South Indian Bank Credit Card Charges

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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

South Indian Bank Credit Cards’ Joining Fees and Annual Fees

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-

Card Variant	Annual Fees (Excluding Taxes)
South Indian Bank SimplySAVE SBI Card	₹499
South Indian Bank- SBI Platinum Card	₹2,999
South Indian Bank One Credit Card	NIL

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

South Indian Bank Credit Card Cash Advance Charges

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:

Card Variant	Cash Advance Charges
South Indian Bank SimplySAVE SBI Card	2.50% or ₹500 (whichever is higher)
South Indian Bank- SBI Platinum Card	2.50% or ₹500 (whichever is higher)

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

South Indian Bank Credit Card Forex Charges

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:

Foreign Currency Transaction Fee for SBI Co-branded Cards	3.50%
Foreign Currency Transaction Fee for South Indian Bank One Credit Card	1.00%

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

South Indian Bank Credit Card Balance Transfer Fee

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:

Tenor Option (in months)	Rate of Interest (per month)
3	0.83% - 0.92%
6	1.02% - 1.23%

South Indian Bank Credit Card Over-limit Charges

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:

Card Variant	Applicable Charges
South Indian Bank SBI Co-branded Cards	2.50% of the over-limit amount or ₹600 (whichever is higher)
South Indian Bank One Credit Card	2.50% of the over-limit amount or ₹500 (whichever is higher)

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

South Indian Bank Credit Card Late Payment Charges

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-

Total Outstanding Amount	Late Payment Charges
Up to ₹500	NIL
From ₹501 to ₹1,000	₹400
From ₹1,001 to ₹10,000	₹750
From ₹10,001 to ₹25,000	₹950
From ₹25,001 to ₹50,000	₹1,100
More than ₹50,000	₹1,300

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.

Other Fees and Charges on South Indian Bank Credit Cards

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-

Type of Charges	General Range
Cash Payment Fees	₹250 + Applicable Charges
Minimum Finance Charges	3.50% per month (42% per annum)
Payment Dishonour Fees	2% of the payment amount subject to a minimum of ₹500

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

DISCLAIMER

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.

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Other Bank Credit Card Fees & Charges

What are the various charges applicable to South Indian Bank Credit Cards?

You may have to pay the different types of South Indian Bank Credit Card charges for various services. These charges generally include an annual fee to keep your card active, forex charges for making overseas payments, and more.

Are there any late payment charges for South Indian Bank Credit Cards?

South Indian, you will have to pay late payment charges if you fail to pay the minimum amount due before the due date.

What are the cash advance transaction charges for South Indian Bank Credit Cards?

For South Indian Bank SBI co-branded cards, you will have to pay 2.50% or ₹500 (whichever is higher) for the cash advance facility.

What is the over-limit fee for South Indian Bank Credit Cards?

The over-limit fee for South Indian Bank SBI co-branded cards is 2.50% of the over-limit amount or ₹600 (whichever is higher). For the South Indian Bank One Credit Card, it is 2.50% of the over-limit amount or ₹500 (whichever is higher).

How can I avoid late payment charges on South Indian Bank Credit Cards?

You can avoid paying late payment charges by clearing your outstanding balance. If you are unable to pay it entirely, you can also clear the minimum amount due to evade these charges.

What is the joining fee for the South Indian Bank One Credit Card?

There is no joining fee for the South Indian Bank One Credit Card.

Is South Indian Bank One Credit Card free?

It is a lifetime free credit card, which means you do not have to pay joining or renewal fees. However, you will still have to pay for other services extended by the bank.