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Karur Vysya Bank Credit Card

Karur Vysya Bank was established in the year 1916 in Karur by Shri M A Venkatarama Chettiar and Shri Athi Krishna Chettiar. They started the bank with a very small seed capital of 1.00 lakh. The bank has made a remarkable presence in the industry for over a century. The bank that started with a humble capital of 1.00 lakh has grown leaps and bounds and is now catering to over a million customers with a gamut of financial services and products

The bank has a wide network of about 790 branches, 1798 ATMs and 538 cash recyclers. The bank is adapting itself very easily to the changing technology and is keeping abreast of the latest technology developments. Karur Vysya Bank kept pace with the other banks in implementing full networking of its branches under Core Banking Solutions and became one of the earliest banks to accomplish the task. The bank was a forerunner in introducing ATMs, Fully Automated Passbook Printers, Cheque Book Kiosks, and Bunch Note Recycler Machines. This enabled the customers to take care of their basic requirements themselves thus saving their valuable time that was much lost by waiting for their turn to get these services at the bank. The bank also set a precedent by introducing mobile banking and internet banking to its customers.

The bank also introduced OTP based authentication for debit cards for online transactions. The transfer of funds from one card to another card and from card to account through KVB ATMs was also a remarkable introduction which enabled the customers to conduct financial transactions 24X7.

The bank has introduced the following services which prove their adaptability to the latest technologies.

  • Internet banking which enables their customers to carry out banking transactions at the comfort of their home or workplace.
  • Mobile banking which helps to carry out various transactions like paying utility bills, credit card bills, balance enquiry, placing a request for hot-listing of cards, etc.
  • EMV chip- based debit cards enabled with a PIN for carrying out POS transactions and co-branded credit cards.
  • Travel cards with reloading facility in 8 different currencies is a blessing in disguise for frequent travellers.
  • Green Pin generation facility which put an end to the issuance of physical PIN mailers.
  • E-Kiosks for cash remittance
  • Digital POS machines without a printer which sends e-receipt to both the merchant and the customer.
  • Fastag which enables automatic payment of toll charges without waiting for the cash transaction at the toll plaza.
  • Digital loan opening systems which enable end to end automated process.

The Bank has also launched co-branded credit cards in association with SBI which pampers the customers with a host of benefits and rewards. The issue of the card is hassle-free and requires simple documentation. The charges that are set for the cards are very nominal. This is besides the various retail and corporate banking products and services provided by the bank.

Types of Karur Vysya Bank Credit Cards

The bank in association with SBI has launched Karur Vysya Bank SBI Credit Cards with three variants.

  • Karur Vysya Bank SBI Gold Card
  • Karur Vysya Bank SBI Platinum Card
  • Karur Vysya Bank Signature Card

Features and benefits of Karur Vysya Bank SBI Credit Card

  • Global acceptance: The card is accepted at over 24 million merchant establishments world over which includes 3,25,000 outlets in India.
  • Interest-free period: An interest free- period between 20 days to 50 days is provided for the purchases made on the card except for cash withdrawals made at the ATMs.
  • Flexi-pay: Under flexi- pay there is a provision to convert purchases on the card over 2500/- into EMI which can be paid in easy instalments.
  • Balance Transfer: If you have multiple cards and you are paying considerably higher interest for the outstanding balance on any of the cards, the balance outstanding of such a card can be transferred to Karur Vysya Bank SBI card at a lower rate and can be repaid in easy instalments.
  • Fuel surcharge: Waiver of fuel surcharge to the extent of 1% for transactions between 500/- to 4000/- at all petrol pumps across the country is provided.
  • Utility Bills: Payment of utility bills has been made easy with the Karur Vysya Bank Credit Card. You can also note standing instructions for the payment of the bills on the due date so that you do not miss the payment of the bills on the due date.
  • Cash Advance: A facility to avail cash advance up to the cash limit on the card is available. This cash advance will be delivered to your doorstep by a cheque or a draft.
  • Cash withdrawal: Cash can be withdrawn over 1 million Visa and Mastercard ATMs across the globe. Cash up to 80% of the credit limit can be withdrawn and it is limited to 12000/- per day
  • Railway ticket booking: Online railway ticket booking through the official website of the railways can be done using the card.
  • Add-on card: Add-on card facility for the family members of the primary cardholder is available.

