Interested in financial products
Processing

Karur Vysya Bank Credit Card Reward Points

Each bank has their own set of features and benefits for credit cards to attract a customer’s attention. One of the best features to be found in a credit card is the credit card reward points. Using your credit card might not just help you purchase things, but also get you an extra benefit of earning reward points. Reward points basically gets accumulated in your account for each time you spend using your credit card.

About Karur Vysya Bank Credit Cards

Karur Vysya Bank gets you a great experience of using your credit reward points for exciting products. Karur Vysya Bank has ties with State Bank of India, wherein their association lies with launching a co-branded credit card named as KVB SBI Credit Card. You can select your choices from Karur Vysya SBI Gold Card, Karur Vysya SBI Platinum Card, Karur Vysya SBI Signature Card.

Karur Vysya SBI Gold Card Reward Points

Karur Vysya SBI Gold Card enables you to save up and makes your life easier. On top of that, it has a Shop and Smile program that rewards you with reward points whenever you shop.

  1. Reward points can be redeemed for exciting gifts from the reward catalogue. The reward points can also be used to pay your outstanding balance.
  2. For every Rs. 100 spent using your Karur Vysya SBI Gold Card, you earn 1 reward point. (4 reward points= Rs. 1)
  3. 2.5% of value back (for every Rs. 100 spent, 10 reward points can be earned) every time you make a purchase at a grocery or a departmental store, using your Karur Vysya SBI Gold Card. Fuel, cash and balance transfer transactions are not included in the reward points program.
  4. There are two categories in which the reward points conversion can be made:

    1. Normal Category Spends – For instance if you are purchasing for Rs. 60,000, you get 600 reward points.

  5. Reward Points = (60,000/100) =600, you need to spend Rs. 100 to get 1 reward point

    2. Accelerated Category Spends – Purchasing for Rs. 60,000, you get 6000 reward points.

  6. Reward Points= 10*(60,000/100) =6000, you need to spend Rs. 100 to get 1 reward point and here it gets 10 times its value.
  7. An extravaganza offer is given to earn 2000 reward points on spending Rs. 2000 within 60 days of receiving the card.
  8. A separate Reward Redemption fee is to be made which is applicable on every redemption request and the same may be communicated to the cardholder.
  9. While dining or going for a movie or even shopping at the grocery store you get 10X reward points per Rs. 100, each reward point equals to Rs. 0.25.

Features of Karur Vysya SBI Gold Card

  1. A cashback of Rs. 100, on first ATM cash withdrawal within 30 days of receiving your Karur Vysya SBI Gold Card.
  2. There is a 1% fuel surcharge waiver across all petrol pumps in India that make transactions of Rs. 500 to Rs. 3,000.
  3. You can get add-on cards for your parents, spouse or siblings who are above the age of 18.
  4. You can withdraw cash from over 1 million MasterCard or Visa ATMs across the world.
  5. There is an Easy Bill Pay facility provided by Karur Vysya SBI Gold Card that helps you pay your electricity, telephone, mobile and other utility bills.
  6. The annual fee and renewal fee are each Rs. 499.
  7. There is also an option of transferring your outstanding balances from other bank’s credit cards to Karur Vysya SBI Gold Card and get lower rates of interest.

Eligibility to Apply for Karur Vysya SBI Gold Card

You should have an annual income of Rs. 4,00,000 or more.

Karur Vysya SBI Platinum Card Reward Points

Karur Vysya SBI Platinum Card is targeted towards customers who have an affinity towards luxurious lifestyles.

  1. While dining, making a departmental store purchases or making international spends can earn you up to 5X reward points.
  2. For every Rs. 100 spent using your Karur Vysya SBI Platinum Card, you earn 2 reward points.
  3. You can also use your reward points to pay your Karur Vysya SBI Platinum Card outstanding amount.
  4. A maximum of 40,000 cash points can be earned in 5X category and reward points are not applicable for fuel transactions.
  5. There are Bonus Spend Rewards on achieving annual spends of Rs. 4,00,000 and Rs. 5,00,000.
  6. By achieving annual spends of 4 lakhs and 5 lakhs, you can get e-Gift Vouchers worth Rs. 3000, from anyone of the following brands

    1. BATA/Hush Puppies

    2. Marks and Spencers

    3. Shoppers Stop

    4. Westside

    5. Yatra.com

Features of Karur Vysya SBI Platinum Card

  1. There is a 1% fuel surcharge waiver across all petrol pumps in India that make transactions of Rs. 500 to Rs. 4,000.
  2. A complimentary membership to priority pass program worth $99 is given to Karur Vysya SBI Platinum Cardholders.
  3. Complimentary lounge access to visa lounges in India and abroad is also a huge benefit.
  4. You can withdraw cash from over 1 million Visa ATMs across the world.
  5. There is an Easy Bill Pay facility provided by Karur Vysya SBI Platinum Card that helps you pay your electricity, telephone, mobile and other utility bills.
  6. There is also an option of transferring your outstanding balances from other bank’s credit cards to Karur Vysya SBI Platinum Card and get lower rates of interest.
  7. The annual fee and renewal fee are each Rs. 2,999.

Eligibility to Apply for Karur Vysya SBI Platinum Card

You should have an annual income of Rs. 8,00,000 or more.

Karur Vysya SBI Signature Card Reward Points

Karur Vysya SBI Signature Card is crafted for people who are high spenders and have been living a luxurious life.

