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.

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

• 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.

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

Name of the CardRewardsSpecial Rewards

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.

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.

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.

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.

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