South Indian Bank Credit Cards’ Fees & Charges

Credit cards offer convenience, but the associated fees and charges can lower how much you save. Understanding these fees helps you maximise the value you derive from your card and avoid unexpected costs.

You may encounter different types of South Indian Bank credit card charges when using various services, such as:

• Using your credit card for overseas payments

• To get access to cash through ATM using your credit card

• For paying your credit card dues after the due date, and more

Understanding the costs associated with your credit card is crucial for effective financial management. The issuer charges a joining fee when your card application is approved. However, most banks waive this fee.

Annual fees are levied by the issuer once a year for you to continue using the credit card. The value of this fee varies according to the type of card you have. For instance, if you have a premium card, the fee can be higher.

Check out the South Indian Bank Credit Card fees below-

Here is how you can collect reward points when using the IDFC FIRST Bank Classic Credit Card: 

• Earn 10X points on spending above ₹20,000 in a statement cycle and on your birthday. 

Note: Consider ₹20,000 already spent. 

Here’s an example: 

Disclaimer: The above example is for illustration purposes only. 

• Earn 3X points on online and offline purchases for spends up to ₹20,000 each month. 

Consider the following example: 

Disclaimer: The above example is for illustration purposes only. 

• 1X Reward Points 

Earn points on insurance premiums and utility bill payments. 

Here’s an example: 

Disclaimer: The above example is for illustration purposes only. 

Note: 1X = 1 reward point on spending ₹150 where 1 reward point = ₹0.25. 

B. Redemption Process

Redeeming your reward points with the bank is easy. Visit the rewards portal and log in with your credit card and mobile number. You can use your reward points for instant payments on online purchases or select in-store transactions.  

Additionally, you can redeem points for gift cards and OTT memberships. Keep in mind that a redemption fee of ₹99 + GST will apply for each transaction.

C. Expiration  

The best part about this card’s reward points is that they never expire.  

D: Example of Savings

Here’s a summary of your anticipated annual expenses and possible savings derived from the earlier examples: 

Disclaimer: The above example is for illustration purposes only. The actual rewards and savings may vary based on the policies of the issuer and on the timely payment of credit card dues. Please check with the card issuer before applying.  

• You can redeem these points in the following manner: 

• Immediate payment on online purchases 

• Buying gift cards and OTT memberships 

• Eligible in-store purchases 

Take note of the following charges when using your IDFC FIRST Bank Classic Credit Card: 

Disclaimer: The fees mentioned above may change at the issuer’s discretion.

While credit cards let you access funds instantly, using them for cash withdrawal comes with a fee that you should note. If you use your card for a cash advance, the bank will levy a certain fee. Check out the South Indian Bank credit card charges and fees for this facility:

Disclaimer: The fees mentioned above may change at the issuer’s discretion.

Understanding the forex charges on your credit card is essential to manage your international expenses. These charges typically consist of a markup percentage applied to the conversion rate. Check out the South Indian Bank credit card forex charges:

Disclaimer: These charges can vary at the discretion of the bank.

The bank allows you to transfer your outstanding balance from other credit cards to your South Indian Bank Credit Card. This facility helps you take advantage of lower interest rates, allowing you to manage your EMI payments easily.

Note that this facility is available only on select cards. Contact the card issuer to get more details about the balance transfer option. 

Here are the details of the charges associated with balance transfer fee for co-branded cards with SBI Card:

Compare the benefits of the IDFC FIRST Bank Classic Credit Card with other cards from the issuer before you apply. 

It is a fee imposed by a credit card issuer when you exceed your credit limit. This occurs when your total outstanding balance surpasses the maximum amount approved for your card. The following are the South Indian Bank credit card charges & fees for this facility:

Disclaimer: These charges can vary at the discretion of the bank.

It refers to a fee imposed by the issuer when you fail to make the minimum payment due by the specified due date. This fee is intended to penalise delayed payments and encourage timely settlements. Check the late payment charges applicable to South Indian Bank SBI co-branded credit cards-

Disclaimer: These charges can vary at the discretion of the bank and may differ across cards. Kindly check the schedule of charges to get the exact value.

South Indian Bank may impose other fees on your credit card account. These charges can vary depending on the type of card and specific terms and conditions. Check out other types of South Indian Bank Credit Card fees below-

Disclaimer: The fees mentioned above may change at the issuer’s discretion.

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees and charges with regard to any credit card, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, trade names, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.