Karur Vysya BankKarur Vysya Bank - SBI Gold Card – Benefits, Fees & Eligibility
Is the Karur Vysya Bank - SBI Gold Card Right for You?
The Karur Vysya Bank - SBI Gold Card is best suited for users who prioritize Shopping. With a joining fee of ₹499 + GST and a renewal fee of ₹499 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Reward Points as its primary reward mechanism, with a rewards rate of 10X RP for Rs. 150 at Dept./Grocery stores; 1 RP for Rs. 150 on others. 4 RP = Re. 1..
Key Card Details
₹499 + GST
₹499 + GST
Reward Points
Not Applicable
Notable Perks
Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Insurance Coverage
Not Applicable
Spend-Based Waiver
Annual membership fee waived from 2nd year if Rs. 100,000+ spent in previous year.
Movie Benefits
Not Applicable
Golf Benefits
Not Applicable
Things to Consider
The card lacks specific benefits for categories like dining, movies, or travel experiences.
Cash advance charges are not explicitly mentioned in the provided details, leading to uncertainty.
The reward point value is relatively low, as 4 reward points equate to only Re. 1.
Benefits & Features
Welcome Offer
Spend Rs. 2,000 or more within 60 days to earn 2,000 bonus Reward points.
Rewards Rate
10X RP for Rs. 150 at Dept./Grocery stores; 1 RP for Rs. 150 on others. 4 RP = Re. 1.
Reward Type
Reward Points
Reward Redemption
Redeem Reward Points to pay outstanding balance or for gifts from the sbicard.com catalogue.
Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Premium Benefits
Not Applicable
Insurance Coverage
Not Applicable
Movie Benefits
Not Applicable
Dining Benefits
Not Applicable
Travel Benefits
Not Applicable
Fees & Charges
Joining Fee
₹499 + GST
Renewal Fee
₹499 + GST
Spend-Based Waiver
Annual membership fee waived from 2nd year if Rs. 100,000+ spent in previous year.
Foreign Currency Markup
Not Applicable
Interest Rates
Not Applicable
Fuel Surcharge Waiver
1% waiver on transactions Rs. 500-3,000, max Rs. 100 per statement cycle.
Cash Advance Charges
Not Applicable
Rewards Redemption Fee
Not Applicable
Pros & Cons
Pros
Key benefits and features of this card.
High reward points for spending at departmental and grocery stores make shopping highly rewarding.
Opportunity to waive renewal fee by achieving a reasonable annual spending target of Rs. 100,000.
Enjoy relief from fuel surcharges on transactions, providing savings on regular fuel expenses.
Receive 2,000 bonus Reward points as a welcome benefit upon initial spending threshold.
Cons
Key drawbacks and limitations of this card.
The card lacks specific benefits for categories like dining, movies, or travel experiences.
Cash advance charges are not explicitly mentioned in the provided details, leading to uncertainty.
The reward point value is relatively low, as 4 reward points equate to only Re. 1.
Product Details
Accepted at over 24 million outlets globally, including 3,25,000 in India.
Opportunity to get add-on cards for eligible family members above 18 years.
Facility to withdraw cash from over 1 million Visa or MasterCard ATMs worldwide.
Conveniently pay electricity, telephone, and other utility bills via Easy Bill Pay.
Book railway tickets online through irctc.co.in and have them delivered.
Transfer outstanding balances from other credit cards at a lower interest rate.
Convert any purchase of Rs. 2,500 or more into easy monthly installments.
This is a co-brand product, potentially involving fee and revenue sharing.
Benefits & Features
Welcome Offer
Spend Rs. 2,000 or more within 60 days to earn 2,000 bonus Reward points.
Rewards Rate
10X RP for Rs. 150 at Dept./Grocery stores; 1 RP for Rs. 150 on others. 4 RP = Re. 1.
Reward Type
Reward Points
Reward Redemption
Redeem Reward Points to pay outstanding balance or for gifts from the sbicard.com catalogue.
Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Premium Benefits
Not Applicable
Insurance Coverage
Not Applicable
Movie Benefits
Not Applicable
Dining Benefits
Not Applicable
Travel Benefits
Not Applicable
What matters, explained clearly
Karur Vysya Bank - SBI Card
Introduction
The Karur Vysya Bank - SBI Card offers a range of privileges, including accelerated reward points on everyday spending categories like departmental and grocery stores, a significant bonus upon initial spend, and relief from fuel surcharges. It also provides flexibility with fee reversals based on annual spend, making it a valuable option for those looking for a card with substantial benefits and ease of use.
Welcome Benefits
- Extravaganza Offer: Spend Rs. 2,000 or more within the first 60 days of receiving your card to earn 2,000 bonus Reward points.
Fees
- Annual Fee (one-time): Rs. 499 + taxes
- Renewal Fee (per annum): Rs. 499 + taxes
- Spend-Based Waiver (Renewal Fee): The annual membership fee from the second year onwards can be reversed if you spend more than Rs. 100,000 on your Karur Vysya Bank - SBI Card in the previous year.
- Add-on Card Fee: Nil if the total purchases made in the previous year exceed Rs. 100,000. Otherwise, an annual fee of Rs. 499 is charged.
- Fuel Surcharge: Get freedom from paying the 1% fuel surcharge at any petrol pump.
- Applicable on transactions between Rs. 500 and Rs. 3,000.
- Maximum surcharge waiver is up to Rs. 100 per statement cycle, per Karur Vysya Bank - SBI Card account.
- All taxes would be charged as applicable on all the above Fees, Interest & Charges.
Rewards
- Value Back: Enjoy up to 1.7% value back.
- Accelerated Reward Points: Earn 10X Reward Points for every Rs. 150 spent at all Departmental and Grocery stores.
- Standard Reward Points: Earn 1 Reward Point for every Rs. 150 spent on all other categories.
- Reward Point Value: 4 Reward points are equivalent to Rs. 1.
Rewards Redemption Guide
- Reward Points can be used to pay the outstanding balance on your credit card.
- Alternatively, you can redeem Reward Points against a wide array of gifts by browsing the Rewards Catalogue on sbicard.com.
Important Product Details
- Worldwide Acceptance: The Karur Vysya Bank - SBI Card is accepted at over 24 million outlets globally, including 3,25,000 outlets in India, wherever Visa or MasterCard is accepted.
- Add-on Cards: You can get add-on cards for your parents, spouse, children, or siblings who are above 18 years of age.
- Cash on the Go: Withdraw cash from over 1 million Visa or MasterCard ATMs across the globe.
- Utility Bill Payment Facility: Pay your electricity, telephone, mobile, and other utility bills conveniently using the Easy Bill Pay facility.
- Online Booking of Railway Tickets: Book railway tickets online via irctc.co.in and get them delivered to your doorstep.
- To book: Register free of cost, log in with your user name and password, follow website instructions for reservations, and make payments through payment gateways that accept all Visa cards.
- Note: All transactions on irctc.co.in are governed by their terms and conditions.
- Balance Transfer on EMI: Transfer outstanding balances from other banks' credit cards to your Karur Vysya Bank - SBI Card to avail a lower rate of interest and pay back in EMIs. This service can be accessed by logging into sbicard.com.
- Flexipay: Convert any purchase of Rs. 2,500 or more into easy monthly installments. This can be done by logging on to sbicard.com within 30 days of purchase.
Other Details
- Application Process: To apply for the Karur Vysya Bank - SBI Card, visit the nearest Karur Vysya Bank branch.
- Co-brand Product: This is a co-brand product, which may involve fee and revenue sharing between SBI Card and the co-brand partner.
- Payment Settlement: All payments made for a cardholder account will be settled in the order mentioned on the SBI Card website's "Order of Payment Settlement" page.
- Cheque Payments: Cheques payable outside clearing zones are not accepted. Only local cheques or drafts payable in Delhi are accepted.
- SBI Card Drop Box Locator: To locate the nearest SBI Card drop box, SMS "PIN your 6-digit pin code xxxxxx" to 56767. You will receive a list of drop boxes in your area.
- Customer Assistance: For assistance, call the SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
- Information Disclaimer: All information provided is subject to change at the discretion of SBICPSL. The Most Important Terms and Conditions are available on www.sbicard.com.