South Indian Bank is a distinguished bank in the Indian private banking sector. It offers distinguished banking services, products, and facilities. The bank designs different credit cards to meet the financial requirements of the customers. Learn about the best type of credit cards from SIB.
South Indian Bank Simply Save SBI card
South Indian Bank Simply Save SBI card is an international credit card with several attractive features and multiple benefits. The card gets accepted over 24 million merchant outlets across the world. The cardholder receives a welcome gift of 2000 reward points. The cardholder gets 2.5% value back using the card for grocery and departmental store purchases. Spending Rs 100, the user receives one reward point. On first ATM withdrawal, the user gets cashback worth Rs 100.
Spending Rs 2000 on the card within the first 60 days, the user will earn 2000 bonus reward points. The user is eligible for fuel surcharge-waiver on using the card for fuel purchase worth Rs 500-3000. You can apply for add-on cards for your family members. You can use the card for ticket booking, utility bill payment, retail purchase, etc.
The users can access the EMI facility with the card and convert the transactions exceeding Rs 2500 into monthly installments. The annual fee for availing the card and card renewal is Rs 499. The bank offers a grace period of 20-50 days. The monthly finance charge is 3.35%. The over-limit fee is 2.5% of the amount. The fee for reward point redemption is Rs 99, and Rs 100 is the card replacement fee.