South Indian Bank Secured SIB One Co-Branded Credit Card

Charge

• Rent payments on third-party apps/merchants: Transaction Fee of 1% over and above the merchant's convenience fee.
• Rent paid through the App: Convenience Fee up to 2% (no Transaction Fee), displayed at time of transaction.
• Fund transfers to third-party wallets or bank accounts: 1% on cumulative monthly transfers of ₹10,000 and above (w.e.f. 20 September, 2023).
• Card cancellation within 6 months of activating the virtual card: ₹3,000.
• Cash withdrawals attract a transaction fee plus a service charge (average daily outstanding basis).
• These are non-refundable.
• Additional charge levied on amount exceeding the credit limit.
• GST/statutory taxes applicable.
• Charges per MITC (Clause A).
• Changes made only with 30 days prior notice.

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Interest-free period

• Minimum Amount Due (MAD) is 5% of the outstanding amount or ₹100 (whichever is greater), plus previous unpaid MAD, plus any amount exceeding the credit limit, plus entire EMI instalments due.
• If Total Amount Due is less than ₹100, MAD equals the Total Amount Due i.e. ₹100.
• Payment must be made before the Payment Due Date to avoid Late Payment Charges.

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Fuel surcharge waiver

• Fuel surcharge waiver: lowest of 1% of the transaction amount or actual surcharge levied (excluding GST).
• Maximum fuel surcharge waiver capped at ₹400 per calendar month per account.
• Reward Points will not be accrued on fuel transactions.

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Redemption value

• No fee is levied to redeem reward points.
• Points can be redeemed via 'Pay with Points' (against transactions less than two months old) or for other offers/benefits in the App.
• Reward points do not expire and have lifetime validity, except: nullified if the card is not used for more than 365 days.
• Forfeited on card member's death, and on closure/termination of card membership.

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Reward cap

For categories such as Education, Bills & Utilities, and Insurance (as defined by MCCs), if eligible for 5X rewards, incremental rewards are offered only subject to the total rewards under these categories not exceeding 25,000 points (w.e.f. January 6, 2025).

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Reward exclusion

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Travel benefit

Card is an internationally valid credit card accepted worldwide at Merchant Establishments accepting Visa cards, except for payment in foreign exchange at Merchant Establishments in Nepal and Bhutan.

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Eligibility

• Card is issued against a fixed deposit.
• A lien is marked on the deposit held with South Indian Bank for issuance of the linked credit card.
• On maturity the deposit auto-renews for the original tenor while the card is live.
• Add-on cards: restricted to 5, only for individuals above 18 years of age, who must have a PAN Card and a Bank Account.

Verified · Terms & Conditions – Secured SIB One Co-Branded Credit Card · 2026-08-01 · source