SBM Bank India
SBM ZET Credit Card
Best for FD-backed online cashback and lifestyle discounts
₹499/yr annual fee · 5x rewards
By FinWiz24 Research Desk · Last reviewed · How we review
FinWiz24 Research Desk
Verified independently against issuer Terms & Conditions
Editorial Team
Annual fee
₹499/yr
Reward rate
5x
Min. income
₹1,50,000
Forex markup
Not published
Lounge access
None
Eligibility
₹1.50 lakh/yr · CIBIL 600+
Reward cap
₹500/month
Welcome benefit
None beyond the reward rate
Who is this for
- New-to-credit
- Online shopper
What we like
- FD-backed, low risk
- 5% on Amazon/Flipkart vouchers
- Up to 20% off on lifestyle brands
Watch out for
- Rs 500 monthly cap on voucher cashback
- Rs 499 annual fee
Issuer
Fees and charges
| Fee | Amount | Waiver |
|---|---|---|
| Joining fee | ₹0 | Not waivable |
| Annual fee | ₹499 | Waived on Rs 30,000 annual spend |
Rewards
| Spend category | Rate | Cap | Redemption |
|---|---|---|---|
| VOUCHER | 5.00 | ₹500/month | 1.00 |
| UPI | 2.00 | — | 1.00 |
Benefits
-
FD-backed credit limit Highlight
Credit limit backed by Fixed Deposit
-
Voucher cashback Highlight
5% cashback on Amazon/Flipkart voucher purchases
-
Lifestyle discounts
Up to 20% off on Zomato, BookMyShow, Swiggy and Instamart
Eligibility
- Age
- 18–70 years
- Min. income
- ₹1,50,000
- Min. credit score
- 600+
- Score note
- FD-backed; no minimum credit score required
- Employment
- Salaried, self-employed, student
- Documents
- PAN, Aadhaar, FD receipt, address proof
SBM ZET Credit Card is a RuPay FD-backed credit card co-issued by SBM Bank India and ZET, designed for new-to-credit consumers.
Fees and rewards
- Annual fee: Rs 499 (waived on Rs 30,000 annual spend)
- Joining fee: Nil
- Rewards: 5% on vouchers; 2% on UPI; lifestyle discounts
Eligibility
PAN, Aadhaar, FD receipt, address proof
Card data compiled from issuer published fee schedules. Status: active.
Last reviewed · How we review
FinWiz24 may earn a commission from issuer links. Our editorial process is independent and unbiased.
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Frequently asked questions
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