KVB SBI Signature Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit:Users will get voucher worth Rs 5,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Westside, Shoppers Stop and Yatra.com
Milestone Benefits
Milestone Benefits: 10,000 reward points on achieving annual spends of Rs Rs 2 Lakhs, Rs 3 Lakhs and Rs 4 Lakhs, every year. 20,000 reward points on achieving annual spends of Rs Rs 5 Lakhs.
Cashback Rate
Users will get 5 reward points per INR 100 spent on dining, groceries, departmental stores. Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%.
Earn 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
Movie Benefits
Dining Benefits
Reward System: Users will get 5 reward points per Rs 100 spent on dining, groceries, departmental stores. Value of 1 reward point = Rs 0.25. Effective special cashback rate: 1.25%. 2 reward points per Rs 100, on all other spends. Value of 1 reward point = Rs 0.25. Effective general cashback rate: 0.5%.
Other Benefits
Enjoy access to more than 300 golf courses across the world. 30% discount on the green fee.
Lounge Access
Free membership to the Priority Pass programworth $99.
Rewards & Benefits
Welcome Benefits
Welcome Benefit:Users will get voucher worth Rs 5,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Westside, Shoppers Stop and Yatra.com
Milestone Benefits
Milestone Benefits: 10,000 reward points on achieving annual spends of Rs Rs 2 Lakhs, Rs 3 Lakhs and Rs 4 Lakhs, every year. 20,000 reward points on achieving annual spends of Rs Rs 5 Lakhs.
Cashback Rate
Users will get 5 reward points per INR 100 spent on dining, groceries, departmental stores. Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%.
Earn 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
Movie Benefits
Dining Benefits
Reward System: Users will get 5 reward points per Rs 100 spent on dining, groceries, departmental stores. Value of 1 reward point = Rs 0.25. Effective special cashback rate: 1.25%. 2 reward points per Rs 100, on all other spends. Value of 1 reward point = Rs 0.25. Effective general cashback rate: 0.5%.
Other Benefits
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Lounge Access
Free membership to the Priority Pass programworth $99.
Fees & Charges
Joining Fee
INR 4,999 + Taxes
Annual Fee
INR 4,999 + Taxes
Cash Advance Fee
Cash Advance fees: 2.5% or Rs. 500
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum).
Late Payment Fee
Late Payment charges: 0 to 1300
Foreign Currency Transactions Fee
3.50%
Other Fees
Renewal Fee (per annum): INR 4,999 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Fees & Charges
Joining Fee
INR 4,999 + Taxes
Annual Fee
INR 4,999 + Taxes
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum).
Late Payment Fee
Late Payment charges: 0 to 1300
Foreign Currency Transactions Fee
3.50%
Other Fees
Renewal Fee (per annum): INR 4,999 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
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.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
There are three major ways to apply for the KVB SBI Signature Credit Card:
1. Online:
This is fast and easy method.
Visit the SBI Card website.
Choose the "Credit Cards" tab and navigate to KVB SBI Signature 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 KVB SBI Signature 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
The card offers decent welcome benefits and milestone benefits. It also offers free access to priority pass membership and 30% discount on green fees for golf enthusiastic. However, it offers a low cashback rate, because of which it does not provide sufficient value for money.
The card offers decent welcome benefits and milestone benefits. It also offers free access to priority pass membership and 30% discount on green fees for golf enthusiastic. However, it offers a low cashback rate, because of which it does not provide sufficient value for money.
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