Karur Vysya Bank SBI Platinum Credit Card

SBI Card · Open to apply

A Karur Vysya Bank (KVB) co-brand SBI Platinum card: 2 points per ₹100 everywhere except fuel, 10 points per ₹100 on dining, departmental stores and international spends up to 7,500 points a month, a ₹3,000 welcome voucher, two domestic lounge visits a quarter, a Priority Pass membership (every visit is charged) and a 1% fuel surcharge waiver. Points are worth ₹0.25 each.

Annual fee
₹2,999 + GST a year
Joining fee
₹2,999 + GST
Base rate
2 points per ₹100 on all other retail spends: 2 SBI Card Reward Points per ₹100 (about 0.5% at cash value)
Lounges
Domestic: 2 visits a calendar quarter
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • 10 points per ₹100 on dining and departmental stores: 10 SBI Card Reward Points per ₹100 (about 2.5% at cash value)
  • 10 points per ₹100 on international spends: 10 SBI Card Reward Points per ₹100 (about 2.5% 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

  • Accelerated rate and categories: The product page says "5X Reward Points on Dining, Departmental Stores, and International spends" with the other spends at 2 points per ₹100, and the card's T&C booklet (11.3(a)) says "a total of 10 Reward Points for every Rs.100" on dining, departmental stores and international spends; 5X of the base 2 points is 10 per ₹100, so the two agree. Shop & Smile Table No. 2 gives the own-brand SBI Platinum Card "5X Reward Points for every Rs. 125 spent (Dining, Departmental Stores)" with a 7,500 monthly cap, no international spends, and says (III(c)) that the capping applies to the banking co-brand variants; Table No. 1's base rate (2 points per ₹100) is stated to apply to them as well, but nothing there extends Table 2's rate or ₹125 unit to them. We use the card's own booklet and page for the rate (10 per ₹100, international included) and the 7,500 cap. If the Shop & Smile table governed, the accelerated rate would be 5 per ₹125 (4 per ₹100) on dining and departmental stores only.
  • Milestone, renewal and welcome vouchers: The product page lists a ₹3,000 e-gift voucher "on annual spends of Rs. 4 lakhs and Rs. 5 lakhs" (milestone benefits) and, under other features, "Rs. 3,000 vouchers on Rs. 2 lakhs spent in the previous year" (renewal gift). The T&C booklet has neither: it describes only the welcome gift, to be chosen "after paying the membership fee for the eligible year" (an eligible year is the year in which the fee is paid), which could be read as recurring with each year's fee but which the page presents as the welcome gift only. One ₹3,000 voucher at ₹4 lakh is entered from the page; the renewal voucher is not (see not modelled); whether the ₹5 lakh figure is a second voucher, and whether these are in addition to each other, is not stated.

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 10X rate.
  • The product page's renewal gift, "Rs. 3,000 vouchers on Rs. 2 lakhs spent in the previous year", is a voucher given at renewal for the year's spend; the calculator has no renewal credit that depends on spend, and the T&C booklet does not mention it, so it is not entered (it would add up to ₹3,000 a year from the second year to someone spending ₹2 lakh or more).
  • The milestone "Rs. 3000 e-Gift Voucher on annual spends of Rs. 4 lakhs and Rs. 5 lakhs" is entered as one voucher at ₹4 lakh; a second ₹3,000 voucher at ₹5 lakh, if the line means two, would add value for heavy spenders.
  • Accelerated points do not apply at Metro Cash & Carry, Flipkart Wholesale and Walmart on departmental stores and groceries (booklet 11.1(b)); the calculator has no merchants for them, so that spend is not carved out.

Sources

Compare this card · Find the best card for your spending