South Indian BankIs the Secured SIB One Co-Branded Credit Card Right for You?
The Secured SIB One Co-Branded Credit Card is best suited for users who prioritize International Spends, Premium. With a joining fee of Nil and a renewal fee of Nil, this card offers free entry for new applicants. It offers Reward Points as its primary reward mechanism, with a rewards rate of Not Applicable.
Key Card Details
Nil
Nil
Reward Points
1% (among the lowest in the market)
Notable Perks
Domestic Lounge
Not Applicable
International Lounge
Not Applicable
Insurance
Not Applicable
Fee Waiver
Not Applicable
Movie Benefits
Not Applicable
Golf
Not Applicable
Things to Consider
Requires a fixed deposit as collateral, potentially locking up funds for some users.
The Secured SIB One Credit Card is exclusively available for domestic resident customers only.
Lack of specific accelerated rewards on popular spending categories like travel or dining.
Benefits & Features
Welcome Offer
Not Applicable
Rewards Rate
Not Applicable
Reward Type
Reward Points
Reward Redemption
Reward points can be redeemed conveniently through the OneCard mobile application.
Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Premium Benefits
Not Applicable
Insurance Coverage
Not Applicable
Movie
Not Applicable
Dining
Not Applicable
Travel Benefits
Not Applicable
What matters, explained clearly
Secured SIB One Co-Branded Credit Card
Introduction
The Secured SIB One Co-Branded Credit Card is a lifetime free credit card specifically designed for domestic resident customers, backed by a fixed deposit. This premium VISA Signature credit card, issued by South Indian Bank in partnership with M/s OneConsumer Pvt Ltd, is re-imagined for Gen-Z customers, offering a seamless digital onboarding journey initiated through SIB Mirror+ and completed via the OneCard app.
Fees
- Joining Fee: Zero
- Renewal Fee: Zero
- Foreign Currency Markup: 1% (among the lowest in the market)
Rewards
- Attractive Reward Points are offered.
- Rewards can be redeemed in-app.
Rewards Redemption Guide
- Reward points can be redeemed conveniently through the OneCard mobile application.
Card Eligibility Criteria
- Available for domestic resident customers.
- The card is backed by a fixed deposit.
- There is no CIBIL score requirement.
Important Product Details
- It is a lifetime-free credit card.
- A metal credit card is offered for credit limits above Rs. 50,000.
- The card is backed by a fixed deposit.
- 100% of the fixed deposit amount is offered as the credit card limit.
- The customer onboarding process is 100% digital.
- A smart app is provided to control the card.
- Allows for contactless payments of up to Rs. 5,000 per transaction without a PIN.
- Minimum credit limit is Rs 20,000.
- Maximum credit limit is Rs 15,00,000.
- Issued as a premium VISA Signature credit card.
Other Details
- Application Process:
- Log on to the SIB Mirror+ Application.
- Navigate to Credit Card > Apply New Secured Credit Card.
- Eligible Deposits will be displayed (users can create a new fixed deposit if none exists).
- Select the deposit against which the credit card is to be availed.
- Enter the required credit limit (Min Rs 20,000 & Max Rs 15,00,000) and confirm.
- Click on "Get SIB One Co-Branded Credit Card" option to download the OneCard app and continue with the onboarding process.
- The card is issued by South Indian Bank in partnership with M/s OneConsumer Pvt Ltd.
- The card is re-imagined for Gen-Z customers.