SBM Magnet Credit Card - SBM Bank India Cards
Category
fuel,rewards,cashback,dining,entertainment
Fintra's Rating
/5
SBM Magnet Credit Card Key Features
| Joining Fees | ₹0 |
| Renewal Fees | ₹0 |
| Free Lounge Access | No |
| Fuel Surcharge Waiver | No |
| Bank | SBM Bank India |
| Network | Visa |
Interest Charges: Starting from 2.5% per month, accounting to 30% per annum
Lifetime-free credit card with no renewal fees
Network: Rupay/Visa
Minimum FD of Rs. 5,000 is required for this credit card
Earn up to 7% Interest p.a on FD
Cardholders will get a credit limit of up to 90% of the fixed deposit amount
SBM Magnet Credit Card Fees
Welcome Benefit: Receive 5,000 ZET Coins valued at Rs. 500. These coins can be used to purchase vouchers for popular brands like Amazon, Flipkart, and Swiggy
SBM Magnet Credit Card Welcome Offers- FD backed credit card helping to build credit score while earning unlimited magnet coins as rewards
- Enjoy a lifetime-free credit card with no renewal fees
- No documents or income verification required. Just a simple application and guaranteed approval
- Welcome Benefit: Receive 5,000 ZET Coins valued at Rs. 500. These coins can be used to purchase vouchers for popular brands like Amazon, Flipkart, and Swiggy
- Save smart with up to 7% interest on your FD - all insured by RBI
- Get 5% Cashback/Rewards on Top Brands like Amazon, Flipkart, Myntra, Domino and more credited as real Cashback that can be directly transferred to your bank account
- 8% Rewards on Flipkart
- 20% Rewards on Myntra
- Up to 15% Rewards on All Major Platforms
- Enjoy up to 20% savings on Swiggy, Zomato, MakeMyTrip, BookMyShow, and many more
- 3 Fast-track your approval process
- RuPay Credit Card- Instantly link to UPI apps
- Enjoy up to 45 days of interest-free credit - pay later with zero interest
- 1% Fuel Surcharge Waiver
Pros
- FD backed credit card helping to build credit score while earning unlimited magnet coins as rewards
- Enjoy a lifetime-free credit card with no renewal fees
- Get 5% Cashback/Rewards on Top Brands like Amazon, Flipkart, Myntra, Domino and more credited as real Cashback that can be directly transferred to your bank account
Cons
- No travel benefits
- No golf benefits
- No complimentary domestic or international airport lounge access
