KVB SBI Card ELITE

• • Reward Points are valid for a period of 24 months (for all cards except AURUM). For AURUM, Reward Points never expire.
• • Redemption fee: ₹99

Up to 50,000 Bonus Reward Points worth Rs. 12,500 every year 10,000 Bonus Reward Points on annual spends of Rs. 3 lakhs and 4 lakhs 15,000 Bonus Reward Points on annual spends of Rs. 5 lakhs and 8 lakhs Spend based reversal of Annual Fee on spends of Rs. 10 lakhs

Joining fee

₹4,999 + taxes

Annual / renewal fee

₹4,999 + taxes from second year onwards

Annual fee waiver

Spend based reversal of Annual Fee on spends of ₹10 lakhs

Add-on card fee

Nil

Interest rate

Finance Charges: 3.75% p.m. (45% p.a.) for unsecured cards; 2.75% p.m. (33% p.a.) for Shaurya, Defence Cards and Secured cards. Minimum Finance Charges ₹25

Interest-free period

50 days

Cash advance fee

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

Overlimit fee

2.5% of the overlimit amount that exceeds the credit limit or ₹600, whichever is higher, will be levied. Overlimit Fee will be levied only once per billing cycle.

Payment dishonour

In case of a Payment Dishonor, cardholder will be charged payment dishonor fee of 2% of Payment Amount subject to minimum charges of ₹500

Forex markup

Lowest foreign currency mark-up charge of 1.99% on international usage

DCC markup

1.99%

Reward redemption

₹99 per redemption

Fuel surcharge

1% waiver, on ₹500–₹4000 txns, max ₹250/cycle