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SBM ZET Credit Card
Cashback
Online Shopping
Discounts
Up to 20% off on leading platforms
Cashback
Up to 15% cashback on brand vouchers
Lifetime free
Zero annual fee charged for card
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About SBM ZET Credit Card
SBM ZET Credit Card is a co-branded credit card offered against an FD worth minimum Rs. 5,000. This FD-backed card is available on RuPay network and hence can be used to make UPI transactions by adding it to third-party UPI apps, like PhonePe, Google pay, CRED, and others. This card does not require any credit history, income proof or documentation and is thus suitable for beginners who are new to credit and wish to build their credit scores.
This secured credit card is lifetime free and offers instant discounts and cashback on popular brands and platforms spread across categories. In addition, cardholders also get up to 45-day interest-free credit period and up to 7% interest on SBM Bank FD against which this card is issued, thus adding to the overall savings. Read on to know more about SBM ZET Credit Card’s features and benefits.
Suggested Read: Best RuPay Credit Cards
Features & Benefits
Discount Benefits
- Up to 20% off on top brands, including Swiggy, Instamart, Zomato and BookMyShow
Cashback on Brand Vouchers
- 5% cashback on Amazon and Flipkart vouchers
- Up to 15% cashback on 80+ brands and platforms, like Dominos, PVR, Nykaa, Cleartrip, etc.
FD Interest
- Up to 7% interest on SBM Bank fixed deposit
UPI Transactions:
- RuPay credit card which can be used for UPI transactions1
How to Apply for ZET Credit Card
With 100% approval rate, the application process for this SBM Bank Credit Card is digital and quite hassle-free through Paisabazaar or ZET app as given below:
Step 1: Click here to start your application on ZET app.
Step 2: Enter your mobile number and verify through OTP.
Step 3: Enter PAN and Aadhaar card details and verify.
Step 4: Select the FD amount of Rs. 5,000 or more, verify bank account details and pay to create an FD.
Step 5: Complete application by entering address, income, nominee details etc. and video KYC (vKYC).
Step 6: Click on ‘activate virtual card’ and verify with OTP.
While the virtual card is available instantly, the physical card is generally delivered to your communication address within 7 days of application.
SBM ZET Credit Card: Fees & Charges
| Particulars | Amount |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil |
| Finance Charges | 3.5% per month (42% per annum) |
| Late Payment Fee | Rs. 299 + GST |
Things to Know Before you apply
Get This Card If:
You are new to credit and are beginning your credit journey or have low credit score
You are looking for a RuPay credit card for your UPI transactions
You prefer a card that offers cashback or discount on leading brands and platforms
Paisabazaar Review
What do we like about this card?
SBM ZET Credit Card is a secured RuPay credit card whose virtual variant is instantly available for usage. It offers significant savings in the form of cashback and discounts on popular brands like Amazon, Flipkart, Nykaa, BookMyShow, Zomato, Cleartrip, etc. Offered at zero joining and annual charges, this card also comes with up to 7% interest on the associated FD amount. Furthermore, it also helps in building a credit history and score for those who are new to credit or have a low credit score.
Pros
- Up to 20% off on Swiggy, Zomato and BookMyShow
- Up to 15% cashback on popular brands and platforms
- Up to 7% interest on FD amount
- Lifetime free RuPay credit card
- No documents required for application with instant virtual card
Cons
- No rewards on general card spends
- No accelerated benefits on any category spends, apart from select brands
Frequently Asked Questions
Everything you need to know about this credit card
No documents like income proof and others are required to apply for SBM ZET Credit Card application. However, you will have to provide PAN card and Aadhaar card details.
SBM ZET is offered as both virtual as well as physical card. You can get the virtual card instantly after completing the application process, though the latter can take around 7 days to be delivered to you.
You must create an SBM fixed deposit of Rs. 5,000 or more to be eligible for SBM ZET Credit Card.
Yes, since SBM ZET is a RuPay credit card, you can add it to any third-party UPI app of choice to make UPI transactions.
Yes, SBM ZET credit card has 100% approval rate and is offered to all - new to credit customers, those with low credit score and those who already have credit cards.
Footnotes
- Cardholders are expected to get reward earnings on UPI transactions soon in the future.
Click here to know More Terms and Conditions
Lepakshi Phogat
Lepakshi is a content writer specialising in personal finance and credit cards. She translates complex financial concepts into practical advice, helping readers make informed financial decisions. Whether it is helping them choose the right credit card or offering strategies to build their credit score, she writes to make personal finance less intimidating and more empowering.
