KVB SBI Signature Card
MyRupaya Ratings
Product Details
Credit Card Name :
Paytm HDFC Bank Select Business Credit Card
Bank Name :
HDFC Bank
Type :
Business Credit Card
Interest Rate :
3.75% monthly, 45.0% annually.
Eligibility :
Age: You must be minimum 21 and maximum 70 years old.
Income: You must have a stable source of income.
Credit score: A good credit score is generally required.
Pros
Welcome Benefit: Users will get voucher worth INR 5,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Westside, Shoppers Stop and Yatra.com
Reward System: Users will get 5 reward points per INR 100 spent on dining, groceries, departmental stores. Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%. 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
Milestone Benefits: 10,000 reward points on achieving annual spends of INR 2 Lakhs, 3 Lakhs and 4 Lakhs, every year. 20,000 reward points on achieving annual spends of INR5 lakh.
Free membership to the Priority Pass program worth $99.
Enjoy access to more than 300 golf courses across the world. 30% discount on the green fee.
Cons
Low general cashback rate.
No free movie tickets.
No free domestic lounge access.
Pros & Cons
Welcome Benefits
Voucher worth INR 5,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Westside, Shoppers Stop and Yatra.com
Rewards System
Users will get 5 reward points per INR 100 spent on dining, groceries, departmental stores. Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%. Earn 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
Free membership to the Priority Pass Program worth $99.
Eligibility Criteria
Age: You must be minimum 21 and maximum 70 years old.
Income: You must have a stable source of income.
Credit score: A good credit score is generally required.
Benefits
Free access to international lounge.
Cashback on gorcery and dining.
Great milestone benefits.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
There are three major ways to apply for the KVB SBI Signature Credit Card:
1. Online:
This is fast and easy method.
Visit the SBI Card website.
Choose the "Credit Cards" tab and navigate to KVB SBI Signature Credit Card.
Click on "Apply Now" button and fill out the online application form with all your details.
Upload the requisite documents, such as proof of identity, proof of address, and proof of income.
Submit the application form.
2. Offline:
This method involves visiting a Karur Vysya branch.
Ask for the KVB SBI Signature Credit Card application form.
Fill out the form with all of your details.
Attach the requisite documents.
Submit the application form to the bank.
3. By Phone:
Contact the SBI Card helpline at 1860-180-1290 or 3902-0202.
Request for an SBI Card Prime application form.
The bank will then send you the form by courier.
Fill out the form with all of your details.
Attach the requisite documents.
Send the completed application form back to the bank.
Contact Details
l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome Benefit: Users will get voucher worth INR 5,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Westside, Shoppers Stop and Yatra.com
Reward System: Users will get 5 reward points per INR 100 spent on dining, groceries, departmental stores. Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%. 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
Milestone Benefits: 10,000 reward points on achieving annual spends of INR 2 Lakhs, 3 Lakhs and 4 Lakhs, every year. 20,000 reward points on achieving annual spends of INR5 lakh.
Free membership to the Priority Pass program worth $99.
Enjoy access to more than 300 golf courses across the world. 30% discount on the green fee.
Low general cashback rate.
No free movie tickets.
No free domestic lounge access.
The card offers decent welcome benefits and milestone benefits. It also offers free access to priority pass membership and 30% discount on green fees for golf enthusiastic. However, it offers a low cashback rate, because of which it does not provide sufficient value for money.
KVB SBI Signature Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Annual Fee (one time): INR 4,999 + Taxes
Renewal Fee (per annum): INR 4,999 + Taxes.
Cash Advance fees: 2.5% or Rs. 500
Interest Rate: Up to 3.50% per month (42% per annum).
Late Payment charges: 0 to 1300
Reward Redemption Fees: INR 99/- per redemption.
Fuel Surcharge
1% Fuel surcharge waiver for each transaction between Rs.500 and Rs.4,000. Maximum Surcharge waiver of Rs.250 per statement cycle, per credit card account.
Billing Cycle
30 Days.