Karur Vysya Bank - SBI Card
SBI Card · Open to apply
A Karur Vysya Bank co-brand entry card with a ₹499 fee: 1 point per ₹150, 10 points per ₹150 on dining, departmental stores and groceries up to 5,000 points a month, 2,000 welcome points on ₹2,000 spent in 60 days, a fee reversal on ₹1 lakh of annual spends and a 1% fuel surcharge waiver. Points are worth ₹0.25 each.
- Annual fee
- ₹499 + GST a year
- Joining fee
- ₹499 + GST
- Fee waiver
- Annual fee waived on ₹1,00,000 spend per card year
- Base rate
- 1 point per ₹150 on all other retail spends: 1 SBI Card Reward Points per ₹150 (about 0.17% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 10 points per ₹150 on dining, departmental stores and groceries: 10 SBI Card Reward Points per ₹150 (about 1.67% at cash value)
Earns nothing on
- No points at petrol pumps and service stations (MCCs 5172, 5541, 5542, 5983)
- No points on wallet loads, prepaid card purchases and account funding (MCCs 6540, 6541)
- No points on cash advances and ATM withdrawals
- No points on EMI conversions (Flexipay, Merchant EMI, Convert2EMI)
- No points on rent payments (MCC 6513)
- No points on government-related transactions (MCCs 9399, 9311)
- No points on digital gaming platforms (MCCs 5816, 7993, 7994)
Where the sources disagree
- Dining as an accelerated category: The product page and the booklet's MCC list name departmental stores and groceries; the booklet's points clause (11.3(a)) says dining, departmental stores and groceries. We follow the clause and include dining.
- Welcome offer terms: The page calls the welcome points Bonus Reward Points; the linked terms call them Bonus Cash Points and refer to SBI Gold & More cards with a ₹499 year-1 fee. We read the offer as this card's, as the page links it.
Terms the calculator does not value
- The booklet's departmental stores MCCs also include 5309, 5310, 5422 and 5451; the calculator's departmental stores category covers 5311 only, so spend coded to those other MCCs is not given the accelerated rate unless it also codes as groceries.
- Accelerated points at Metro Cash & Carry, Flipkart Wholesale and Walmart are excluded under the Shop & Smile T&C for the cards in its Table No. 2; this card's booklet does not mention it.
Sources
- Karur Vysya Bank - SBI Card product-page data file (fees, rates, caps, vouchers, lounges, FAQs) (Product page, the bank's own, read 6 Nov 2026)
- Karur Vysya Bank SBI Card Terms & Conditions booklet (PDF created 2 Sep 2026, code SI05112024) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card Shop & Smile rewards programme T&C (accrual and capping by card, exclusions, redemption; PDF modified 23 Sep 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card common MITC (fee table of the banking-partnership cards, foreign currency fee; PDF modified 30 Oct 2026) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- SBI Card Key Fact Statement (PDF modified 14 Oct 2026) (Schedule of charges, the bank's own, read 6 Nov 2026)
- SBI Card Important Notices page (notices of 22 Feb 2021, 1 Mar 2022, 11 Aug 2025 air accident cover and 29 Mar 2026 statement-credit redemption) (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card list of credit cards where reward points do not apply on rent payments from 1 Apr 2024 (linked from the notices page) (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card list of credit cards where reward points do not apply on government-related transactions from 1 Jun 2024 (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card list of credit cards where reward points do not apply on digital gaming platforms from 1 Dec 2024 (Bank notice, the bank's own, read 6 Nov 2026)
- SBI Card welcome offer terms linked from the page (2,000 bonus points on ₹2,000 spent in 60 days) (Reward terms, the bank's own, read 6 Nov 2026)