Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • SIB OneCard Credit Card

    The OneCard Credit Card is the result of a partnership between South Indian Bank (SIB) and FPL Technologies Private Limited (FBL). Apart from a physical credit card, you will also receive a virtual credit card through the OneCard mobile application. The virtual card can be used for purchases both online and on mobile application and is powered by VISA.

    Key Highlights of SIB OneCard Credit Card

    The key highlights of the SIB OneCard are as follows:

    • No joining or annual fees
    • No fees for rewards redemption
    • OneCard mobile app enables easier management and control of the card
    • Swipe to Pay without the need for OTP for online purchases

    Features and Benefits of SIB OneCard Credit Card

    Top two categories of spends attract 5x reward points

    • All categories of spends earn reward points.
    • Earn one reward point for every Rs.50 spent.
    • No restriction on amounts for reward points.
    • Instant credit of points.
    • No expiry of reward points.
    • Even fractional points in reward points without rounding off.
    • Payments can be made in Equated Monthly Instalments (EMI).
    • Reward points for EMI payments.

    How to Redeem Reward Points on SIB OneCard Credit Card

    You can redeem your reward points through the OneCard mobile application by following the steps given below:

    • Step 1: Navigate to the section for OneRewards.
    • Step 2: Tap on Use Points.
    • Step 3: Choose from cash credit or transaction to redeem your points by swiping from right to left.
    • Step 4: Long press on your selection.
    • Step 5: Pull down the selection to use the reward points.

    Fees and Charges on SIB OneCard Credit Card

    Type of Fee Charges
    Primary cardholder Joining Fee Nil
    Add-on cardholder Joining Fee Nil
    Annual Membership Fee Nil for both primary and add-on cardholder
    Re-issuance Fee
    • Plastic card - Nil
    • 2nd card onwards - Rs.145
    • Metal card - Rs.3,000
    Cancellation Fee Rs.3,000 (within 6 months of activation of virtual card)
    Interest
    • Within 48 days: No interest
    • Monthly: 2.5%-3.5% per month
    • Annualized: 30%-42%
    Minimum Amount Due Minimum Rs.100, 5% of total due amount
    Cash Advance Fee/ATM Withdrawal Fee Minimum Rs.300, 2.5% of withdrawn amount
    Late Payment Fee Maximum Rs.1,000, 2.5% of total due amount
    Overlimit Fee 2.5% of overlimit amount
    Forex Markup Fee 1%
    Rewards Redemption Fee Nil

    Note: Goods and Services Tax (GST) will be applied on all charges, interest, and fees for the card and is liable to change as per government regulations.

    SIB OneCard Credit Card Eligibility Criteria

    The eligibility for the SIB OneCard credit card depends on your credit score which will be generated from your credit reports from Experian and CIBIL credit bureaus. Apart from this, you must be:

    • A minimum of 18 years of age
    • Indian citizen
    • A PAN card holder
    • A resident of a city where the card is available

    Documents Required to Apply for SIB OneCard Credit Card

    • The documents required for successful application for the SIB OneCard credit card is PAN card number and valid proof of residence and address.

    How to Apply for SIB OneCard Credit Card

    You can apply for the SIB OneCard credit card through the mobile application. For this, all you have to do is download the OneCard mobile application from the App Store or Google Play Store. Fill in the required details, mobile number, email address, residential address where the physical card can be delivered, and PAN number. The offer for the credit card will be delivered in a few minutes. After acceptance, the virtual card will be activated instantly. The physical card will be delivered to you registered address within a few days.

    FAQs on SIB OneCard Credit Card

    1. Is there a waitlist now for the SIB OneCard credit card?

      There is no waitlist right now for the OneCard credit card. You can apply for it directly through the OneCard mobile application.

    2. What is the interest rate for SIB OneCard EMI payments?

      EMI payments have an interest rate of 1.33% per month.

    3. What is the repayment tenure for EMIs for the SIB OneCard EMI payments?

      The repayment tenure ranges from three months to two years for the SIB OneCard EMI payments.

    4. What is the minimum purchase for converting spends to EMIs in the SIB OneCard?

      The minimum purchase amount for converting a spend to an EMI for the SIB OneCard credit card is Rs.2,500.

    5. How many reward points are required for redemption for the SIB OneCard credit card?

      The minimum reward points required for redemption for the SIB OneCard credit card is 100 reward points which can be used as cash or against a transaction.

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