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SIB Onecard Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
The value of 1 reward point = INR 0.10.
Users will get 2 reward points for every INR 100 spent on fuel, dining, and travel.
Fuel+ Cashback Rate: 0.2%
User will get 1 reward point for every INR 100 spent on other purchases.
General Cashback Rate: 0.1%.
Cardholders will get 5x reward points on top two categories of spends such as travel, groceries, entetainment each month.
Special Cashback Rate: 1%.
Movie Benefits
Cardholders will get 5x reward points on top two categories of spends such as travel, groceries, dining, entetainment each month. Special Cashback Rate: 1%.
Dining Benefits
Cardholders will get 5x reward points on top two categories of spends such as travel, groceries, entetainment each month. Special Cashback Rate: 1%.
Other Benefits
Premium metal-based card on the Visa Signature platform.
100% digital customer onboarding process.
Instant virtual card issuance.;
Amongst the lowest Forex fees in the market at just 1%.
Lifetime free card with easy application process.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
The value of 1 reward point = INR 0.10.
Users will get 2 reward points for every INR 100 spent on fuel, dining, and travel.
Fuel+ Cashback Rate: 0.2%
User will get 1 reward point for every INR 100 spent on other purchases.
General Cashback Rate: 0.1%.
Cardholders will get 5x reward points on top two categories of spends such as travel, groceries, entetainment each month.
Special Cashback Rate: 1%.
Movie Benefits
Cardholders will get 5x reward points on top two categories of spends such as travel, groceries, dining, entetainment each month. Special Cashback Rate: 1%.
Dining Benefits
Cardholders will get 5x reward points on top two categories of spends such as travel, groceries, entetainment each month. Special Cashback Rate: 1%.
Other Benefits
Premium metal-based card on the Visa Signature platform.
100% digital customer onboarding process.
Instant virtual card issuance.;
Amongst the lowest Forex fees in the market at just 1%.
Lifetime free card with easy application process.
Lounge Access
None.
Fees & Charges of
SIB Onecard Credit Card
Joining Fee
Nil
Annual Fee
Nil
Cash Advance Fee
Cash advance fee -2.50% of amount withdrawn (Min. Rs.300)
Interest rate
Interest Rate- 41.88% per annum, or 3.49% per month
Late Payment Fee
Late Payment charges- 2.50% of the total amount due( Max. Rs.1000) Card Cancellation Fee: Rs 3000
Foreign Currency Transactions Fee
1%
Other Fees
Foreign Transaction Markup Fees- 1% of the Transaction amount
Joining Fee
Nil
Annual Fee
Nil
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate- 41.88% per annum, or 3.49% per month
Late Payment Fee
Late Payment charges- 2.50% of the total amount due( Max. Rs.1000) Card Cancellation Fee: Rs 3000
Foreign Currency Transactions Fee
1%
Other Fees
Foreign Transaction Markup Fees- 1% of the Transaction amount
Fee and Charges of
SIB Onecard Credit Card
Special Features
Fully controllable from the OneCard app.
Among the lowest Forex fees in the market at just 1%.
Eligibility Criteria
As per the bank approved policy
Speical Feature, Eligibility and Benefits of
SIB Onecard Credit Card
How to apply for Credit Card?
Currently Pre-Approved Only: Currently available only to pre-approved customers of South Indian Bank.
Check for Eligibility: You can check your pre-approval status on the OneCard website or mobile app.
Digital Onboarding: If pre-approved, complete the application online with minimal documentation.
Instant Approval: Upon successful application, receive instant approval and start using your virtual card.
Contact Details
18602661111 ; help@getonecard.app
Account Opening and Procedure of
SIB Onecard Credit Card
The SIB-OneCard Credit Card offers a promising combination of a lifetime-free metal card, instant virtual card, digital experience, and reward points on all spends. However, its limited availability, lower reward rate, high interest rate, and lack of extensive partner offers are drawbacks to consider. If you're a pre-approved South Indian Bank customer looking for a basic, no-frills card with the convenience of a metal card and digital features, it's worth exploring. However, for wider acceptance, faster rewards accumulation, or established benefits, comparing with other options might be advisable.
The SIB-OneCard Credit Card offers a promising combination of a lifetime-free metal card, instant virtual card, digital experience, and reward points on all spends. However, its limited availability, lower reward rate, high interest rate, and lack of extensive partner offers are drawbacks to consider. If you're a pre-approved South Indian Bank customer looking for a basic, no-frills card with the convenience of a metal card and digital features, it's worth exploring. However, for wider acceptance, faster rewards accumulation, or established benefits, comparing with other options might be advisable.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai