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  • Karur Vysya Bank SBI Platinum Credit Card

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    Key Highlights of the Karur VysyaSBI Platinum Card

    The Platinum credit card is a co-branded credit card from the State Bank of India and Karur Vysya Bank which offers a wide range of benefits to the customers across various categories. The card offers a number of lifestyle benefits, travel benefits, fuel benefits, and reward points on each transaction.

    • On joining, you will receive a gift voucher of Rs.3,000 which can be redeemed across various brands.
    • For every Rs.100 spent on your card, you will receive 2 reward points.
    • Receive accelerated reward points of 5x on your purchases at departmental stores and grocery stores and your dining purchases.
    • On an annual spend of Rs.4 lakh and Rs.5 lakh, get a gift voucher worth Rs.3,000.
    • Get a complimentary Priority Pass Membership with the card.
    • Access to more than 300 golf courses all over the world.
    • 1% fuel surcharge will be waived off for all fuel transactions made with the card.

    Features and Benefits of the Karur Vysya Bank SBI Platinum Credit Card

    Welcome Benefits
    • Get a welcome e-gift voucher of Rs.3,000 once you pay the joining fee.
    • Redeem the voucher at the websites of top brands such as Westside, Hush Puppies, Yatra, Shopper's Stop, etc.
    Reward Point Benefits
    • You will receive 2 reward points for every Rs.100 spent on your credit card.
    • You will receive accelerated reward points of 5x on your departmental store, grocery store spends, and dining spends.
    Travel Benefits
    • Get a complimentary membership to the Priority Pass Program with your Karur Vysya Bank SBI Platinum credit card.
    • You will have access to the airport lounges at all domestic airports by paying a minimal fee.
    Fuel Benefits
    • You will get a fuel surcharge waiver of 1% on your fuel purchases at all petrol pumps in the country.
    • The waiver will be applicable for fuel purchases valued between Rs.400 and Rs.5,000.

    Karur Vysya Bank SBI Platinum Credit Card Limit

    For your Karur VysyaSBI Platinum credit card, the credit card limit is given at the discretion of the bank. The State Bank of India considers several factors before assigning the credit limit such as the annual income of the primary applicant, the credit score, the credit report as well as the repayment habit of past and ongoing debts.

    Latest Offers from the Karur Vysya Bank SBI Platinum Credit Card

    • Receive a discount of 20% on your services at Lybrate with the Karur Vysya Bank SBI Platinum credit card.
    • Get a discount of 20% with your credit card, on your first order from Swiggy.
    • With a minimum transaction of R.2,500, avail a cashback of 5% on your purchases made on the Ajio app or the website.
    • By applying the MMTSBI during checkout, get a 10% off on your domestic flight tickets and 20% on domestic hotels on MakeMyTrip.

    Reward Point Benefits on the Karur Vysya Bank SBI Platinum Credit Card

    • With every Rs.100 spent, get 2 reward points.
    • Accelerated reward points of 5x on your grocery spends, departmental store spends and dining expenses.
    • You will also receive 10x reward points on annual spends of Rs.4 lakh and Rs.5 lakh each on your credit card.
    How to Redeem Reward Points Earned on your Karur Vysya Bank SBI Platinum Credit Card

    Redeeming your reward points on your Karur Vysya Bank SBI Platinum credit card can be done through online or offline methods.

    Offline Methods

    To redeem your points offline, you can call SBI credit card customer care number at 39 02 02 02 with your STD code or 1860 180 1290.

    You can also send a post to the corporate address of the bank in order to redeem your reward points and send it to the following address.

    P.O. Box 28,

    GPO,

    New Delhi 110001.

    Online Methods

    To redeem your reward points online, here are the steps you need to follow:

    • Log in to the website of the State Bank of India
    • Select the 'rewards' option from the menu.
    • You can choose the products or vouchers you wish to purchase from the menu.
    • Add the items to your cart.
    • Click on submit and your points will be redeemed.

    Karur Vysya Bank SBI Platinum Credit Card Fees and Charges

    Type of Charge Amount
    Annual fee Rs.2,999
    Add-on card fee Nil
    Free credit period Nil
    Interest-free credit period 20 days - 50 days
    Minimum amount due 5% of the total outstanding amount subjected to a minimum of Rs.200
    Cash advance limit Up to 80% of the credit limit (maximum up to Rs.15,000 per day)
    Renewal fee Rs.2,999
    Finance charges 3.35% per month
    Charge slip retrieval Rs.225 per charge slip
    Cash advance fee at SBI ATMs or other ATMs 2.5% of the transaction amount subject to a minimum of Rs.300
    Cash advance fee at international ATMs 3% of the transaction amount subjected to a minimum of Rs.300.
    Late payment charges

