BOI Domestic Credit Card vs SBM Magnet Credit Card

• A Classic card with Photo or Non-Photo
• Avail Membership to the BOI Reward programme
• Avail 2 StarPoints on every Rs. 100 on regular spends, and 3 StarPoints on every Rs. 100 on spends at merchant falling under the Preferred Category
• Fuel Transaction Surcharge: 1% of transaction amount 

• 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

• The Billing cycle is from 16th of current month to 15th of next month
• Interest free credit for up to 51 days and revolving credit at preferential rate
• EMI at POS facility is available on POS that are managed/owned by M/S WorldLine Private Limited
• Avail flexible credit limits for add-on cards

Cons

• No Golf Privileges 
• No Airport Lounge Access
• This card is for Domestic usage and valid only in India and Nepal

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