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SBM ZET Credit Card – Benefits, Fees & Eligibility

The SBM ZET Credit Card is an FD-backed, lifetime-free card designed for credit building, offering 100% guaranteed approval without income proof or credit history. It supports UPI payments and allows users to earn up to 7% interest on their linked Fixed Deposit. Ideal for first-time credit users or those aiming to improve their credit score, it provides exclusive discounts and brand vouchers. This card is a strong choice for financial growth and credit diversification.
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Is the SBM ZET Credit Card Right for You?

A quick look at who this card is best for, key costs, and things to consider.

The SBM ZET Credit Card is best suited for users who prioritize Shopping. With a joining fee of Nil and a renewal fee of Nil, this card offers free entry for new applicants. It offers Reward Points & Cashback as its primary reward mechanism, with a rewards rate of Earn ZCoins from 1% to 100% and direct discounts from 2.5% to 10% on transactions..

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Last updated: 16 March 2026

Key Card Details

Joining Fee

Nil

Renewal Fee

Nil

Reward Type

Reward Points & Cashback

Notable Perks

Insurance Coverage

SBM Bank FD is insured up to ₹5 lakh by the DICGC under the DICGC Act 1961.

Things to Consider

Requires a Fixed Deposit as collateral, which might be a barrier for some users.

Specific reward categories and detailed redemption steps for ZCoins are not clearly outlined.

Does not offer specific travel, lounge access, or movie benefits.

Last updated: 16 March 2026

Benefits & Features

Explore key benefits designed to maximize your lifestyle

Rewards Rate

Earn ZCoins from 1% to 100% and direct discounts from 2.5% to 10% on transactions.

Reward Type

Reward Points & Cashback

Reward Redemption

Redeem ZCoins and discounts for vouchers from top brands like Amazon, Flipkart, and Myntra.

Insurance Coverage

SBM Bank FD is insured up to ₹5 lakh by the DICGC under the DICGC Act 1961.

Fees & Charges

Know the costs before applying to avoid surprises later

Joining Fee

Nil

Renewal Fee

Nil

Interest Rates

Enjoy a 45-day interest-free credit period on UPI payments.

Pros & Cons

Weigh the advantages and limitations

Pros

Key benefits and features of this card.

Great for credit building, 80% users see score improvement in 30 days.

Enjoy lifetime-free status with no joining or renewal fees ever.

Seamlessly make UPI payments across all apps, enhancing convenience.

Earn attractive interest rates of up to 7% on your linked Fixed Deposit.

Guaranteed 100% approval without needing income proof or credit history.

Cons

Key drawbacks and limitations of this card.

Requires a Fixed Deposit as collateral, which might be a barrier for some users.

Specific reward categories and detailed redemption steps for ZCoins are not clearly outlined.

Does not offer specific travel, lounge access, or movie benefits.

Detailed list of other charges requires referring to external SBM Bank documents.

Product Details

Comprehensive information about this credit card

FD-backed card with 100% guaranteed approval, no income/credit history needed.

Lifetime Free status with no joining or renewal fees ever.

Supports UPI payments for seamless transactions across all apps.

Instant virtual card activation within 10 minutes of approval.

Earn up to 7% interest on the linked SBM Bank Fixed Deposit.

FD is insured up to ₹5 lakh by DICGC under the DICGC Act 1961.

Fastest way to build a 750+ credit score, with 80% users improving in 30 days.

Offers exclusive discounts and vouchers from top brands like Amazon, Flipkart.

What matters, explained clearly

Detailed evaluation to help you make the right decision

Introduction

The SBM ZET Credit Card, issued by SBM Bank, is an FD-backed credit card designed primarily for individuals looking to build or improve their credit score. Positioned as an accessible entry-level card, it offers 100% guaranteed approval without requiring income proof or a credit history. Key differentiating benefits include its lifetime-free status, the ability to make UPI payments, instant virtual card activation, and the opportunity to earn up to 7% interest on the linked Fixed Deposit.

Fees

  • Joining Fee: Lifetime Free (No joining fee).
  • Renewal Fee: Lifetime Free (No renewal fee).
  • Interest Rates: Enjoy a 45-day interest-free credit period on UPI payments.
  • Other Charges: For a detailed list of charges, refer to SBM Bank’s official Fee & Charges Details document.

