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Magnet Credit Card backed by FD | Enjoy Rewards | Build Credit Score
Are you new to credit or have a low credit score? Don't let either hold you back! Apply online for Magnet & start your credit journey with ease. SBM Magnet Credit Card is the ultimate solution for those who are looking to build or improve their credit score. It is a secured credit card that doesn’t see your credit history. It helps build your credit future. Magnet is backed by SBM bank. You can create FDs for Rs. 5,000, 10,000 & 25,000 and get credit limit up to 90% of your FD amount. Your SBM Magnet Credit Card is designed to provide you with the convenience of a traditional credit card while availing the benefits of a fixed deposit. It is the perfect credit card for all new to credit users!
So, make the move to Magnet & unlock amazing features
Zero Credit Score Required - Even if you are new to credit or low on credit score you can apply for Magnet.
Instant & Guaranteed Approval - Approval for Magnet credit card is guaranteed & Instant
High Returns on FD - Get up to 7% returns on your SBM Bank-backed FD
Instant Virtual Card - Get access to your virtual card instantly & start shopping right away.
Physical Credit Card - Get your physical card delivered to your doorstep within 15 days!
No Cost Credit Card - It’s lifetime FREE. We don’t charge any joining fee, annual fee or renewal fee thus helping you save more money. Online Account Management - Manage your Magnet account online through our mobile app 24*7
Here’s how easy it is to get Magnet:
Download Magnet app
Sign-up with your mobile number
Submit your KYC details
Create your Fixed Deposit
Instantly get your virtual Card

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