If you have no credit history, or a low score you want to rebuild, the SBM ZET Credit Card is one of the easiest ways to start. It is a lifetime free RuPay card backed by a fixed deposit of just ₹2,000, with guaranteed approval and no income documents. Your FD keeps earning up to 7% interest, and the card adds cashback on popular brands and UPI.
How the cashback and discounts work
| Where | Benefit | Limit |
|---|---|---|
| Amazon and Flipkart | 5% cashback | |
| Nykaa, Domino’s and 80+ top brand vouchers | Up to 15% cashback | |
| UPI payments via ZET (RuPay card) | 2% cashback | ₹500 a month; needs ₹99/month subscription |
| Swiggy, Zomato, Instamart, BookMyShow and more | Up to 20% off | ₹100 max, once a month per partner |
Good to know: ZET cashback can be transferred directly to your bank account, so it works like real money rather than points.
Is the UPI subscription worth it?
The 2% UPI cashback costs ₹99 a month. You break even at about ₹5,000 of UPI spending a month. Spend ₹15,000 a month by UPI and you get ₹300 back, or ₹201 after the subscription. The ₹500 monthly cap is reached at ₹25,000 of UPI spend. If you only use UPI occasionally, skip the subscription and use the card for its brand offers instead.
Building credit with ZET
- Use the card for a few regular expenses and pay the full bill on time every month. Your repayment record is what builds your credit score.
- Keep your usage well below the credit limit; using a small share of the limit looks better to lenders.
- You get up to 45 days of interest-free credit when you pay in full.
Your credit limit is based on the deposit you place, so a bigger FD gives you a bigger limit. Start small if you prefer, and top up later.
Fees and charges
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| UPI cashback subscription | ₹99 a month (optional) |
| Interest-free period | Up to 45 days |
Eligibility
| Age | 21 to 65 years |
|---|---|
| Minimum FD | ₹2,000 |
| Income proof | Not required |
| Credit history | Not required; approval is guaranteed |
Documents you will need
- Income proof: not required
- KYC: only the basic identity details asked for in the online application
- Funds: ₹2,000 or more for the fixed deposit
How to apply
- Tap Apply on SBM Bank site on this page to open the official application.
- Complete the simple application and online KYC in the same session.
- Fund a fixed deposit of ₹2,000 or more to back your card.
- Once the card is issued, make a first transaction of ₹100 or more within 30 days to activate it.
Who should get it, and who shouldn’t
Get it if you are new to credit, have been turned down for unsecured cards or want a free RuPay card for UPI with no paperwork.
Skip it if you already have a good credit score. An unsecured card will give you a higher limit and richer rewards without locking money in an FD.