Rewards

  • General Rewards: Benefits worth over ₹21,000 and up to 20% off on top brand vouchers from Amazon, Flipkart, Myntra, and more.
  • ZCoins Rewards: Earn various ZCoins and discounts on transactions, including:
    • ZCoins: 1%, 2%, 5%, 7%, 8%, 12%, 16%, 20%, 32%, 40%, 50%, 100%.
    • Direct Discounts: 2.5% Off, 3% Off, 5% Off, 10% Off.
    • ZCoins Discounts: 4%, 16%, 32%, 100%.
  • Fixed Deposit Interest: Earn up to 7% interest on your SBM Bank Fixed Deposit.
  • UPI Rewards: UPI Rewards are coming soon.

Rewards Redemption Guide

  • The card offers ZCoins and discounts, along with vouchers from top brands like Amazon, Flipkart, and Myntra. Specific steps for ZCoin redemption are not detailed on the webpage.

Card Eligibility Criteria

  • Credit History: No credit history is needed.
  • Income Proof: No income proof is required.
  • Approval: 100% guaranteed approval.
  • Fixed Deposit Requirement: The card is backed by a Fixed Deposit (FD).
    • Minimum FD amount required is ₹2,000.
    • It is recommended to set your FD at least three times your monthly expenses to maintain credit utilization below 30% for a healthy credit score.

Card Review

The SBM ZET Credit Card is an excellent choice for individuals looking to establish or improve their credit score, especially first-time credit users or those with a low credit score who have been denied by other banks. It's also beneficial for existing credit card holders aiming to diversify their credit mix. The card's FD-backed nature ensures easy approval, and its lifetime-free status eliminates annual fees. Users have reported significant credit score improvements, with 80% seeing an improvement in just 30 days and some achieving a 755 score in 3 months. The ability to make UPI payments and earn interest on the FD are significant advantages. While specific reward categories for ZCoins are not detailed, the card offers a range of discounts and brand vouchers. The primary "con" is the requirement of a Fixed Deposit as collateral.

Important Product Details

  • Credit Building: Fastest way to a 750+ credit score, with 80% of users seeing improvement in 30 days.
  • Accessibility: 100% guaranteed approval, no income proof required, no credit history needed.
  • FD-Backed: Requires a Fixed Deposit starting at just ₹2,000.
  • Lifetime Free: No joining or renewal fees.
  • UPI Payments: Scan and pay seamlessly across all UPI apps. UPI credit card functionality is available.
  • Instant Virtual Card: Get instant approval and receive a virtual card within 10 minutes.
  • Interest-Free Period: Enjoy a 45-day interest-free credit period on UPI payments.
  • FD Interest: Earn up to 7% interest on your SBM Bank Fixed Deposit.
  • FD Insurance: Your SBM Bank FD is insured up to ₹5 lakh by the DICGC under the DICGC Act 1961.
  • Rewards: Exclusive discounts, benefits worth over ₹21,000, and up to 20% off on top brand vouchers.
  • Upcoming Feature: UPI Rewards are coming soon.

Other Details

  • Application Process:
    • Step 1: Start Application - Begin your application for the SBM ZET Credit Card.
    • Step 2: Book an FD - Open a Fixed Deposit to start the application process.
    • Step 3: Complete VKYC - Provide your basic details and complete video KYC.
    • Step 4: Activate Virtual Card - Get instant approval and receive your virtual card within 10 minutes.
  • Issuing Bank (SBM Bank India):
    • One of the fastest-growing banks in India.
    • Serves over 50 lakh customers in India.
    • Has 16 branches across major cities.
  • Credit Score Tracking: The ZET app shows your latest Experian Score. Other apps may use different bureaus (e.g., Transunion CIBIL, Equifax, CRIF High Mark), which can cause slight variations in your score due to different scoring models and data.
  • Legal Information: Links to Privacy Policy, Terms of Use, Magnet MITC, Magnet KFA, SBM ZET Card MITC, SBM ZET Card KFS, and SBM Bank RBI Registration Link are available.
  • Contact Information:

Frequently Asked Questions

Clear, concise answers to help you understand this card better.

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AU Bank LIT Credit Card vs SBM ZET Credit Card

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