- Features Of KVB Corporate Credit Card
- Benefits Of KVB Corporate Credit Card
- Fees And Charges Of KVB Corporate Credit Card
- How To Apply For KVB Corporate Credit Card?
- Pros And Cons Of The KVB Corporate Credit Card
- KVB Corporate Credit Card Customer Care
- Eligibility Required For KVB Corporate Credit Card
- Other Credit Cards
The Karur Vysya Bank offers a Visa credit card called the KVB Corporate credit card. With every Rs 100 you spend with your credit card, you receive two reward points. Additionally, if you use the KVB corporate credit card, you will receive two complimentary passes to lounges in India. The KVB corporate credit card comes with a number of additional advantages and perks. Continue reading to learn more about this credit card.
Features Of KVB Corporate Credit Card
- The KVB Corporate Credit Card offers organizations a number of advantages. For every Rs. 100 spent using the KVB credit card, the company receives two reward points. Additionally, transactions totaling Rs. 3,000 or more qualify for a Rs. 500 discount.
A few service providers additionally provide cardholders with rebates or discounts. Lenovo, for instance, gives 10% off all their merchandise. You can receive 8% off and 25% off at Treebo hotels when you pay with your KVB Corporate Credit Card for reservations made on Hotels.com. - You can get 10% off when you reserve a hotel at any of the Taj Hotels, Palaces, Resorts, or Safaris. Booking with your KVB Corporate Credit Card for the first time gets you 25% savings on the RedBus mobile app and cashback up to Rs. 1,000 from Cleartrip.
- With Yatra.com, you may save up to Rs. 10,000 on airline reservations. Zoomcar provides a 20% discount on its website and mobile app. Additionally, you may save 10% on the Office 365 Business Premium bundle and receive 15% off of all Zoho.com goods.
Benefits Of KVB Corporate Credit Card
Corporate Benefits
- You can participate in cashback programmes.
- “Corporate liability” will be the accounting term for all business costs.
- Under one business account, the bank will offer 25 credit cards.
Airport And Lounge Benefits
- Two complimentary trips to domestic airport lounges.
Reward Point Benefits
- Earn two reward points for every rupee that is spent.
Fuel Benefits
- When you purchase petrol at any fuel station in India using the KVB Corporate Credit Card, you are eligible for a 2% fuel surcharge waiver.
- Your fuel transaction must be between Rs. 400 and Rs. 4,000 in order to qualify for this rebate.
- A remission of up to Rs. 300 can only be obtained per month.
KVB Corporate Credit Card Reward
- When using your KVB corporate credit card, the customer receives two reward points for every rupee that is spent.
Fees And Charges Of KVB Corporate Credit Card
| Type of Charge | Fee |
|---|---|
| Joining fee | NIL |
| Annual fee (from the second year onwards) | Rs.1,000 |
| Finance charge | Every month, 2.95%$35.40% (yearly) |
| Minimum Amount Due (MAD) | 5% of the outstanding balance, with a monthly minimum of Rs. 100. |
| Fee for credit card replacement/reissue | Rs.500 |
| Fee for an add-on card | NIL |
| Cash withdrawal fee | 2% of the withdrawal amount or Rs. 100, whichever is greater |
| Late Payment charges | A remarkable sum Late fee: Rs. 200 to Rs. 500 to Rs. 100 to Rs. 501 to Rs. 2,500 to Rs. 300, 2,501 to Rs. 10,000 to Rs. 500, Rs. 10,001 to Rs. 25,000 to Rs. 800, Rs. 25,001 and above Rs. 1,000 |
| Overlimit fee | Rs.500 |
| Payment return via cheque/Electronic Clearing System (ECS)/National Automated Clearing House (NACH) | Rs.500 |
| Cash processing fee | When using KVB branches to make cash deposits, there is a Rs. 100 fee |
| Foreign mark-up | 3.5% |
| Fee for reward points redemption | NA |
How To Apply For KVB Corporate Credit Card?
