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.
Reward points benefits:
Airport and lounge benefits:
Contactless transactions benefits:
Equated Monthly Instalment (EMI) benefits:
|EMI interest rate||15% to 22%|
|Maximum amount||Credit limit of your credit card|
Balance transfer benefits:
|EMI interest rate||18%|
|Maximum amount||Your card's credit limit|
|Type of Charge||Fee|
|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||
|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|Cash withdrawal fee||Rs.100 or 2% of the withdrawn amount (whichever is the higher amount)|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||
|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|
The credit card is valid for 5 years from the date on which it is issued to you.
You get an interest-free period of up to 45 days.
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.
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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