Karnataka Bank was founded in 1924. Its first branch was set up in Mangaluru, in Karnataka. From being established as a small institute to cater to the banking needs of the people in the region during the pre-independence era to becoming a nationalized bank with a widespread network of 839 branches operating in 22 states and 2 Union Territories of India, Karnataka Bank has grown leaps and bounds. Today, Karnataka Bank Limited is India?s leading 'A' Class Scheduled Commercial Bank.
In its endeavor to emerge as a leading financial service institute in India, Karnataka Bank has strengthened its presence by merging with numerous other banks like Sringeri Sharada Bank Limited, Chitradurga Bank Limited and Bank of Karnataka. Over the years, Karnataka Bank has also worked conscientiously to upgrade and expand its product base. It now includes a vast repertoire of financial services that are perfectly customized to address the unique needs of both personal and business clients.
The Karnataka Bank Credit Card is available in two variants, namely
Salient features and benefits of both variants of the Karnataka Bank Credit Card are mentioned below:
The following are the detailed features of Karnataka Bank Credit Card
Name of the Card | Features |
Karnataka Bank SimplySave SBI Card |
|
Karnataka Bank SBI Platinum Card |
|
Karnataka Bank Credit Cards are feature packed. Every use of the Karnataka Bank Credit Card entitles you to earn more and magnify your rewards and earnings. The details of the rewards of Karnataka Bank Credit Card are listed in the table below:
Name of the Card | Rewards |
Karnataka Bank SimplySave SBI Card |
1 Reward Point = Re. 0.25 (Please note that Reward Point Program is not applicable on Fuel, Cash and Balance Transfer) Card Specific Rewards
|
Karnataka Bank SBI Platinum Card |
1 Reward Point = Re. 0.25 (Please note that Reward Point Program is not applicable on Fuel, Cash and Balance Transfer)
Card Specific Rewards
Dining Privileges:
Travel Privileges:
Car Rental Privileges:
Please note that Travel Privileges and Car Rental Privileges are offers being offered by VISA and are available for limited period. More details on these offers can be sought from www.visaplatinum.com |
Reward points accumulated on both variants of Karnataka Bank Credit card can be redeemed against outstanding payment of the card or in exchange of gifts mentioned in the Reward catalogue. A total of 398 gifts and mentioned in the reward catalogue. The minimum points redeemed can be 400. The products featuring in the Reward Catalogue may change from time to time.
Both variants of the Karnataka Bank Credit Card have a different fee structure; the details of both cards are as under:
Name of the Card | Annual Fee (One Time) | Renewal Fee (Per Annum) | Add-On Card Fee (Per Annum) |
Karnataka Bank SimplySave SBI Card | Up to 499 + GST | Up to 499 + GST | Nil |
Name of the Card | Annual Fee (One Time) | Renewal Fee (Per Annum) | Add-On Card Fee (Per Annum) |
Karnataka Bank SBI Platinum Card | 2,999 + GST | 2,999 + GST | NIL |
The details of charges levied on Karnataka Bank Credit Card are as under. The charges are same for both variants of the card.
Name of the charge | Amount | ||||||||||||||
Finance Charges | 3.35% p.m. | ||||||||||||||
Cash Advance Charge | 3.35% p.m. The interest is levied from date of withdrawal. | ||||||||||||||
Cash Advance Fee at SBI ATMs | 2.5% of the transaction amount with a minimum of 300 per transaction. | ||||||||||||||
Cash Advance Fee at International ATMs | 3% of the transaction amount with a minimum of 300 per transaction. | ||||||||||||||
Cheque Pick-up Charges | 100 | ||||||||||||||
Cheque Fee | 100 for payments up to 10,000 | ||||||||||||||
Payment Dishonour Charge | 2% of the amount payable subject to minimum or 450. | ||||||||||||||
Statement Retrieval | 100 for statement that is more than 2 months old | ||||||||||||||
Late Payment Fee |
| ||||||||||||||
Over Limit Charges | 2.5% of over limit amount with a minimum or 500 | ||||||||||||||
Card Replacement Charge | 100 | ||||||||||||||
Emergency Card Replacement (abroad) | Actual cost subject to minimum of $175 | ||||||||||||||
Foreign Currency Transaction Fee | Conversion mark up ? 3.5% | ||||||||||||||
Card Upgrade Fee | Up to 200 | ||||||||||||||
Reward Redemption Fee | 99 | ||||||||||||||
Cash Payment Charge | 100 | ||||||||||||||
Railway Ticket Booking |
|
Applicant can apply for the Karnataka Bank Credit Card at the nearest Karnataka Bank branch. Simply select the variant of the card one wishes to apply for and write an application requesting to issue the same. The application letter must be supported by documents mentioned hereunder.
