An FD-backed card with

unlimited rewards

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No joining fee

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Lifetime free

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Unlimited rewards

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Builds your credit score

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Benefits of an
FD-backed Card

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More reasons to
get Magnet

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Get your card

in minutes

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& with it, build your credit score!

3 easy steps to build
your score

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Why choose
Magnet ?

Why Choose

Magnet ?

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SBM Magnet

Credit Card

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Other

Credit Cards

No credit history required

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No income proof needed

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Unlimited cashback on every purchase

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Lifetime free card, no hidden charges

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A  good credit score will

help you save more

🚗 Want to buy a ₹10 lakhs car?

Credit score

300

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Loan Interest Rate p.a.

15%

Total Interest amount

₹1,50,000

Saved - 50,000

Credit score

700+

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Loan Interest Rate p.a.

10%

Total Interest amount

₹1,00,000

Build your credit score with Magnet & save over ₹50,000 annually!

Secured by RBI

Your money is protected by DICGC, a wholly owned subsidiary of
the Reserve Bank of India.

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Get Started by Magnet

Apply in 5 minutes or less. No credit history needed.

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