July 23, 2025 · 11 mins read
Santhosh Kumar
The SBM ZET credit card is a secured credit card from SBM Bank, in partnership with ZET, and backed by RuPay. It is specifically designed for individuals who want to rebuild or improve their credit scores. This card is a fixed deposit in nature with no need for income proof or prior credit history.
This is a good option for first-time users, students, or persons with credit history challenges. There is a lifetime free structure, acceptability with UPI, and good rewards; it is also a versatile credit product. To use it effectively, you have to know how the SBM ZET credit card is billed. And how does the SBM ZET credit card billing cycle work?.
This article explains how the billing cycle works, different payment options, and fees related to the SBM ZET Credit card, and how you can use the SBM ZET credit card responsibly. We will also cover the best options to achieve maximum benefits using the card whilst maintaining a healthy credit profile.
The SBM ZET Credit Card is a secured card that has a minimum fixed deposit of ₹5,000 with SBM Bank. The credit limit is 90% of the FD amount, so a ₹10,000 FD gives a ₹9000 credit limit—and cardholders can earn up to 7% per annum on their deposit. This feature makes the card attractive to anyone who wants to build credit without worrying about overspending beyond the secured amount. The card is lifetime-free, meaning you won't have to pay a joining fee or an annual fee. Additionally, it supports UPI payments, making it a suitable fit for India's growing digital payments market.
To get the most out of this card, you should know how the SBM ZET Credit Card is billed. This would include knowing the SBM ZET Credit Card billing cycle, payment due dates, fees, and how to avoid common mistakes, such as paying late or exceeding the credit limit. Let's take a look at the billing process.
At the end of each billing cycle, SBM ZET Credit Card, SBM Bank generates a monthly statement. This statement summarizes your activity on your Card during the billing cycle and is sent to your registered email ID; they are also available through the ZET mobile app. The monthly statement consists of the following:
Previous Balance: Any amounts that were outstanding and unpaid from the previous billing cycle.
Transactions: Any purchases, UPI payments, cash withdrawals, and fees incurred during the billing cycle.
Fees and Charges: Any applicable fees, which could be a 2.5% cash withdrawal fee (minimum of ₹300) or a late payment fee of ₹299 + 18% GST.
Payments given: Payments made against the amount outstanding from the date of the statement.
Minimum Amount Due: The minimum payment needed to avoid late fees is typical 5% of the amount outstanding, plus any overdue amounts or excess amounts above the credit limit.
Total Amount Due: The total amount outstanding will not incur interest charges if paid in full.
Payment Due Date: The date for making the MAD is typically 15-20 days after the statement date.
If there are no transactions on your account during the billing cycle of the SBM ZET Credit Card, your statement will have "no spends" for that month, and there is no payment due on the account unless there is an outstanding balance from previous billing cycles.
Read More:: What is the Use of CIBIL Score?
A significant advantage of the SBM ZET Credit Card is that it may also offer an interest-free grace period of up to 45 days, which varies depending on the date of the purchase within your specific billing cycle. For example, if your billing cycle ends on the 25th and you purchase something on the 1st, you could have an entire 45 days to pay (until the next month's payment due date) without accruing interest. However, if you purchased something on the 15th, you wouldn't have much of a grace period at all.
As long as you pay the Total Amount Due by the due date, you won't be charged interest. Making the Minimum Amount Due payment causes the rest of the amount to carry over to the next cycle, which continues to accrue interest and can cost you a lot more money when you carry a balance. It can also affect your credit score!
Now that we've dealt with the question of how the SBM ZET Credit Card is indicated on the bills, let's break down the components of a monthly statement:
Outstanding balance: The total outstanding amount (purchase amount, fees, and unpaid amounts at the end of previous cycles).
Minimum Amount Due (MAD): The amount you can pay to avoid late fees. The amount equals 5% of the outstanding balance, plus any overdue amounts or amounts in excess of the credit limit. If you pay this amount, there are no late fees, but you will pay interest on the outstanding amount.
Fees and Charges: There are fees that may be charged. These fees include a cash withdrawal fee (2.5% or ₹300, whichever is higher), a late fee (₹299 + 18% Goods and Services Tax "GST"), or a replacement card fee (₹249 + 18% GST).
Interest Charges: If you do not pay the total outstanding amount (by the due date), you will incur interest on this amount. A fixed interest rate applies, but it may vary slightly from statement to statement. If you pay the total outstanding amount, you will enjoy an interest-free period with no additional charges.
EMI Transactions: The SBM ZET Credit Card currently does not offer bill-to-EMI transactions. If the option was offered for an EMI, it would be included in the MAD (Minimum Amount Due).
Read More:: How to Settle Credit Card Debt?
Payments for the billed amount against the SBM ZET Credit Card may be made through several authorized channels:
ZET Mobile App: Get access to transaction tracking, statement viewing, and payment options with net banking or UPI.
