KVB Honor Credit Card

Karur Vysya Bank provides its clients with a KVB Honor Credit Card through a partnership with SBI Cards. First-time credit card users can apply for this card, which has no joining fees. You can use this card to strengthen your credit history. You can benefit from both shopping and travel rewards when using this card. Learn more about the benefits and features of this card by reading on.

Fees And Charges Of KVB Honor Credit Card

Type of Charge	Fee
Joining fee	NIL
Annual fee	Rs.1,299
Finance charge	Every month, 3.25%(Annualized) 39%
Minimum Amount Due (MAD)	5% of the outstanding balance (minimum of Rs. 200), plus EMI, taxes, and overlimit amount*Only if you have made an EMI purchase or if there is an outstanding overlimit amount are the EMI and overlimit amounts relevant.
Fee for credit card replacement/reissue	Rs.199 The bank will immediately issue a new credit card at no additional cost when the existing one expires.
Fee to get an add-on card	NIL
Cash withdrawal fee	2% of the withdrawn amount or Rs. 100, whichever is greater
Late Payment charges	Excellent amount Late payment cost from Rs 200 to Rs 500, Rs 100, Rs 501 to Rs 2,500, Rs 300, Rs 2,501 to Rs 10,000, Rs 500, Rs 10,000 to Rs 25,000, Rs 800, Rs 25,001 and above, Rs 1,00
Overlimit fee	2.5% of the amount that exceeds the limit, subject to a minimum of Rs. 500
Payment return through Electronic Clearing System (ECS)/cheque/National Automated Clearing House (NACH)	Rs.500
Cash processing fee	(For cash deposits made through KVB branches: Rs. 100)
Foreign currency mark-up	3.5%
EMI/Balance transfer processing fee	1% of the total amount of your loan or Rs. 300 (whichever is greater)
EMI/Balance transfer foreclosure fee	3% of the outstanding principal amount
Reward points redemption fee	Per redemption request, Rs.99

Features And Benefits Of KVB Honor Credit Card

Welcome Benefits

• You receive 700 bonus reward points when you activate the KVB Honor Credit Card.

Reward Points Benefits

• When you spend Rs. 150 on the KVB Honour Credit Card, you will receive 3x the usual reward points.
• You receive 2x reward points when you use the credit card for the following things:
• A restaurant meal
• Renting vehicles from affiliated rental companies
• Purchasing film tickets
• Medical costs
• Insurance
• Ordering books
• The buying of train tickets
• You receive 4x reward points when using the card to purchase domestic and international airline tickets and hotel accommodations.
• To submit your first reward point redemption request, you must have 2,000 reward points or more.
• After that, in order to redeem your rewards, you must have a balance of at least 250 reward points.
• Once every three years, reward points that have not been used will automatically expire.
• If you fail to pay the Minimum Amount Due (MAD) for more than 60 days, the reward points you accrue on the KVB Honor Credit Card may also expire.

Rewards Redemption

• To redeem their collected reward points, users can contact 1800-419-6500/1800-419-022 and follow the IVR’s instructions.
• Additionally, you can use mobile or online banking to redeem your reward points. Once you’ve logged in, navigate to Credit Cards and choose Rewards from the menu. Select the Loyalty Points redemption option after that to redeem your reward points.
• You must get in touch with the credit card cell if you want to convert your reward points to cashback.

Airport And Lounge Benefits

• You are entitled to four free trips to domestic airport lounges.

Milestone Benefits

• The KVB Honor Credit Card’s yearly cost of Rs. 1,299 is waived for the next year if you use it to make purchases totaling more than Rs. 5 lakh in a calendar year.

Fuel Benefits

• You are exempt from paying the 1% fuel surcharge when using the KVB Honor Credit Card at a petrol station in the nation.
• Up to Rs. 200 in gasoline surcharges may be waived in a single billing cycle.
• The amount of the fuel transaction must be between Rs. 500 and Rs. 4,000 in order to qualify for the surcharge waiver benefit.

Contactless Transactions Benefits

• You can make contactless purchases with the KVB Honor Credit Card up to Rs. 5,000.

Equated Monthly Installment (EMI) Benefits

EMI interest rate	15% to 22%
Minimum amount	Rs.500
Maximum amount	Your credit card’s credit line

Balance Transfer Benefits

EMI interest rate	18%
Minimum amount	Rs.10,000
Maximum amount	Your card’s credit limit

Conclusion

The entry-level KVB Honor Credit Card offers accelerated reward points on many categories. You receive 700 bonus points when you activate this card. The greatest candidates for this credit card are frequent shoppers. You may attest that using this card will be a good place to start.

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