  1. While dining, making a departmental store purchases or making international spends can earn you up to 5X reward points.
  2. For every Rs. 100 spent using your Karur Vysya SBI Signature Card, you earn 2 reward points.
  3. Outstanding balance can be adjusted against the reward points earned (4 reward points= Rs. 1)
  4. Milestone rewards

    1. You can earn up to 50,000 Bonus Reward Points worth Rs. 12,500 per year.

    2. On achieving annual spends of Rs. 3,00,00 and Rs. 4,00,000, you can earn 10,000 bonus reward points.

    3. Earn up to 15,000 bonus Reward Points on achieving annual spends of Rs.5,00,000 and Rs. 8,00,000.

Annual SpendsBonus Reward Points
4 Lakhs10,000
3 Lakhs10,000
5 Lakhs15,000
8 Lakhs15,000

Features of Karur Vysya SBI Signature Card

  1. There is a 1% fuel surcharge waiver across all petrol pumps in India that make transactions of Rs. 500 to Rs. 4,000.
  2. A complimentary membership to priority pass program worth $99 is given to Karur Vysya SBI Signature Cardholders.
  3. Complimentary lounge access to visa lounges in India and abroad is also a huge benefit.
  4. You can withdraw cash from over 1 million Visa ATMs across the world.
  5. There is an Easy Bill Pay facility provided by Karur Vysya SBI Signature Card that helps you pay your electricity, telephone, mobile and other utility bills.
  6. There is also an option of transferring your outstanding balances from other bank’s credit cards to Karur Vysya SBI Signature Card and get lower rates of interests.
  7. The annual fee and renewal fee are each Rs. 4,999.
  8. You can get Rs. 500 off on BookMyShow once every month for at least 2 tickets per booking with a maximum discount of Rs. 250 per ticket. A convenience fee would be charged.

Eligibility to Apply for Karur Vysya SBI Platinum Card

You should have an annual income of Rs. 8,00,000 or more.

Shop and Smile Reward Program by State Bank of India

The Shop and Smile Reward Program aims at helping customers to make the most out of spending each and every rupee by giving them reward points. You can redeem your reward points for luxurious lifestyle products, attractive accessories, electrical appliances and gift vouchers.

How to Redeem your Reward Points?

  1. You can visit SBI Bank’s official website to redeem your reward points for selected items from Shop and Smile Rewards catalogue or ping the SBI Card helpline regarding any queries.
  2. You could also log in to the SBI Card App and select ‘Rewards’ from the main menu to redeem your reward points for products or vouchers available in their reward catalogue.
  3. The Karur Vysya SBI Card should not be overdue, suspended, blocked, cancelled or terminated at the time of redemption.
  4. The reward points acquired can only be redeemed in the multiple of 2,000 points.
  5. Reward points cannot be exchanged for money or any other cash advances.
  6. The gift voucher or gift will be delivered to you within 15 business days from redemption request.
  7. You can also get 10X reward points on online spends with exclusive partners and 5X reward points on all other online spends.

How to view the reward catalogue?

Step 1. To view the catalogue, go to the SBI’s official website. On the rewards page, you will be asked to select the card you’re using.

Step 2. Select the range between which you would want to redeem your points for.

Step 3. Select your city and the category of items you want to browse through.

Step 4. You also have the option of sorting the items in ascending order or descending order of reward points and there are over 400 items.

Step 5. So, if you order them in ascending order, you would start with vouchers from Pizza Hut, Archies and so on.

Step 6. If you go for a higher number of reward point count, you’ll be able to view items like home speakers and GPS smart watches.

There are many categories from which you can select an item from:

  1. Accessories
  2. Apparel and Superstore
  3. Books and Periodicals
  4. Electronics
  5. Elite Book of Rewards
  6. Entertainment and Dining
  7. e – Voucher
  8. Festive Catalogue
  9. Health and Fitness
  10. Homeware
  11. Kids Zone
  12. Lifestyle
  13. Luxury
  14. Membership
  15. Preferred Partner
  16. Travel and Holiday

You can get E-vouchers from

  1. Pizza Hut
  2. Archies
  3. Pizza Hut
  4. Yatra.com
  5. Costa Coffee
  6. Chaayos
  7. KFC
  8. PVR Cinemas
  9. BookMyShow and many more!

FAQs: Dhanlaxmi Bank Credit Card Reward Points

1. Where can I find the reward catalogue for Karur Vysya SBI Gold Card?

The reward catalogue can be reviewed on the SBI Bank’s official website on the rewards page. The Karur Vysya SBI Gold Cardholders can browse through a vast number of items to pick from and according to the number of reward points the customer has, he or she can redeem their reward points.

2. Does any Karur Vysya SBI Card provide Milestone rewards?

Karur Vysya SBI Signature Card provides milestone rewards where you can earn up to 50,000 Bonus Reward Points worth Rs. 12,500 per year. On achieving annual spends of Rs. 3,00,000 and Rs. 4,00,000, you can earn 10,000 bonus reward points. Earn up to 15,000 bonus Reward Points on achieving annual spends of Rs. 5,00,000 and Rs. 8,00,000.

3. Are there any eligibility criteria to apply for Karur Vysya SBI Cards?

Karur Vysya SBI Gold Card needs the cardholder to have an annual income of Rs. 4,00,000, whereas Karur Vysya SBI Platinum Cardholders and Karur Vysya SBI Signature card holders would need an annual income of Rs. 8,00,000 or more.

4. Can we only redeem our reward points for gift items?

E - vouchers are available from the merchandise that is listed in the rewards catalogue. Reward points can also be used to pay your outstanding balance.

5. How long will it take for the delivery of my gift voucher or gift?

It takes around 15 business days for your gift or gift voucher to be delivered to you.

×Thank you! Your comment will be reviewed and posted shortly.

Write a review

CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.