Karur Vysya Credit Card

More on this page: Features of KVB Credit Cards Fees and Charges KVB Credit Card Eligibility & Documents Required How to Apply KVB Credit Card Customer Care FAQs

Karur Vysya Bank in association with the State Bank of India provides 3 co-branded credit cards. You can choose from the 3 variants available (Gold, Platinum and Signature). The significant features of each variant are mentioned below.

This credit card is best suited for people who are beginners or entry level credit customers. The card is specially designed for people with income range of Rs.4 lakh and above.

Key Highlights 

Welcome Bonus- Get 2000 bonus reward points on your purchases of Rs.2000 in first 60 days of card issuance.

Cash Withdrawal Benefit- Get Rs.100 cashback on your first ATM cash withdrawal within 30 days of card receiving.

Reward Points- Earn 10X reward points for every Rs.100 spent on Dining, Movies, Departmental Stores and Grocery. Following points are to be noted:

• Each reward point= Rs.0.25
• Earn 1 reward point for every Rs.100 spent
• The accumulated reward points can be used to pay credit card dues or can be redeemed against a wide range of gifts from the rewards catalogue

Fuel Surcharge Waiver- Get 1% fuel surcharge waiver across all petrol pumps. Keep a note of the following point:

• Every transaction ranging from Rs.500 to Rs.3000 at any petrol station in India would be eligible for fuel surcharge waiver

Annual Fee Waiver- Get your annual membership fee reversed by spending more than Rs.1 lakh on your card.

This credit card variant is best suited for customers who spend luxuriously and seek for greater value and benefits from their purchases. The card is ideal for customers with annual income range of Rs.8 lakh and above.

Key Highlights

Welcome Gift- Receive e-gift vouchers worth Rs.3000 as welcome benefit. Voucher available from the below mentioned brands-

1. Yatra
2. Marks & Spencer Westside
3. Shoppers Stop
4. Hush Puppies / Bata

Note: The gift voucher will be sent to your registered mobile number within 15 business days.

Reward Points- Earn 5X reward points on all Dining, Grocery, Departmental and International purchases. Keep a note of the following listed points:

• Earn 2 reward points for every Rs.100 spent on all other categories
• 1 reward point= Rs.0.25
• Spend rewards on your annual spending of Rs.4 lakh and Rs.5 lakh each

Priority Pass Program Membership- Get complimentary membership worth $99 to the priority pass program.

Lounge Access- Get complimentary lounge access to visa lounges in India as well as abroad via ‘Visa Airport Lounge Access Program’.

Fuel Surcharge Waiver- Get 1% fuel surcharge waiver across all petrol pumps. Note the following point:

• Every transaction ranging from Rs.500 to Rs.4000 at any petrol station in India would be eligible for fuel surcharge waiver

This card is specially designed to cater to the needs of high spenders. The card is ideal for users with income range of Rs.8 lakh and above.

Key Highlights 

Welcome Gift- Receive welcome e-gift voucher worth Rs.5000 from any of the below listed brands:

1. Yatra
2. Hush Puppies / Bata
3. Marks & Spencer Westside
4. Shoppers Stop

Note: You will receive the e-gift card voucher on your registered mobile number within 15 working days.

Reward Points- Earn 5X reward points on all dining, grocery, departmental and international purchases. Keep a note of the below listed points:

• Earn 2 reward points for every Rs.100 spent on all other categories
• Each reward point= Rs.0.25

Bonus Reward Points- Earn bonus reward points annually by fulfilling the below mentioned criteria:

 

Reward Points	Criteria
Up to 50,000 points	Earn up to 50,000 bonus points worth Rs.12,500 every year
10,000 points	On achieving annual spends between Rs.3 lakh & Rs.4 lakh
15,000 points	On achieving annual spends between Rs.5 lakh & Rs.8 lakh

 

Annual Fee Waiver- Get spend based reversal on annual fee on spending Rs.10 lakh or above.

