South Indian Bank Credit Card – Compare Benefits & Apply Online

Meera had always been mindful of her expenses, balancing her IT job and dreams of a better lifestyle. She wanted to dine at good restaurants, travel more, and shop freely, but each month, unexpected bills would eat into her savings. That’s when she came across the South Indian Bank SimplySAVE SBI Card, a credit card that not only made her purchases more rewarding but also helped her manage her finances better.

For every ₹150 spent on groceries, a movie night, or a dinner date, Meera receives 10 reward points. As these points accumulated over time, she was able to use them to redeem benefits that reduced the cost of her living. What’s the best part? She was able to get her yearly charge of ₹499 fully waived by carefully controlling her spending and making sure she spent ₹1,00,000 a year.

What first appeared to be a financial hardship turned into a chance to make better spending decisions. With the South Indian Bank SimplySave SBI Card, Meera was able to improve her lifestyle while controlling her spending, whether it was by planning her next vacation or enjoying a weekend meal guilt-free.

Key Highlights of South Indian Bank Credit Card

Features of South Indian Bank Credit Card

South Indian Bank Credit Card Cashback and Rewards

South Indian Bank SimplySAVE SBI Card

• Welcome Offer: Earn 2,000 reward points upon spending ₹2,000 within the first 60 days of card issuance.
  
  
• Reward Points:
  
  • 10 reward points for every ₹150 spent on dining, movies, departmental stores, and groceries.

  • 1 reward point per ₹150 spent on all other purchases

     

• Fuel Surcharge Waiver: 1% waiver on fuel surcharge for transactions between ₹500 and ₹3,000 at any petrol pump in India.

   

South Indian Bank SBI Platinum Credit Card

• Welcome Gift: Receive gift vouchers worth ₹3,000 upon realization of the first payment.
  
  
• Reward Points:

  • 2 reward points for every ₹100 spent on all purchases.

     

• Fuel Surcharge Waiver: 1% waiver on fuel surcharge across all petrol pumps in India.

   

Secured SIB One Co-Branded Credit Card

• Reward Points:
  
  
  • 5X reward points on the top two spend categories every month.

  • 1 reward point for every ₹50 spent on other categories.

     

• Fuel Surcharge Waiver: 1% waiver on fuel surcharge for transactions between ₹500 and ₹3,000, capped at ₹400 per month.

   

These credit cards are personalised to improve your spending experience by providing attractive cashback and reward benefits across various categories.

South Indian Bank Credit Card Fees and Other Charges

South Indian Bank Credit Card Pros and Cons

Here are the pros and cons related to South Indian Bank Credit Card to consider before you make a decision:

• Diverse Card Options: To accommodate a range of purchasing patterns and financial requirements, South Indian Bank offers several credit cards, including the Secured SIB One Co-Branded Credit Card, SBI Platinum Card, and SimplySAVE SBI Card.

   

• Reward Programs: Cardholders can earn reward points in certain expenditure areas. For example, the SimplySAVE SBI Card earns 10 reward points for every 100 spent on groceries, department stores, eating out, and movies.

   

• Welcome Offers: New users may receive attractive welcome benefits. The SimplySAVE SBI Card provides 2,000 reward points upon spending ₹2,000 within the first 60 days.

   

• Fuel Surcharge Waiver: Certain cards offer a 1% fuel surcharge waiver across all petrol pumps in India, helping users save on fuel expenses.

• Lifetime-Free Options: The Secured SIB One Co-Branded Credit Card is a lifetime-free card with no joining or annual fees, making it cost-effective for users.

   

• Low Forex Charges: The Secured SIB One Co-Branded Credit Card offers a competitive foreign exchange markup fee of just 1%, beneficial for international travellers.

   

Cons:

• Annual Fees: The higher annual charge of ₹2,999 for some cards, such as the SBI Platinum Card, may be a factor for consumers on a tight budget.

   

• Reward Point Limitations: Reward points may have specific redemption criteria and may not apply to all spending categories.

   

• High-Interest Rates: Finance charges can be as high as 3.5% per month (42% per annum) on certain cards, which could be a concern for users who carry forward balances.

