Karur Vysya Bank SBI Signature Credit Card

Karur Vysya Bank SBI Signature Credit Card Details Updated on
Annual Fee and Renewal Fee Rs. 499
Reward Points 1 reward point per Rs. 100 spent
Extravaganza Offer Earn 2000 reward points as a bonus for spending Rs. 2000 in the first 60 days

Karur Vysya Bank SBI Signature Credit Card provides cashback on the first ATM withdrawal, value back up to 2.5% on grocery purchases, 1% fuel tax exemption, lucrative reward points program, Flexipay, cash withdrawal, EMI facility, lost card replacement, and several other benefits. 4 reward points equal to Rs. 1. You can use the points for clearing out the outstanding dues or purchase gifts from the partnered outlets. This credit card is a collaboration between the two banks – Karur Vysya and SBI.

In this post, we will discuss more on Karur Vysya SBI Signature Credit Card features, fees and charges, privileges, other benefits, and frequently asked questions.

Features of KVB SBI Signature Credit Card

Here are the features of this KVB Credit Card:

  • Value back up to 2.5% if you make purchases at grocery and departmental stores. On every Rs. 100 spent, you will get 10X reward points.
  • 2 reward points for each spend of Rs. 100 for all other categories. 1 reward point is equal to 25 paise. 4 reward points are equal to Rs. 1.
  • You can use the reward points to redeem gifts or to pay the outstanding balance on your credit card
  • The welcome offer is a cashback of Rs. 100 on making the first transaction at the ATM within 30 days of the card issuance.
  • 1% fuel tax exemption at all the petrol pumps. The fuel tax exemption applies on each transaction ranging between Rs. 500 and Rs. 3000 at all the petrol pumps across the country.
  • You can pay in easy installments for your transactions. Purchase anything of more than Rs. 2,500 on the credit card, and log in to the official website of the SBI card. But do this within 30 days of making the purchase. So, this will allow you to convert the purchase into installments.
  • You can locate the nearest SBI card dropbox through SMS. Type ‘PIN’ and the 6-digit pin code. After this, send this SMS to the number – 56767. In reply, you will receive a list of drop boxes available in the area

KVB SBI Signature Credit Card Fees and Charges

Here are the fees for this Karur Vysya Bank Credit Card:

  • Rs. 499 is what you have to pay one-time as the annual fee
  • The renewal fee per annum thereby is Rs. 499
  • The renewal fee is returned if you spend more than Rs. 1 lakh in the previous year
  • There are no charges for annual add-on

Privileges of Owning a Karur Vysya Bank SBI Signature Credit Card

Here are the facilities to expect under this KVB card:

  • Online Usage You can use and manage this credit card online. You can subscribe for SMS notifications, check your monthly statement, change your address, and use other functions by visiting the official website of SBI.
  • Fuel Surcharge Waiver This card gives the option to choose not to pay the fuel surcharge that is 1% by spending between Rs. 500 and Rs. 3000 for fuel via the card. The maximum discount given is Rs. 100 that the customer can enjoy per credit card cycle.
  • Online Booking of Railway Tickets With the help of the KVB signature card, one can reserve railway tickets online. To make prior reservations, the cardholder needs to visit the IRCTC website, log in and book the tickets. One can use a KVB SBI signature Credit card for making payments there. Please note that all the transactions made on the IRCTC website are subject to IRCTC T&C
  • Concierge Service This card provides its customers with concierge services for helping them when it comes to travel, gift delivery, movies, hotel assistance, and reservation. It provides different discounts and exclusive offers at famous spas and stores.

Other Benefits of Karur Vysya Bank SBI Signature Credit Card

Here are a few more benefits of Signature Credit Card Karur Vysya Bank:

  • Accepted Globally You can make payments at domestic and visa outlets internationally through your card.
  • Cash WithdrawalCustomers can use their cards to withdraw cash from over ATMs worldwide.
  • Zero-charge Utility Bill Payment With the Easy Bill Pay facility of this card, the customers are able to pay the utility bills with no fear of missing the bill due date. The facility of Auto Bill Pay allows the customer to give instructions for making automatic payments.
  • Easy Money Facility This facility enables the customers to utilize money according to their requirements. They can have quick access to facilities such as cheques and draft on the due cash limit that too at their doorsteps
  • Benefits for the Family This credit card enables you to use its distinct advantages within the family too. Bank can issue supplementary cards for your parents, spouse, children, and siblings as well. The only condition for the cardholder is to be 18 plus in age.
  • Instant Card replacement/ Re-issuance A lost or misplaced card can be reissued very effortlessly and without any problem. Cardholders need to call the customer care number of the Credit Card department of Karur Vyas bank. One may request a replaced card on the official helpline numbers.

Frequently Asked Questions about KVB SBI Signature Credit Card

Here are the Karur Vysya Bank Credit Card FAQs:

Not at all. There is no add-on fee for KVB SBI Signature Credit Card

Yes, while paying through your KVB SBI Signature Credit Card, you will receive a 1% fuel discount. The discount is applicable on an expense ranging between 500 to 3000 rupees. The maximum discount you may expect per credit card cycle is Rs. 100.

The payments you make on your credit card account are settled in the order of the minimum outstanding amount. The payment includes EMI for purchases on EMIs, taxes, fees, interest charges, other charges, 5% of the amount due, cash advance, purchase outstanding, and balance transfer outstanding.

Call the bank's customer care number instantly. As soon as you call them, your card will be blocked as per your request.

The bank does not accept cheques payable outside clearing zones. But it does accept payment done via drafts and local cheques. However, these should be payable only in Delhi. The payment will also include other fees, interest, charges, and taxes applicable.

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