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Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The Platinum credit card is a co-branded 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.
For your Karur VysyaSBI Platinum credit card, the credit 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.
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 the customer care of the State Bank of India 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:
| 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 |
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 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:
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.
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.
SBI card alert feature available on the Karur Vysya Bank- SBI Credit Card ensures that the cardholders get 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.
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.
In order to book a railway ticket online through the IRCTC website by using your Karur Vysya Bank - SBI Credit Card, you must 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.
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