SBM ZET Credit Card
- Joining fee
Lifetime Free
- Annual fee
Lifetime Free
- Best suited for
Dining, Shopping
- Reward type
Zet Coins
Rewards
- Rewards rate
Upto 15% Rewards on Voucher Transactions on ZET App. Flat 2% Rewards on UPI Transactions on ZET App (Coming Soon)
- Reward redemption
Cash/Vouchers. 1 ZET Coin = ₹0.20 (for Cash Conversion). 1 ZET Coin = ₹0.25 (for Vouchers)
Benefits
- Movie & dining
Up to 20% off on Swiggy, Zomato, and BookMyShow
Fees & charges
- Foreign currency markup
2.49%
- Interest rates
3.5% Per Month or 42% Per Annum
- Cash advance charges
3.5% of the Amount Withdrawn or ₹300 (Whichever is Higher)
Product highlights
- The SBM ZET Credit Card is the quickest way to achieve a credit score of 750 or higher.
- This credit card is backed by a Fixed Deposit (FD) – Simply book a Fixed Deposit with SBM Bank to receive a secured credit card. Your deposit is completely safe and insured by the Reserve Bank of India.
- No income proof is required. Anyone can apply without uploading salary slips or having an existing credit history.
- The UPI-enabled RuPay Credit Card allows you to use your credit card across any UPI app.
- In addition to the rewards, customers will get up to 20% Instant off on Swiggy, Zomato, Instamart, BookMyShow, and Abhibus on making their payment using the SBM ZET Credit Card.
FAQs
What is the minimum Fixed Deposit amount required for the SBM ZET Credit Card?
The minimum FD required for the SBM ZET Credit Card is ₹5,000.
Can I make UPI payments via the SBM ZET Credit Card?
Yes, one can easily link their RuPay SBM ZET Credit Card to the UPI application of their choice and start making payments.
What if I close my fixed deposit before its maturity?
If you withdraw your fixed deposit from SBM Bank before maturity, a fee of 1% will apply. Additionally, if you cancel your card within the first six months, there will be a penalty of ₹499.