M16S / South Indian Bank / South Indian Secured SIB One Co-Branded Credit Card
entry · cobrand, secured, rewards, lifetime-free
South Indian Secured SIB One Co-Branded Credit Card
The South Indian Secured SIB One Co-Branded Credit Card charges no annual fee and no joining fee. Its base return is 0.2% (1 RP per Rs 50 (OneCard programme)). Accelerated earn: 5X RP on top 2 categories when spending in at least 3 categories. The forex markup is 1%. Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.2%
- Forex markup
- 1%
- Interest
- 3.75%a month
What changed on this card
- SIB OneCard stops reward points on bills and utilities, Sep 2026
From 15 September 2026 bills and utilities payments earn no reward points and do not count for 5X rewards. Source: South Indian Bank, southindianbank.bank.in, read 28 Oct 2026
- SIB OneCard sets 2% fee on rent and wallet transfers from Feb 2026
From 1 February 2026 rent payments on third-party apps carry a 2% transaction fee over the app's own convenience fee. Monthly transfers to wallets or bank accounts above Rs 10,000 carry a 2% fee on the full amount. The MITC does not state the earlier rate. Source: South Indian Bank, southindianbank.bank.in, read 28 Oct 2026
- SIB OneCard needs Rs 750 in each of 3 categories for 5X rewards, Jan 2025
From 6 January 2025 the 5X reward points on the top 2 spend categories of a month need a minimum spend of Rs 750 in each of the 3 categories used to qualify. The base earn stays 1 reward point per Rs 50. Source: South Indian Bank, southindianbank.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining feeunverified | Free |
|---|---|
| Annual feeunverified | Free |
| Fee notes | Assumed to follow the SIB OneCard KFS (nil joining and annual fee); the bank's page for the secured variant shows only the title. |
Rewards
| Reward currency | Reward Points |
|---|---|
| Base earnunverified | 1 RP per Rs 50 (OneCard programme) |
| Base return | 0.2% |
| Point valueunverified | 1 RP = Rs 0.10 (aggregator figure) |
| Accelerated earnunverified | 5X RP on top 2 categories when spending in at least 3 categories |
| Spends that earn nothing | Money transfers, rent, fuel, cash withdrawals, wallet loads. |
| Points expiry | No expiry; nullified if card unused for 365 days |
| Reward notes | base_return_pct = 1 RP / Rs 50 x Rs 0.10. All terms carried over from the unsecured SIB OneCard documents. |
Travel and perks
| Forex markupunverified | 1% |
|---|---|
| Fuel surcharge waiverunverified | 1% waiver, cap Rs 400 per calendar month |
Charges and eligibility
| Interest per monthunverified | 3.75% |
|---|---|
| Late payment feeunverified | Nil up to Rs 250 outstanding; Rs 250 for Rs 251-1,000; Rs 500 for Rs 1,001-5,000; Rs 1,000 for Rs 5,001-25,000; Rs 1,250 above Rs 25,000 |
| Eligibilityunverified | Issued against a South Indian Bank fixed deposit; minimum FD and limit percentage not found. |
| Fine-print notes | Listed on South Indian Bank's credit card page as a separate product, but no secured-specific terms were readable; figures are those of the unsecured SIB OneCard and must be confirmed. KFS effective 15 Sep 2026: rent payments carry a 2% fee and wallet loads 2% (on cumulative Rs 10,000+ a month) from 1 Feb 2026; over-limit 2.5% min Rs 500 (only if enabled in app). Cancelling within 6 months of virtual card activation costs Rs 3,000 (metal) or Rs 500 (plastic). ATM cash withdrawal is described as currently unavailable. South Indian Bank also sells SIB SBI Platinum and SIB SimplySAVE SBI cards, which are issued by SBI Card and excluded here. |
Questions
- What is the annual fee of the South Indian Secured SIB One Co-Branded Credit Card?
- No annual fee.
- What is the forex markup on the South Indian Secured SIB One Co-Branded Credit Card?
- 1% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the South Indian Secured SIB One Co-Branded Credit Card?
- Money transfers, rent, fuel, cash withdrawals, wallet loads.