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✓ Annual fee checked
SBM Bank India · Card

SBM Magnet Credit Card

No Annual FeeSecured

The SBM Magnet Credit Card is a credit card from SBM Bank India with an annual fee of ₹0. Here is what we hold on it, and what we do not.

Not every figure here is checked

Checked against a published document: annual fee (Oct 2026), foreign transaction fee (Oct 2026), purchase APR (Oct 2026). Not yet checked with SBM Bank India: credit requirement. SBM Bank India’s own page is authoritative — confirm anything you rely on there before you apply.

Annual fee₹0per yearChecked sbm.bank.in
Top earn rateNot confirmedNot published by the issuer where we checked ()
Welcome offerNot confirmedNot published by the issuer where we checked ()
Apply on SBM Bank IndiaCompare this card
Opens SBM Bank India’s site
Ledger entry

The receipt

Every cost line we hold for the SBM Magnet Credit Card, exactly as recorded.

Annual fee
₹0Checked sbm.bank.in
Supplementary card
Not confirmed
Foreign transaction
2.49%Checked sbm.bank.in
Purchase APR
30%Checked sbm.bank.in
Income requirement
Not confirmed
Network
Not confirmed
Credit needed
NoneNot yet checked with SBM Bank India
Sign-up

The welcome offer

No welcome offer on file

We hold no published welcome offer for the SBM Magnet Credit Card. That may mean there isn’t one, or simply that we have not recorded it — SBM Bank India’s own page is the place to check.

Not published by the issuer where we checked ()
Rewards

What it earns

No earn rates on file

We hold no category earn rates for the SBM Magnet Credit Card. Rather than print a multiplier we cannot source, this stays blank until SBM Bank India’s own terms give us one.

Not published by the issuer where we checked ()
Included

Perks & benefits

Card benefits

  • FD-backed secured credit card
  • Helps build credit score
  • Earn unlimited Magnet coins as rewards
  • Earn FD interest up to 7% p.a. on the fixed deposit
Next step

Ready to apply for the SBM Magnet Credit Card?

You'll finish the application on SBM Bank India's own site. Terms can change without notice, so check the fee and offer there before you commit.

Apply nowOpens SBM Bank India’s site
Questions

Questions about the SBM Magnet Credit Card

How much is the SBM Magnet Credit Card annual fee?

The SBM Magnet Credit Card has an annual fee of ₹0. Weigh that against the rewards and perks you will actually use.

What does the SBM Magnet Credit Card earn?

SBM Bank India does not publish category earn rates for the SBM Magnet Credit Card where we checked (October 2026), so we do not print a multiplier.

What network is the SBM Magnet Credit Card on?

We hold no card network on record for the SBM Magnet Credit Card. The network determines where a card is accepted and which network-level benefits apply, so confirm it with SBM Bank India before you apply.

Is the SBM Magnet Credit Card available in India?

Yes — the SBM Magnet Credit Card is issued by SBM Bank India and is available to eligible applicants in India. Approval depends on the issuer's own credit and income criteria.

When were the SBM Magnet Credit Card figures last checked?

We checked its annual fee in October 2026, its foreign transaction fee in October 2026 and its purchase APR in October 2026, each against a published document. Not yet checked with SBM Bank India: credit requirement. Not published by SBM Bank India where we checked: earn rates and welcome offer. Terms can change without notice, so confirm the current details with SBM Bank India before you apply.