Syndicate Bank Credit Card

Syndicate Bank credit cards, though now a part of Canara Bank following a merger in 2020, were known for offering a range of financial solutions to customers. These cards provided convenient payment options, rewards programs, and various features tailored to different lifestyles. While the specific card offerings and benefits have likely evolved since the merger, Syndicate Bank’s credit cards aimed to provide cardholders with financial flexibility and a variety of perks, including cashback, rewards, and exclusive discounts at partner merchants.

Features and Benefits of Syndicate Bank Credit Card

Syndicate Bank credit cards, while now part of Canara Bank post-merger, offered a range of features and benefits to cardholders. While specific offerings may have evolved, here are some common features and benefits associated with Syndicate Bank credit cards:

  1. Flexible Payment Options: Cardholders enjoyed the convenience of making payments for various expenses, including shopping, dining, and travel.
  2. Rewards Programs: Many cards offered rewards and cashback programs, allowing users to earn points or cashback on their transactions.
  3. Interest-Free Period: Cardholders typically had a grace period during which they could make payments without incurring interest charges, provided the outstanding balance was paid in full.
  4. Discounts and Offers: Exclusive discounts and offers at partner merchants, both online and offline, were often available to cardholders.
  5. EMI Facility: The option to convert large purchases into easy EMIs, making expensive items more affordable.
  6. Global Acceptance: Many Syndicate Bank credit cards could be used internationally, providing flexibility for travelers.
  7. Online Account Management: Cardholders could easily monitor their transactions, check statements, and make payments online.
  8. Lost Card Protection: Protection against fraudulent transactions in case the card was lost or stolen.
  9. Fuel Surcharge Waiver: Some cards offered a waiver on fuel surcharges at petrol stations.
  10. Add-on Cards: The option to get supplementary cards for family members.
  11. Airport Lounge Access: Premium cards might offer access to airport lounges for added comfort during travel.

Syndicate Bank Credit Card Fees and Charges

Here is the information about the charges and fees for the Syndicate Bank credit card:

  1. Joining Fee: None
  2. Annual Fee: None
  3. Renewal Fee: Rs.500
  4. Supplementary Card Fee: None
  5. Interest Rate Per Month: 2.00% (24% per annum)
  6. Interest on Cash Advance: Subsidized rates

Syndicate Bank Credit Card Eligibility Criteria

To qualify for a Syndicate Bank Credit Card, you must adhere to the following eligibility criteria outlined by the bank:

  1. Age Requirement: Applicants should be at least 21 years old, and minors are not eligible.
  2. Age Limits: For salaried individuals, the maximum age is 60, and for self-employed individuals, it’s 65 years. However, this limit extends to 75 years for senior citizens and pensioners.
  3. Minimum Income: Salaried individuals, senior citizens, and pensioners with a minimum monthly income of Rs. 60,000 can apply, while self-employed individuals with earnings of at least Rs. 1 lakh are eligible.
  4. PAN Card: A valid PAN card issued by the Income Tax Department is a mandatory requirement.
  5. NRIs and Foreign Nationals: Credit cards may also be issued to NRIs and foreign nationals employed in India, provided they maintain a bank account with Syndicate Bank and adhere to the specific terms and conditions.

Documents Required for Syndicate Bank Credit Card

Here are the documents required for credit card application:

1. PAN card copy
2. Proof of residence, such as passport, Aadhar card, utility bills, or driver’s license.
3. Income proof, including:

  • Last 3 months’ salary slips
  • Last 3 months’ bank statements
  • Latest IT returns
  • Form 16

For NRIs and foreign nationals:

  • Passport and VISA copies or equivalent proof of foreign residence.
  • Proof of employment, residence, and income.

How To Apply for Syndicate Bank Credit Card?

  1. Check Eligibility: Review the eligibility criteria for the specific credit card you are interested in. Criteria may include age, income, credit score, and more.
  2. Select the Card: Choose the Syndicate Bank credit card that best suits your needs and lifestyle. Different cards may offer various features and benefits.
  3. Gather Required Documents: Prepare the necessary documents, typically including proof of identity, address, income, and any other documents specified.
  4. Visit the Bank: Go to your nearest Canara Bank branch, which now includes Syndicate Bank’s services, where you can obtain a credit card application form.
  5. Complete the Application: Fill out the credit card application form, providing accurate information as required. Double-check for completeness.
  6. Attach Documents: Include the required documents as specified in the application form.
  7. Submit Application: Submit your completed application form along with the attached documents to the bank officials.
  8. Verification: The bank will verify the information provided and assess your creditworthiness.
  9. Credit Check: A credit check will likely be conducted to evaluate your credit history and credit score.
  10. Approval: If your application is approved, you will receive your Canara Bank (formerly Syndicate Bank) credit card.

List of Syndicate Bank Credit Card

Here’s a list of some credit cards that were available from Syndicate Bank:

  1. Syndicate Bank Classic Credit Card
  2. Syndicate Bank Gold Credit Card
  3. Syndicate Bank Platinum Credit Card
  4. Syndicate Bank Bharat Credit Card
  5. Syndicate Bank Gold International Credit Card
  6. Syndicate Bank Bharat Combo Credit Card
  7. Syndicate Bank Rupay Platinum Credit Card