KVB Honour Credit Card
Credit cards issued to Individuals for meeting their general/personal expense.
Features and Benefits
- Contactless transaction
- 3 reward points for every Rs 150 spent
- 2x rewards on Restaurants, medical, books, insurance, rail tickets, movie tickets & car rentals
- Waiver of annual fees if the spends of previous year is more than Rs 3.00 lakhs
- EMI conversion and Balance transfer
- Periodical offers from VISA
Others
| Credit card Limit | Min Rs 1.50 Lakhs; Max Rs 10.00 Lakhs | ||||||||||
| Payment of Outstanding Dues | Outstanding dues shall be remitted through Mobile Banking, Net Banking, NEFT/RTGS, Cash/Cheque payment at KVB Branches. | ||||||||||
| EMI | Minimum transaction amount of Rs 500 and maximum of total credit limit shall be converted to EMI at the rate of 15% to 22% depending on the relationship vintage of the customer. | ||||||||||
| Balance Transfer | Minimum transaction amount of Rs 10000 and maximum of total credit limit shall be applicable for balance transfer at the rate of 18% | ||||||||||
| Contactless | Contactless transactions are allowed up to the maximum limit stipulated by RBI. At present the maximum limit allowed is Rs 5000.00 | ||||||||||
| Auto Debit | Either Total Amount Due (TAD) or Minimum Amount Due (MAD) are accepted. The linked accounts will be auto debited only once on the due dates as given above. | ||||||||||
| Finance Charges | 3.25% per Month; 39% P.A | ||||||||||
| Interest Free Grace Period | Maximum of upto 45 days. All charges incurred by the use of the Card and all the charges applicable to the Card shall be paid within 15 days from the bill generation date. | ||||||||||
| Validity of the card | 5 years from the date of issuance of the card subject to fulfillment of the banks eligibility criteria. | ||||||||||
| Primary Security | Nil.(option for secured card against FD available) | ||||||||||
| Billing statements | Credit Card holders shall be billed on a monthly basis as per the billing cycle mentioned above for all the purchases and charges incurred by the use of the Card and for all charges applicable to the card account. The billing statement will be mailed on monthly basis to the registered E-Mail ID of the customer. | ||||||||||
| Minimum amount due | 5 % of Total Outstanding (Min of Rs.200/-) + all applicable taxes + EMI (In case of EMI based product) + Over limit amount (if any). The total amount mentioned above will reflect as Minimum Amount Due in the statement. | ||||||||||
| Interest free grace period | Upto 45 days | ||||||||||
| Joining fee | Free | ||||||||||
| Annual fee | Rs 999.00/Card | ||||||||||
| Card Replacement fee | Rs.199/- (Waived for Fraudulent transaction, reissue on Expiry) | ||||||||||
| Add on card fee | Free | ||||||||||
| Cash withdrawal | 2% of the cash withdrawn or Rs 300. (Whichever is higher) | ||||||||||
| Charges on revolving credit | 3.25% per Month; 39% P.A (Both Platinum and Honour) | ||||||||||
| Late Payment charges | Outstanding amount between
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| Charges on over limit | 2.5% on over limit amount, subject to minimum of Rs.500/- | ||||||||||
| Payment (cheque/ECS/NACH) return | Rs 500/- | ||||||||||
| Cash processing fee | Rs.100.00 (for all cash deposits made through KVB Branches) | ||||||||||
| Petrol Transaction Surcharge | 1% of transaction value. Waiver: For single transaction spends between Rs.500 and Rs.4000. Maximum of Rs.200/- for one billing cycle | ||||||||||
| Foreign Currency | Mark up of 3.5% will be charged on Foreign Currency transactions | ||||||||||
| Goods & Service Tax(GST) | Applicable on all fees, interest and other charges. | ||||||||||
| EMI/BT processing charges | Rs 300 or 1% of the loan amount (Whichever is higher) | ||||||||||
| EMI/BT foreclosure charges | 3% on the principle outstanding | ||||||||||
| Reward Redemption Fee | Rs.99/- per redemption request (Minimum 2000 reward points are required for first redemption, there after 250 reward points required for subsequent redemptions), Unclaimed reward points will be lapsed once in 3 years or if Minimum Amount Due (MAD) is not paid more than 60 days |