Detailed features of Karur Vysya Bank SBI Credit Cards

The detailed features of Karur Vysya Bank SBI Credit Card are as given below:

Name of the cardFeatures
Karur Vysya Bank SBI Gold Card
  • The card is accepted globally at numerous merchant establishments.
  • With the Easypay facility, the payment of utility bills has been made very easy. You can get a standing instruction noted for the payment of utility bill dues on the due date and you will never miss the payment of any bill on the due date.
  • A cash advance can be availed in need of emergency and the cash will reach your doorstep vide a cheque or a draft.
  • Purchases over 2500/- on the card can be converted to easy EMI.
  • The outstanding balance on other bank cards can be transferred to the card at a lower interest and can be paid in easy instalments.
  • Railway tickets can be booked online using the card.
  • Interest-free period of 20 to 50 days for all purchases made on the card except cash withdrawal.
  • Waiver of 1% fuel surcharge is allowed for transactions between 500 to 4000/- at all fuel stations across the country.
Karur Vysya Bank SBI Platinum Card
  • 1% fuel surcharge waiver for a transaction between 500/- to 4000/- at any petrol station across the country.
  • Complimentary Priority Pass Membership worth $ 99.
  • Complimentary lounge access to visa lounges in Indian and overseas with the Visa Airport Lounge Access Program
  • A facility to convert purchases of 2500/- and above to EMI payable in easy instalments is provided.
  • The outstanding balance on the cards of the other bank can be transferred to Karur Vysya Bank Credit Card at a lower interest rate.
  • Cash up to 80% of the credit limit restricted to 12000/- a day can be withdrawn from any Visa and Mastercard ATMs across the globe.
  • Payment of utility bill is facilitated through the card. A standing instruction for payment of utility bills on the due date can be noted so that no bill payment is missed on a due date.
  • Railway ticket bookings can be done online through the official website of the railways using the card.
  • A cash advance up to the cash limit on the card can be availed in case of emergency and the cash will be delivered to your doorstep by way of a cheque or a draft.
  • Interest- free period of 20 to 50 days provided for purchases made on the card. For cash withdrawn with the card, there is no interest- free period.
Karur Vysya Bank SBI Signature Card
  • The card is accepted at over 24 million merchant establishments worldwide which includes 3,25,000 outlets in India.
  • A facility to convert purchases over 2500/- to EMI is provided to make shopping affordable.
  • The high cost outstanding on other bank cards can be transferred to Karur Vysya Bank SBI Platinum Card at a lower rate of interest with convenience to pay in easy instalments.
  • At times of emergency funds requirement, you have the provision to avail a cash advance up to the cash limit on the card which will be sent to your doorstep by way of a cheque or a draft.
  • Cash can be withdrawn at Visa and Mastercard ATMs across the globe. The cash withdrawal limit is 80% of the credit limit with a restriction of 12000/- per day.
  • Easy Bill Pay facilitates payment of utility bills. A standing instruction can be registered for payment of your utility bills on the due date. By doing so, payment of utility bills on the respective due dates will be done promptly.
  • Waiver of 1% fuel surcharge for a transaction of 500/- to 4000/- at all fuel stations in the country.
  • Avail a discount of 250/- for movie tickets on BookMyShow twice in a month. A convenience fee will be chargeable.
  • Complimentary membership for Priority Pass Program worth $99 will be provided.
  • Visa Airport Lounge Program enables free access to Visa Lounges across the globe.
  • Interest- free period of 20 to 50 days will be provided. This interest- free period is not applicable for cash withdrawn

Karur Vysya Bank SBI Credit Cards Rewards Details

Name of the CardRewardsSpecial Rewards

Karur Vysya Bank SBI Gold Card
  • Get 1 reward point for every 1-00/- spent on the card for all purchases.
  • Spends of 2000/- in the first 60 days from the date of card activation will earn you 2000 bonus reward points.
  • Earn 100/- cash back on the first cash withdrawal at an ATM within 30 days from the date of receiving the card.
  • 10 X reward points for every 100 spent on dining, departmental stores, grocery, and movies. Each reward point is equivalent to Re. 0.25
Karur Vysya Bank SBI Platinum Card
  • Earn 2 reward points on every spend of 100/- on all purchases.
  • Earn 5X reward points for every spend of 100/- on dining, grocery, departmental stores, and international spends.
  • The reward points can be redeemed for payment of credit card dues or for an array of attractive gifts in the gift catalogue.
  • E-Gift vouchers worth 3000/- from Yatra, Bata, Hush Puppies, Shoppers Stop or Marks & Spencers Westside as a welcome gift.