- A KVB Platinum credit card application can be submitted in a number of ways, including offline and online. Applying online, you select the KVB Platinum credit card by going to the KVB website.
- After selecting the “Apply Now” option, fill out the application, then press “Submit.”
- Customers can use offline methods to apply for the Platinum credit card. You can fill out an application in person at the KVB branch. Your registered address will be used to send the credit card.
Pros And Cons Of The KVB Corporate Credit Card
- Compared to most other business cards, the Karur Vysya Bank business Credit Card offers a greater number of perks and benefits. You’ll receive discounts or cashback on the majority of your travel-related expenses, including hotels, flights, and other associated services.
- With the KVB Corporate Credit Card, you may authorize cards for directors, employees, partners, and owners, providing your company with a clever and adaptable option for managing spending.
- With an interest-free grace period of up to 45 days, the credit card effectively expands your company’s credit limit. You might discover, nonetheless, that certain fees are comparatively expensive in contrast to other cards.
KVB Corporate Credit Card Customer Care
To contact someone about questions pertaining to the KVB Platinum credit card, call 022-24398199 or 1860-258-1916 (Domestic) / +91-44-66217600 (International). Customersupport@kvbmail.com is the email address that the customer must use. Erode Road, Karur, Tamil Nadu, 639002 is the postal address where you may find Karur Vysya Bank’s main office if you’d like further information. An alternative is to give the bank a call at 1800-419-6599.
Eligibility Required For KVB Corporate Credit Card
You will probably be required to provide confirmation from the company secretary stating that the board has approved the application and named the authorized signatories in order to apply for the Karur Vysya Bank Corporate Credit Card. Details on the revenue, costs, and cash flow of your company will also be needed. Each Corporate Credit Card application is given careful consideration on its own.
Conclusion
The KVB business credit card can be the perfect option for you if you’re searching for an entry-level card with travel rewards. You can access domestic lounges and other travel privileges with the credit card. Using this credit card does not grant you any milestone rewards or an enhanced reward rate. The number of redemption possibilities for the reward points you’ve accrued with this credit card might not be sufficient.
With the help of the Karur Vysya Bank Corporate Credit Card, your company may streamline cash management procedures and enable staff members to pay for business expenses without carrying large amounts of cash.
FAQs
Is there any fee for reward points redemption?
No, there is no fee for rewards points redemption.
What is the validity of the credit card?
The credit card is valid for 5 years.
How can I pay my credit card bill?
You can pay your credit card bill via Mobile Banking, NEFT/RTGS, Net Banking, Cash/Cheque payment at any KVB branch.
Do I need to pay my Corporate Credit Card outstanding during the moratorium period?
Yes, payment needs to be made during the moratorium period if you do not want to opt for moratorium. During the moratorium period, as per the billing cycle dates, interest charges (at standard interest rate as per the card variant in accordance with the applicable terms and conditions) will be levied.
If you do not make payment then late payment charges will not be levied during moratorium period. Interest will be levied as per standard terms and condition
What would be the interest accrued/charged on my Corporate Credit Card dues?
For all Corporate Credit Card dues (including any unpaid EMIs till the respective payment due date), standard interest rates of the card variant as per the applicable terms and conditions will be levied
Can I make payment during the period of moratorium on Corporate Credit Card?
Yes, you can make payment against the outstanding amount during moratorium period. The interest would be levied only for remaining outstanding amount (as per standard interest rate of the card variant as per the applicable terms and conditions).
What is the eligible age for customers of add on cards?
The eligible age for customers of add on cards is minimum of 18 years
Is credit score affected by delay in payment of credit card dues?
Yes. Delay in payment of credit card dues negatively impacts the credit score of the card holder.
What is the customer care number to hotlist KVB Credit cards?
The toll free customer care number to hotlist KVB Credit cards is 1860 180 1290
Does the bank charge any add-on fees on credit cards?
No, the bank does not charge any add-on fee.
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