KVB SBI ELITE Credit Card
Karur Vysya Bank (in association with SBI Bank)
Last updated: Feb 03, 2026
₹4,999
₹4,999
1.99%
14 visits/yr
Contents
The **KVB SBI ELITE Credit Card** is a premium lifestyle card designed for high-spenders who enjoy travel, dining, and luxury shopping. It offers a powerful reward structure with accelerated points on everyday spending, alongside exclusive privileges like **complimentary airport lounge access**. Cardholders receive a generous welcome gift and significant milestone rewards, making the annual fee worthwhile for those who maximize its benefits. The card also features a **low foreign currency mark-up fee** for international transactions, ensuring great value on global spends. It’s an ideal choice for the elite Indian consumer seeking all-around premium benefits.
Features of KVB SBI ELITE Credit Card which makes it unique
Movie Benefit
Complimentary movie tickets every month.
Saves up to ₹6,000 annually on entertainment.
One of the best movie benefits in its segment.
Low Forex Markup
Competitive foreign currency mark-up of 1.99%.
Saves on international transactions and travel.
Lower than the industry standard for premium cards.
Rewards Structure of KVB SBI ELITE Credit Card
Dining, Departmental Stores, and Groceries
accelerated10,000 points per month (cumulative
International Spends
acceleratedEnhanced rewards for global transactions.
Base
baseAll other retail purchases (non-fuel)
Milestones of KVB SBI ELITE Credit Card
Quarterly Movie Benefit
Monthly : Free movie tickets worth up to ₹6,000 per year (Max ₹250/ticket, 2 tickets/month)
Annual Bonus Points (Tier 1)
₹3,00,000 and ₹4,00,000 : 10,000 bonus Reward Points each
Annual Bonus Points (Tier 2)
₹5,00,000 and ₹8,00,000 : 15,000 bonus Reward Points each
Fees & Charges of KVB SBI ELITE Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹4,999 |
| Annual Fee | ₹4,999 |
| Forex Markup Fee | 1.99% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹750 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 2% |
Renewal Conditions:Waived on annual spends of ₹10,00,000 or more in the preceding year.
Fee Explanation Standard bank rates apply for overdue amounts. Finance charges are 3.50% per month (42% per annum).
Detailed Explanation of KVB SBI ELITE Credit Card Fees
Annual Fee: 4999 + Taxes (yearly)
Waived on ₹10L annual spend
Cash Advance Fee: 2.5% (transaction)
Min ₹500
Forex Markup Fee: 1.99% + Taxes (transaction)
Applicable on all international spends
Lounge Access Benefits with KVB SBI ELITE Credit Card
domestic Lounges
silverVisits per year: 8
Guest access: No
Max 2 complimentary visits per quarter. Check Visa/Mastercard/Amex lounge list.
international Lounges
silverVisits per year: 6
Guest access: No
Max 2 complimentary visits per quarter. Complimentary Priority Pass membership.
Insurance Coverage with KVB SBI ELITE Credit Card
Air Accident Liability Cover
₹1,00,00,000Check latest terms as this benefit may be discontinued.
Credit Card Fraud Liability
₹1,00,000Covers 48 hours prior to reporting loss to 7 days post-reporting.
Additional Features of KVB SBI ELITE Credit Card
Contactless Payments
Tap and pay enabled (Mastercard/Visa/Amex).
Add-on Cards
Up to 3 free add-on cards.
Concierge Service
24x7 exclusive concierge service for travel, dining, and more.
Welcome Bonus with KVB SBI ELITE Credit Card
Welcome Bonus: Gift voucher worth ₹5,000
Bonus Conditions: Available from brands like Yatra, Pantaloons, Shoppers Stop, etc., upon payment of the first annual fee.
Application Process for KVB SBI ELITE Credit Card
Processing Time
5-7 business days
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply online via the KVB SBI Card portal.
Upload required KYC and income documents.
Receive verification call from the bank.
Card dispatched upon approval, typically within 5-7 business days.
Required Documents for KVB SBI ELITE Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
KVB SBI ELITE Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted globally
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for KVB SBI ELITE Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
700+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹40,000
Minimum annual income
Self-Employed Applicants
₹50,000
Minimum annual income
Who Can Apply
Important Conditions
- Customer must have a valid PAN and Aadhaar card.
How Approval Is Decided
- Minimum age of 21 years.
- Indian resident.
- Minimum monthly income of ₹40,000 (salaried) or ₹50,000 (self-employed).
- Credit score of 700 or above.
Pros of KVB SBI ELITE Credit Card
- Excellent value-back through milestone rewards and movie benefits.
- Extensive lounge access for frequent travelers.
- Accelerated rewards on key lifestyle categories (dining, grocery).
- Competitive forex fee for global use.
Cons of KVB SBI ELITE Credit Card
- High annual fee of ₹4,999 + Taxes.
- High annual spend of ₹10 Lakh required for fee waiver.
- Base reward rate is relatively low (0.5% value-back).
Frequently Asked Questions about KVB SBI ELITE Credit Card
What is the value of 1 Reward Point on the KVB SBI ELITE Credit Card?
Each **Reward Point** is valued at **₹0.25** when redeemed against the statement outstanding or for most gift vouchers from the rewards catalogue.
How many free movie tickets can I get in a year?
You can get up to **₹6,000** worth of complimentary movie tickets annually, which translates to **two free tickets per month**, with a maximum discount of ₹250 per ticket, available on BookMyShow.
What is the annual fee waiver condition for this card?
The **annual renewal fee of ₹4,999 + Taxes** is **waived** if your total retail spending in the preceding year reaches **₹10,00,000 (₹10 Lakh) or more**.
Does the card offer complimentary domestic airport lounge access?
Yes, the card offers **8 complimentary domestic airport lounge visits** per year, with a maximum of **2 visits per calendar quarter**.
What is the foreign currency mark-up fee on international transactions?
The **foreign currency mark-up fee** is a low **1.99% + Taxes** on all international transactions, which is beneficial for global travelers.
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