Experience seamless banking and rewarding lifestyle benefits in one powerful card
10X rewards on departmental & grocery spends
₹100 cashback on first ATM withdrawal
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| Benefit | Details |
|---|---|
| Accelerated Rewards | Earn 10 reward points per ₹100 spent at all departmental and grocery stores. |
| Standard Rewards | Accumulate 1 reward point per ₹100 on all other retail purchases (4 reward points = ₹1). |
| Welcome Bonus | Receive ₹100 cashback on the first ATM cash withdrawal, if done within 30 days of receiving the card. |
| Low Annual Fee | Annual fee of ₹499 + GST, making it an affordable entry-level credit card option. |
| Global Acceptance | The card is accepted at over 24 million outlets worldwide, including 3,25,000 outlets in India. |
| Flexible Payment Options | Convert purchases of ₹2,500 or more into easy monthly instalments through Flexipay facility. |
| Balance Transfer Facility | Transfer outstanding balances from other banks' credit cards at lower interest rates and repay through EMIs. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Karur Vysya Bank in partnership with SBI Card & Payment Services Ltd. |
| Bank / Non-bank | Bank-affiliated |
| Category | Shopping / Rewards |
| Type of Card | Visa / RuPay |
| Free or Paid | ₹499 Annually +GST |
The Karur Vysya Bank - SBI Card is designed for entry-level credit card users and individuals seeking to maximise rewards on everyday grocery and departmental store purchases. This card is particularly suitable for those who frequently shop at supermarkets and department stores. With accelerated reward points on these essential spending categories, a low annual fee, and the convenience of global acceptance, the card provides practical benefits for cost-conscious consumers who want to earn rewards on routine household expenses without complex eligibility requirements or high annual charges.
Global Acceptance: The card is accepted at over 24 million Visa or Mastercard outlets worldwide, including 3,25,000 outlets across India.
Add-on Cards: Cardholders can provide supplementary cards to family members (parents, spouse, children, or siblings above 18 years of age) at no additional cost.
Interest-Free Period: An interest-free period between 20 days to 50 days is provided for purchases made on the card, allowing cardholders to manage finances efficiently.
Utility Bill Payments: The Easy Bill Pay facility allows convenient settlement of electricity, mobile, telephone, and other utility bills directly through the credit card.
Balance Transfer on EMI: Outstanding balances from other banks' credit cards can be transferred to this card at lower interest rates, with repayment through easy EMIs by logging onto sbicard.com.
Flexipay Facility: Transactions can be converted into monthly instalments, providing financial flexibility for larger expenses.
Encash Facility: Cardholders can avail the Encash facility to fulfil family commitments. SBI delivers a cheque within 3 to 5 working days, and this facility comes pre-approved to all cardholders without requiring documentation.
10 Reward Points: Cardholders earn 10 reward points per ₹100 spent at: Departmental stores and Grocery stores
1 Reward Point: Accumulate 1 reward point per ₹100 on all other retail purchases.
Exclusions: Reward points are typically not earned on cash transactions, fuel purchases, insurance premiums, utility bill payments, and certain financial transactions.
Accumulated reward points can be redeemed through various channels: Statement Credit (4 reward points = ₹1), Gift Vouchers, and Merchandise. Cardholders can browse the rewards catalogue on the SBI Card website or mobile app to select preferred redemption options. The accumulated reward points provide flexibility in choosing between immediate statement credit or aspirational gifts from the extensive catalogue.
ATM Cashback: Cardholders receive ₹100 cashback on their first ATM cash withdrawal, provided it is done within 30 days of receiving the card.
Pre-Approved Benefit: The Encash facility comes pre-approved to all cardholders, allowing them to receive a draft or cheque against their credit limit at their doorstep.
Quick Processing: SBI delivers the cheque within 3 to 5 working days without requiring any documentation, providing quick access to funds for family commitments or emergencies.
Interest Rate: Cardholders can avail the Easy Money plan at an interest rate of 2.45% per month.
Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹499 + GST | One-time charge when the card is issued. |
| Annual Fee | ₹499 + GST | Charged every year from the second year onwards. |
| Add-on Card Fee | ₹0 | No charge for supplementary cards for family members. |
| Interest Rate on Credit | Usually 3.5% per month | Charged on outstanding balances from the transaction date. |
| Cash Advance Fee | 2.5% of transaction amount (minimum ₹300) | Applicable on cash withdrawals from ATMs. |
| Late Payment Charges | Varies based on outstanding amount | Ranges based on the total amount due. |
| Foreign Currency Markup | 3.5% | Applicable on all international transactions in foreign currency. |
| Criteria | Details |
|---|---|
Age | Minimum 18 years, maximum 65 years |
Residency | Resident of India |
Occupation | Salaried / Self-Employed / Business Owners |
Credit Score | Good credit score (750 or above recommended) for higher approval chances |
Job Stability | Preference given to individuals with stable employment without breaks |
Other Criteria | Valid PAN card, valid Aadhaar card or government-issued address proof |
| Document Type | Details |
|---|---|
| Identity Proof | PAN Card, Aadhaar Card, Passport, or Voter ID |
| Address Proof | Aadhaar Card, Passport, Driving Licence, Voter ID, or utility bills |
| Income Proof (Salaried) | Latest salary slips, Form 16, bank account statement for the last 6 months |
| Income Proof (Self-Employed) | Income Tax Return (ITR) for the last 2 years, balance sheet and profit & loss account for the last 2 years |
| Photographs | Recent passport-size photographs |
Click on Apply Now: Hit the 'Apply Now' button to start your application.
Fill in Your Detail: Enter your personal, contact, and financial details in the application form.
Upload Required Documents: Upload your PAN Card, Aadhaar/Address Proof, and Income Proof.
Submit Your Application: Review all the details and click Submit.
Approval & Card Delivery: Once approved, your Karur Vysya Bank - SBI Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Maximise Accelerated Rewards | Use the card at departmental and grocery stores to earn 10 reward points per ₹100, providing a 2.5% return on these essential purchases. |
Claim Welcome Cashback | Make the first ATM withdrawal within 30 days of receiving the card to receive ₹100 cashback benefit. |
Utilise Interest-Free Period | Pay the full outstanding balance before the due date to enjoy the 20-50 day interest-free period on purchases. |
Redeem Rewards Regularly | Check the rewards catalogue periodically and redeem points for statement credit (4 points = ₹1) or merchandise to maximise value. |
Use Flexipay for Large Purchases | Convert purchases above ₹2,500 into EMIs by logging onto sbicard.com for better cash flow management at competitive interest rates. |
Transfer High-Interest Balances | Use the balance transfer facility to consolidate debts from other cards at lower interest rates (0.5% for 3 months, 0.75% for 6 months). |
Avail Encash Facility | Use the pre-approved Encash facility to receive a cheque within 3-5 days for family commitments without documentation. |
Monitor Transactions via App | Download the SBI Card mobile app to track transactions, reward points, available credit limit, and payment due dates in real-time. |
Enable Transaction Alerts | Set up SMS alerts through SBI Card Alert service to receive real-time updates on transactions, credit limit, and payment reminders. |
Pay Utility Bills | Utilise the Easy Bill Pay facility to settle electricity, telephone, mobile, and other utility bills conveniently through the card. |
The Karur Vysya Bank - SBI Card is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.