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SBM vs IOB 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.

SBM ZET Credit Card versus IOB ZET Credit Card compared
FeatureSBM ZET Credit CardSBM ZET Credit Card4 recent changes →
IOB ZET Credit CardIOB ZET Credit CardIndian Overseas Bank
Rewards by spend
Rewards2% on most spendsRewards not published
UPI payments (scan and pay)2%Earns nothing
Online shopping2%Not stated
Dining and food delivery2%Not stated
Groceries2%Not stated
Travel: flights, hotels, trains2%Not stated
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 currency2%Not stated
Everything else2%Not stated
Card identity
Card typesameSecuredSecured
NetworkRuPay-
Card tierEntry-
Fees
Joining feesameFreeFree
Annual feesameFreeFree
Lifetime freesameYesYes
Eligibility
Min age18 years-
Employment typeBOTH-
Rewards
Reward typeCashback-
Point value₹1-
Forex and international
Forex markupsame2.49%2.49%
UPI rewards
Works on UPIYes-
UPI note2% 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 neededPAN card Aadhaar / valid address proof-
ApplyApply NowApply Now

Best For

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
IOB ZET Credit Card
  • First-time credit users
  • Students and new earners
  • People rebuilding a credit score
  • UPI users

Watch-Outs

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
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

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, SBM ZET Credit Card or IOB ZET Credit Card?

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

Which is better for spending abroad?

SBM ZET Credit Card has the lowest forex markup. SBM ZET Credit Card: 2.49%; IOB 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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