SBM Magnet Gild Card

Apply for the best credit card of Sbm Bank

Last updated:10-Aug-2024
SBM Magnet Gild Card
  • Best suitable for: Cashback
  • Joining Fee: ₹ Joining Fee for FD of 10000/-and plus + GST
  • Annual Fee: ₹ NIL + GST
  • Welcome Benefits: NA
Sbm Magnet Gild Card

SBM Magnet Gild Card: Fees & Charges

Type of fee or charge Amount (Rs.)
Joining Fee:₹ Joining Fee for FD of 10000/-and plus
Annual/Renewal Fee:₹ NIL
Finance Charges:2.5% per month with APR of 34.49%
Spend Based Waiver:Not Applicable
Over Limit Penalty:exceeding your credit limit may result in declined transactions
Rent Payment chargesNULL
Forex Charges:3.0% of the transaction value
Minimum Repayment Amount:5% of Total outstanding + All charges/fees/taxes + EMI
Cheque Return Fees:500/- per returned cheque
Late Payment Charges:Flat 2.5% of Amount Overdue (Minimum: Rs. 1000) + GST

SBM Magnet Gild Card: Eligibility & Documentation


1. Aadhaar card, Passport, PAN card as your Identity proof
2. Any Utility bill, Passport, or Voter ID as your address proof
3. Salary slips, bank statements, or IT returns as your income proof

SBM Magnet Gild Card: Cash Advance and Charges

Cash Advance or Withdrwan Fee: 2.5% (Min. INR 300) of the cash amount
Cash Advance Withdrwan Limit: 40% of the card limit
Cash Payment at Bank Branch: NIL

Add-on Card facility: NIL

Card replacement fee: Rs 249 + GST

Rewards Redemption Fee: -

Domestic lounge:

International Lounge:

Fuel Surcharge:1% fuel surcharge refunded for transactions between 400 to 5,000 and Maximum of 400 per month.

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