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 | IDFC FIRST millennia credit card |
|---|---|---|
| Bank/provider | SBM Bank | IDFC bank |
| Joining fee | ₹0 | 0 |
| Renewal fee | ₹0 | 0 |
| Best for |
| Online shopping, dining, everyday spending, and lifestyle rewards |
| 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 | Earn reward points on every spend with accelerated rewards on select categories and merchants |
| Cashback | Cashback credited as ZET Coins, Coins redeemable as vouchers or cash redemption | Earn reward points on spending instead of direct cashback benefits |
| Lounge access | No Included airport lounge access mentioned for standard SBM ZET card | Included railway lounge access on eligible transactions |
| Fuel surcharge waiver | No major fuel surcharge waiver benefit highlighted publicly | 1% fuel surcharge waiver on eligible fuel transactions |
| Welcome benefit | Flat ₹750 reward when applied through Cashkaro | Enjoy welcome offers and bonus rewards on eligible card activation and spending |
| Annual fee waiver condition | Not applicable | No joining fee and no annual fee for lifetime |
| Eligibility |
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|
| Apply link | Apply Now | Apply Now |
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