Karnataka Bank Platinum Sbi Card - Benefits, Charges and Eligibility

Karnataka Bank Platinum Sbi Card Overview

Karnataka Bank Platinum SBI Card is a co-branded card issued in association with State Bank of India (SBI). It has been designed keeping in mind the premium customers and offers features in line with their lifestyle and spending patterns.

Karnataka Bank Platinum Sbi Card Features

  • Issued on VISA Platform
  • All the existing e-commerce/POS, ATM Cash Withdrawal limits remain same as per the card type
  • Accepted at over 1,82,000 ATMs and more than 10,00,000 Point of Sale terminals in India
  • Accepted at more than 1.8 million Visa enabled ATMs and more than 30 million Visa enabled POS (Point Of Sale) terminals worldwide
  • Use your card for online shopping, e-payments and bill payments

Karnataka Bank Platinum Sbi Card Eligibility

All customers holding an account with Karnataka Bank are eligible for this Debit card. Existing eligible customers can also upgrade the accounts to apply for this card.

Karnataka Bank Platinum Sbi Card Fees & Charges

  • Joining Fee : Rs 2999 plus applicable taxes
  • Annual Fee (2nd year onwards) : Rs 2999 plus applicable taxes
  • Finance Charges [Monthly](For outstanding dues): 3.35 % on outstanding dues
  • Card Lost and Replaced charges: Rs 100 plus applicable taxes
  • Regeneration of ATM PIN: Rs 100 plus applicable taxes

Karnataka Bank Platinum Sbi Card Benefits

  • Free Add-on Cards: 2 add-on cards at no additional cost
  • Cashless shopping with VISA Debit Card
  • Credit Limit Up to Rs.5,00,000
  • Welcome Benefit of Rs.3,000 worth vouchers on realization of joining fee of Rs.2999 from the customer
  • Anniversary Gift on Renewal Gift Voucher worth Rs.3,000/- from any partner merchants.[annual spends > Rs.2 lakh]
  • Bonus Spend Rewards: On achieving annual spends of Rs.4 lakh & Rs.5 lakh each. Gift Voucher from any one of partners: Westside / Shoppers Stop /Hush Puppies /Bata / M&S /Yatra.com worth Rs.3,000/-
  • Reward Points: Two rewards points for Every Rs. 100 Spent[Each point will worth Rs.0.25 ]
  • Accelerated Reward Points 5X (10 points for every Rs.100 spent on Movies, Dining, Grocery & Departmental Stores)
  • Points Redeemable against Cash / Catalogue
  • Fuel Surcharge Waiver: 2.5% fuel surcharge waiver across all petrol pumps for transactions of Rs. 500 to Rs. 3000. Maximum surcharge waiver of Rs.100 per month per credit card account
  • True Lounge Access
  • Golf Course Access
  • Credit Card Fraud Cover: Fraud Protection from TATA AIG. Cover up to Rs.1 lakh
  • Will Lifestyle: get a discount of Rs 500
  • Get upto Rs. 210 cashback while paying utility bills
  • Get Rs. 150 off on first two movie tickets booked on bookmyshow.com through this debit card
  • Get upto Rs. 225 cashback on 3 rides from OLA
  • You can call bank's Emergency Helpline for Card Blocking/ assistance
  • Secure Online Shopping
  • 24/7 customer care facility
  • Highly safe and secure transactions

Karnataka Bank Platinum Sbi Card Documents Required

  • Proof of Identity : Aadhaar Card/ PAN Card/ Passport Driving License/ Voter ID Card
  • Proof of Address : Aadhaar Card/ Driving License/ Ration Card/ Voter ID Card/ Passport
  • Passport sized photographs

What is EMV-Chip Based Debit Card?

EMV stands for Europay MasterCard and Visa, who developed this technology. EMV-chip based debit cards are the debit cards which have embedded microprocessor chip that stores and protects cardholders' information/ data. It uses enhanced security features to protect the important date of the card holders and discourages card's unauthorized usage.

EMV-chip based debit card generates fresh user data every time the user transacts. Therefore, it is impossible for hackers/ fraudsters to steal the information or copy the original data from any card. Further, EMV technology uses your debit card as well as PIN to complete any transaction.

The Reserve Bank of India (RBI) has asked all banks in the country to replace magnetic-strip debit/ credit cards with EMV-chip based cards by 31 December 2018 as magnetic cards are quite vulnerable to skimming. Banks have already replaced the existing magnetic strip debit/ credit cards with latest EMV chip cards. Banks will provide it free of cost.