SBM MAGNET GILD Net Banking Portal: Log in through the direct URL provided on your statement to make payments linked to the billed amount.
BillDesk: Use the link in your monthly statement to pay via net banking portals or any authorized method.
UPI Apps: Attach the RuPay-powered card to UPI apps like Google Pay, PhonePe, or Paytm, and make your payments seamlessly.
SBM Bank consistently adopts the approach of only authorizing payment methods to protect customers against fraudulent incidents. Never share your card number, CVV, PIN, or OTP, and to report cybercrime, visit the MINISTRY OF HOME AFFAIRS CYBER CRIME REPORTING PORTAL at www.cybercrime.gov.in or by calling 1930.
If the due amount of the Minimum Amount Due is not paid by the due date, a late fee of ₹299 plus 18% GST will be levied. Failure to pay even the Minimum Amount Due for three days after the payment date will result in your account being classified as delinquent under SBM Bank, which will be reported to Credit Information Companies (CICs), such as CIBIL, negatively affecting your credit score. The bank provides CIBIL with cardholder information monthly, so for the benefit of your credit, it is extremely crucial to maintain payment discipline.
Read More:: How to Make a Kisan Credit Card?
Tips for Responsible Usage
Pay the Full Balance: Pay the Total Amount Due on or before the due date to avoid interest and remain in the interest-free period.
Maintain Low Credit Utilization: You want to use below 30% of your credit limit (for ex, ₹2,700 on ₹9,000) to increase your credit score.
Monitor Money Usage: Use the ZET app to track every Rupi spent and set a payment reminder 5 days before the due date.
Review Your Statements: The bank may occasionally make mistakes or have unauthorized changes on your statements. Therefore, review your statements carefully and report any errors on SBM Bank within 30 days, as incorrect charges will be deemed correct after this period.
Avoid cash withdrawals: Cash transactions incur a 2.5% fee (minimum of ₹300) and do not earn reward points, making them an expensive option.
There are rewards with the SBM ZET Credit Card that add value:
Welcome Benefits: up to ₹21,000 in vouchers for Amazon, Flipkart, Myntra, Swiggy, Zomato, and BookMyShow.
Ongoing benefits: Up to 20% off for Swiggy, Zomato, and BookMyShow, 20% off with Myntra, 8% off with Flipkart, and 5% off with Amazon. You also earn ZET Coins (1 ZP coin = ₹0.20 cash - ₹0.25 vouchers) on in-app transactions.
You can link UPI apps. UPI-specific rewards are planned for the future, so make payments with UPI apps if you can.
You cannot earn rewards on transactions classified as EMI, withdrawals, or reversals. Keep this in mind and limit your spending to normal purchases.
Read More:: Which Credit Score Do Banks Use in India?
Missing Due Dates: All late payments can incur additional fees, which can negatively impact your credit score. Therefore, setting up app notifications or calendar reminders would be ideal.
Exceeding Credit Limit: The credit limit is 90% of the financial limit (FD). Exceeding the credit limit will increase the minimum due amount and may result in additional fees.
Ignoring Statements: You can and should verify statements for accuracy. If you have an issue, please reach out to SBM Bank either via the helpline at 1800-103-3817 or 1800-2099-335, email customercare@sbmbank.co.in, or contact the nodal officer at nodal.officer@sbmbank.co.in.
Using Only Minimum Payment: If you only pay the minimum due, you have the potential to incur interest, which increases your costs.
Would you like to manage how the SBM ZET Credit Card is billed? The ZET mobile app enables you to manage your account with real-time transaction tracking, access to statements, various payment options, and rewards management. It allows you to set spending limits, categorize your expenses, and set reminders for bill payment due dates, keeping you on track with your SBM ZET Credit Card billing cycle.
As a secured card, your credit limit is tied to your FD, which means that if you want a higher credit limit, you can simply deposit more into your FD through the ZET app. If you deposited ₹10,000 to make an FD, you had an ₹9,000 credit limit. If you decide to add ₹20,000 to your FD, you will have an available credit limit of ₹ 18,000. You can basically grow your request for credit as your financial needs change, but be sure to stay within the limits of being able to repay.
If you find mistakes on your statement including unauthorized transactions or inaccurate fees, please contact SBM Bank right away.
The billing cycle runs for a month (28-31 days). At the end of each billing cycle a statement is generated, showing your transactions and fees, as well as the Minimum Amount Due (5% of your balance) or the Total Amount Due.
The billing cycle is the timeframe (28-31 days) where transactions all get documented. The billing cycle ends and the statement is generated, and the cardholder has a grace period of 15-20 days to pay.
When a payment is missed, there will be a late fee of ₹299 + 18% GST. If a payment has not been paid within three days, the account may be reported to CIBIL as delinquent.
Yes, you can pay the Minimum Amount Due (5% of the balance) and you will not have to pay the late fee, however, the remaining balance will accrue interest and increase your total payments. It is best to pay the total amount due.
Download the app from PlayStore
