Karur Vysya Bank SBI Platinum Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Karur Vysya Bank SBI Platinum Credit 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.
Pros
Welcome Benefit: Users will get vouchers worth INR 3,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Westside, Shoppers Stop and Yatra.com
Reward System: Users will get 5 reward points per INR 100 spent on dining, groceries, and departmental stores. Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%. 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
Milestone Benefits: Users will get vouchers worth INR 3,000 on spending INR 4 lakhs and INR 5 lakhs every year.
2 free domestic airport lounge visits every quarter in India.
Free membership to the priority pass program worth $99.
Cons
Low cashback rate.
No free movie tickets.
Limited value add benefits.
Pros & Cons
Welcome Benefits
Users will get a voucher worth INR 3,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Westside, Shoppers Stop and Yatra.com
Rewards System
Users will get 5 reward points per INR 100 spent on dining, groceries, and departmental stores. Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%. 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
International Forex Markup
3.5%
Welcome Benefits and Reward System
Special Features
Free membership to the priority pass program worth $99.
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
Free access to domestic and international lounge.
Cashback on gorcery and dining.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
There are three major ways to apply for the Karur Vysya SBI Platinum Credit Card:
1. Online:
This is fast and easy method.
Visit the SBI Card website.
Choose the "Credit Cards" tab and navigate to Karur Vysya SBI Platinum Credit 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 SBI Platinum Credit 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 SBI Card Prime 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
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome Benefit: Users will get vouchers worth INR 3,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Westside, Shoppers Stop and Yatra.com
Reward System: Users will get 5 reward points per INR 100 spent on dining, groceries, and departmental stores. Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%. 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
Milestone Benefits: Users will get vouchers worth INR 3,000 on spending INR 4 lakhs and INR 5 lakhs every year.
2 free domestic airport lounge visits every quarter in India.
Free membership to the priority pass program worth $99.
Low cashback rate.
No free movie tickets.
Limited value add benefits.
The card offers decent milestone benefits and welcome benefits. It also provides free airport lounge visits. However, it has a low cashback rate which reduces its attractiveness for customers.
Karur Vysya Bank SBI Platinum Credit Card Review
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 2,999 + Taxes
Renewal Fee (per annum): INR 2,999 + Taxes.
Cash Advance fees: 2.5% or Rs. 500 whichever is higher.
Interest Rate: Up to 3.50% per month (42% per annum).
Late Payment charges: 0 to 1300
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 Rs.250 per statement cycle, per credit card account.
Billing Cycle
30 Days