The Karur Vysya Bank was initiated in a small textile village at Karur in Tamil Nadu in year 1916. It was started by Shri Athi Krishna Chettiar and Shri. M.A. Venkatarama Chettiar. Today the bank has over 551 branches spread all across the country. It has more than 1276 ATMs in more than 17 states and 2 union territories. In the year 2013, the bank has included 457 ATMs and 100 branches.
The KVB or the Karur Vysya Bank was basically established to instill the habit of saving among people. The bank was set up to offer financial assistance to agriculturists and traders in the village of Karur. The Karur Vysya Bank is managed by a team of visionaries and Board of Directors.
The bank offers all types of personal banking services to the customer in various forms such as insurance, deposits, loans, mutual fund investments and many more. The bank also offers a plethora of technology based services such as mobile banking, internet banking and so forth.
Karur Vysya Bank provides a huge plethora of card services to the customers in the form of debit cards, gift cards, credit cards and travel cards. Karur Vysya Bank credit cards are available in two varieties which include the KVB Gold and more cards and KVB Platinum cards. The bank issues both secured and unsecured credit cards in both these varieties. These credit cards are Visa enabled. These cards are known as the KVB SBI cards, as the bank has a collaboration with the State Bank of India for offering credit cards. It can be used in more than a million outlets across the world. Customers are also offered three add-on cards by the Bank. The Karur Vysya Bank also offers loyalty reward points to the customers on the use of credit cards.
|Details of Karur Vysya Bank Credit Card|| |
|Credit card interest rate||3.35% per month|
|Card membership fee||Rs 2,999 for KVB Platinum cards and Rs 499/- for KVB Gold and more cards (one time)|
|Add- on fee||None|
|Foreign currency transaction||Conversion mark up: 3.5%|
|Late fee charges||Varies according to the amount|
|Annual fees||Rs 2,999 for KVB Platinum cards and Rs 499/- for KVB Gold and more cards (per annum|
|Replacement card charges||Rs 100/-|
*Note: All the rates are subject to change, therefore, customers are required to keep on checking the rates from time to time.
The bank charges Rs 499/- on KVB Gold and More credit card and Rs 2,999/- on KVB Platinum credit cards.
KVB charges Rs 499/- on KVB Gold and More credit cards as annual fee and Rs 2,999/- on KVB Platinum credit cards.
20-50 days, if the outstanding balance of the previous months are paid in full.
Yes, the bank charges an amount of Rs 100/- as replacement fee.
Yes, the Karur Vysya Bank charges late payment fees which vary according to the credit amount.
Yes, credit card balance transfer is possible on KVB SBI Platinum cards. However, the bank charges a processing fee.
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