M16S / SBM Bank India / SBM ZET Credit Card
entry · cobrand, secured, upi, lifetime-free
SBM ZET Credit Card
The SBM ZET Credit Card charges no annual fee and no joining fee. The forex markup is 2.49%. It lists no airport lounge access. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- —
- Forex markup
- 2.49%
- Interest
- 3.5%a month
Apply on sbm.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Nil membership and annual fee. Replacement Rs 249 + GST; cancellation Rs 499 + GST if closed within two years of activation (from 23 Oct 2026). |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 2.49% |
Charges and eligibility
| Interest per month | 3.5% |
|---|---|
| Late payment fee | From 23 Oct 2026: 5% of total outstanding, min Rs 50, max Rs 1,000 |
| Cash advance fee | 3.5% of amount withdrawn or Rs 300, whichever is higher; cash limit 50% of available limit |
| Eligibility | Fixed deposit with SBM through the ZET app; credit limit 90% of the FD |
| Fine-print notes | FD-backed RuPay card with UPI, positioned as a credit builder. No reward document is published by SBM for this card. Rent and education payments carry a 1% fee. FD advertised at up to 7% p.a. with conditions. Still listed on SBM's secured-card page and in its co-brand revenue-sharing declaration; whether the partner app is onboarding new SBM-issued customers today was not confirmed. |
Questions
- What is the annual fee of the SBM ZET Credit Card?
- No annual fee.
- Does the SBM ZET Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the SBM ZET Credit Card?
- 2.49% of each foreign-currency transaction, before GST.