Karur Vysya Bank - SBI Platinum Credit Card – Benefits, Fees & Eligibility

Introduction

The Karur Vysya Bank - SBI Platinum Credit Card, issued by Karur Vysya Bank in partnership with SBI Card, is positioned as a premium offering designed for individuals seeking enhanced rewards and privileges across various experiences. Its key differentiating benefits include a substantial welcome e-Gift Voucher, accelerated reward points on dining, departmental stores, and international spends, and comprehensive lounge access through both domestic airport lounge visits and a complimentary Priority Pass Program membership.

Welcome Benefits

• Welcome e-Gift Voucher worth Rs. 3,000.
• Choose from an array of travel and lifestyle brands for the voucher, including Yatra, Hush Puppies/Bata, Westside, Aditya Birla Fashion, and Shoppers Stop.
• The voucher link will be sent to the cardholder’s registered email ID and mobile number within 21 days, post realization of the annual fees.
• Cardholders will need to log in to the portal using their registered mobile number and OTP authentication to redeem the voucher.

Fees

• Joining Fee: Rs. 2,999 + taxes (one time).
• Renewal Fee: Rs. 2,999 + taxes (per annum).
• Add-on Card Fee: Nil (per annum).
• Fuel Surcharge Waiver:
  • Enjoy a 1% Fuel Surcharge Waiver on every transaction between Rs. 500 and Rs. 4,000 at all petrol pumps across India.
  • Maximum waiver of Rs. 250 per statement cycle, per credit card account.
• Priority Pass Program Usage Fee: A usage fee of $27 + taxes will be charged to the Karur Vysya Bank - SBI Platinum Credit Card every time you visit an airport lounge using the Priority Pass.
• All taxes would be charged as applicable on all Fees, Interest & Charges.

Rewards

• Reward Points Earning:
  • 5X Reward Points on Dining, Departmental Stores, and International spends.
  • 2 Reward Points for every Rs. 100 spent on other categories.
• Reward Point Value: 4 Reward Points = Re. 1.
• Monthly Reward Point Capping:
  • Earn up to 7,500 Reward Points per month.
  • After reaching the capping limit, 2 Reward Points for every Rs. 100 spent will continue to accrue.
• Milestone Benefits:
  • Rs. 3,000 e-Gift Voucher on annual spends of Rs. 4 lakhs and another Rs. 3,000 e-Gift Voucher on annual spends of Rs. 5 lakhs.
  • Vouchers can be chosen from brands like Yatra, Hush Puppies/Bata, Aditya Birla Fashion, Westside, and Shoppers Stop.
• Lounge Benefits:
  • 2 Complimentary Domestic Airport Lounge visits every quarter in India.
  • Complimentary Membership to the Priority Pass Program worth $99.
  • Access over 1,000 Airport Lounges worldwide with Priority Pass.
  • Only Primary Cardholders are eligible for Priority Pass.
  • Complimentary Priority Pass membership will be valid for 2 years only.
• Golf Benefits:
  • Access to more than 300 golf courses across the world.
  • 30% discount on Green Fee.

Rewards Redemption Guide

• Redeem Reward Points against outstanding credit card dues.
• Redeem Reward Points for exciting items from the Rewards Catalogue.

Important Product Details

• Welcome Benefit: Rs. 3,000 e-Gift Voucher.
• Accelerated Rewards: 5X points on Dining, Departmental Stores, and International spends.
• Milestone Vouchers: Earn Rs. 3,000 e-Gift Vouchers on annual spends of Rs. 4 lakhs and Rs. 5 lakhs.
• Lounge Access: 2 complimentary domestic lounge visits per quarter and complimentary Priority Pass membership for international lounge access (usage fee applies).
• Fuel Surcharge Waiver: 1% waiver on transactions between Rs. 500 and Rs. 4,000, capped at Rs. 250 per cycle.
• Golf Privileges: Access to golf courses and discounts on Green Fees.
• Fraud Liability Cover: Complimentary Rs. 1 lakh cover.
• Global Acceptance: Accepted at over 2 million Visa outlets worldwide.
• Annual/Renewal Fee: Rs. 2,999 + taxes.
• Priority Pass Usage Fee: $27 + taxes per visit.
• Reward Point Capping: Accelerated rewards are capped at 7,500 points per month.

Other Details

• Renewal Gift: Rs. 3,000 vouchers on Rs. 2 lakhs spent in the previous year, redeemable with brand partners like Yatra, Hush Puppies/Bata, Aditya Birla Fashion, Westside, and Shoppers Stop.
• Cash on the Go: Withdraw cash from over 1 million Visa ATMs worldwide.
• Easy Bill Pay Facility: Pay electricity, telephone, mobile, and other utility bills.
• Flexipay EMI: Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
• Fraud Liability Cover: Complimentary Credit Card Fraud Liability Cover of Rs. 1 lakh, liable for a period of 48 hours prior to reporting of loss, to 7 days post reporting of loss.
• Balance Transfer on EMI: Transfer outstanding balances of other banks’ credit cards to your Karur Vysya Bank - SBI Platinum Credit Card at a lower interest rate and repay in easy EMIs.
• Online Railway Tickets Booking: Book railway tickets online and get them delivered at your doorstep.
• Global Acceptance: Accepted at over 2 million Visa outlets worldwide and over 2,85,000 outlets in India.
• Add-on Cards: Empower your family members (parents, spouse, children, or siblings above the age of 18) with add-on cards.
• Emergency Card Replacement: Get your card replaced anywhere in the world with 24x7 helpline support.
• The card can be used in over 2 million Visa outlets across the globe, including 2,85,000 in India.
• You can withdraw cash from over 1 million Visa ATMs across the globe.
• To apply for the Karur Vysya Bank - SBI Platinum Credit Card, visit the nearest Karur Vysya Bank Branch.
• This is a co-brand product, and there may be fee and revenue sharing between SBI Card and the co-brand partner.
• Your continued use of the card will be deemed acceptance of any amendments in the Terms and Conditions.
• For assistance, call SBI Card helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code).
• All information is subject to change at the discretion of SBICPSL.
• Important documents and terms are available via digital membership kit, order of payment settlement, and most important terms & conditions.