The verdict
A robust co-branded premium card for KVB customers. The ₹3,000 welcome gift completely offsets the joining fee, and 8 annual domestic airport lounge visits plus 5X dining/grocery points provide strong recurring lifestyle value.
The ₹3,000 welcome voucher neutralizes the joining fee. Spending ₹30,000/month (with ₹15,000 on dining/groceries/international) earns 21,600 points/year (~₹5,400 value). Adding 8 airport lounge visits (~₹9,600), ₹2,000 milestone voucher on ₹3L spend, and ₹1,200 fuel surcharge waiver delivers over ₹18,200 in net annual value against ₹2,999 fee.
Cardholders without a Karur Vysya Bank relationship or those who don't utilize domestic airport lounges will find SBI PRIME or SBI Cashback more versatile.
✓What works
- +2 complimentary domestic airport lounge visits per calendar quarter (8 visits per year).
- +₹3,000 welcome e-gift voucher (Yatra, Shoppers Stop, Bata, Pantaloons) on fee payment.
- +5X reward points (10 points per ₹100 spent) on dining, groceries, departmental stores, and international spends.
- +2 reward points per ₹100 on all other domestic retail purchases.
- +Spend-based milestone gift vouchers worth up to ₹5,000 annually.
- +100% annual renewal fee waiver upon spending ₹3,00,000 in a card anniversary year.
- +1% fuel surcharge waiver on transactions between ₹500 and ₹4,000.
✕What doesn't
- −₹2,999 + GST joining and annual renewal fee.
- −Accelerated 5X reward points have a monthly category cap.
- −Standard 3.50% foreign exchange markup fee.
What it earns
1 KVB SBI Reward Point = ₹0.25 for redemption against SBI reward catalogue or brand vouchers.
| Category | Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| Dining, Groceries, Departmental & International (5X) | 10 Points / ₹100 (2.5% value) | Max 5,000 bonus pts / month | 10,000 Points (~₹2,500 value) |
| All Other Domestic Retail Spends | 2 Points / ₹100 (0.50% value) | Uncapped | 2,000 Points (~₹500 value) |
| Fuel Purchases | 0% | Excluded | 0 Points |
Accelerated earn
8 Domestic Lounges + 5X Points on Dining & Groceries
Enjoy 2 lounge visits per quarter and earn 5X points on groceries, dining, and overseas shopping.
| Category / Channel | Multiplier Rate | Monthly Cap | Cap / Condition |
|---|---|---|---|
| Dining & Supermarket Groceries10 points per ₹100 at restaurants, departmental stores, and grocery outlets. | 5× · 10 Points / ₹100 | 5,000 pts / month | — |
| International Transactions10 points per ₹100 on foreign currency POS and online purchases. | 5× · 10 Points / ₹100 | 5,000 pts / month | — |
Redemption options
Redeem points directly on SBI Card Rewards portal for shopping vouchers, flight tickets, and electronics.
| Redemption Channel | Value Per Point | Minimum | Ceiling / Limits | Fee |
|---|---|---|---|---|
| Brand Shopping & Travel VouchersBEST VALUE | ₹0.25 / Reward Point | 1,000 pts | None | Nil |
| SBI Card Reward Catalogue | ₹0.20 to ₹0.25 / Reward Point | 2,000 pts | None | ₹99 + GST |
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +Complimentary domestic airport lounges (2 per quarter).
- +Dining, supermarkets, international spending, and entertainment.
- +1% fuel surcharge waiver across India.
✕Excluded Spends & Fee Traps
- −Fuel purchases (eligible for 1% surcharge waiver only).
- −ATM cash withdrawals and digital wallet loads.
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining Fee | ₹2,999 + GST (Includes ₹3,000 Welcome Voucher) |
| Annual Renewal Fee | ₹2,999 + GST (Waived on ₹3,00,000 annual spend) |
| Finance Charges (Interest Rate) | 3.75% per month (45.0% per annum) |
| Foreign Currency Markup | 3.50% + GST |
| Fuel Surcharge Waiver | 1% waiver on ₹500 to ₹4,000 transactions (Max ₹250/month) |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Age Requirement | 21 to 65 years |
| Minimum Monthly Net Income | ₹40,000+ per month (Salaried) or ₹6L+ ITR (Self-Employed) |
| Credit Score (CIBIL) | 750+ recommended for smooth approval |
Frequently Asked Questions
Does Karur Vysya Bank SBI Platinum Credit Card offer airport lounge access?
What are the MITC charges, annual fees, and interest rates for Karur Vysya Bank SBI Platinum Credit Card?