Fuel Surcharge Waiver- Get 1% fuel surcharge waiver across all petrol pumps. Note the following point:

• Every transaction ranging from Rs.500 to Rs.4000 at any petrol station in India would be eligible for fuel surcharge waiver

BookMyShow Discount- Get a Rs.500 discount on BookMyShow once every month. Keep a note of the below listed points:

• Transaction valid for at least 2 tickets per booking
• Maximum discount= Rs.250 / ticket for 2 tickets only
• The convenience fee would be chargeable

Priority Pass Program Membership- Get complimentary membership worth $99 to the priority pass program.

Lounge Access- Get complimentary lounge access to visa lounges in India as well as abroad via ‘Visa Airport Lounge Access Program’.

Given below are the fees and charges associated with the Karur Vysya Bank Credit Cards:

Primary Feature	Fees / Charges
Annual Fee	Gold- Rs.499 Platinum- Rs.2999 Signature- Rs.4999
Renewal Fee	Gold- Rs.499 Platinum- Rs.2999 Signature- Rs.4999
Interest Free Credit Period	20-50 days
Finance Charges	Up to 3.35% per month, accounting to  40.2% per annum from the transaction
Minimum Amount Due	5% of Total Outstanding
Cash Advance Limit	Up to 80% of credit limit, with a maximum of Rs.12,000 per day
Late Payment Fee	NIL for Total Amount due from Rs.0-Rs.200; Rs.100 for Total Amount due greater than Rs.200 & up to Rs.500; Rs.400 for Total Amount due greater than Rs.500 & up to Rs.1000; Rs.600 for Total Amount due greater than Rs.1000 & up to Rs.10,000; Rs.800 for Total Amount due greater than Rs.10,000 & up to Rs.25,000; Rs.950 for Total Amount due greater than Rs.25,000
Foreign Currency Markup	3.50%
Rewards Redemption Fee	Rs.99
Card Replacement Fee	Rs.100

There are certain parameters considering which the bank accepts your credit card application. Some of the significant parameters include your credit score, income, age, etc. It is to be noted that the criteria vary depending upon the variant chosen. Also, acceptance or denial of the application depends solely on the discretion of the bank.

Income Requirement for KVB Credit Cards

Credit Card	Annual Income (in Rs.)
Karur Vysya SBI Gold Card	Rs.4 lakh and above
Karur Vysya SBI Platinum Card	Rs.8 lakh and above
Karur Vysya SBI Signature Card	Rs.8 lakh and above

 Documents Required:

Proof of Identity	PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI
Proof of Address	Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement
Proof of Income	Latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement

Those you wish to apply for Karur Vysya Bank Credit Card can either apply online or visit the nearest KVB Branch. Follow the below listed steps:

Online Application-

Step 1- Visit the official website of Karur Vysya Bank.

Step 2- Go to the ‘Personal’ section in the header and click on ‘Credit Cards’.

Step 3- Choose your preferred credit card variant and proceed further.

Step 4- In the newly opened page of your preferred card, click on ‘Apply Now’ option.

Step 5- Fill the application form with all the relevant information and click on ‘Submit’

Step 6- After successful submission, the bank will verify your application.

Step 7- The bank’s representative will contact you for further documentation process.

Offline Application- 

All you need to do is visit the nearest KVB branch, go to the bank’s representative and ask for the application form. Once you submit the duly filled form along with the relevant documents, the bank will review and verify your application. After successful verification, the credit card will be dispatched to your registered address.

For any credit card related query, you can call the below mentioned numbers. Dial  022-24398199 Or 1860-258-1916 (Domestic) / +91-44-66217600 (International)

You can also email your query at customersupport@kvbmail.com

Does the bank charge any add-on fees on credit cards?

No, the bank does not charge any add-on fee.

Is balance transfer facility offered on Karur Vysya SBI Platinum Card?

Yes, credit card balance transfer facility is available. However the bank charges a processing fee for that.

What is the grace period offered?

The grace period offered lies in the range of 20-50 days, if the outstanding balance of the previous month is paid in full.

Does the bank charge late payment fees on credit cards?

Yes, the bank does levy the late payment fee, which varies the account to the credit amount.