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    Andhra Bank Signature Credit Card Reviews

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    Andhra Bank Signature Credit Card

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

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    Overview:

    The Andhra Bank Signature Credit Card is a premium card that caters to the elite. The card carries a host of benefits that include airport lounge access, concierge services, special VISA discounts, fuel surcharge waivers and lost card insurance. You can also opt for group personal accident insurance at a nominal premium. The card is EMV chip and PIN enabled which provides extra security against fraud and duplication. The card has a number of appealing features such as the roll over facility which allows you 20 to 51 days interest free periods. Every transaction gets a fresh credit period. Furthermore, you can withdraw cash up to 50% of your credit limit and pay it back by the due date with absolutely no interest charged.

    Benefits:

    • Airport Lounge Access:

      With your Andhra Bank Signature Card, you have exclusive access to selected airport lounges the nominal fee of US$ 27 will be applicable.

    • Exclusive offers:

      You are entitled to offers and discounts provided by VISA on a season to season basis. Get great deals on Entertainment, Dining, Retail and Travel.

    • Concierge Services:

      Andhra Bank in association with VISA provides concierge services that include making hotel and restaurant reservations, booking flights, sending flowers and gifts and more.

    • Fuel Surcharge waiver:

      Enjoy filling up your tank with no extra charges on your Andhra Bank Signature Card. No surcharge is levied on fuel purchases up to Rs. 4,000 per day.

    • Lost Card Insurance:

      Be worry free with your Andhra Bank Signature Credit Card. Get coverage of up to Rs. 1.50 lakhs in case of lost card liabilities.

    • Cash Advance:

      Withdraw cash from any ATM as and when you require. The cash advance fee is 2%. No service charge is levied if the cash is paid back in full by the due date.

    • Group Personal Accident Insurance:

      Andhra Bank offers optional group personal accident insurance at nominal premiums to cardholders. Get coverage for up to Rs. 30 lakhs for the main and add-on cardholder. The premium will be charged at Rs. 1,401 per card.

    Features:

    • EMV Chip and PIN:

      The Signature Credit Card has an embedded chip that enhances protection against fraud and duplication. The card is also PIN enabled which requires you to authenticate every transaction with a code.

    • Revolving Credit:

      Avail of 21-50 days interest-free periods on your Signature credit card. Each purchase gets a fresh credit period. The finance charges are 2.5% per month on balances carried forward.

    • Utility Bill Payment:

      Pay your bills easily through VISA bill pay. Make sure you’re never late on a payment with your Andhra Bank Signature Credit Card.

    • Low Service Charges:

      Under the roll over facility, service charges are only 1.50%.

    • High Credit Limit:

      Andhra Bank offers high credit limits on this credit card. The minimum credit limit on this card is Rs. 2 lakhs.

    • Annual Fee Waiver:

      Spend at least Rs. 2.70 lakhs in one year and the annual fee from the second year will be waived.

    • Statements and Summaries:

      Get your statements via post and e-mail. At the end of the year, Andhra Bank will send you a detailed summary of your activity and spending patterns

    • 24x7 Customer Care:

      Contact the Andhra Bank Customer Care anytime and anywhere to find out about your outstanding balance, details of transactions, card usage, cash limit, and to even report lost cards.

    Important Fees and Charges:

    Charge Amount
    Joining Fee Nil
    Annual Fee Free for the first year. Waived if Rs. 2.7 lakhs is spent in the previous year.
    Add on Card Nil
    Interest on revolving credit 2.5% per month (30% per annum) if the minimum due has been paid by the due date. 2.95% per month in case the minimum payment is missed.
    Minimum due 5% of the billed amount.

    Other Fees and Charges:

    Charge Amount
    Cash advance limit 50% of the credit limit, subject to a maximum of two transactions or Rs. 20,000 per day.
    Cash advance transaction charge 2% of transaction amount
    Cash withdrawal at Andhra Bank ATMs 3% of the withdrawn amount.
    Cash withdrawal at other Bank ATMs 3% of the withdrawn amount plus Rs. 50 on Mastercard and Rs. 70 on VISA.
    Over limit charges Nil
    Fuel surcharge 2.5 % of the transaction subject to a minimum of Rs. 10. No charge for fuel purchases up to Rs. 4,000 per day at HPCL outlets.
    Booking Railway ticket charges 2.5% of the transaction amount.
    Other surcharges 2.5% of the transaction amount subject to a minimum of Rs. 10.
    SMS alerts Rs. 15 per on a quarterly basis (Rs. 60 per year).
    Chargeslip request Rs. 100 per slip
    Cheque return Less than Rs. 5,000 - Rs. 50 per cheque Above Rs. 5,000 - Rs. 100 per cheque
    Outstation cheque collection Rs. 10 for each Rs. 1,000 or part thereof. An additional Rs.25 will be charged for out of pocket expenses.
    Lost card charges Rs. 200
    Card replacement Rs. 200
    Foreign Currency Transaction Markup 3% only on international transactions
    Service Tax Currently charged at 12.36% of the amount of Service Charges. (Service tax @12% + 2% Education Cess on 10% +1% Secondary & Higher education Cess on 12%)

    Late Payment Charges:

    Outstanding Balance Fees
    Up to Rs. 5,000 Rs. 200
    Rs. 5001 to Rs. 15,000 Rs. 300
    Above Rs. 15,000 Rs. 400

    Eligibility Criteria for Andhra Bank Signature Credit Card:

    Customers who meet the eligibility requirements can apply for this card. To be eligible for an Andhra Bank Signature Credit Card, you need to fit the criteria below.

    • You should be an existing customer of Andhra Bank. Non customers are considered on selective basis.
    • You should be earning at least Rs. 10 lakhs per annum.
    • For applicants without income proof, you should have a term deposit with Andhra Bank. The limit on the credit card will be 75% of the value of the deposit.

    Documents required:

    • Duly-filled and signed application form.
    • Two passport size photographs (color).
    • Copy of PAN card.
    • ID proof as per KYC norms if PAN card copy is not provided.
    • Address proof.
    • Scoring model signed by the Branch Manager
    • Latest Salary Slip/Form 16 or 2 years latest IT returns.

    Andhra Bank Signature Credit Card FAQs:

    1. Where is my Signature Credit Card accepted?

      Your Andhra Bank Signature Credit Card is valid at any merchant establishments which accept VISA and Mastercard cards. The card can also be used to transact online, pay through IVRS, teleshopping and mail order.

    2. What is revolving credit?

      Revolving credit facility allows you to pay the minimum due on your credit card by the payment due date and carry forward the rest of the balance. Interest will be levied on the balance carried forward at 2.5% per month if the minimum payment due is met. If the minimum payment is missed, then the charges are increased to 2.95% per month. You can get 20 to 51 days free credit periods.

    3. How do I pay my credit card dues?
      • You can pay your credit card bill by cheque, DD or cash at any of the Andhra Bank branches.
      • You can opt to pay your bill via Andhra Bank ATMs using your Andhra Bank debit card. You need to register with your branch to use this facility.
      • For account holders, you can set a standing instruction to pay the full amount or the minimum due. The amount will be directly debited from your bank account on the due date.
      • You can also pay through NEFT.
    4. What is the minimum amount due?

      Out of your total billed amount, 5% has to be paid by the due date every month. This ensures that you do not attract any penalties and higher interest charges.

    5. For whom can I take add on cards?

      You can apply for an add on card for your parents or children. The credit limit will be shared amongst both cards. The usage, fees, and bills will be charged to the main cardholder.

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