KVB Platinum Credit Card

The KVB Platinum credit card, issued by Karur Vysya Bank, offers a fee-free signup. Earn 2 reward points for every Rs 150 spent, with 1.5x points on medical, restaurant, insurance, and rail bookings. Enjoy 4 points on travel expenses. Additionally, receive 500 bonus points upon paying the membership fees.

Key Highlights of KVB Platinum Credit Card

Unlock unparalleled benefits with the KVB Platinum Credit Card.

  1. Earn 500 bonus reward points upon signing up.
  2. Get 2 reward points for every Rs 150 spent on domestic and international travel, as well as air tickets.
  3. Enjoy 1.5X reward points for every Rs 150 spent on various categories including restaurants, medical bills, insurance, rail tickets, movie
  4. ticket booking, and car rentals.
  5. No joining fee charges for the credit card.
  6. Benefit from a 1% fuel surcharge waiver at petrol stations across India.
  7. Convert your purchases into easy EMIs for added flexibility.

Features and Benefits of KVB Platinum Credit Card

The KVB Platinum Credit Card offers several features and benefits:

Features:

  1. Periodic VISA offers enhance your card benefits.
  2. Earn 2 reward points for every Rs.150 spent.
  3. Activate and receive a bonus of 500 reward points.
  4. Enjoy a fuel surcharge waiver on transactions.
  5. 2x reward points on both international and domestic travel.
  6. Earn 1.5x reward points on dining, movies, car rentals, and insurance.
  7. Convert outstanding balances to convenient EMIs.
  8. Annual fee waived if previous year’s spends exceed Rs.3 lakh.

Benefits: 

1. Welcome Benefit:

  • Receive 500 bonus reward points upon payment of membership fees.

2. Additional Benefits:

  • 1% fuel surcharge waiver on transactions between Rs 500 and Rs 4000 at Indian petrol stations, up to Rs.200 off per billing cycle.
  • No joining fee for the KVB Platinum credit card.
  • Convert purchases into EMIs with a minimum transaction value of Rs.500.

KVB Platinum Credit Card Fees and Charges

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

  1. Joining Fee: Nil
  2. Renewal Fee: Rs 599 + GST; Spend Based Waiver: Annual fee waived on spends of Rs. 1 lakh
  3. Rewards Redemption Fee: Rs 99
  4. Foreign Currency Markup: 3.5% on conversion amount
  5. Interest Rates: 3.25% per month (39% p.a)
  6. Fuel Surcharge: 1% waiver on transactions between Rs 500 and Rs 4000 at Indian petrol stations, max discount Rs 200/billing cycle
  7. Cash Advance Charges: 2% on withdrawal amount, minimum charge Rs 100
  8. Add-on Card Fee: Nil

Eligibility Criteria for KVB Platinum Credit Card

Here are essential criteria for applying for an KVB Platinum Credit Card:

  1. Age: Generally, the primary cardholder should be within a specific age range, often 21 to 60 years.
  2. Income: A minimum specified income level is required, ensuring the applicant has the financial means to manage the card.
  3. Employment: Applicants may need to be salaried or self-employed with a stable source of income.
  4. Credit Score: A good credit history and a high credit score are usually prerequisites for approval.
  5. Citizenship: Some cards may be restricted to residents of specific countries.
  6. KYC Documents: Submission of Know Your Customer (KYC) documents, such as identity proof, address proof, and income proof.

Documents Required for KVB Platinum Credit Card

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

1. Proof of Identity:

  • PAN Card
  • Aadhaar card
  • Driver’s License
  • Passport
  • Voter’s ID
  • Overseas Citizen of India Card
  • Person of Indian Origin Card
  • Job card issued by NREGA
  • Letters issued by the UIDAI

2. Proof of Address:

  • Aadhaar card
  • Driver’s License
  • Passport
  • Utility Bill (not more than 3 months old)
  • Ration Card
  • Property Registration Document
  • Person of Indian Origin Card
  • Job card issued by NREGA
  • Bank Account Statement

3. Proof of Income:

  • Latest one or two salary slips (not more than 3 months old)
  • Latest Form 16
  • Last 3 months’ bank statement

How to apply for KVB Platinum Credit Card?

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

  1. Navigate to Karur Vysya Bank’s official website.
  2. Select ‘Credit Cards’ under the ‘Personal’ section in the website header.
  3. Pick your desired credit card variant and proceed to the next step.
  4. On the chosen card’s page, click on the ‘Apply Now’ option.
  5. Complete the application form by providing all necessary information and click ‘Submit.’
  6. The bank will verify your submitted application.
  7. Expect a follow-up from the bank’s representative for additional documentation.

Frequently Asked Questions (FAQs) –

1. What is the KVB Platinum Credit Card?

  • The KVB Platinum Credit Card is a premium credit card offered by Karur Vysya Bank, designed to provide exclusive benefits and privileges to cardholders.

2. How can I apply for the KVB Platinum Credit Card?

  • You can apply for the KVB Platinum Credit Card by visiting the official website of Karur Vysya Bank or by visiting a nearby branch. The application process typically involves submitting the required documents and meeting the eligibility criteria.

3. What are the eligibility criteria for the KVB Platinum Credit Card?

  • The eligibility criteria may vary, but generally include factors such as age, income, and creditworthiness. It’s advisable to check with the bank or refer to the official website for specific eligibility details.

4. What are the key features of the KVB Platinum Credit Card?

  • The KVB Platinum Credit Card may offer features such as reward points, cashback, travel benefits, and exclusive privileges with partner merchants. Check the terms and conditions or contact the bank for detailed information on the card’s features.

5. How can I check my KVB Platinum Credit Card balance?

  • You can check your KVB Platinum Credit Card balance through the bank’s online banking portal, mobile app, or by contacting the customer service hotline provided on the back of your card.

6. What rewards and benefits come with the KVB Platinum Credit Card?

  • The card may offer rewards in the form of points or cashback, as well as benefits such as complimentary airport lounge access, travel insurance, and discounts on partner merchant services. Refer to the card’s brochure or contact the bank for specific details.

7. Is there an annual fee for the KVB Platinum Credit Card?

  • The annual fee and other charges associated with the KVB Platinum Credit Card can vary. Check the terms and conditions or contact the bank to understand the applicable fees for the card.

8. How can I redeem the reward points earned on my KVB Platinum Credit Card?

  • Typically, banks provide an online portal or customer service hotline for redeeming reward points. Check the bank’s website or contact customer support for information on how to redeem your KVB Platinum Credit Card reward points.

9. What should I do if my KVB Platinum Credit Card is lost or stolen?

  • In case of loss or theft, immediately contact the bank’s customer service hotline provided on the back of the card to report the incident. The bank will guide you through the process of blocking the card and issuing a replacement.

10. How can I contact KVB for further assistance with my Platinum Credit Card?

  • You can reach Karur Vysya Bank’s customer support by calling the helpline number mentioned on the official website or on the back of your credit card. Additionally, you may visit the nearest branch for in-person assistance.