Credit Card Comparisons
SBM ZET Credit Card
FD-backed RuPay credit card with 100% approval and no income proof
Joining Fee
Free
One-time upfrontAnnual Fee
Free
Lifetime Free — no renewal feeBase Rewards
1 ZET Coin per ₹100 spent (0.50% return)
On eligible spendsForex Markup
2.49% + GST
Cross-currency spendsLast verified 27 Oct 2026
Why Consider This Card?
Objective editorial assessment, ideal spender profile, and primary trade-offs
Editorial Verdict
Fixed deposit backed credit card issued by SBM Bank India in partnership with ZET (Enterscale Solutions), featuring a low ₹2,000 minimum deposit and 90% credit limit.
Rewards & Cashback Structure
Base earning rates, partner merchant acceleration, redemption options, and exclusions
- Reward Program Name
- SBM ZET Coin Rewards
- Reward Currency
- ZET Coins
- Base Earn Rate
- 1 ZET Coin per ₹100 spent (0.50% return)
- Point Value (INR)
- ₹0.5000 per point
- Redemption Channels
- Refer to bank rewards portal
- Reward Point Expiry
- Refer to bank rewards program terms
Category Accelerated Earn RatesPublished Terms
| Spend Category | Earn Rate | Reward Cap | Conditions |
|---|---|---|---|
| All Retail Spends | 1 ZET Coin per ₹100 spent (~0.50% return) | No Cap | Standard terms apply |
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Estimate Your Custom Monthly Rewards
Calculate estimated net cashback and points across your actual spending pattern.
Reward Exclusions: Fuel transactions, wallet loading, cash withdrawals, rent payments, educational payments, and government services are generally excluded from base and accelerated reward point accrual across all Indian card issuers.
Reward Calculator
Estimate Your Annual Rewards
Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.
Verified Rates & Caps
Quick Select:
Total Monthly Spend:₹30,000 / month
₹5,000 / mo₹1 lakh / mo₹2 lakh / mo
Category Spend Allocation
Customize monthly spend in each category. Category amounts sum directly to your monthly spend.
All Retail Spends0.50%
No published cap
₹
Excluded / Non-Reward Spends0%
Fuel, rent, wallet, govt, cash
₹
| Category / Reward Bucket | Monthly Spend | Rate | Effective Rate | Cap Period | Eligible Reward | Cap Status |
|---|---|---|---|---|---|---|
| All Retail Spends | ₹30,000 | 1 ZET Coin per ₹100 spent (~0.50% return) | — | None | Calculating... | Under cap |
| Total Monthly Cashback | ₹30,000 | - | — | - | ₹0 / mo | Zero cap loss |
Annual Spends
₹3.6 lakh
12 billing cyclesAnnual Capped Rewards
₹0
0% blended returnEffective Fee
₹0
Standard renewalNet Annual Value
+₹0 / yr
Rewards - Fee*Calculation based on verified card reward rates, applicable monthly caps, and fee-waiver thresholds (fee waived).
Multi-card comparatorAirport Lounge Access
Domestic and international lounge privileges, spend hurdles, and participating terminals
No Airport Lounge Access Included
This card is tailored primarily for shopping rewards, cashback, or specific co-branded spend and does not include complimentary airport lounge visits.
Fees & Charges
Complete breakdown of joining, renewal, forex, financing APR, and transaction charges
1. Card Membership Fees
- Joining Fee (1st Year)
- Free
- Annual / Renewal Fee (2nd Year Onwards)
- Free
- Annual Spend Fee Waiver
- Lifetime Free — no renewal fee
- Fee Terms Notes
- Unconditionally Lifetime Free. ₹499 early exit fee applies if FD is closed within 2 years.
2. International Spends
- Foreign Currency Markup (Forex)
- 2.49% + GST
- Dynamic Currency Conversion (DCC)
- Standard 1% mark-up on cross-currency INR transactions where applicable
3. Borrowing & Financing
- Monthly Interest Rate (Finance Charges)
- Refer to official schedule of charges
- Annualized Interest Rate (APR)
- Refer to official schedule of charges
- Cash Advance / ATM Withdrawal Fee
- Refer to official schedule of charges
- Interest-Free Period
- Up to 50 Days
4. Other Charges & Taxes
- Late Payment Charges
- 5% of outstanding balance (minimum ₹50, maximum ₹1,000)
Regulatory Tax Notice: Goods and Services Tax (GST) of 18% is applicable on all card fees, interest charges, and milestone fees as mandated by the Government of India.
Is the Annual Fee Worth It?
Evaluate whether this card's perks and waiver threshold justify its Free renewal fee.
Eligibility & Application Requirements
Income criteria, minimum age, CIBIL score benchmark, and verification checklist
Eligibility criteria not specified
Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.
Mandatory Verification Documents
1. Identity ProofPAN Card (Mandatory), Aadhaar Card, Passport, or Voter ID.
2. Address ProofAadhaar (DigiLocker), Utility Bill (Electricity/Piped Gas), or Rental Agreement.
3. Income ProofLatest 3 months salary slips, Form 16, or latest 2 years ITR computation.
Frequently Asked Questions
Common questions regarding SBM ZET Credit Card application, fees, reward redemption, and eligibility
What is the joining and annual renewal fee for SBM ZET Credit Card?
The joining fee for SBM ZET Credit Card is Free (one-time), and the annual renewal fee is Free from the second year onwards. GST of 18% is applicable on all fee charges.
Can the annual fee on SBM ZET Credit Card be waived?
SBM ZET Credit Card is a Lifetime Free credit card with no annual renewal fee, so no spend-based waiver is required.
What are the primary rewards and cashback earn rates on SBM ZET Credit Card?
SBM ZET Credit Card offers 1 ZET Coin per ₹100 spent (0.50% return). Cardholders also enjoy accelerated reward rates on partner merchants and selected digital spend categories.
Does SBM ZET Credit Card offer complimentary airport lounge access?
No, SBM ZET Credit Card is designed for daily retail, cashback, or UPI spend and does not currently include complimentary airport lounge visits.
What is the minimum eligibility criteria and CIBIL score required for SBM ZET Credit Card?
Verified eligibility criteria are not currently available for SBM ZET Credit Card. Specific income thresholds and credit score requirements are determined by the card issuer during application processing. Check the issuer's latest terms before applying.
How do I apply for SBM ZET Credit Card online?
You can apply directly through the official SBM Bank India portal by clicking the Apply button on this page. Complete the paperless digital application, submit your Aadhaar and PAN details, and complete video KYC for quick dispatch.
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DIRECT BANK APPLICATION
Ready to Apply for SBM ZET Credit Card?
Direct online application on the official SBM Bank India portal with paperless verification.