backed secured approval
- UPI-enabled RuPay card
- No income proof needed
- Instant virtual card issuance
- Cashback on UPI spends
- Helps build credit score
- Up to 45 days interest-free period
- FD earns up to 7% annual interest
Fees
Fees and charges
Joining fee
₹0
Renewal fee
₹0
Annual fee waiver
Not applicable.
Who can apply
Eligibility
- Indian citizen
- Age 18+
- No credit history required
- No income proof required
- Minimum FD generally starts from ₹2,000–₹5,000 depending on source/app flow.
Checklist
Documents required
- PAN Card
- Aadhaar Card
- Aadhaar-linked mobile number
- Video KYC
- FD creation with SBM Bank
Process
How to apply
1. Download the ZET app
2. Register with mobile OTP
3. Complete PAN & Aadhaar verification
4. Create FD with SBM Bank
5. Complete video KYC
6. Activate instant virtual card
7. Physical card delivered later.
Value
Reward and cashback structure
Reward rate
2% cashback on UPI spends (with ZET Plus membership), 5% cashback on Amazon & Flipkart vouchers, Up to 15% cashback on 80+ partner brands.
Cashback
Cashback credited as ZET Coins, Coins redeemable as vouchers or cash redemption.
Good fit
Pros
- Easy approval for beginners
- Very low minimum FD requirement
- Good for improving credit history
- UPI payments supported
- No annual fee
- Instant digital issuance
- Cashback and voucher offers available
Watchouts
Cons
- Cashback system depends on ZET Coins
- Lounge access not included
- Rewards capped monthly
- Requires FD lien until closure
- Limited premium travel benefits
- Some cashback benefits require ZET Plus membership
Related
Related cards
Compare
Compare Cards
| Field | SBM ZET Credit Card | HDFC Diners Club Black METAL Credit Card |
|---|---|---|
| Bank/provider | SBM Bank | HDFC Bank |
| Joining fee | ₹0 | ₹10,000/- plus Applicable Taxes |
| Renewal fee | ₹0 | ₹10,000/- plus Applicable Taxes |
| Best for |
| Luxury travel, airport lounge access, and maximum reward points on high spending |
| Reward rate | 2% cashback on UPI spends (with ZET Plus membership), 5% cashback on Amazon & Flipkart vouchers, Up to 15% cashback on 80+ partner brands |
|
| Cashback | Cashback credited as ZET Coins, Coins redeemable as vouchers or cash redemption | Cashback redemption value: around ₹0.30 per point against statement balance |
| Lounge access | No Included airport lounge access mentioned for standard SBM ZET card | Unlimited lounge access to 1,300+ lounges in India and abroad for primary and add-on card members |
| Fuel surcharge waiver | No major fuel surcharge waiver benefit highlighted publicly | 1% waiver at fuel stations across India on transactions above ₹400, with a maximum waiver of ₹1,000 per statement cycle |
| Welcome benefit | Flat ₹750 reward when applied through Cashkaro | Annual memberships of Club Marriott, Amazon Prime and Swiggy One on 1.5 Lakh spends in first 90 days |
| Annual fee waiver condition | Not applicable | Spend ₹ 8 lakh in 12 Months and get Renewal Fee waived for next renewal year |
| Eligibility |
|
|
| Apply link | Apply | Apply |