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SBM ZET Credit Card

This lifetime free card has no annual fees and offers exciting rewards. Enjoy up to 20% off on Swiggy, Zomato, and BookMyShow. Additionally, you get reward points worth 20% on Myntra, 8% on Flipkart, and 5% on Amazon. With a focus on safety, savings, simplicity, and strong rewards, the SBM ZET Credit Card is one of the quickest and easiest ways to build your credit score. The card is easy to apply for on the ZET mobile application and involves only four simple steps. First-time users looking for a secured line of credit to build a credit history and enjoy the perks of a credit card in their daily lives may find this card an ideal solution. The card is available in the RuPay variant and can be linked to UPI for convenience.

A minimum fixed deposit of ₹5,000 is required to obtain this secured credit card, and users receive a credit limit of 90% of their deposited amount. It is also recommended that the fixed deposit be three times an individual’s monthly expenses, which will help keep the credit utilisation to only 30%, thus building a stronger credit score.

Rewards:

  • 5% Rewards on Amazon
  • 8% Rewards on Flipkart
  • 20% Rewards on Myntra
  • Enjoy up to 15% Rewards on All Major Platforms

Keep reading to find out more about the FD-backed SBM ZET Credit Card.

SBM ZET Credit Card

( 4.5 / 5 )
SBM Bank ZET Credit Card
  • Joining FeeLifetime Free
  • Annual FeeLifetime Free
  • Best Suited ForDining, Shopping
  • Reward TypeZet Coins

Rewards Rate

Upto 15% Rewards on Voucher Transactions on ZET App. Flat 2% Rewards on UPI Transactions on ZET App (Coming Soon)

Welcome Benefits

N/A

Movie & Dining

Up to 20% off on Swiggy, Zomato, and BookMyShow

Rewards Rate

Upto 15% Rewards on Voucher Transactions on ZET App. Flat 2% Rewards on UPI Transactions on ZET App (Coming Soon)

Reward Redemption

Cash/Vouchers. 1 ZET Coin = ₹0.20 (for Cash Conversion). 1 ZET Coin = ₹0.25 (for Vouchers)

Travel

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

N/A

  • Spend-Based Waiver

    N/A

    Rewards Redemption Fee

    N/A

    Foreign Currency Markup

    2.49%

    Interest Rates

    3.5% Per Month or 42% Per Annum

    Fuel Surcharge Waiver

    N/A

    Cash Advance Charges

    3.5% of the Amount Withdrawn or ₹300 (Whichever is Higher)

    • The SBM ZET Credit Card is the quickest way to achieve a credit score of 750 or higher.
    • This credit card is backed by a Fixed Deposit (FD) – Simply book a Fixed Deposit with SBM Bank to receive a secured credit card. Your deposit is completely safe and insured by the Reserve Bank of India.
    • No income proof is required. Anyone can apply without uploading salary slips or having an existing credit history.
    • The UPI-enabled RuPay Credit Card allows you to use your credit card across any UPI app.
    • In addition to the rewards, customers will get up to 20% Instant off on Swiggy, Zomato, Instamart, BookMyShow, and Abhibus on making their payment using the SBM ZET Credit Card.

    Rewards and Benefits

    The card offers 20% off on Swiggy, Zomato, and BookMyShow. Additionally, you earn reward points worth 20% on Myntra, 8% on Flipkart, and 5% on Amazon, making it ideal for users seeking their first credit card.

    SBM ZET Credit Card Features and Benefits

    The card comes with a few features and benefits, making it ideal, especially for users looking to get their first-ever credit card. Take a look at the following features the card exhibits.

    Lifetime Free and Easy Application Process

    The card is offered as lifetime free, and applying for it involves a few easy steps on the ZET mobile app. You only need to log in using your phone number and enter your PAN, after which your credit details will be fetched, allowing you to proceed. The entire process consists of four easy steps.

    Earn Interest on Fixed Deposits Up to 7%

    Users can avail themselves of up to 7% interest on their SBM Bank Fixed Deposit.

    Low Forex Charge

    Unlike all other entry-level credit cards in the market right now, this card offers a low forex fee of 2.4%, allowing users to shop internationally at a low markup as and when required.

    Quick Credit Building

    Since this is a secured credit card, it is one of the best ways to build a credit history for users who already don’t have one.

    Link with UPI

    Since this card comes in a RuPay variant, you can easily connect it to popular UPI apps like Google Pay, PhonePe, or Paytm. This makes it easy to use your credit card for everyday purchases, just like you use UPI now.

    Bottom Line

    The SBM ZET Credit Card is a great option if you’re looking for a simple, no-fee credit card with valuable benefits. From shopping and lifestyle discounts to easy UPI payments and the ability to earn interest on your deposit, it offers a lot for first-time users. Plus, it helps you build your credit score quickly and safely. If you want a hassle-free card that gives you both rewards and flexibility, the SBM ZET Credit Card is worth considering as your first-ever credit card.

    FAQs:

    The minimum FD required for the SBM ZET Credit Card is ₹5,000.

    Yes, one can easily link their RuPay SBM ZET Credit Card to the UPI application of their choice and start making payments.

    If you withdraw your fixed deposit from SBM Bank before maturity, a fee of 1% will apply. Additionally, if you cancel your card within the first six months, there will be a penalty of ₹499.

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