SBM Magnet Credit Card vs Axis Bank Select Credit Card
Joining Fees
₹0
₹3,000
Editor's Rating
4.5
Key Features
- 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
- Flat Rs. 500 off per month on minimum purchase of Rs. 3000 on Bigbasket mobile app/website. This is applicable once per month per user
- Flat Rs. 200 off on Swiggy mobile app/website. Valid twice a month on minimum transaction of Rs. 1000 per order
- 12 complimentary International Airport Lounge access via Priority Pass Membership
- 2 complimentary domestic lounge visits per quarter on the spends of Rs. 50,000 in last 3 months
- Do note that the Priority Pass will renew automatically when you have met Rs. 3 lakhs spends in preceding card anniversary year
- 6 complimentary golf rounds per year. Unlock 6 additional visits by spending Rs. 3 lakhs annually
- Annual benefits: Priority Pass Membership renewal on annual spend of 3 Lakh. Renewal of offers on BigBasket and Swiggy
- Get 5000 EDGE points on spending Rs. 3 Lakhs in a card anniversary year
- Complete annual fee waiver on spending Rs. 8 Lakhs in a card anniversary year
- Get 10 Axis EDGE points on every Rs. 200 spends
- Get 2X per Rs. 200 on ‘Retail Shopping’ spends
- Avail 2X EDGE REWARD Points up to cumulative transactions of Rs. 20,000 per month. For transactions done above Rs. 20,000 per months earn 10 EDGE REWARD Points
- Explore curated experiences from across the world with Extraordinary Weekends
- 1% fuel surcharge refund on fuel transactions between Rs. 400 and Rs. 4000 only. Maximum benefits up to Rs. 400 per month.
- Rs. 800 off and more via Axis Bank Dining Delight Program with EazyDiner
- Purchase protection up to Rs. 1 Lakh
- Cumulative cover up to USD 500 for loss of travel documents, delay of check-in baggage, and loss of check-in baggage cover
-
Wednesday Delight Offer: Get up to 15% on flights and hotels via Goibibo and Makemytrip, 10% off on orders via Swiggy and Amazon Fresh, 10% off up to Rs. 1000 on Tira
Editor's Review
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
Pros
- Flat Rs. 500 off per month on minimum purchase of Rs. 3000 on Bigbasket mobile app/website
- 12 complimentary International Airport Lounge access via Priority Pass Membership
- 2 complimentary domestic lounge visits per quarter on the spends of Rs. 50,000 in last 3 months
Cons
- High interest rate
- High joining/renewal fee
