Welcome Benefit: Users will get 500 bonus reward points on card activation.
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KVB Platinum Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get 500 bonus reward points on card activation.
Milestone Benefits
None.
Cashback Rate
Users will earn 2 reward points for every Rs 150 spent.
The value of 1 reward point is INR 0.25.
General Cashback Rate: 0.16%.
Users will earn 1.5x rewards on restaurants, medical, books, insurance, rail tickets, movie tickets & car rentals.
Special Cashback Rate: 0.5%.
2x rewards on domestic and international travels, hotels and air tickets, an effective cashback rate: 0.66%.
Movie Benefits
Special Cashback Rate: 0.5%.
Dining Benefits
Special Cashback Rate: 0.5%.
Other Benefits
Waiver of annual fees if the user spends INR 1,00,000 or more in the previous year.
Periodical offers from VISA.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get 500 bonus reward points on card activation.
Milestone Benefits
None.
Cashback Rate
Users will earn 2 reward points for every Rs 150 spent.
The value of 1 reward point is INR 0.25.
General Cashback Rate: 0.16%.
Users will earn 1.5x rewards on restaurants, medical, books, insurance, rail tickets, movie tickets & car rentals.
Special Cashback Rate: 0.5%.
2x rewards on domestic and international travels, hotels and air tickets, an effective cashback rate: 0.66%.
Movie Benefits
Special Cashback Rate: 0.5%.
Dining Benefits
Special Cashback Rate: 0.5%.
Other Benefits
Waiver of annual fees if the user spends INR 1,00,000 or more in the previous year.
Periodical offers from VISA.
Lounge Access
None.
Fees & Charges
Joining Fee
NIL
Annual Fee
Rs.599.00/card
Cash Advance Fee
Cash advance fee: 2% of the cash withdrawn or Rs 300. (Whichever is higher)
Interest rate
Interest Rates: 3.25% per Month; 39% P.A
Late Payment Fee
Late Payment Charges: 200-500 Rs.100/- 501-2500 Rs.300/- 2501-10000 Rs.500/- 10001 -25000 Rs.800/- 25001 and above Rs.1000/-
Foreign Currency Transactions Fee
Foreign Currency Transactions Fees: 3.5%.
Other Fees
Reward Redemption Fees: Rs. 99
Fees & Charges
Joining Fee
NIL
Annual Fee
Rs.599.00/card
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rates: 3.25% per Month; 39% P.A
Late Payment Fee
Late Payment Charges: 200-500 Rs.100/- 501-2500 Rs.300/- 2501-10000 Rs.500/- 10001 -25000 Rs.800/- 25001 and above Rs.1000/-
Foreign Currency Transactions Fee
Foreign Currency Transactions Fees: 3.5%.
Other Fees
Reward Redemption Fees: Rs. 99
Special Features
Eligibility Criteria
Age: 21 years to 65 years
Minimum annual income: Rs. 8 lakhs
CIBIL score: 750 and above
Permanent resident of India
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online Visit the KVB website and click on the "Cards" tab.
Under the "Credit Cards" section, click on "Apply Now".
Select the KVB Platinum Credit Card from the list of cards.
Fill in the online application form and submit it.
A bank representative will contact you to complete the process.
Documents required KYC documents (proof of identity, proof of address, and proof of signature) Income proof (such as income tax returns, Form 16, or bank statements)
Contact Details
1860 200 1916 (Domestic helpline); +9144-3072 1916 (International helpline)
Account Opening and Procedure
The KVB Platinum Credit Card is a decent option for moderate spenders who value everyday rewards, occasional travel benefits, and fuel savings. It offers a welcome gift, double rewards on travel bookings, bonus rewards on specific categories, and basic card benefits. However, the average reward rate, limited redemption options, lower fuel waiver cap, and lack of premium travel privileges might not be suitable for high spenders or those seeking significant travel or dining perks.
The KVB Platinum Credit Card is a decent option for moderate spenders who value everyday rewards, occasional travel benefits, and fuel savings. It offers a welcome gift, double rewards on travel bookings, bonus rewards on specific categories, and basic card benefits. However, the average reward rate, limited redemption options, lower fuel waiver cap, and lack of premium travel privileges might not be suitable for high spenders or those seeking significant travel or dining perks.
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