Magnet - FD backed Credit Card

Build your credit score with Magnet

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  1. No credit checks
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  2. Approval guaranteed
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  3. Lifetime free
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  4. Flat 1% rewards
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Banking Partner: 

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Magnet is exclusively available on ZET

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Start building your credit score to unlock savings

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3 easy steps to build your score

1

Download ZET to get Magnet

Download ZET to get Magnet
2

Create FD with SBM Bank & activate your card

Create FD with SBM Bank & activate your card
3

Improve your score with timely repayment

Improve your score with timely repayment

Earn upto 7% p.a. interest on FD*

FD backed by SBM Bank

Earn upto 7% p.a. interest on FD*

*T&C apply

Flat 1%* rewards on all transactions

Flat 1%* rewards on all transactions

*T&C apply

Deposit starting as low as ₹5000

Deposit starting as low as ₹5000

Get 90% of your FD as credit limit

Get 90% of your FD as credit limit

Interest-free credit period up to 45 days

Interest-free credit period up to 45 days

FD Secured by DICGC

SBM Bank (India) Ltd is registered with DICGC for the deposit insurance scheme under the DICGC Act 1961. For more information you can visit https://www.dicgc.org.in/

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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

What our customer say about us ?

Gurumohan Raodevalla

Gurumohan Raodevalla

Quality In-charge

Up until last year, my credit score was 0. Today, after a year of using the Magnet Secured Credit Card, my score is 750. I would really recommend Magnet to all users who want to build their credit score from scratch.

Shriya

Shriya

Self-employed

Magnet Secured Credit Card is a sureshot way for credit building. It increased my credit score from 730 to 770 within just three months of usage.

Ravi

Ravi

Sales Manager

I used Magnet Secured Credit Card for 6 months. Before getting Magnet, my score was around 640. After using Magnet, it became 750+.

Get started with Magnet

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