SIB-OneCard Credit Card
MyRupaya Ratings
उत्पाद विवरण
क्रेडिट कार्ड का नाम
SIB-OneCard Credit Card
Bank Name :
South Indian Bank
प्रकार
Regular Credit Card
ब्याज दर
41.88% per annum, or 3.49% per month
पात्रता
As per the bank approved policy
पेशेवरों
Reward System: Users will be awarded 1 point per Rs. 50 on all purchases (no exclusions). 1 RP = 0.10 Paisa. Cashback rate: 0.20%. 5 points per Rs. 50 on top 2 spend categories (automatically chosen each month based on highest spend). Cashback rate: 1%.
Lifetime-free credit card with zero joining and annual fees.
Premium metal-based card on the Visa Signature platform.
100% digital customer onboarding process.
Instant virtual card issuance.
Fully controllable from the OneCard app.
Among the lowest Forex fees in the market at just 1%.
Easy management of EMIs from the EMI Dashboard in the app.
Instant issuance of reward points and easy redemption within the app.
दोष
Limited reward redemption options: Users can only redeem reward points for gift vouchers or statement credits. There are no other redemption options, such as travel or merchandise.
No welcome bonus: The SIB-OneCard does not offer any welcome bonus, which is a common feature of many other credit cards.
Lower reward rate compared to some cards: While the 5X rewards on top 2 spend categories is good, some other cards offer even higher reward rates on certain categories.
Pre-approved only: Currently, the SIB-OneCard is only available to pre-approved customers of South Indian Bank. This means that not everyone will be able to apply for the card.
Limited customer reviews: As the SIB-OneCard is a relatively new card, there are not many customer reviews available yet. This makes it difficult to get a sense of what other people's experiences have been with the card.
पक्ष विपक्ष
Welcome Benefits
None
पुरस्कार प्रणाली
Users will be awarded 1 point per Rs. 50 on all purchases (no exclusions). 1 RP = 0.10 Paisa. Cashback rate: 0.20%. 5 points per Rs. 50 on top 2 spend categories (automatically chosen each month based on highest spend). Cashback rate: 1%.
अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
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
फ़ायदे
Lifetime Free: No joining fees or annual fees, making it a budget-friendly choice.
Rewards on All Spends: Earn 1 reward point for every Rs. 50 spent on all categories, no exceptions.
5X Rewards on Top 2 Spends: Maximize rewards on your 2 highest spending categories (groceries, dining, fuel, etc.) every month. Earn 5 points per Rs. 50 spent in these categories.
Low Forex Fee: Enjoy a competitive 1% fee on overseas transactions.
विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?
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.
सम्पर्क करने का विवरण
18602661111 ; help@getonecard.app
खाता खोलने की प्रक्रिया और प्रक्रिया
विशेष विशेषता, पात्रता और लाभ
Pros:-
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Cons:-
Reward System: Users will be awarded 1 point per Rs. 50 on all purchases (no exclusions). 1 RP = 0.10 Paisa. Cashback rate: 0.20%. 5 points per Rs. 50 on top 2 spend categories (automatically chosen each month based on highest spend). Cashback rate: 1%.
Lifetime-free credit card with zero joining and annual fees.
Premium metal-based card on the Visa Signature platform.
100% digital customer onboarding process.
Instant virtual card issuance.
Fully controllable from the OneCard app.
Among the lowest Forex fees in the market at just 1%.
Easy management of EMIs from the EMI Dashboard in the app.
Instant issuance of reward points and easy redemption within the app.
Limited reward redemption options: Users can only redeem reward points for gift vouchers or statement credits. There are no other redemption options, such as travel or merchandise.
No welcome bonus: The SIB-OneCard does not offer any welcome bonus, which is a common feature of many other credit cards.
Lower reward rate compared to some cards: While the 5X rewards on top 2 spend categories is good, some other cards offer even higher reward rates on certain categories.
Pre-approved only: Currently, the SIB-OneCard is only available to pre-approved customers of South Indian Bank. This means that not everyone will be able to apply for the card.
Limited customer reviews: As the SIB-OneCard is a relatively new card, there are not many customer reviews available yet. This makes it difficult to get a sense of what other people's experiences have been with the 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.
SIB-OneCard Credit Card
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
उत्पाद समीक्षा
फीस एवं प्रभार
Joining fee: Nil
Annual fee - Nil
Cash advance fee -2.50% of amount withdrawn (Min. Rs.300)
Late Payment charges- 2.50% of the total amount due( Max. Rs.1000) Card Cancellation Fee: Rs 3000
Interest Rate- 41.88% per annum, or 3.49% per month
Foreign Transaction Markup Fees- 1% of the Transaction amount
ईंधन अधिशुक्ल
INR 400 per month, per account.
Billing Cycle
30 Days