SIB Rewardz is a loyalty program run by South Indian Bank for their valued debit card customers. For every 100 Rupee spend using the debit card, you will earn one reward point. Reward points can be earned while spending money for online purchases, shoppings, paying at cinema theaters, restaurants, and for bill payments done on other websites. You must use your debit card for receiving reward points while making the transactions.
You will be start earning reward points even before your Sib Rewardz account activation. You can use your reward points for purchasing movie tickets, hotel booking, Air tickets, bus tickets, mobile recharges, dth recharges and can shop from Sibrewardz website. When you purchase an item from SIB rewards website, the item will be delivered to you on given address within 15 working days.
You can also redeem these points from 7000 Max Get More partner stores that are located across different cities in India. Most of these partners are available in both online and offline stores. The purchases made on partner stores can earn upto 5 times more Sib reward points. You can see the complete list of merchant stores from the sib rewardz website.
The Reward points will be varied according to debit card category. The reward points are declared by 1 point for basic debit card, 1.25 point for platinum debit card and 1.5 point for world debit card on every 100 Rupee spend. Your reward point will be more, if the single transaction is greater than 2000 Rupees.
Best way to Redeem SIB Rewards
You can Redeem the reward points using Mobikwik App. For this you need to register at Max get more and have to provide your debit card details. From your Mobikwik wallet, select Max Get More to provide MGM card details. After verifying by OTP, your reward points will be appeared in Mobikwik and is ready to redeem. You can use the reward points for mobile recharges and utility bill payments at Mobikwik. Redeeming reward points using Mobikwik is also beneficial for earning Mobikwik Supercash which can be used for the next transactions. Here is how to use Mobikwik for redeeming the SIB Rewards,
- Install Mobikwik App.
- Register your Account and select Wallet Tab.
- Select Max Get More and tap Plus Button.
- Enter your Debit Card and registered mobile number.
- Verify the OTP and click on Continue.
- You can see the available Reward Points.
- Enter the amount and click on Redeem amount.
The available SIB Reward Points will now added to your Mobikwik wallet. You can use this amount for mobile recharges and bill payments.
Redeem SIB Rewardz points using Max Get More
- Open Max Get More website.
- Complete the Registration process.
- Provide necessary Personal and Account details.
- After Registration, click on Add Card.
- Select SIB from given Banks.
- Enter your SIB customer id and debit card details.
- Enter the OTP received on your mobile number.
Once the verification process is over, you can see the available reward points for the given debit card. You can also add other SIB debit card which are associated with other individuals at Max get more. You need to verify the OTP sent to the mobile number linked with other person’s bank account to redeem rewards on that card.
The awarded reward points must be redeemed within 3 year period. Otherwise the reward points will be expired and cannot be used for redemption. The Reward points earned while paying at partner websites will only valid for 1 year.
Bonus Offers on SIB Rewards
South Indian Bank also offer various bonus rewards for the purchases made within first six months of the debit card issue. The bonus reward points will be increased from first transaction to more than 5 transactions of Rs.20000. There are also huge bonus points given on completing different banking activities. You can know all the details of eligible bank activities and their points by visiting nearest sib or through their website.
You need minimum 200 reward points to redeem for the first time. Each reward point is equal to 0.25 Rupee and you need to spend 400 Rupees to earn SIB rewards equal to 1 Rupee. For international transactions the reward points will be doubled. If you are redeeming the reward points for any service and if your points is not enough to complete the purchase, you can partially pay the balance amount using any other payment options from debit card, credit card, UPI or Net banking.
If you have problems with your SIB reward account or purchases done on sib rewardz website, you can contact their customer care number 1800-108-8757 or sent an e-mail on firstname.lastname@example.org