Syndicate Bank was established in the year 1925 in Karnataka. What started off as a small enterprise to help finance the weaver community of Karnataka has turned into a national level banking institution.
The Syndicate Bank has progressed with the progress of Indian banking system. With more than 80 years of its operation, the bank has created a loyal customer base spanning almost two three generations. Syndicate bank is firmly rooted in the reality of rural India, the institution envisioned the future of progressive India. While it has been offering new ideas to the banking system, it has equally been receptive of new and creative ideas. The bank follows and sticks to the policy of inclusive growth and sustenance of both the bank as well as the people. It has ensured that it moves with the times, in terms of new developments in the banking sector.
Syndicate bank offers all the banking services that may be expected of banking institutions. Syndicate Bank provides various banking services beginning from opening a savings deposits to offering loans to credit card facilities and other such services.
Syndicate Bank Credit Cards
Credit cards are a very useful monetary tool in today’s economy. With the growing need of making unexpected payments of higher amounts, having a credit card can ease the burden to quite an extent. Syndicate bank offers its customers the Syndicate Bank Global Credit card. This can only be availed by those who have an account with the bank.
The Syndicate Bank Global Credit Card comes in two variants:
- Classic Global Credit Card
- Gold Global Credit Card
Each of the credit cards offer reward points to its customers which the customer can redeem at any later date.
How can you earn Syndicate Bank Credit Card Reward Points?
The syndicate bank customers can earn Syndicate Bank credit card reward points by making financial transactions by their credit cards at any merchant outlets. The reward points will depend upon the type of transaction made and the category of the expenditure. These transactions can be made across the globe and are not restricted to any specific geographical locations.
The syndicate bank credit card reward points can be earned by the card holders for any type of purchase irrespective of the category. The number of reward points will vary according to the type of credit card that the card holder uses.
A customer can earn up to one reward point on every purchase worth 200 rupees.
Other Offers for Syndicate Bank Credit Card Holders
Apart from these rewards points, the bank also offers “Go Green” Scheme to the credit card holders. Under this service, the credit card holder needs to register their email id with the bank and the bank will send them their monthly card statement on their registered email id. Enrolling for this service entitles the card holder for an additional five reward points for every transaction made. This is an attempt by the bank to encourage spending habit in its customers at the same time contributing towards preservation of the environment. Also, Syndicate Bank Global Credit Cards are free for life as Syndicate Bank does not charge any entrance fee or annual fee.
How can one redeem the Syndicate Bank Credit Card Reward Points?
The process of redeeming the earned reward points by the credit card holders is given as under:
Redemptions of the reward points can only start after the customer has made a minimum of 500 reward points. The reward points thus accrued may be used for paying the renewal fee for any of the existing Syndicate Bank Global Credit Card.
Alternatively, the card holder can get his or her rewards point can get it credited to the credit card account whenever it goes above 500. Such encashment however can only be done in the multiples of 500. The rate for converting the reward point into cash is Rs 0.50 per reward point. This amount will be credited to the credit card account. It may be noted by the customers that a TDS is applicable on any redemption of the reward points transaction made by the customer.
How to get the Syndicate Bank Credit Card?
In order to get the Syndicate bank credit card, you can either go to your bank to apply for the card by filling up the form, or you can visit the syndicate bank website and download the application form for applying for credit card from there. Fill it up and give it to your nearest branch. They will then process your request and after getting the required details and clarifications, you will be issued your Syndicate Bank Global Credit Card.
For any other query regarding the credit cards also you can visit the website of the Syndicate Bank and get all the relevant information.