{"id":7659,"date":"2026-04-25T18:05:00","date_gmt":"2026-04-25T12:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/money\/?p=7659"},"modified":"2026-04-25T13:45:21","modified_gmt":"2026-04-25T08:15:21","slug":"a-lifetime-free-rupay-credit-card-thats-100-fd-backed-and-offers-huge-cashback-which-card-is-this","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/money\/a-lifetime-free-rupay-credit-card-thats-100-fd-backed-and-offers-huge-cashback-which-card-is-this\/","title":{"rendered":"A Lifetime Free RuPay Credit Card That\u2019s 100% FD-Backed and Offers Huge Cashback – Which Card Is This?"},"content":{"rendered":"\n
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Synopsis:<\/strong> This article talks about a Rupay Credit Card that requires no income-proof, FD-backed and offers cashback in most of the categories. The article aims to help readers understand the features of the card and help them choose the right card for their needs.<\/em><\/p>\n<\/blockquote>\n\n\n\n

SBM ZET Credit Card, a co-branded product of ZET (formerly Magnet) and SBM Bank India, fills this exact gap. It offers a Fixed Deposit account, lifetime free, and UPI functionality, making it an ideal credit-building tool.<\/p>

\"scapia<\/a><\/div>\n\n\n\n

What is an SBM Zet Credit Card?<\/strong><\/h2>\n\n\n\n

SBM ZET Credit Card<\/a> <\/strong>is a secured, RuPay-enabled credit card that has been introduced by SBM Bank India along with ZET, which is a secured credit card. The term \u2018secured\u2019 here refers to the fact that there is a fixed deposit account made in SBM Bank, and the credit limit on this secured credit card would be 90% of the total fixed deposit. With this type of secured credit card, the bank can offer credit cards even to those people who do not have any credit score or history.<\/p>\n\n\n\n

Key Features and Benefits<\/strong><\/h2>\n\n\n\n
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  • FD-Backed Scheme with Interest at 7%<\/strong>: SBM ZET credit card mandates an initial deposit in the form of a Fixed Deposit with SBM Bank India. The minimum Fixed Deposit amount stands at \u20b92,000, which makes this product available for customers across a broad income spectrum. Notably, the Fixed Deposit keeps earning interest at a rate of up to 7% annually during the entire period of the card usage, implying that the money parked in the FD is not idle but continues to work for you as well as acting as collateral for your card balance. The Fixed Deposit is also insured against up to \u20b95 lakh by the DICGC under the DICGC Act, 1961.<\/li>\n\n\n\n
  • Life-Time Free Credit Card (No Joining or Annual Fees): <\/strong>This card has no joining or annual fees. There is no requirement to cross any threshold for waiver, the credit card is lifetime free.<\/li>\n\n\n\n
  • Income Verification or Credit Score Not Needed: <\/strong>This credit card does not need income slips, bank details, or ITRs. As a result, this particular credit card is well-suited for students, gig workers, homemakers, or those who have the means to open an FD but are unable to provide income proof.<\/li>\n\n\n\n
  • Spend Money Using UPI:<\/strong> This credit card can be used to spend money through UPI. With most retailers in India accepting UPI, you can use this credit card anywhere and everywhere. This extends the card\u2019s usability well beyond traditional point-of-sale terminals.<\/li>\n<\/ul>\n\n\n\n

    Cashbacks, Rewards, and Discounts<\/strong><\/h2>\n\n\n\n

    The rewards program for the SBM ZET Credit Card<\/strong><\/a> includes several cashbacks and vouchers through brands and platform-specific offers:<\/p>