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Karur Vysya Bank SBI Card

Product Details
Credit Card Name : 

Karur Vysya Bank SBI Card

Bank Name :

Karur Vysya Bank

Type :

Rewards Credit Card

Interest Rate : 

3.50% per month (42% per annum) from the transaction date. 

Eligibility :

Age: You must be minimum 21 and maximum 70 years old.
Income: You must have a stable source of income.
Credit score: A good credit score is generally required.

Karur Vysya Bank SBI Card
Pros
  • Welcome Benefit: Spend INR 2,000 or more in first sixty days of receiving your card and get 2,000 bonus reward points

  • Reward System: Get 1.7% cashback on all your departmental and grocery stores. Get 0.17% on all your other spends. 

  • Milestone Benefits: Get annual fee reversal from second year on spending INR 100,000 or more. 

Cons
  • Low cashback rate.

  • No free movie tickets.

  • Limited value add benefits.

Pros & Cons
Welcome Benefits

Welcome Benefit: Spend INR 2,000 or more in first sixty days of receiving your card and get 2,000 bonus reward points

Rewards System

Reward System: Get 1.7% cashback on all your departmental and grocery stores. Get 0.17% on all your other spends. 

International Forex Markup

3.5%.

Welcome Benefits and Reward System
Special Features

 Get 1.7% cashback on all your departmental and grocery stores. Get 0.17% on all your other spends. 

Eligibility Criteria

Age: You must be minimum 21 and maximum 70 years old.
Income: You must have a stable source of income.
Credit score: A good credit score is generally required.

Benefits
  • Cashback on departmental and gorcery stores spend. 

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?

There are three major ways to apply for the Karur Vysya Bank SBI Card:


1. Online:

  • This is fast and easy method.

  • Visit the SBI Card website.

  • Choose the "Credit Cards" tab and navigate to Karur Vysya Bank SBI Card.

  • Click on "Apply Now" button and fill out the online application form with all your details.

  • Upload the requisite documents, such as proof of identity, proof of address, and proof of income.

  • Submit the application form.

2. Offline:

  • This method involves visiting a Karur Vysya branch.

  • Ask for the Karur Vysya Bank SBI Card application form.

  • Fill out the form with all of your details.

  • Attach the requisite documents.

  • Submit the application form to the bank.

3. By Phone:

  • Contact the SBI Card helpline at 1860-180-1290 or 3902-0202.

  • Request for an Karur Vysya Bank SBI Card application form.

  • The bank will then send you the form by courier.

  • Fill out the form with all of your details.

  • Attach the requisite documents.

  • Send the completed application form back to the bank.

Contact Details

l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)

Account Opening and Procedure
Karur Vysya Bank SBI Card

Card offers a low cashback of 1.7%. The only benefit it offers apart from cashback is 2000 points worth INR 500 offered as a welcome benefit. Apply for this card only if your cibil score is not eligible for other credit cards

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Fees & Charges
  • Annual Fee (one time): INR 499 + Taxes

  • Renewal Fee (per annum): INR 499 + Taxes.

  • Cash Advance fees: 2.5% or Rs. 500 whichever is higher at domestic ATMs and 2.5% or Rs. 500, whichever is higher at international ATMs

  • Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date. 

  • Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000  up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000. 

  • Reward Redemption Fees: INR 99/- per redemption. 

Fuel Surcharge

1% Fuel Surcharge waiver for each transaction between Rs.500 and Rs.4,000. Maximum Surcharge waiver of INR 100 per statement cycle, per credit card account.

Billing Cycle

30 Days

Fees & Charges
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