Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Karur Vysya Bank Honour Credit Card

    The KVB Honour Credit Card allows you to earn reward points when you spend on travel and shopping. There is no joining fee for the credit card and the annual fee of the KVB Honour Credit Card is Rs.1,299.

    Key Highlights of the KVB Honour Credit Card

    • Get 4 free visits to airport lounges in India.
    • You get a fuel surcharge waiver of 1% when you use the credit card to buy fuel at any fuel station in India.
    • When you activate the credit card, you get 700 reward points as a bonus.

    Features and Benefits of the KVB Honour Credit Card

    Welcome benefits

    • When you activate the KVB Honour Credit Card, you get 700 bonus reward points.

    Reward points benefits:

    • You earn 3x reward points every time you spend Rs.150 on the KVB Honour Credit Card.
    • When you use the credit card for the following, you get 2x reward points:
    • Dining at restaurants
    • Renting cars from partner rental agencies
    • Buying movie tickets
    • Medical expenses
    • Insurance
    • Buying books
    • Purchase of railway tickets
    • When you swipe the card for booking hotel rooms and air tickets (domestic and international), you get 4x reward points.

    Airport and lounge benefits:

    • You get 4 complimentary visits to domestic airport lounges.

    Milestone benefits:

    • When you spend more than Rs.5 lakh in one year on the KVB Honour Credit Card, the annual fee of Rs.1,299 will be waived off for the next year.

    Fuel benefits:

    • When you purchase fuel with the KVB Honour Credit Card at a fuel station in the country, you get a 1% fuel surcharge waiver.
    • You can get a fuel surcharge waiver of up to Rs.200 in one billing cycle.
    • To avail surcharge waiver benefit, the fuel transaction amount should be between Rs.500 and Rs.4,000.

    Contactless transactions benefits:

    • With the KVB Honour Credit Card, you can make contactless transactions up to Rs.5,000.

    Equated Monthly Instalment (EMI) benefits:

    EMI interest rate 15% to 22%
    Minimum amount Rs.500
    Maximum amount Credit limit of your credit card

    Balance transfer benefits:

    EMI interest rate 18%
    Minimum amount Rs.10,000
    Maximum amount Your card's credit limit

    Fees and Charges of Karur Vysya Bank Honour Credit Card

    Type of Charge Fee
    Joining fee NIL
    Annual fee Rs.1,299
    Finance charge
    • 3.25% every month
    • 39% (Annualised)
    Minimum Amount Due (MAD)

    5% of the outstanding amount (subject to a minimum amount of Rs.200) + EMI* + taxes + overlimit amount*

    *The EMI and overlimit amount are applicable only if you have purchased an item on EMI, or if you have any overlimit amount due.

    Fee for credit card replacement/reissue
    • Rs.199
    • When the credit card expires, the bank will automatically reissue a new credit card at no extra charge.
    Fee to get an add-on card NIL
    Cash withdrawal fee Rs.100 or 2% of the withdrawn amount (whichever is the higher amount)
    Late Payment charges
    Outstanding amount Late payment fee
    Rs.200 to Rs.500 Rs.100
    Rs.501 to Rs.2,500 Rs.300
    Rs.2,501 to Rs.10,000 Rs.500
    Rs.10,001 to Rs.25,000 Rs.800
    Rs.25,001 and more Rs.1,000
    Overlimit fee
    • 2.5% of the overlimit amount (subject to a minimum of Rs.500)
    Payment return through Electronic Clearing System (ECS)/cheque/National Automated Clearing House (NACH) Rs.500
    Cash processing fee Rs.100 (for cash deposits you make via KVB branches)
    Foreign currency mark-up 3.5%
    EMI/Balance transfer processing fee 1% of your loan amount or Rs.300 (whichever amount is higher)
    EMI/Balance transfer foreclosure fee 3% on your principal outstanding amount
    Reward points redemption fee Rs.99 per redemption request

    KVB Honour Credit Card Reward Points

    • You should have 2,000 reward points or more in order to raise the first rewards points redemption request.
    • Thereafter, you need to have a balance of at least 250 reward points to redeem your points.
    • Rewards points that have not been redeemed will automatically lapse once in every 3 years.
    • The reward points you earn on the KVB Honour Credit Card can also lapse if you do pay the Minimum Amount Due (MAD) for more than 60 days.

    FAQs on Karur Vysya Bank Honour Credit Card

    1. What is the validity period of the KVB Honour Credit Card valid?

      The credit card is valid for 5 years from the date on which it is issued to you.

    2. For the KVB Honour Credit Card, what is the interest-free period?

      You get an interest-free period of up to 45 days.

    3. What payment modes can I use to pay my outstanding credit card dues?

      All your outstanding credit card dues be paid via net banking, National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS), writing a cheque in favour of KVB, and/or cash payment at KVB branches.

    4. Do I have to pay the credit card reissue/replacement fee if my card was stolen?

      If your KVB Honour Credit Card is lost and has been used to make fraudulent transactions, the fee for reissue/replacement will be waived off.

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