The coupon code will be sent to the registered mobile number.

The Yatra voucher can be redeemed by using the coupon code while making the purchase online.

All other coupons can be redeemed by showing the coupon code at the respective stores.

  • Earn 5X reward points on dining, grocery, departmental stores, and international spends.
  • Additional bonus points for annual spends of 4.oo lakhs and 5.00 lakhs each.
Karur Vysya Bank SBI Signature Card
  • Earn 2 reward points for every spend of 100/- on all purchases
  • Gift voucher worth 3000/- from Hush Puppies, Yatra, Marks & Spencers Westside, Bata or Shoppers Stop. The coupon code will be sent within 15 working days from the date of placing a request to your registered mobile number.
  • At Yatra, the voucher can be encashed while making the purchase online.
  • At other stores, the voucher can be encashed by showing the coupon code.
  • Earn 5X reward points for every spend of 100/-on dining, purchase at departmental stores, purchase of grocery, and international spends.
  • Up to 50000 bonus points worth 12500/- can be earned in a year.
  • On annual spends of 3.00 lakhs to 4,00 lakhs you earn 10000 bonus reward points.
  • On an annual spend of 5.00 lakhs to 8.00 lakhs you earn 15000 bonus reward points.

Karur Vysya Bank SBI Credit Card Fee Details

Name of the CardJoining FeeAnnual Fee
Karur Vysya Bank SBI Gold CardRS. 499/-499/- (waived on an annual spend of 1.00 lakh and above in the previous year)
Karur Vysya Bank SBI Platinum Card2999/-RS. 2999/-
Karur Vysya Bank SBI Signature Credit Card4999/-4999/- (waived on an annual spend of 10.00 lakhs)

Karur Vysya Bank SBI Card Charges

Name of the chargeAmount
Finance charges3.35% p.m.
Cash withdrawal charges

For cash withdrawn at SBI or other ATMs: 2.5% of the transaction amount subject to a minimum of 300.

3% of the transaction with a minimum of 300/- for cash withdrawn at International ATMs.

Pick-up charges for cheque100/-
Fee for payment by cheque up to 10000/-100/-
Cheque Dishonour fee2% of the payment amount with a minimum of 450/-
Duplicate statement100/- per statement for 2 months old statement
Delay payment penalty
Outstanding AmountCharges
Up to 200/-Nil
201/- to 500/-100/-
501/- to 1000/-400/-
1001/- to 10,000/-600/-
10001/- to 25000/-800/-
Above 25000/-950/-
Card replacement charges100/-
Emergency card replacement charges while on travel abroadRS. 175/-
Charges for using the card beyond the sanctioned limit2.5% of the overdrawn amount with a minimum of 500/-
Foreign currency mark-up fee3.5%
Cash deposit charges100/-
Charges for rewards redemption99/-
Surcharge for railway tickets purchased online1.8% of the transaction amount
Surcharge for railway tickets purchased at the counter2.5% of the transaction plus 30/-

How to apply for the Karur Vysya Bank SBI Credit Card

Steps to apply for the Credit Card through the Bank

To apply for the Karur Vysya Bank Credit Card you will have to visit the nearest branches of Karur Vysya Bank and submit the prescribed application along with the required documents. The status of the application will be informed through SMS to your registered mobile number.

Steps to apply for the Credit Card through MyMoneyMantra

MyMoneyMantra has provided a digital platform for online services. You will have to apply for the credit card using this digital platform.

  • Access the website of MyMoneyMantra and choose the credit card menu.
  • You will see a list of credit cards with all corresponding details like the charges, interest, etc collated on a single screen. Compare the cards and choose the one that is most suitable for you. Fill in all the relevant information required for applying for the credit card.
  • Once the filling of the application is complete and the process initiated you will get assistance from MyMoneyMantra representative to go through the process from documentation till the approval of the card.
  • On approval, the card will be dispatched to your address. Card and the pin will be despatched separately.

Eligibility for Karur Vysya Bank SBI Credit Card

The following eligibility criteria have to be complied with to qualify for the Karur Vysya Bank Credit Card.

