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

    With the KVB Platinum Credit Card, you get benefits on shopping and travel spends. You also earn reward points every time you use the credit card. The KVB Platinum Credit Card has no joining fee. The annual fee of the card is Rs.999.

    Key Highlights of the KVB Platinum Credit Card

    • Every time you spend Rs.150 on the credit card, you earn 2 reward points.
    • Enjoy a 1% waiver on the fuel surcharge when you swipe the KVB Platinum Credit Card to buy fuel at any fuel station in the country.
    • When you spend more than Rs.3 lakh in a year, the annual fee of Rs.999 will be waived off for the next year.

    Features and Benefits of the KVB Platinum Credit Card

    Welcome benefits

    • You get 500 reward points as a bonus when you activate the credit card.

    Reward points benefits:

    • You get 2 reward points for every Rs.150 that you spend on the credit card.
    • You get 2x reward points when you use the credit card to book hotel rooms and air tickets (domestic and international).
    • Earn 1.5x reward points when you swipe the card at restaurants.
    • You get 1.5x reward points when you swipe the card for the following:
      • Medical expenses
      • Insurance
      • Purchase of books
      • Buying railway tickets
      • Purchase of movie tickets
      • Renting cars from rental agencies
    • Milestone benefits:

      • The annual fee of Rs.999 will be waived off for the current year if you have spent over Rs.3 lakh in the previous year.

      Fuel benefits:

      • You get a fuel surcharge waiver of 1% when you buy fuel with the KVB Platinum Credit Card at any fuel station in India.
      • To avail this benefit, your fuel transaction has to be between Rs.500 and Rs.4,000.
      • You can only get a waiver of up to Rs.200 in every billing cycle.

      Equated Monthly Instalment (EMI) benefits:

      • You can convert your purchases into EMIs at interest rates ranging between 15% and 22%.
      • To avail the EMI benefit, your minimum transaction amount has to be Rs.500. The maximum amount that be converted into EMIs is your credit limit.

      Balance transfer benefits:

      • You can transfer a minimum amount of Rs.10,000.
      • The maximum amount that is applicable for balance transfer is your credit limit.
      • The interest rate is 18%.

    Fees and Charges of the Karur Vysya Bank Platinum Credit Card

    Type of Charge Fee
    Joining fee NIL
    Annual fee Rs.999
    Finance charge
    • 3.25% every month
    • 39% (Annualised)
    Minimum Amount Due (MAD) 5% of the outstanding amount, subject to a minimum of Rs.200 + taxes + EMI (if any) + overlimit amount (if any)
    Fee for credit card replacement/reissue Rs.199*
    Fee for an add-on card NIL
    Cash withdrawal fee 2% of the amount you withdraw or Rs.100, whichever is higher
    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
    More than Rs.25,001 Rs.1,000
    Overlimit fee
    • 2.5% of the overlimit amount
    • The fee is subject to a minimum amount of Rs.500
    Payment return via cheque/Electronic Clearing System (ECS)/National Automated Clearing House (NACH) Rs.500
    Cash processing fee Rs.100 is applicable to cash deposits that are made via KVB branches
    Foreign mark-up 3.5%
    EMI/Balance transfer processing fee Rs.300 or 1% of your loan amount, whichever is higher
    EMI/ Balance transfer foreclosure fee 3% on the principal amount outstanding
    Fee for reward points redemption Rs.99 for every redemption request

    *Please note that the reissue/replacement fee will be waived off if the card has been lost and fraudulent transactions have been made with your credit card. When your credit card expires, it will automatically be reissued at no extra charge.

    FAQs on KVB Platinum Credit Card

    1. For how long is the KVB Platinum Credit Card valid?

      The KVB Platinum Credit Card is valid for a period of 5 years from the date the card being issued to you.

    2. What is the interest-free period for the credit card?

      The interest-free period for the credit card is up to 45 days.

    3. Are contactless transactions allowed on the KVB Platinum Credit Card?

      Contactless transactions are allowed on the credit card. The limit for the contactless transaction is capped at Rs.5,000.

    4. How many reward points do I need to raise a reward points redemption request?

      You need to have a minimum of 2,000 reward points to raise your first redemption request with the bank. Thereafter, you are required to have at least 250 reward points to redeem the points.

    5. When will my reward points lapse?

      Please note that all unclaimed reward points will lapse once in every 3 years. Your reward points can also lapse if you have not paid the Minimum Amount Due (MAD) for over 60 days.

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