What is the reward rate and point redemption value on Karur Vysya Bank SBI Platinum Credit Card?
Which transactions are excluded from earning rewards on Karur Vysya Bank SBI Platinum Credit Card?
Who is Karur Vysya Bank SBI Platinum Credit Card best suited for in 2026?
Editorial Deep-Dive Analysis
Comprehensive Overview: Karur Vysya Bank SBI Platinum Credit Card
The Karur Vysya Bank SBI Platinum Credit Card is a co-branded banking alliance credit card, issued through a strategic partnership between SBI Card and Karur Vysya Bank (KVB) on the Visa platform. Tailored for KVB’s affluent retail banking clientele, southern regional business owners, and everyday lifestyle spenders, it features an annual membership fee of ₹2,999 + GST, which is 100% reversed upon achieving ₹3,00,000 in qualifying retail spending in the previous card anniversary year.
The card delivers a balanced suite of lifestyle, travel, and shopping privileges: cardholders receive an upfront ₹3,000 welcome e-gift voucher across premier retail brands (fully offsetting the entry fee), earn 5 reward points per ₹100 spent (1.25% valueback at 4 points = ₹1) across dining, grocery supermarkets, departmental stores, and international spends, access 8 complimentary domestic airport lounges annually, unlock milestone gift vouchers worth up to ₹4,000 per year, and enjoy a 1% fuel surcharge waiver nationwide.
Key Privileges and Practical Everyday Benefits
- ₹3,000 Welcome Gift Voucher: Receive an upfront ₹3,000 welcome e-gift voucher upon payment of the joining fee within 30 days of issuance, redeemable at leading brands including Yatra, Shoppers Stop, Pantaloons, and Bata/Hush Puppies (100% fee recovery).
- 5X Accelerated Rewards on Lifestyle Categories:
- Earn 5 reward points per ₹100 spent (1.25% valueback at 4 points = ₹1) on dining, groceries, departmental stores, and international foreign currency transactions.
- Earn 2 reward points per ₹100 spent (0.5% return) on all other general retail transactions.
- Domestic Airport Lounge Access (8 Visits): Enjoy 2 complimentary domestic airport lounge visits per calendar quarter (up to 8 visits annually) across Indian airport terminals on Visa Signature.
- Milestone Spend Gift Vouchers:
- Receive a complimentary ₹2,000 retail gift voucher upon achieving ₹2,00,000 in annual retail spending.
- Receive an additional ₹2,000 retail gift voucher upon reaching ₹3,00,000 in annual retail spending (total ₹4,000 annual milestone vouchers).
- Annual Spend Renewal Fee Waiver: The ₹2,999 annual renewal fee is completely reversed upon spending ₹3,00,000 or more in retail transactions during the preceding anniversary year.
- 1% Fuel Surcharge Waiver: Save 1% fuel surcharge on transactions between ₹500 and ₹4,000 at petrol pumps nationwide (maximum waiver of ₹250 per statement cycle).
Important Terms and Spend Conditions to Keep in Mind
- Accelerated Category Monthly Cap: The 5X reward points rate on dining, groceries, and international spends is subject to a monthly ceiling of 10,000 reward points per billing cycle.
- Redemption Processing Charges: Redeeming accumulated reward points for statement credits or catalog vouchers incurs standard processing fees of ₹99 + GST.
- No International Priority Pass: The card provides domestic lounge access only and does not include complimentary international Priority Pass lounge access.
- Standard Forex Markup: Overseas transactions incur a standard 3.5% + GST foreign currency markup fee.
- Excluded Spend Categories: Fuel purchases, wallet top-ups, rent payments, and government utility payments do not accrue reward points.
Who Benefits Most
- Karur Vysya Bank Account Holders: Primary KVB depositors and banking clients seeking integrated credit card privileges backed by SBI Card’s national merchant network.
- Suburban Lifestyle Spenders: Cardholders who regularly spend on family groceries, dining out, and departmental store apparel looking for 5X points.
- Domestic Business Travelers: Professionals who fly domestically and utilize 8 complimentary domestic airport lounges throughout the year.
- SBI Card & Karur Vysya Bank — KVB SBI Platinum Credit Card official schedule of charges and MITC
- KVB SBI Card Partnership — 2 visits/quarter domestic lounge terms, 5X categories & milestone gift vouchers
Independent Editorial & Statutory Disclaimers
Institutional Transparency & Nominative Fair Use Statement
CredSutra operates as an independent credit card discovery and consumer intelligence engine. CredSutra is NOT a bank, Non-Banking Financial Company (NBFC), Direct Selling Agent (DSA), or Lending Service Provider (LSP).