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IOB vs SBM ZET Credit Card Compared

Which credit card suits you? Side by side on the numbers that decide it. A blank means the provider has not published that figure, not that it is zero. Data last verified: 23 October 2026.

IOB ZET Credit Card versus SBM ZET Credit Card compared
FeatureIOB ZET Credit CardIOB ZET Credit CardIndian Overseas Bank
SBM ZET Credit CardSBM ZET Credit Card4 recent changes →
Rewards by spend
RewardsRewards not published2% on most spends
UPI payments (scan and pay)Earns nothing2%
Online shoppingNot stated2%
Dining and food deliveryNot stated2%
GroceriesNot stated2%
Travel: flights, hotels, trainsNot stated2%
FuelsameNot statedNot stated
Bills and rechargessameNot statedNot stated
RentsameNot statedNot stated
Insurance premiumssameNot statedNot stated
School and college feessameNot statedNot stated
Wallet top-upssameNot statedNot stated
Taxes and government paymentssameNot statedNot stated
Spend abroad or in a foreign currencyNot stated2%
Everything elseNot stated2%
Card identity
Card typesameSecuredSecured
Network-RuPay
Card tier-Entry
Fees
Joining feesameFreeFree
Annual feesameFreeFree
Lifetime freesameYesYes
Eligibility
Min age-18 years
Employment type-BOTH
Rewards
Reward type-Cashback
Point value-₹1
Forex and international
Forex markupsame2.49%2.49%
UPI rewards
Works on UPI-Yes
UPI note-2% on ZET UPI payments only with the paid ZET Plus plan (Rs 3 a day plus GST).
Interest and charges
Interest rate (monthly)-3.5%
Interest rate (annual)-42%
Page content
Documents needed-PAN card Aadhaar / valid address proof
ApplyApply NowApply Now

Best For

IOB ZET Credit Card
  • First-time credit users
  • Students and new earners
  • People rebuilding a credit score
  • UPI users
SBM ZET Credit Card
  • First-time borrowers with no credit history
  • Students and new earners
  • People rebuilding a low credit score
  • UPI users who want a credit line

Watch-Outs

IOB ZET Credit Card
  • Credit limit is capped at 90% of your deposit
  • Cashback applies only to UPI payments made through ZET
  • Discount offers vary by brand and change over time
SBM ZET Credit Card
  • Credit limit is capped at 90% of your deposit
  • UPI cashback needs the paid ZET Plus plan
  • Food delivery discounts are small and capped

Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.

Questions People Ask

Which has the lower annual fee, IOB ZET Credit Card or SBM ZET Credit Card?

They charge the same annual fee. IOB ZET Credit Card: no annual fee; SBM ZET Credit Card: no annual fee.

Which is better for spending abroad?

IOB ZET Credit Card has the lowest forex markup. IOB ZET Credit Card: 2.49%; SBM ZET Credit Card: 2.49%. The markup is charged on every foreign-currency transaction, before GST.

Can I hold more than one of these cards?

Usually yes, if each bank approves you. Many people keep one card for everyday spending and another for a specific use such as travel. Each application is a separate credit check.

Work Out the Numbers

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