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SBM Bank India · RuPay · हिन्दी

SBM ZET Credit Card: full review

The SBM ZET Credit Card does what it says: an FD-secured, lifetime-free card built specifically to help first-time or low-score applicants establish a credit history, with your deposit still earning interest throughout. Its voucher-based discounts are a reasonable bonus, though the exact earning mechanics remain unclear even in the bank's own official terms. If credit-building is your actual goal rather than maximizing rewards, this is a straightforward, low-risk way to start.

Apply now ↗Annual fee: Lifetime free
Last updated: September 2026 · Current terms verified
SBM BANK INDIA
RuPay
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SBM ZET
ASHOK KUMAR
12/28
Lifetime freeAnnual fee
Instant discounts and cashback on select brands (up to 20% off Swiggy, Zomato, Instamart, BookMyShow; flat 5% on Amazon Pay and Flipkart vouchers; up to 15% on 80+ other brand vouchers, redeemable as cash to your bank account); exact points-earning rates and thresholds are not confirmed by any authoritative source - the official MITC document does not detail the rewards program, and marketing and third-party sources describe inconsistent mechanicsReward structure
NoneLounge access
FD-secured, no income proof or credit history required for approvalFD earns up to 7% interest, DICGC-insured up to ₹5 lakhCredit limit set at 90% of the FD amountOn-time payments reported to credit bureaus to help build a credit scoreUPI payments supported via ZET UPI, usable in third-party UPI apps tooOptional ZET Plus subscription (₹3/day) adds 2% UPI cashback and fraud/dark-web monitoringEMI conversion available on transactions of ₹1,000 or more
Apply now ↗ Min. income: None required (FD-secured) · Credit score: No credit history required
Pros and cons
Pros
✓ Genuinely accessible - no income proof or credit history needed, a real path for first-time credit users
✓ Your money keeps earning FD interest while building your credit score
✓ Lifetime free with no ongoing card fees
✓ Reports to credit bureaus, the core value proposition actually works as advertised
Cons
✗ A ₹499 + GST fee applies if you close the card within the first year
✗ No lounge access or travel perks of any kind
✗ The exact rewards/points mechanism is not clearly documented anywhere, including the bank's own official MITC
✗ Minimum FD is ₹5,000 despite some marketing claiming ₹2,000 - confirmed directly from the official terms document
✗ Best suited specifically for credit-building, not for everyday spending rewards
Quick facts
Issuer SBM Bank India
Network RuPay
Annual feeThe yearly fee a bank charges for holding the card, often waived if you spend enough in a year.Full definition → Lifetime free
Joining feeA one-time fee charged when you first get the card, separate from the recurring annual fee.Full definition → ₹0
Lounge accessFree entry to airport lounges, usually limited to a set number of visits per quarter or year.Full definition → None
Forex markupThe extra fee your bank adds on top of the real exchange rate for any spend in a foreign currency.Full definition → 2.49%
Min. incomeThe minimum income, credit score, and other conditions a bank requires before approving your application.Full definition → None required (FD-secured)
Min. credit scoreYour 3-digit credit score (300-900), higher scores make approval easier and can unlock better cards.Full definition → No credit history required
SourceSBM Bank India's published card terms and official card page · Last updated September 2026
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Frequently asked questions
The annual fee for SBM ZET Credit Card is Lifetime free. This card is lifetime free with no annual fee.
Instant discounts and cashback on select brands (up to 20% off Swiggy, Zomato, Instamart, BookMyShow; flat 5% on Amazon Pay and Flipkart vouchers; up to 15% on 80+ other brand vouchers, redeemable as cash to your bank account); exact points-earning rates and thresholds are not confirmed by any authoritative source - the official MITC document does not detail the rewards program, and marketing and third-party sources describe inconsistent mechanics
SBM ZET Credit Card is best for First-time credit users or those with a low/no credit score wanting a genuine, no-income-proof path to building a 750+ credit history via an FD-backed card. The SBM ZET Credit Card does what it says: an FD-secured, lifetime-free card built specifically to help first-time or low-score applicants establish a credit history, with your deposit still earning interest throughout. Its voucher-based discounts are a reasonable bonus, though the exact earning mechanics remain unclear even in the bank's own official terms. If credit-building is your actual goal rather than maximizing rewards, this is a straightforward, low-risk way to start.
The minimum income requirement for SBM ZET Credit Card is None required (FD-secured). A minimum credit score of No credit history required is also recommended.
SBM ZET Credit Card does not offer airport lounge access.
SBM ZET Credit Card charges a 2.49% foreign currency markup on international transactions. This is lower than the standard 3.5% charged by most Indian credit cards.
Related guides
Best Lifetime Free Credit Cards →Best Credit Cards for Students →
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