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SBM Bank India
SBM ZET Credit Card
RuPay
SBM ZET Credit Card
The SBM ZET Credit Card is a fixed-deposit-backed RuPay card from ZET, a credit-building fintech, aimed at new-to-credit users who can't clear income or CIBIL checks for a regular card. It's lifetime free and reports repayment behaviour to bureaus to help build a credit score. Best treated as a stepping-stone card rather than a rewards card.
Annual fee
₹0
Joining fee
₹0
Reward type
cashback
Base reward rate
1%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants who clear the standard eligibility bar whose spend is concentrated in online shopping. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- 🛍️ Shopping
1% reward rate
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Employment: salaried, self-employed
- Age: 18–60
Fees & charges
- Foreign currency markup: 3.5%
- Interest rate: 3.5% p.a.
Benefits
- Credit limit set at up to 90% of the linked fixed deposit; no income proof, prior credit history, or employment verification needed to apply.
- Instant discounts and cashback on partner brands and platforms via the ZET app.
Pros
- + Lifetime free, no income proof or CIBIL history needed
- + Helps establish a credit score through an FD instead of income documents
- + Instant virtual card issuance, physical card follows within days
- + UPI-enabled RuPay card
Cons
- − Credit limit capped at 90% of the FD amount, not independently useful for large spends
- − Reward rate is basic compared to unsecured cashback cards
- − Funds remain locked in the FD for the card's tenure
Best for