   

• Secured Card Requirement: The Secured SIB One Co-Branded Credit Card requires a fixed deposit as collateral, which might not be suitable for all users.

   

• Replacement Charges for Metal Cards: Replacing a metal-secured SIB One Co-Branded Credit Card incurs a fee of ₹3,000, which is relatively high.

   

Eligibility Criteria for South Indian Bank Credit Card

Required Documents to Apply for South Indian Bank Credit Card

How to Apply for a South Indian Bank Credit Card

Online Application Process

• Step 1: Go to the official South Indian Bank website: www.southindianbank.com.
  
• Step 2: Find the "Credit Cards" section under "Products" or "Services" on the website.
  

• Step 3: Choose a Card
   You have to choose the available credit cards and select the one that suits you

  
  

• Step 4: Click on the "Apply Now" or "Apply Online" button to be redirected to the application form.
  
• Step 5: Enter your personal details, contact information, employment details, and financial information.
• Step 6: Scan and upload the required documents (e.g., identity proof, address proof, income proof).
  
• Step 7: Double-check your information before submitting the application.
  
• Step 8: After submission, you'll receive an application reference number. Use it to track the status of your application online.
  
  

Offline Application Process

• Step 1: Go to your nearest South Indian Bank branch.
  
• Step 2: Ask for the credit card application form from a bank representative.
  
• Step 3: Complete the application form carefully and legibly.
  
• Step 4: Attach photocopies of the required documents (e.g., PAN card, address proof, etc.)
  
• Step 5: Submit the completed application form and documents to the bank representative.
  

• Step 6: Make sure to obtain an acknowledgment receipt for your application.

   

South Indian Bank Credit Card Customer Care

South Indian Bank offers dedicated customer care support for its credit cardholders, ensuring assistance is readily available for various queries and concerns. Below are the key contact details:

General Customer Care:

• Toll-Free Numbers (India): 1800 425 1809 or 1800 102 940
  

These channels are available 24/7 to address general inquiries, report lost or stolen cards, and provide support for credit card-related issues.

NRI Customer Support:

• Phone: +91 484 6689600 or +91 484 2388555

Non-Resident Indian customers can reach out to these numbers for specialized assistance.

SIB One Co-Branded Credit Card Support:

• IVR Support: 1800 210 9111
  

For issues or queries specific to the SIB One Co-Branded Credit Card, customers can contact the above helpline or email.

Reporting Fraud or Unauthorized Transactions:

• Phone: 0487-2421297

  
  

If you suspect any fraudulent activity or unauthorized transactions on your credit card, promptly report them using the provided contact details.

For further information or to access additional services, you can visit the South Indian Bank Customer Care Centre.

Conclusion

A variety of credit cards from South Indian Bank are available to meet the demands of different types of customers by combining rewards, convenience, and special perks. The SimplySAVE and Platinum credit cards, which are co-branded by the bank and SBI Cards, provide enticing benefits like fuel fee waivers, welcome bonuses, and reward points for regular purchases. 

For instance, the SimplySAVE SBI Card provides 10 reward points per ₹100 spent on dining, movies, departmental stores, and groceries, along with a welcome offer of 2,000 reward points upon spending ₹2,000 in the first 60 days. 

Frequently Asked Question         

Q. Minimum CIBIL score for a South Indian Bank credit card? 

Although the precise minimum CIBIL score may differ based on the particular card and internal SIB policies, a score of 750 or higher is generally regarded as good and will greatly increase your chances of being approved.

Q. Annual charges for a South Indian Bank credit card?

The annual fee varies based on the credit card type. For precise information, consult the SIB website's individual card details or speak with a bank representative.

Q. How to Apply for a South Indian Bank Credit Card Online?

Go to www.southindianbank.com, the bank's official website, to apply for a credit card online. Proceed to the "Credit Cards" area, pick the appropriate card, and press "Apply Now." After entering your personal, contact, work, and financial information, submit the required files (such as evidence of identity, proof of address, and proof of income). Once your information has been reviewed, submit the application. You will be given an application reference number to monitor the progress of your application after it has been submitted.

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