Syndicate Bank Credit Card

When it comes to banks, Syndicate Bank has been a pillar of trust and support among a vast section of the Indian population. It is a trusted name in Indian financial scenario and over the years, has contributed significantly to the growth of the Indian economy. It has a wide range of offers and services for the customers, the Syndicate Bank credit card being one of them.


What are the Syndicate Bank Credit cards offers?

The card can be availed free of cost and what’s more, it is free for life! There are hardly any other credit cards in the market today that provides such advantages to the customers. This means there are no joining fees or annual fees and it also has one of the lowest finance charges of only 2% per month. One can earn ample rewards with these cards which can be redeemed against the renewal fees or even encash it at 50 p per point. There are a host of other offers available based on which card the user has opted for.


What are the benefits of Syndicate Bank Credit Card?

There are quite a few benefits and features of Syndicate Bank Credit card and both the Classic and the Gold variant have their unique share of benefits. There is the interest free credit period of 20 to 50 days on the purchases depending in the date of the transaction and whether the previous balance has been paid in full. There are low interest rates on the revolving credit which is as low as 2% per month or 24% per annum. The charge could increase to 2.5% on default. The cardholder can enjoy zero annual fees for life and this card can be availed at no cost. The cards are accepted over 9 lakhs merchant outlets and over 300 million marchant outlets around the world. The card can also be used to make online payments and mail orders. It is also possible to withdraw cash through any of the Syndicate Bank ATMs at much lower rates and can be used over 25 lakhs ATMs worldwide. Card loss liability is very less and one just have to bear costs less than Rs 1000 after notifying the bank. It is possible to earn reward points for the credit card usage and for every Rs 200, one point is earned. Add On cards area also available for family members if they are above 18 years of age and there is a 24 hour helpline for report of loss or theft, or in case the card is being declined. Reward Redemption can happen with two categories- by paying the renewal fees by redeeming the points and by encashment at 50 p per point. Hence, 500 points will lead to Rs 250.


What is the process of Syndicate Bank Credit Card Application?

One can apply for a Syndicate Bank credit card both online and offline. One can simply visit one of the Syndicate Bank branches and fill in the form correctly with all the required details. The correct documentation has to be provided and the bank will notify the applicant within a week. One can also make an online application to avail the credit card. To do so, one has to first visit the official website of the bank and choose the Credit Card option. The details of the both the cards are given there- the Classic as well as the Gold variants. Depending on one’s needs and eligibility, one can apply for one of the cards. Once the Submit button is clicked, the page would be redirected to another form where all the details have to be provided. These details pertaining to personal information, and income, have to be properly filled in so as to avoid the application being rejected.


How to Check Syndicate Bank Credit Card eligibility?

In order to be approved by Syndicate Bank for one of their credit cards, an applicant has to meet certain eligibility criteria.

The person has to stay or work in the area where the Syndicate Bank branch is located. One must be above 21 years of age. For salaried individuals it is 60 years and for self employed individuals it is 70 years, with the age being extended to 75 years for pensioners and senior citizens. The annual income must be at least Rs 60,000 for salaried individuals and pensioners and for self employed individuals it must at least be 1 lakh annually. One must also have a PAN. Those who have an account with Syndicate Bank for at least six months are given preference and cards are also issued to NRIs subject to terms and conditions.


Certain documentation are required to complete the process like a copy of the PAN card, residential proof, age proof, income proof through salary slips and IT returns of the last three years and Form 16. NRIs would need to produce their Visa and Passport copy and they also need to submit proof of employment.


Types of Syndicate Bank Credit cards:

There are two main types of Syndicate Bank credit cards and between them they offer a wide range of benefits. The Classic Credit card is for individuals who have an annual salary or pension of Rs 60,000 at least and for self employed people, it is Rs 1 lakh per annum.

The Gold Credit card is for high end customers and gives them the opportunity to live life the good way. There are a host of benefits to be availed though this card is not available for senior citizens and pensioners. Salaried individuals of salary of at least Rs 1.5 lakh are needed whereas for self employed individuals, it is Rs 2 lakhs. The card can be used in fine dining restaurants, boutique hotels, airports, clubs and lounges and with every use, they offer a wide range of benefits to the card holder.


Apply for your Syndicate Bank Credit card today and get ready to enjoy the wide range of benefits they come with.