SBM Credit Cards

Different Credit Cards Offered by SBM 

The various credit cards that are offered by SBM are mentioned in the table below: 

SBM ZET Credit Card

1. Guaranteed Approval: Since it is backed by an FD, approval is guaranteed without the need for income proof or a prior credit history.
2. UPI Integration: As a RuPay card, it can be linked to UPI apps for seamless payments.
3. Fees: This is a lifetime-free card with no joining or annual fees.
4. FD and Credit Limit: It requires a minimum FD of Rs.2,000, and your credit limit is 90% of that amount.
5. Rewards: You can get up to 20% off on services like Swiggy and Zomato, and reward points on platforms like Myntra and Amazon.

SBM Credilio Secured Credit Card

1. Cashback: It offers up to 1% unlimited cashback on all online and offline spending.
2. Fees: It comes with zero joining fees, and the annual fee is waived if you spend Rs.25,000 in the first year.
3. Welcome Benefits: You receive welcome vouchers and offers from leading brands like Myntra, Swiggy, and Gaana.
4. FD Options: You can start with an FD of Rs.5,000, with options to go up to Rs.50,000.

ZET Magnet FD Credit Card

1. No Fees: The card has no joining or annual fees.
2. Welcome Benefits: You get joining benefits worth over Rs.21,000, including OTT subscriptions and discounts on travel and food.
3. Rewards: Earn up to 10% rewards on purchases from a wide range of brands like Amazon, Myntra, and Flipkart.
4. Flexible FD: You can start with an FD of Rs.5,000 and withdraw up to 90% of it at any time without penalties, while still earning up to 7% interest.

SBM Kredit.Pe Credit Card

1. Membership Fee: No membership fee is levied.
2. Maximum Cash Limit: The maximum cash limit is 50% of the credit limit.
3. Credit Free Period: The credit free period is 45 days.

SBM MobiKwik First Credit Card

1. No Fees: The card has no joining or annual fees.
2. Physical Statement: No charges are levied for physical statements.
3. Maximum Cash Limit: The maximum cash limit is 30% of the credit limit.
4. Credit Free Period: The credit free period is 45 days.

Niyo SBM Global Credit Card

1. Zero Forex Markup: This is the standout feature, saving you up to 5% on all international transactions.
2. Lounge Access: It offers complimentary access to over 1,300 airport lounges outside India.
3. TCS Benefit: Unlike debit cards, there is no Tax Collected at Source (TCS) on spending over Rs.7 lakh in a financial year.
4. FD Requirement: You need a minimum FD of Rs.5,000 to apply.

SBM OneCard Credit Card

1. No Fees: The card has no joining or annual fees.
2. Cards: Metal or plastic cards are provided.
3. Fuel Surcharge Waiver: 1% of the transaction amount (maximum of Rs.400)
4. Interest Free Period: Up to 48 days.

Fees and Charges

The different fees and charges that are levied are mentioned in the table below: 

How to Apply for SBM Credit Cards?

The process that must be followed to apply for SBM credit cards are mentioned below:

1. Download the Partner App: Start by downloading the app of the co-branded card you're interested in (e.g., Zet App, Credilio).
2. Enter Your Details: Fill in your basic information.
3. Complete e-KYC: Verify your identity using your PAN and Aadhaar card.
4. Create Your Fixed Deposit: Choose your FD amount. This will determine your credit limit.
5. Get Your Virtual Card: Your virtual card will be activated instantly, ready for you to use.

Credit cards make payments easy for all expenses online and offline while offering various benefits

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