SBM Magnet Credit Card (SBM ZET)
by SBM Bank (India) · Data verified 4 days ago
SBM Magnet Credit Card (SBM ZET) issued by SBM Bank (India) in partnership with ZET (Advgrowth Technologies / Magnet).
How Much Can You Earn?
Calculate your potential rewards with this card
Your Annual Benefits
You save per year!
What's Great
- 100% guaranteed approval against SBM Bank Fixed Deposit (min ₹5,000)
- Low 2.49% foreign currency markup for overseas transactions
- Zero annual fee, zero joining fee — completely Lifetime Free
- Helps first-time borrowers and credit rebuilders establish solid CIBIL history
Things to Consider
- Mandatory Fixed Deposit lock-in required as collateral
- No complimentary airport lounge access
Perfect For
About This Card
Other Charges
Reward Earning by Category
| Category | Reward Rate | Details |
|---|---|---|
| Online & Merchant Purchases | — | |
| FD-Backed Spends | — |
Fuel Savings
₹150/mo
Shopping
- •100% guaranteed approval against SBM Bank Fixed Deposit starting from ₹5,000 (starts from ₹2,000 on ZET)
- •Credit limit up to 90% of the underlying Fixed Deposit amount
- •Fixed Deposit earns up to 7% p.a. interest insured by DICGC (RBI subsidiary) up to ₹5 Lakhs
- •No income documents, salary slips, or existing credit history required; builds CIBIL score to 750+
- •Up to 10% rewards/cashback on top brand vouchers on ZET app
- •Up to 20% discount on popular partner merchant platforms (Swiggy, Zomato, Flipkart, Myntra)
- •Low foreign exchange markup fee of 2.49%
- •RuPay variant supports instant UPI scan-and-pay linking
Partner Benefits
- •Exclusive co-branded rewards and deals on ZET (Advgrowth Technologies / Magnet) platform
EMI Options
- •Flexible EMI conversion available for retail purchases over ₹2,000
Card Features
CardSahayak Score
"Apply Now" takes you to SBM Bank (India)'s official website.
Eligibility
Scores
Deals & Offers
Exclusive offers available on SBM Magnet Credit Card (SBM ZET)
RuPay Network Offers
Experience seamless UPI payments with instant 20% savings on food orders and movie tickets with RuPay credit card linkage.
Valid on UPI transactions done via RuPay credit cards on partner merchant platforms.
Frequently Asked Questions
Everything you need to know about SBM Magnet Credit Card (SBM ZET)
- • Min age: 18 years
- • Salaried: ₹25,000/month min
- • Self-employed: ₹30,000/month min
- • CIBIL: 720+ recommended
- • Instant: Pre-approved SBM Bank (India) customers
- • 24-48 hrs: New customers with documents
- • Delivery: 7-10 working days
Ready to Get Started?
Apply for SBM Magnet Credit Card (SBM ZET) today and unlock amazing rewards and premium experiences.
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