Karnataka Bank collaborated with State Bank of India to launch two new co-branded credit cards, ‘Karnataka Bank SBI Platinum Credit Card’ and ‘Karnataka Bank Simply Save SBI Card’.
Launched in March 2017, the two cards are designed to cater the needs of two different categories of people. In this article, we will discuss about Karnataka Bank SBI Platinum Credit Card, which is exclusively developed for elite customers.
Designed around the lifestyle and spending patterns of premium class, the co-branded card comes with a bunch of features, rewards, travel offers, complimentary memberships, dining offers and lot more. Let’s look at them in detail.
This section will let you know the fees and charges applicable for the credit card.
There is no fee for the add-on credit cards.
|Total Amount Due (Rs.)||Fee (Rs.)|
|0 – 200||Nil|
|201 - 500||100|
|501 – 1,000||400|
|1,000 – 10,000||500|
|Greater than 10,000||750|
|Fee Type||Fee (Rs.)|
|Cheque pickup fee||Rs.90|
|Statement retrieval fee||Rs.100 per statement (more than 2 months old)|
|Charge slip retrieval fee||Rs.225 per charge slip|
|Card replacement charge||Rs.100|
|Rewards redemption fee||Up to Rs.99|
|Payment dishonour fee||2% of the payment amount|
|Cash payment fee||Rs.100|
|Emergency replacement in abroad||Nil|
|Over limit fee||2.5% of the over limit amount (min. Rs.500)|
|Foreign currency transaction fee||3.5% conversion mark-up|
In addition to the regular features and benefits, card holders can available additional offers and privileges as listed belowTravel and car rental benefits:
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