Alternately, as Karnataka Bank Credit Card is a Co-Brand credit card issued in collaboration with State Bank of India, applicant can apply for any variant of the Karnataka Bank Credit Card through the SBI card website i.e. www.sbicard.com
By submitting the application you authorize the bank and its representatives to contact you with reference to your credit card application and then process your credit card application further.
To apply for a Karnataka Bank Credit Card, the applicant has to fulfill the below mentioned eligibility criteria:
The Karnataka Bank Credit Card application should be supported by self-attested documents mentioned hereunder:
Documents for Income Proof | Documents for Address Proof | Documents for Identity Proof |
|
|
|
In case the current residential address and permanent address are different, the following supporting documents should be attached.
Karnataka Bank Credit Card customers can clear their outstanding dues both through online and offline modes. The detailed list of methods is as under:
All enquiries/ requests/queries pertaining to Karnataka Bank Credit Card can be initiated through
Know how good your score is
Get insights on how to improve it
Unlock offers as per your score
To earn max rewards & redeem cashback, value back offers, discounts & exclusive deals. Select the best Credit Card as per need.
Karnataka Bank?s Simply SMS facility is an instant message service that sends instant messages on the registered mobile number of the cardholder. The following features form a part of it, namely:
Cardholder can avail the Simply SMS service by sending an SMS to 5676791 from registered mobile number.
Information Type | SMS Code to 5676791 XXXX = Last four digits of your Karnataka Bank SBI Card |
Balance enquiry | BAL XXXX |
Available credit limit | AVAIL XXXX |
Available cash limit | AVAIL XXXX |
Block your lost or stolen card | BLOCK XXXX |
Last payment status | PAYMENT XXXX |
Reward point summary | REWARD XXXX |
Subscribe to e-statement | ESTMT XXXX |
Request for duplicate statement | DSTMT XXXX MM (Statement Month in MM) |
Missed Call banking allows the customer to get their account information by simply giving a missed call. The following numbers have been pre-designated for specific information. These are:
Information Type | Missed Call Number |
Balance enquiry | 8422845512 |
Available credit and cash limit | 8422845513 |
Reward point summary | 8422845514 |
Last payment status | 8422845515 |
Karnataka Bank through its advanced systems helps you to find your nearest bank branch in minutes. Log on to the official website of the bank www.karnatakabank.com where you will find an active link ?Branch and ATM? in the menu bar on the top of the page. Simply enter the location you are searching for and submit the information.
Alternatively, you can find the nearest Karnataka Bank branch here: https://karnatakabank.com/sites/default/files/2017-10/Designated%20Branches.pdf
No, you cannot redeem the reward points for cash.
Karnataka Bank credit card offers facility to redeem reward points accrued on the credit card against clearing outstanding dues on the Karnataka Bank Credit Card or in exchange of gifts mentioned in the reward catalogue.
To ensure that its premium members enjoy excellent travel experience, the Karnataka Bank SBI Platinum Credit Card offers complimentary membership to the world?s largest airport access lounge program, the Priority Pass Program. The program offers access to nearly 600 executive airport lounges globally.
Please note, while the standard membership to the Priority Pass Program is complimentary, whenever the cardholder visits the member lounge, a usage fee of $27 is charged on the credit card. Regardless of the airline or class, every Priority Pass Program member can avail the facility. Comprehensive list of member lounges is available at www.prioritypass.com