Spar SBI Credit Card vs SBM Magnet Credit Card
Joining Fees
₹499
₹0
Editor's Rating
2.5
Key Features
- Cumulative milestone benefits up to 16,000 RP worth Rs 4,000
- On annual spends of Rs 20,000 across all Landmark Stores, avail 1,000 bonus Reward Points
- On annual spends of Rs 45,000 across all Landmark Stores, get 2,000 bonus Reward Points
- Earn 5,000 bonus Reward Points on annual spends of Rs 95,000 across all Landmark Stores
- 1% fuel surcharge waiver
- FD backed credit card helping to build credit score while earning unlimited magnet coins as rewards
- Enjoy a lifetime-free credit card with no renewal fees
- No documents or income verification required. Just a simple application and guaranteed approval
- Welcome Benefit: Receive 5,000 ZET Coins valued at Rs. 500. These coins can be used to purchase vouchers for popular brands like Amazon, Flipkart, and Swiggy
- Save smart with up to 7% interest on your FD - all insured by RBI
- Get 5% Cashback/Rewards on Top Brands like Amazon, Flipkart, Myntra, Domino and more credited as real Cashback that can be directly transferred to your bank account
- 8% Rewards on Flipkart
- 20% Rewards on Myntra
- Up to 15% Rewards on All Major Platforms
- Enjoy up to 20% savings on Swiggy, Zomato, MakeMyTrip, BookMyShow, and many more
- 3 Fast-track your approval process
- RuPay Credit Card- Instantly link to UPI apps
- Enjoy up to 45 days of interest-free credit - pay later with zero interest
- 1% Fuel Surcharge Waiver
Editor's Review
Pros
- Welcome benefits include getting 2,000 bonus reward points equivalent to Rs. 500 on payment of Annual Fees
- Spar SBI Card can be used in over 24 million outlets globally, including 3,25,000 outlets in India
- Earn 5,000 bonus Reward Points on annual spends of Rs 95,000 across all Landmark Stores
Cons
- No Golf/coaching sessions
- Priority Pass Lounge Charges: Through the Priority Pass Program, airport lounge visits within India will be charged with 19 usage fee of $27 per visit + applicable taxes. Moreover, airport lounge visits outside India after exhausting the complimentary visits will be charged with usage fee of $27 per visit + applicable taxes
Pros
- FD backed credit card helping to build credit score while earning unlimited magnet coins as rewards
- Enjoy a lifetime-free credit card with no renewal fees
- Get 5% Cashback/Rewards on Top Brands like Amazon, Flipkart, Myntra, Domino and more credited as real Cashback that can be directly transferred to your bank account
Cons
- No travel benefits
- No golf benefits
- No complimentary domestic or international airport lounge access
