Karur Vysya SBI Credit Card is a co-branded card offered to customers by Karur Vysya and SBI Cards (a joint venture between GE Capital and State Bank of India). Shop & Smile Program rewards you with Reward Points whenever you shop, which can be redeemed against outstanding balance or gifts from the rewards catalogue. A Karur Vysya SBI Credit Cardholder can use his/ her Karur Vysya - SBI Card for all your needs ranging from dining, shopping, filling fuel, trips abroad and much more.
Features:
- Balance Transfer: Save a lot of money by transferring all your high-rate outstanding balances from other bank credit cards to Karur Vysya Bank - SBI Card. A very nominal rate of interest is applicable on repayment of the same.
- This credit card is accepted globally and can be used in any merchant outlet which has a Visa / Mastercard sign of acceptance.
- Flexipay: With the simple installment plan available on the card you can make purchases that can be converted into easy monthly installments.
- Easy Money: Get bank drafts quickly by just placing a call to the SBI Card Customer Helpline. The amount of the draft will be billed directly to the customer’s Karur Vysya SBI Card. This will be useful to the customer for payments of various bills, taxes, fees and a lot more.
- Utility Bill Payment Facility: Customers can link your various bills to Karur Vysya Bank - SBI Card and enjoy the convenience of hassle-free and timely payment. Payment options like Register & Pay, Visa bill pay, Pay Fast, etc. are available to ensure hassle-free payments.
- Purchase railway tickets online using your Karur Vysya SBI Credit Card. You can get them delivered at your doorstep as well.
- Credit Facility: Karur Vysya SBI Credit Card offers flexibility in repayment options. With the extended credit option the cardholder can plan his/her outstanding payments as per his / her convenience. The minimum amount due can be paid from the total outstanding amount due shown in the Monthly Credit Card Statement. The unpaid balance can be carried forward at one of the lowest finance charges available.
- Add-on Cards: You apply for add-on cards for your spouse, parents, children or siblings who are above the age of 18.
- Travel worry-free with the Karur Vysya Bank - SBI Credit Card because with this card you can withdraw cash from any ATM around the world, which accepts Visa/Mastercard.
- In case of an emergency such as loss of card, card replacement, etc., SBI Card Customer Helpline and VISA/MasterCard Global Customer Assistance Services will be available around the clock to assist you, no matter where you are.
- E-statement: Get your monthly credit card statement regularly to your registered e-mail id.
Benefits:
- Welcome Offer: As a welcome offer get Rs. 100 off on Cash Withdrawal. When the cardholder makes his/her first ATM cash withdrawal, he/she is eligible to get a cashback of Rs 100. This is applicable for an ATM withdrawal made within 30 days of receiving the card.
- Earn 1 reward point for every Rs. 100 spent on your Karur Vysya Bank- SBI Credit Card.
- The Accelerated Reward Points feature of this credit card offers the cardholder the opportunity to get up to 2.5% of Value Back (10 Reward Points on every Rs. 100 spent) every time he/she makes departmental store and grocery purchases with your Karur Vysya Bank- SBI Credit Card.
- Fuel Freedom: Save money on fuel purchases by paying just 2.5% fuel surcharge across all fuel stations.
Fees and Charges:
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Joining fee
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Rs.2,999
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Annual Fee
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Rs.2,999
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Charge slip retrieval
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Rs. 225 for each chargeslip
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interest-free credit period
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20-50 days applicable on retail purchases if outstanding balance of previous month is paid in full
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Finance charges on extended credit
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Up to 3.35% per month from date of transaction
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Minimum Amount Due
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5% of Total Outstanding (Min. Rs. 200) + GST + EMI
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Maximum Cash Advance limit
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Up to 80% of Credit Limit
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Cash advance fee at SBI ATMs/Other Domestic ATMs
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2.5% of withdrawal amount or 300/-, whichever is the highest
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Cash advance fee applicable at International ATMs
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3% of withdrawal amount or 300/-, whichever is the highest
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Cheque Pickup charges
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Rs.90
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Statement Retrieval charges
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Rs.100 for each statement
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Rewards Redemption Fee
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Rs. 99
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Cash OTC Fees
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Rs. 100
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Foreign Currency Transaction
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3.5% currency conversion mark-up
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Karur Vysya Bank SBI Platinum Credit Card FAQs:
- What is SBI Card Alert?
SBI card alert feature available on the Karur Vysya Bank- SBI Credit Card ensures that the cardholders gets timely updates on transactions made on the card via SMS to the registered mobile number. Customers can also use SBI Card Alert to get Credit & Cash limit Alerts, Mini Statement Alerts, Cheque Alerts & Payment Assistance Alerts.
- What is a Spend Analyser?
SBI Card offers the ‘The Spend Analyser’ feature to its cardholders wherein they can analyze their current credit card spends using this tool. The credit cardholder can also analyze their spends category wise and in percentage. This is applicable for purchases made in the last 24 months.
- What is the process of booking a railway ticket online using my Karur Vysya Bank- SBI Credit Card?
In order to book a railway ticket online through the IRCTC website by using your Karur Vysya Bank - SBI Credit Card, you have to first register yourself in the IRCTC website and then log into your account. Book the ticket to your destination by providing the necessary details. When the portal prompts you to make a payment, use your Karur Vysya SBI Card through either of the two payment gateways which accept all Visa Cards.
- Is there a penalty on late payment of Karur Vysya SBI credit card dues?
Yes, there will be a fee levied on late payment of outstanding amount or minimum amount due. The charges are as follows:
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Outstanding Amount Due
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Late payment Fees
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Total Amount due ranging from Rs.0-Rs.200
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Nil
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Total Amount due greater than Rs.200 & up to Rs.500
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Rs.100
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Total Amount due greater than Rs.500 & up to Rs.1000
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Rs.200
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Total Amount due greater than Rs.1000 & up to Rs.10,000
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Rs.500
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Total Amount due greater than Rs.10,000
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Rs. 750
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- What are the surcharges applicable on the Karur Vysya SBI credit card?
The surcharges applicable on the credit card are as follows:
- Railway tickets: Rs. 30 + 2.5% of transaction amount to purchase railway tickets at railway counters
- IRCTC website (railway tickets): 1.8% of transaction amount + service charge, to purchase railway tickets through the IRCTC website
- Fuel Surcharge on purchases ranging between Rs. 500 and Rs. 3000: 2.5% surcharge waiver (excluding GST wherever applicable + other charges) for single transaction for purchase of Petrol & all products/services sold at petrol pumps for an amount of Rs. 500 and Rs. 3000. The maximum cap on the surcharge waiver is Rs. 100 per statement cycle for each credit card account.
- Fuel Surcharge on purchases of Petrol & all products/services which is lesser than Rs. 500 and greater than Rs. 3,000: 2.5% of transaction amount (Minimum value of Rs. 10) for transaction amounts lesser than Rs. 500 and greater than Rs. 3,000 on all Petrol & all products/services sold at petrol pumps.
