SBM ZET Credit Card - Full Details, Fees & Rewards

Available Card Variants

SBM ZET RuPay Credit Card

RuPay

Primary ZET credit card variant co-branded with State Bank of Mauritius (SBM Bank India).

DCB ZET RuPay Credit Card

RuPay

ZET credit card issued in co-branded partnership with DCB Bank with zero joining/annual fee.

IOB ZET RuPay Credit Card

RuPay

ZET credit card issued in co-branded partnership with Indian Overseas Bank with zero joining/annual fee.

Card Benefits

Key benefits available with this card.

Guaranteed Approval Against FD

100% guaranteed approval against a minimum Fixed Deposit of ₹2,000 with no income proof or credit score verification required.

Up to 7% Interest on FD

Your underlying fixed deposit continues to grow, earning up to 7% interest per annum, safely insured under RBI/DICGC regulations.

5% Cashback on Amazon & Flipkart

Earn 5% cashback on Amazon and Flipkart vouchers purchased via the ZET app.

Up to 15% on 80+ Brand Vouchers

Get accelerated cashback of up to 15% on popular brand vouchers like Nykaa, Domino's, PVR, Cleartrip, and more.

Flat 2% Cashback on UPI via ZET

Earn flat 2% cashback on UPI Scan & Pay transactions via ZET with an active ₹99/month subscription (capped at ₹500 per month).

Instant Bank-Transferable Cashback

All earned cashback is real cash credited to your ZET wallet, which can be directly transferred to your bank account.

Food & Grocery Discounts

Up to 20% off on Swiggy and Zomato (up to ₹100/month each) and up to ₹200/month on Swiggy Instamart.

BookMyShow Entertainment Offer

Enjoy ₹100 off per month on BookMyShow movie tickets on a minimum spend of ₹1,000.

RuPay UPI Integration

Link your virtual or physical RuPay credit card to any UPI app to scan and pay at merchant terminals nationwide.

Lifetime Free Membership

Enjoy all credit-building and cashback benefits with ₹0 joining fee and ₹0 annual renewal fees.

Rewards & Points

How rewards are earned on this card.

Category	Reward	Details
Brand Vouchers via ZET Store	15.0000%	Up to 15% cashback on 80+ brand vouchers (Domino’s, Nykaa, PVR, Cleartrip, etc.) on the ZET app.
Amazon & Flipkart Vouchers	5.0000%	5% cashback on Amazon and Flipkart gift vouchers purchased through the ZET app.
UPI Spends via ZET App	2.0000%	Flat 2% cashback on UPI payments via ZET. Requires ₹99/month subscription. Capped at ₹500 per month.
Other Offline/Online Spends	0.0000%	Spends outside accelerated vouchers/UPI categories build credit score with zero interest for up to 45 days.

Reward Point Value: ₹1.0000 per point

Reward Exclusions: Fuel spends, wallet reloads, rent payments, and EMI conversions do not earn cashback.

Airport Lounge Access

Complimentary domestic lounge visits.

Current Offers & Promotions

Lifetime Free Membership

Active

₹0 Joining & Annual Fee

Enjoy Lifetime Free card benefits with zero joining and annual renewal fees.

FD Interest Returns

Active

Up to 7% p.a.

Earn up to 7% per annum interest on your underlying fixed deposit, insured under RBI/DICGC guidelines.

Swiggy & Zomato Food Discount

Active

Up to 20% Off

Maximum benefit: 100.00

Up to 20% off (Max ₹100 per month each) on Swiggy and Zomato on orders above ₹500, twice a month.

Swiggy Instamart Grocery Discount

Active

Up to 20% Off

Maximum benefit: 200.00

Up to 20% off (Max ₹200 per month) on Swiggy Instamart orders above ₹1,000, twice a month.

BookMyShow Entertainment Offer

Active

₹100 Off

Maximum benefit: 100.00

₹100 off per month on BookMyShow on minimum transaction of ₹1,000 once a month.

Eligibility Criteria

Age

21 to 65 yrs

Employment

Salaried, Self-employed, Students & Homemakers

Salaried Income

—

Self-Employed

—

Credit Score

300+

New to Credit

New to Credit Allowed (100% Guaranteed Approval)

Additional Eligibility Details

Age Requirement: 21 to 65 Years — Primary applicant must be an Indian resident aged between 21 and 65 years.

Minimum Fixed Deposit: ₹2,000 — Card is issued against a minimum Fixed Deposit of ₹2,000 with SBM Bank.

Income Requirement: No Income Proof Required — No salary slips, bank statements, or ITR required. 100% approval guaranteed against FD.

Credit History: New to Credit Allowed — No minimum credit score required. Ideal for beginners or repairing damaged CIBIL scores.

Employment Type: All Profiles Eligible — Open to salaried, self-employed, students, freelancers, and homemakers.

Important Eligibility Information

Age: 21 to 65 years. No income verification or credit score required. 100% guaranteed approval against a minimum Fixed Deposit of ₹2,000. New-to-credit applicants welcome.

Income: No minimum income or salary requirement. Issued 100% against Fixed Deposit.

Employment: Open to all Indian residents (Salaried, Self-employed, Students, Homemakers, Freelancers).

Credit Score: No minimum credit score required. Ideal for New to Credit (NTC) and credit score repair.

Documents Needed

ID Proof: PAN Card

Address Proof: Aadhaar

Income Proof: No income documentation or salary slip required (100% guaranteed approval against Fixed Deposit)

Fees & Charges

Standard Joining Fee

₹0

Annual Fee

₹0 + GST

Fee Terms: Lifetime Free credit card with no joining or renewal fees. Issued against a fixed deposit of ₹2,000 or more.

Pros

• 100% guaranteed approval with no income proof or credit check
• Fixed Deposit earns up to 7% p.a. interest (insured by DICGC/RBI up to ₹5 Lakhs)
• Lifetime Free with zero joining and annual renewal fees
• RuPay network enables seamless UPI Scan & Pay merchant transactions
• 5% cashback on Amazon & Flipkart vouchers and up to 15% on 80+ top brand vouchers
• Real cashback that can be transferred directly to your bank account
• Up to 20% instant discount on Swiggy, Zomato, and Instamart

Cons

• Requires a minimum Fixed Deposit of ₹2,000 to issue the card
• 2% UPI cashback requires an active ₹99/month ZET subscription and is capped at ₹500/month
• No complimentary airport lounge access
• Credit limit is strictly bound to the underlying FD amount