KVB Corporate Credit Card

The KVB Corporate Credit Card, a Visa offering from Karur Vysya Bank, earns you 2 reward points for every Rs 100 spent. Enjoy 2 complimentary lounge accesses in India and explore a range of other exclusive benefits and rewards with this corporate credit card. Elevate your business experience.

Key Highlights of KVB Corporate Credit Card

Unlock unparalleled benefits with the KVB Corporate Credit Card.

  1. Streamlined Accounting: Easily manage corporate expenses categorized under ‘corporate liability.’
  2. Airport Lounge Privileges: Enjoy 2 complimentary lounge visits at domestic airports.
  3. Fuel Savings: Benefit from a 2% fuel surcharge waiver when using the KVB Corporate Credit Card at any fuel station across India.

Features and Benefits of KVB Corporate Credit Card

The KVB Corporate Credit Card offers several features and benefits:

1. Cashback Programs:

  • Access exclusive cashback programs for corporate spending.

2. Corporate Liability:

  • All corporate expenses accounted for under ‘corporate liability.’

3. Bulk Credit Cards:

  • Receive up to 25 credit cards under one corporate account.

4. Airport and Lounge Benefits:

  • Enjoy 2 free lounge visits at domestic airports.

5. Reward Points:

  • Earn 2 reward points for every Rs.100 spent.

6. Fuel Surcharge Waiver:

  • Benefit from a 2% fuel surcharge waiver on transactions between Rs.400 and Rs.4,000.
  • Maximum waiver capped at Rs.300 per month on KVB Corporate Credit Card fuel purchases in India.

KVB Corporate Credit Card Fees and Charges

Explore the fee structure for the KVB Corporate Credit Card and discover the financial advantages that come with it.

1. Joining Fee:

  • No joining fee.

2. Annual Fee (Second Year Onwards):

  • Rs.1,000 per year.

3. Finance Charge:

  • 2.95% per month.
  • Annualized rate: 35.40%.

4. Minimum Amount Due (MAD):

  • 5% of outstanding amount, minimum Rs.100/month.

5. Credit Card Replacement/Reissue Fee:

  • Rs.500.

6. Add-on Card Fee:

  • No fee.

7. Cash Withdrawal Fee:

  • 2% of withdrawn amount or Rs.100, whichever is higher.

Documents Required for KVB Corporate Credit Card

To apply for the KVB Corporate Credit Card, you will typically need to provide the following documents:

1. Application Form:

  • Completed and signed application form for a KVB Corporate Credit Card.

2. KYC Documents:

  • Proof of identity (e.g., Passport, Aadhar card, Voter ID).
  • Proof of address (e.g., Utility bill, Rental agreement).

3. Business Proof:

  • Business registration certificate.
  • Memorandum and Articles of Association.

4. Financial Documents:

  • Latest audited financial statements.
  • Income tax returns of the company.

5. Bank Statements:

  • Recent bank statements for the company.

6. Board Resolution:

  • Board resolution authorizing the application for the corporate credit card.

7. GST Registration:

  • GST registration certificate.

8. Employee List:

  • List of employees eligible for the corporate credit card.

9. Income Proof:

  • Salary slips or income proof of employees.

10. Pan Card:

  • PAN card of the company.

11. Photographs:

  • Passport-sized photographs of authorized signatories.

How to apply for KVB Corporate Credit Card?

Follow these steps to apply for the KVB Corporate Credit Card:

  1. Apply for KVB Corporate Credit Card through multiple channels: online or offline.
  2. Visit KVB website, select the Corporate card, and click “Apply Now.”
  3. Fill out the application form online and submit for processing.
  4. Alternatively, apply offline by visiting a KVB branch and completing a form.
  5. Receive your KVB Corporate Credit Card conveniently at your registered address.

Frequently Asked Questions (FAQs) –

  1. What is a KVB Corporate Credit Card?The KVB Corporate Credit Card is a financial tool designed for businesses to manage their expenses efficiently. It allows employees to make business-related transactions while providing the company with control over spending.
  2. How can my business apply for a KVB Corporate Credit Card?You can apply for a KVB Corporate Credit Card by contacting your nearest Karur Vysya Bank branch or through the bank’s official website. The application process typically involves submitting necessary business documents and meeting eligibility criteria.
  3. What are the eligibility criteria for obtaining a KVB Corporate Credit Card?Eligibility criteria may vary, but generally, businesses need to have a certain annual turnover, a good credit history, and must be in operation for a specified period. Specific criteria can be obtained from the bank or its website.
  4. What features and benefits does the KVB Corporate Credit Card offer?The features and benefits include credit limits tailored to business needs, detailed expense tracking, online access to account information, reward programs, and customized reporting for better financial management.
  5. How is the credit limit determined for the KVB Corporate Credit Card?The credit limit is determined based on various factors, including the business’s financial stability, credit history, and the purpose of the card. The bank assesses these factors during the application process to determine a suitable credit limit.
  6. Is there a reward program associated with the KVB Corporate Credit Card?Yes, KVB Corporate Credit Card often comes with a reward program where businesses can earn points or cashback on eligible transactions. These rewards can be redeemed for various benefits, such as travel, merchandise, or statement credits.
  7. How can I monitor and control the expenses made with the KVB Corporate Credit Card?KVB Corporate Credit Card provides online access and detailed statements, allowing businesses to monitor transactions in real-time. Additionally, the card may offer controls like spending limits on individual cards, providing an extra layer of expense management.
  8. What security measures are in place for the KVB Corporate Credit Card?KVB implements robust security measures, including encryption technologies, secure online access, and transaction monitoring. Businesses are often provided with the ability to set restrictions on card usage, enhancing security.
  9. How do I pay the bills for the KVB Corporate Credit Card?Businesses can pay the bills through various channels, including online banking, cheque payments, or auto-debit facilities. The bank will provide detailed information on payment options upon card issuance.
  10. What should I do if my KVB Corporate Credit Card is lost or stolen?In case of loss or theft, it’s crucial to contact the bank’s customer service immediately to report the incident. The bank will guide you through the necessary steps to secure your account and may issue a replacement card if needed.