Card Member Agreement

These Terms and Conditions apply to The Karur Vysya Bank Ltd Credit Card. Please read this Agreement which is being sent to you, pursuant to the approval of your application, for The Karur Vysya Bank Ltd Credit Card. You have agreed in your Application Form, that the use of The Karur Vysya Bank Ltd Credit Card shall be governed by these Terms and Conditions, and as amended by the Bank from time to time. If the Terms and Conditions are not acceptable to you, please inform us in writing, and destroy The Karur Vysya Bank Ltd Credit Card by cutting it into four pieces across the magnetic stripe, and return the same to us within 10 calendar days of receipt of the Credit Card.

Definitions

The Karur Vysya Bank Ltd. Credit Card

Card Validity, Expiry and Renewal

Fees

Additional Card

Credit Limit

Use of Card

Cash Advances

Billing & Settlement

Finance Charges

Late Payment Fee

Other Fees / Charges

GST

Alerts

By Phone

Internet Banking

Insurance

Lost or Stolen Cards

Appointment of Third Party / Service Provider

Credit Card Reissue and Replacement

Change of Address and Telephone Number

Termination

Exclusion of Liability

Without prejudice to the foregoing, the Bank shall be under no liability whatsoever to you in respect of any loss or damage arising directly or indirectly out of:

Default

Disclosure

The Karur Vysya Bank Ltd may tie-up with credit bureaus authorized by RBI and will share credit information, including but not limited to your current balance, payment history, demographic details, etc. The credit bureaus do not provide any opinion, indication or comment, pertaining to whether credit should or should not be granted. It is in your best interest to maintain a good credit history by paying the necessary dues in a timely manner. With credit bureaus in place, responsible customers can expect faster and more competitive services at better terms from credit grantors. Default by customers would be available with credit bureaus, which in turn would impact your credit worthiness for future credit requirements. The Karur Vysya Bank Ltd will report customer information to credit bureaus on a monthly basis, or such other time period as may be agreed between the Bank and the credit bureaus. In case of any billing disputes notified to The Karur Vysya Bank Ltd, The Karur Vysya Bank Ltd will suspend reporting to credit bureaus until the dispute is resolved. The Card member acknowledges that The Karur Vysya Bank Ltd is authorized to share information relating to Card member / Add-on Card member(s), including information relating to any default committed by the Cardholder in discharge of his / her obligation, as The Karur Vysya Bank Ltd may deem appropriate and necessary, with any existing or future credit bureaus as determined by the Bank from time to time. Accordingly the Cardholder gives consent and confirms having obtained consent from Add-on Card member(s) to disclose information to such credit bureaus. Such entities may further make available processed information or data or products thereof, of banks / financial institutions and other credit grantors. Credit Bureaus include Credit Bureaus, Credit Reference Agencies, Credit Information Companies or any other entity formed and authorized by RBI for the purpose of collecting, collating and disseminating credit information pertaining to borrowers.

Assignment / Securitization

Miscellaneous

Right to set off / Banker's lien

Waiver / Acquiescence

Arbitration Clause

Prohibition Clause

Jurisdiction and Governing Law

References

Acceptance

Declaration

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