Syndicate Bank Global Credit Card

Syndicate Bank is one of India's major and oldest commercial banks. It offers a host of banking-related products and services that include loans and deposits. Syndicate Bank plays a pivotal part in the financial development of the rural sector by making banking services available in remote areas as well as developing financial literacy.

Syndicate Bank offers the Global Credit Card to its customers. The Global Credit Card comes in two variants, the Classic and the Gold, depending on your income levels. The Global Credit Card is issued free of cost with no annual fees attached. Enjoy low rates of interest and earn rewards with the Syndicate Global Credit Card.

Types of Syndicate Bank Global Credit Card:

Classic Credit Card - This card can be availed by individuals drawing a salary or pension of at least Rs. 60,000. Self-employed, professionals and the businesses need to be earning an income of Rs. 1 lakh per annum.

Gold Credit Card - Salaried individuals earning at least Rs. 1 lakh per annum can apply for this card. Businesses, professionals and self-employed people should have an annual income of Rs. 2 lakhs minimum. Senior citizens and pensioners are not eligible for this credit card.

Syndicate Bank Global Credit Card Benefits:

• Rewards:

  Earn 1 reward point for every Rs. 200 spent on your Syndicate Bank credit card. These reward points can be later redeem against your renewal fees, or you can cash it in. Each reward point is equal to 50 paise. You can encash reward points in multiples of 500 points, and the value will be credited to your credit card account.

• No annual fees:

  There are no joining fees with this card. You also will not incur any annual fees. The cards are issued with a 3-year validity. A renewal fee may be applicable in the anniversary year.

• Low interest rates:

  Syndicate Bank offers one of the lowest finance charges at 2% per month. The highest rate of interest you can incur is 2.5% per month in case you default on your payments.

• Cash advance:

  Withdraw cash up to 15% of your credit limit with a Classic Credit Card, and up to 25% of your credit limit with the Gold Credit Card. Concessional charges are levied on cash advances made through Syndicate Bank ATMs.

• Card Loss Liability:

  Report the loss of your card immediately to Syndicate Bank and you will not have to bear liabilities for fraudulent charges on your credit card. Syndicate Bank limits the card loss liability to Rs. 1,000 after notifying the bank.

Syndicate Bank Global Credit Card Features:

• Global Acceptance:

  Use your Syndicate Bank credit card at over 9 lakh merchant outlets in India, and over 300 million merchants around the globe. You can also use the card online, for mail orders and teleshopping.

• Global Cash withdrawal:

  Syndicate Bank has more than 1700 ATMs where customers can withdraw cash. The card can also be used at more than 1.2 lakh ATMs of other banks in India and more than 25 lakh ATMs over the world.

• Interest-free credit period:

  Syndicate Bank offers 20 days to 50 days credit period on your purchases depending on the date of transaction and if the previous balance is cleared in full.

• 24-hour customer care:

  The 24/7 Syndicate Bank credit card customer care service is there to help you around the clock. You can inquire about your balance, report loss or theft of your card, check transactions, find out why your card was declined and much more.

• Supplementary cards:

  You can avail of add-on cards for your family members and share the benefits of the Syndicate Bank Global Credit Card with them. Minors are not eligible.

Important Fees and Charges:

Late payment charges:

• If you fail to pay the Minimum Due by the Payment Due Date, you will attract a higher interest rate of 2.5% per month or 30% per annum which will be calculated for all transactions from the date of transaction on a monthly basis.
• If you fail to pay the Minimum Due for two billing cycles, then your card will be blocked and a temporary suspension will be levied on your card operations.
• Missing three payments will result in the card being hot listed.

Eligibility:

Syndicate Bank credit cards are offered to pre-approved customers with a prefixed credit limit without any eligibility criteria or income proof required. These include home loan, term deposit, pigmy deposit, car loans customers, defence personnel and Judges. For others, the following is the criteria set by Syndicate Bank to avail of a Global Credit Card.

• Minimum age is 21 years.
• The maximum age for salaried individuals is 60 years. For self-employed people, it is 65 years. Senior citizens and pensioners below 75 years can avail of a Classic card only.
• You should be a resident or be employed in the area in which the card-issuing Syndicate Bank Branch operates.
• Salaried individuals, senior citizens and pensioners should be earning at least Rs. 60,000.
• Businesses, professionals and self-employed individuals should be earning at least Rs. 1 lakh.
• You need to have a PAN card.
• Syndicate Bank prefers customers who have been carrying out operations through their Syndicate Bank account for at least 6 months.
• Syndicate Bank will issue a Global Credit card to NRIs and foreign nationals working in India provided they have a bank account with Syndicate Bank. This is subject to terms and conditions.

Documentation required:

• A copy of PAN card
• Residential proof, such as a passport, Aadhar card, utility bills or driving licence.
• Income Proof
  • Salary slips of the past 3 months
  • Bank statement of the past 3 months
  • Latest IT Returns
  • Form 16

• NRIs and foreign nationals need to submit proof of employment, residence and income. They also need to provide a copy of their VISA and passport, or equivalent proof of their stay abroad.

Syndicate Bank Global Credit Card FAQS:

1. What are the methods to pay my Syndicate Bank Global Credit Card bill?

   You can pay your Syndicate Bank Credit Card bill through any of the following ways.

   • Drop a cheque or DD at any Syndicate Bank branch.
   • Make a cash payment at any Syndicate Bank branch.
   • Syndicate Bank Account holders can make payments through the online banking portal.
   • Syndicate Bank Account holders can use the auto-debit facility.
   • Customers can pay through other bank accounts using NEFT.
   • Customers can pay through other bank’s VISA cards using VISA money transfer.
2. Where can I withdraw money using the Syndicate Bank Global Credit Card?

   You can withdraw cash from any ATM which displays a VISA logo in India and abroad. Withdrawing money from a Syndicate Bank ATM will attract a subsidized rate of interest. Interest is charged from the date of the transaction.

3. What is the minimum due on my Syndicate Bank Global credit card bill?

   10% of the total payment due is the minimum amount due. The payment due date is the 10th of the succeeding month. The minimum due must be paid by the due date to avoid higher interest rates and your card being blocked.

4. When will I receive my Syndicate Bank Global credit card statement?

   The Credit Card Statement will be generated on the 20th of every month and sent to you via e-mail or regular post.

5. What do I do if I have not received my Syndicate Bank Global credit card Statement?

   If you do not receive your credit card statement by the 27th of the month, please contact the 24-hour helpline. The customer care will give you the information regarding the amount payable. You can also request for a duplicate statement.