South Indian Bank Credit Card Eligibility

Age – South Indian Bank Credit Card is provided to those individuals that can earn. Therefore, individuals who are between the ages of 21 to 65 years only can apply.

Income – South Indian Bank credit cards are available to those individuals that are employed or have a stable source of income. The bank requires that the applicant submit the last three months’ salary slips or Income Tax Returns (ITR) of the past year.

Employer – Customers who are new to credit can only apply for this credit card if they are employed at companies chosen by SBI Card. However, there are no employer restrictions for customers with credit history.

Credit Score – Banks prefer giving credit cards to those customers that have a credit history as well as an acceptable credit score. Though customers might be able to get a basic credit card without a credit score they cannot get a premium credit card. Bank rarely give premium credit cards to applicants who don’t have a credit history.

The following documents are required to avail a South Indian Bank credit card.

Proof of Identity	PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI, etc.
Proof of Address	Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, etc.
Proof of Income	Latest one or 2 salary slip (not more than 3 months old), Last 3 months’ bank statement, ITR, Form 16, etc.

Factors that affect the chances of approval for a South Indian Bank credit card are given below:

Income – Income plays a huge role in determining whether a person should get a credit card or not. Some credit cards come with a minimum income requirement. Also, it is the income of the applicant on which basis banks decide the credit limit assigned to the user.

Prior Relationship – Prior relationship with the bank works in the applicants favour. This is especially true when the relationship with the bank is well. Prior relationship shows the financial behaviour of the applicant.

Credit Score – It lets the bank know about the customer’s financially history. Defaults if any and so on. Customers having a good credit history have a better chance of securing a credit card. While customers that have defaults on their loan or credit card payments have a tougher time securing a credit card.

Age – Customer’s age impacts their chances of getting a credit card. Also, applicants who are below 21 years of age or above 65 years of age cannot apply for a South Indian Bank credit card.

How do I get South Indian Bank credit card?
To apply for a South Indian Bank credit card visit the nearest South Indian Bank branch. Once there contact a bank representative who will guide you in the process.

How many credit cards does South Indian Bank provide?
South Indian Bank provides two credit cards:

• South Indian Bank SBI Platinum Credit Card
• South Indian Bank Simply Save SBI Card

Who can apply for South Indian Bank credit card?
Indian citizens who are between the ages of 21 and 65 years can apply. Customers must also meet the eligibility criteria set for the particular credit card.

Does a prior relationship with the bank help user’s eligibility for credit card?
South Indian Bank does not require that customers have a relationship with the bank prior to credit card application. However, it will be in customer’s best interest if they have a prior relationship with the bank before applying for a credit card from South Indian Bank.

What are the finance charges on South Indian Bank credit cards?
The finance charge on South Indian Bank credit cards is 40.20% per annum or 3.35% per month.