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.

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

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

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.

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.

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.

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.

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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:
1. Medical expenses
2. Insurance
3. Purchase of books
4. Buying railway tickets
5. Purchase of movie tickets
6. Renting cars from rental agencies

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Fees and Charges of the Karur Vysya Bank Platinum Credit Card

Type of Charge	Fee
Outstanding amount	Late payment 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	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
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.

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FAQs on KVB Platinum Credit Card

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