    For a total amount due between Rs.0 and Rs.200 - Nil

    Between Rs.200 and Rs.500 - Rs.100

    Between Rs.500 and Rs.1,000 - Rs.400

    Between Rs.1,000 and Rs.10,000 - Rs.600

    Between Rs.10,000 and RS.25,000 - Rs.800

    More than Rs.25,000 - Rs.950

    Payment dishonour fee 2% of the payment amount subjected to a minimum of Rs.350.
    Cheque pickup fee Nil
    Statement retrieval Rs.100 per statement
    Fuel surcharge 1% of the fuel purchase amount
    Emergency card replacement, when abroad $175
    Card replacement Rs.100
    Over limit payment 2.5% of the over limit amount subjected to a minimum of Rs.500.
    Cash payment fee Rs.100
    Foreign currency transaction 3.5%
    Railway ticket fee 1.8% of the transaction cost + GST
    Rewards redemption fee Rs.99

    Eligibility Criteria of the Karur Vysya Bank SBI Platinum Credit Card

    Once you click on the 'Apply Now' option on the website, you will have to submit a few primary details and then the bank will evaluate if you are eligible for the card.

    The ideal eligibility criteria for the credit card is:

    • The age of the primary applicant must be between 18 and 70 years old
    • The age of the add-on applicant must be above the age of 15 years.
    • The primary applicant must be a citizen of India.

    Documents Required to Apply for the Karur Vysya Bank SBI Platinum Credit Card

    The bank will require to check several documents of the primary applicant during the procedure of the credit card application. Here are some of the documents which are required for the application procedure:

    • Proof of Identity
      • Driving License
      • Aadhaar card
      • Passport
    • Proof of Income
      • Form 16
      • IT Returns
      • Salary Slip
    • Address Proof
      • Aadhaar card
      • Passport
      • Voter ID
      • Ration Card

    This list of documents is indicative. The bank may ask you to submit other documents during the application procedure or after depending on the requirement.

    How to Apply for the Karur Vysya Bank SBI Platinum Credit Card?

    You can apply for the Karur Vysya Bank SBI Platinum Credit Card can be done through online or offline methods.

    If you wish to apply for the card offline, you can visit the nearest branch of SBI or contact the customer care of the bank.

    However, to apply for a credit card online, you can visit the website of the State Bank of India or you can apply for the card from the BankBazaar website as well.

    FAQs

    1. What is the Accelerated Reward Points system on the Karur Vysya Bank SBI Platinum Credit Card?

      The Accelerated Rewards Point system on the Karur Vyasa Bank SBI Platinum Credit Card lets you earn 2 reward point for every Rs.100 that you spend using the card. This reward point can be earned irrespective of the categories in which it is being spent.

    2. Where and how can I redeem the reward points that I earn through the Accelerated Reward Points system of the Karur Vyasa Bank SBI Platinum Credit Card?

      The reward points earned through the Accelerated Reward Points system of the Karur Vyasa Bank SBI Platinum Credit Card can be redeemed against the outstanding amount on the credit card. In addition to that, it can also be used to redeem exciting offers and items from the exclusive Rewards Catalogue offered by the card issuer.

    3. What is the limit of the reward points that can be earned through the Accelerated Reward Points system on the Karur Vyasa Bank SBI Platinum Credit Card?

      The Karur Vyasa Bank SBI Platinum Credit Card allows you to earn up to 7,500 reward points every month through the Accelerated Reward Points system. Once you hit the limit, the reward points will be accrued and will be carried over.

    4. Can I redeem the Spend Rewards on my Karur Vyasa Bank SBI Platinum Credit Card against my credit card bill?

      No, the Spend Rewards on your Karur Vyasa Bank SBI Platinum Credit Card cannot be redeemed against your credit card bill. You will receive e-Gift vouchers worth Rs.3,000 each when you hit an annual spending of Rs.4 lakh and Rs.5 lakh. These vouchers can be used to shop at any one of the listed partner brands of the card issuer.

    5. Will I receive any benefits from the Karur Vyasa Bank SBI Platinum Credit Card when I renew it after its term is over?

      Yes, you will be eligible for e-Gift vouchers worth Rs.3,000 which will be forwarded to you as a renewal gift when you renew your Karur Vyasa Bank SBI Platinum Credit Card.

    6. What are terms and conditions which makes me eligible for the renewal gift on the Karur Vyasa Bank SBI Platinum Credit Card?

      You will be eligible for a renewal gift when you spend a minimum of Rs.2 lakh in the previous year on the Karur Vyasa Bank SBI Platinum Credit Card.

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