  • The age of the applicant should be between 21 years to 65 years.
  • The age of the add-on cardholder should be above 18 years.
  • Salaried individuals, self-employed individuals/professionals, and businessmen are eligible for the card.
  • The applicant should preferably be the existing customer of the bank with a good track record.
  • The minimum annual income should be 8.00 lakhs.
  • The credit score of the applicant should be above 750.

Documents required for Karur Vysya Bank SBI Credit Card

The documents required for Karur Vysya Bank SBI Credit Card are as mentioned below:

  • Address proof like Aadhar Card, Voter?s ID card, Driving Licence, Utility Bills, etc.
  • Photo ID proof like Pan Card, Passport, Voter?s ID card, Driving Licence, etc.
  • Salaried individuals should provide income proof like the latest salary slips, Form 16 and bank account statement for the last 6 months. Self-employed individuals/professionals and businessmen should submit ITfor the last 2 years and financial documents like the balance sheet and profit and loss account for the last 2 years.

Making the payment of Karur Vysya Bank SBI Credit Card

Payment of the Karur Vysya Bank SBI Credit Card can be made by the following modes:

Internet banking: The customers of Karur Vysya Bank can make the credit card payment by logging in to the net banking facility with user ID and password.

 Mobile App: The card payment can be done the mobile app of Karur Vysya Bank. The payment can be done either by IMPS, NEFT or transfer from the account.

NEFT/RTGS: If payment has to be done from other bank accounts, then NEFT/RTGS is the best option. The beneficiary account for NEFT/RTGS will be the 16-digit credit card number.

Cheque: Payment can be done through a cheque. The payee?s name should be the 16-digit credit card number. The name of the cardholder and the registered mobile number has to be mentioned on the reverse of the cheque. Outstation cheques and non-CTS cheques will not be accepted. The payment can be done by demand drafts payable at Delhi.

Cash: Payment can be done by depositing cash at any of the branches of Karur Vysya Bank.

Karur Vysya Bank SBI Credit Card Customer Care Numbers

For queries regarding Karur Vysya Bank SBI Credit Card, you can contact the credit card customer care on the number mentioned below:

  • 1800-200-1916

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Karur vysya bank Credit Card FAQs

✅ How does the Spend Analyser of Karur Vysya Bank SBI Credit Card work?

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The credit card holder can analyse the spends on the card in the last 24 months category wise and percentage wise using the Spend Analyser Tool. This helps to keep track of the spending pattern.

✅What are the steps to be followed to book a railway ticket online using Karur Vysya Bank

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SBI Credit Card?

      To book railway ticket online the following steps have to be followed:

  • Access the official website of IRTC and register as a user.
  • Log in to your account with the user ID and password.
  • Give the necessary details as per the instruction on the website and book the ticket for the required destination.
  • When the prompt for payment appears, make payment using your Karur Vysya Bank SBI Credit Card.

✅ How does the SBI Card Alert feature provided for the Karur Vysya Bank SBI Card work?

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The SBI Card Alert provides real-time updations of the transactions made on the card through SMS Alerts to your registered mobile number. This feature can be used to get cash limit and credit limit alerts, cheque alerts, mini statement alerts, and Payment Assistance Alerts

✅. Is there any restriction for the cash advance facility available on the Karur Vysya Bank

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SBI Platinum Credit Card?

Through the Easy Money facility, you can avail cash advance facility whenever in need of emergency funds. The cash advance will be provided up to the cash limit on your card. The cash advance will be disbursed by way of a cheque or a draft which will be delivered to your doorstep. However, this cash advance facility will be provided only for the cardholders who have been making the payments on the card promptly on the due date for the past 6 months.

✅ Is there any extended credit facility on Karur Vysya Bank SBI Credit Card?

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No, there is no extended credit facility on Karur Vysya Bank SBI Credit Card. If the card is used over and above the sanctioned limit, there will be a penalty at 2.5% of the exceeded amount with a minimum of 500/- from the date of overdrawing till the date of regularisation.

✅ What should be done in case the card is lost/stolen?

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As soon as the loss/theft of the card is noticed, the cardholder should report the loss to the customer care division of the bank and get the card blocked. The bank will not be responsible for the fraudulent transactions on the card before reporting of the loss/theft of the card. The liability will be zero for the transactions done after reporting the loss/theft. A replacement card will be issued immediately.

✅ What is the income criterion to be eligible for Karur Vysya Bank SBI Credit Card?

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     The applicant should have an annual income of 8.00 lakhs to be eligible for the card.