Karur Vysya Bank SBI Signature Credit Card

Renewal feeJoining fee

₹4,999 + GST

Add-on card fee

₹0

Welcome benefit

E-Gift Voucher worth ₹5,000

Reward rate

2 Reward Points per ₹100 · everyday spends2 Reward Points per ₹100 spent on other categories.

Groceries earning

5X Reward Points on all Dining, Departmental Stores and Grocery spends.

Reward earning on dining spends

5X Reward Points on all Dining.

Reward caps

Earn up to 10,000 Reward Points in a month. After reaching the capping limit, 2 Reward Points for every ₹100 spent will continue to accrue

Catalogue redemption

Redeem Reward Points against outstanding amount on your credit card or for exciting items from Rewards Catalogue.

Statement-credit redemption

Redeem Reward Points against outstanding amount on your credit card.

Point expiry

Reward Points accrued under the Rewards Program are valid for a period of 24 months.

Domestic lounge access

8 Complimentary domestic Airport Lounge visit per year.

Priority Pass

Complimentary Membership to the Priority Pass Program worth $99.

Golf

Access to more than 300 golf courses across the world 30% discount on the Green Fee.

Milestone benefits

10,000 bonus reward points on annual spends of ₹2 lakhs, ₹3 lakhs and ₹4 lakhs; more milestones, including 20,000 bonus reward points on annual spends of ₹5 lakhs

Fuel surcharge waiver

Enjoy a 1% Fuel Surcharge Waiver on every transaction between ₹500 and ₹4,000 at all petrol pumps across India.

Lost card liability

Complimentary Credit Card Fraud Liability Cover of ₹1 lakh.

Balance transfer terms

Transfer outstanding balances of other banks’ credit cards to your KVB - SBI Signature Credit Card at a lower interest rate and repay in easy EMIs.

Purchase to EMI conversion

Convert eligible purchases into easy monthly EMIs.

Forex markup

3.5% on foreign currency transactions.

Dynamic currency conversion markup

3.5%

Cash advance fee

2.5% or ₹500 whichever is higher.

Cash advance interest

3.75% p.m. (45% p.a.) for unsecured cards.

Cash withdrawal limit

Max. cash withdrawal limit is ₹15,000 per day.

Interest on unpaid balance

3.75% p.m. (45% p.a.) for unsecured cards; 2.75% p.m. (33% p.a.) for Shaurya, Defence Cards and Secured cards.

Interest-free period

20 to 50 days interest-free when you pay in full.

Late payment fee

From Nil (amount due ₹0 to ₹100) to ₹1,300 (amount due above ₹50,000)

Over-limit fee

2.5% of Overlimit Amount (subject to a minimum of ₹600)

Payment return or dishonour fee

2% of Payment amount (subject to a minimum of ₹500)

Card replacement fee

₹100 - ₹250

Cash payment / cash deposit fee

₹250

Charge for lounge visits beyond the free limit

A usage fee of only $27 +taxes will be charged, every time you visit an airport lounge

Cheque payment / dishonour fee

₹200

Education / school fee charge

1% of the transaction amount applicable on Education Payments made through third-party apps.

Foreign ATM fee

2.5% of transaction amount (subject to a minimum of ₹500)

Reward redemption fee

₹99+ applicable taxes

Wallet load charge

1% of the transaction amount. Applicable on every wallet load transaction exceeding ₹1,000.

What the card's fee or benefit year means

Annual fee at the prevailing rate will be levied upon opening of the Card Account and then annually during the month in which the Card Account was originally opened.

Fuel transaction fee

Petrol & all products/services sold at petrol pumps: 1% of transaction amount + all applicable taxes; fuel surcharge is levied by the acquiring bank providing the terminal to the merchant

Rent transaction fee

₹199+Applicable Taxes

Utility transaction fee

1% of total amount of Utility Payments, if the total amount exceeds ₹50,000 in a billing cycle.

GST note

Integrated Tax @ 18%

Grace days after the due date

Grace period of 3 days is allowed from the payment due date.

Minimum amount due

100% of GST + 100% of EMI amount + 100% of Fees/Charges +100% of finance charges+ Overlimit Amount (if any) + 2% of remaining balance outstanding