Unlike other banks that offer a differentiated range of credit cards, Syndicate Bank provides a single credit card i.e. Syndicate Bank Global Credit Card for its users, available in three variants- Classic, Gold and Rupay Select. This credit card aims to meet the needs of anyone who wants to enjoy the security and convenience of owning one. It offers some basic features such as reward points, lifetime free validity, etc. Let’s discuss the specifications of this card in detail along with the eligibility criteria, application process and more.
Syndicate Bank Credit Card – Features & Benefits
Syndicate Bank Global Visa Credit Card
Syndicate Bank credit card offers all the benefits and convenience associated with credit card without charging any renewal fee, annual fee, or entrance fee. The card comes in three variants: Classic, Gold, Rupay Select card. Other features of the card are:
- Lifetime free validity
- 1 Reward Point per Rs. 400 spent
- Lowest Finance Charge at just 24% per annum (2.00%) calculated on a monthly basis
- Cash withdrawal facility – 15% for Classic Cards and 25% for Gold Cards
- Lost credit card liability is at just Rs. 1000 post notifying the bank
Syndicate Bank Credit Card Rewards Program
Users earn 1 Reward Point per Rs. 400 spent through any of the variants of Syndicate Bank Global Visa Credit Card.
Reward Points earned can be encashed in multiples of 500 points. However, users must have a minimum of 500 points on their credit card. The conversion ratio is Rs. 0.50 per reward point.
Syndicate Bank Credit Card – Eligibility & Documentation
The eligibility criteria to avail Syndicate Bank Credit Card are:
- Applicant must be the resident or working within Card Issuing Branch territory
- He/she must be literate and above 18 years of age
- Customer must have maintained a relationship with the bank for 6 months
- Have a PAN Card
Besides this the applicant must have an annual income in the following manner if they want to apply for Syndicate Bank Credit Card:
|Category||Eligible Age Bracket||Minimum Annual Income|
|Salaried Person||Over 21 but below 60 years of age||Rs. 1.50 lakh||Rs. 60,000|
|Self Employed||Over 21 but below 65 years of age||Rs. 2.00 lakh||Rs. 1.00 lakh|
|Senior Citizens||Maximum 75 years of age||Not Eligible||Rs. 60,000|
The bank requires certain documents to ascertain the details provided in the form. The documents required are Proof of Residence, PAN Card. To establish the income the bank can ask for Salary Slip/Salary Certificate/Form 16/ITR Form depending on the individual’s mode of income.
Syndicate Bank Credit Card Bill Payment
Syndicate Bank Credit Card Bill can be settled through the following means:
Through Electronic Clearing Service (ECS)
Customers can settle their credit card bill through Electronic Clearing Service also known as Debit Cleaning. Users have to just download a form, fill it and then submit it at the payee bank once.
Through Auto Debit Facility/One Time Standing Instructions
Users can pay their credit card bill through Auto Debit Facility. To avail, this facility users have to download the auto-debit facility form, fill it and then submit at the payee bank.
Through Internet Banking
Cardholders can settle their credit card bills through internet banking portal. Users can log into their Syndicate Bank internet account and settle the bill directly from there. To avail, this facility user must have opted for internet banking service.
Through National Electronic Fund Transfer (NEFT)
Users can also settle the bill using NEFT Service. They can use any bank even Syndicate Bank to make the payment. Points to keep in mind when using NEFT to settle credit card bill are:
- In the account Number slot, users will have to write SBGCCXXXXXXXX XXXXXXXX. Here X is the 16 digit credit card number
- Centre/Location will be Bangalore
- Name of Bank and Branch will be SYNDICATE BANK, CARD CENTRE
- IFSC (Indian Financial System Code) will be SYNB0002915
- Under Remarks/Narration enter CREDIT CARD PAYMENT
The funds will be transferred by the end of the next business day.
How to Apply for Syndicate Bank Credit Card
Syndicate Bank Global Credit Card is not available on Paisabazaar’s Platform. Customers can head over to the nearest Syndicate Bank Branch to apply for this credit card. Once there they can contact a bank official who will guide them through the process.
How to Check Syndicate Bank Credit Card Application Status
Syndicate Bank Credit Card Customer Care
Customers of Syndicate Bank can visit the branch on 15th of any month, the next working day if 15th is a holiday, to meet Senior or Top executives of the Bank including Chairman & Managing Director.
If the customer is not satisfied then they can contact the regional manager or Nodal Officer.
Syndicate Bank Credit Card FAQs
How soon can one get Syndicate Bank Credit Card?
Syndicate Bank generally dispatches the credit card in 21 days.
What should one do if their credit card is lost or stolen?
Users should file a First Information Report (FIR) with the Police and then inform the bank at the earliest to block their credit card. The Bank then will hotlist the credit card and issue a replacement credit card in its place.
Can Syndicate Bank Credit Card used to make online purchases?
Yes, Syndicate Bank credit card can be used to make purchases over the net.
How is reward points earned on Syndicate Bank Credit Card?
Users earn 1 Reward Point per Rs. 400 spent through their Syndicate Bank Credit Card.