Key Insights 
 

1. To get your card, you need to be between 21 and 65 years old, earn at least ₹18,000 per month, and provide valid ID, address, and income documents.

2. If you are salaried, submit your recent payslips. If you are self-employed, provide your ITRs and financial statements for approval.

3. You can improve your chances of approval by keeping your credit score above 750, managing your debts carefully, and paying your bills on time.

The South Indian Bank offers a wide range of credit cards with a discount on almost every transaction. 

South Indian Bank offers  SIB One Co-Branded Credit Card, which serves as a counterpart to the South Indian Bank Platinum Card, which has an annual fee of ₹3,000.

If you use the South Indian Bank Credit Cards, you have to fulfil the eligibility criteria, which show that you can use the South Indian Bank Credit Card. 

In this blog, you can learn about the parameters of South Indian Bank Credit Card eligibility, including Credit Card Eligibility for Salaried & Self-Employed individuals.

You can also learn SIB Credit Card Eligibility for Popular Cards, and Tips to Improve Your Eligibility for an SIB Credit Card. 

South Indian Bank Credit Card Eligibility Parameters

There are specific parameters that you must fulfil if you want to use the South Indian Bank Credit Card.

Here are the eligibility parameters for the South Indian Bank credit card:
 

These are the parameters of the credit cards, which need to be fulfilled if you want to use the south indian bank credit card.

South Indian Bank Credit Card Eligibility for Salaried & Self-Employed

For the Credit Card, you need to provide income sources, and there are two options to earn for salaried and self-employed, but what is the eligibility for a salaried and self-employed person?

Here are the eligibility criteria for salaried and self-employed individuals.

South Indian Bank Specific requirements for salaried individuals

Here is the list.
 

• To show your income, provide your last three months' salary slips or your Form 16.
   
• If you have a credit history, there are no restrictions on employers. If you are new to credit, you may need to work for a preferred employer.

These guidelines outline the requirements for salaried individuals, and you can apply for the South Indian Bank credit card using the application form.

South Indian Bank Specific requirements for self-employed individuals

Here is the list.
 

• To prove your income, submit your Income Tax Returns for the past year along with audited financial statements such as balance sheets and profit and loss accounts.
   
• It is essential to have a strong credit history and a good credit score.

These are the eligibility criteria for a business person and self-employed for the South Indian Bank Credit Card.

Bonus Tip: Do you know? You can download your South Indian Bank Salary Slip through Net banking and SIB Mirror+.

South Indian Bank Credit Card Eligibility for Popular Cards

South Indian Bank offers several popular credit cards, but do these cards have different eligibility criteria?

Let’s see the SIB popular credit card eligibility criteria.

1. South Indian Bank SimplySAVE SBI Card

Age: Minimum 18 years old.

Income: Stable monthly income (minimum income criteria specified by the bank).

Credit History: Good credit score preferred.

Residency: Available for residents and non-residents of India. 

2. South Indian Bank SBI Platinum Credit Card

Age: Between 21 and 60 years old.

Income: A higher income bracket is required (specific figures provided by the bank).

Credit History: A strong credit history and high credit score are essential.

Residency: Open to Indian residents and NRIs.

These two cards are popular with South Indian Bank customers because they are affiliated with SBI. You can check both cards on the SBI and South Indian Bank websites.

Tips to Improve Eligibility for South Indian Bank Credit Card

You can increase your chances of getting a credit card in the South Indian Bank. You just need to follow these tips.

Here are the tips to improve eligibility for the South Indian Bank Credit Card.

Credit Rating: To qualify for a South Indian Bank Credit Card, you need a credit score of at least 750. If your score is higher and closer to 900, you may be offered a card with a higher credit limit.

Debts already owed: Paying your bills on time is essential, but your income is also considered when deciding your creditworthiness. If you have debts and can demonstrate your ability to repay them, you may qualify for a higher SIB credit card limit.

Timely Payment: Pay your bills on time, including loans, debts, phone, energy, and other utilities. Avoid maxing out your credit card, and refrain from overspending simply because you have a budget in place.

These are things you can follow to improve your chances of getting a South Indian Bank Credit Card.

Conclusion

South Indian Bank offers a variety of credit cards, each with its own eligibility criteria for customers. You can improve your chances of getting a South Indian bank credit card with these tips.

There are specific parameters that you must fulfil, including credit card age, minimum income, and documentation.

FAQS

Is it worth getting a card partnered with South Indian Bank?

If you are considering a card from South Indian Bank, whether it is a good choice depends on your spending habits and financial goals. The bank offers several cards with benefits such as welcome bonuses, reward points, fuel surcharge waivers, and credit-building options.

How can I track the status of my Credit card application in the South Indian Bank?

To track your South Indian Bank credit card application, you can call customer care, visit a branch, or check online on the bank’s website.

Who is eligible for a credit card from South Indian Bank?

Salaried and self-employed individuals who meet the requirements can apply for a South Indian Bank credit card.

Does South Indian Bank have any co-branded credit cards with SBI?

Yes, the South Indian Bank SimplySAVE SBI Card is a co-branded credit card offered with SBI.
 

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LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.