What is the annual fee of the Karur Vysya Bank - SBI Card (Gold)?

Rs 499 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.

What is the forex markup on the Karur Vysya Bank - SBI Card (Gold)?

3.5% of each foreign-currency transaction, before GST.

M16S / State Bank of India (SBI Card) / Karur Vysya Bank - SBI Card (Gold)

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Karur Vysya Bank - SBI Card (Gold)

State Bank of India (SBI Card) · with Karur Vysya BankLast checked 12 Oct 2026closed to new applicants

The Karur Vysya Bank - SBI Card (Gold) costs Rs 499 a year, waived if you spend Rs 1,00,000 in a year. Its base return is 0.17% (1 RP per Rs 150 on other categories). Accelerated earn: 10 RP per Rs 150 on departmental and grocery stores. The forex markup is 3.5%. Read from the issuer's own documents on 12 Oct 2026.

Annual fee: Rs 499+ GST
Fee waived at: Rs 1,00,000annual spend
Base return: 0.17%
Forex markup: 3.5%
Interest: 3.75%a month

Fees

Joining fee	Rs 499
Annual fee	Rs 499
Annual spend that waives the fee	Rs 1,00,000
Fee notes	Annual fee Rs 499 + taxes; renewal fee Rs 499 from second year, reversed on Rs 1 lakh spend in the previous year (product page).

Rewards

Welcome benefit	2,000 bonus RP on Rs 2,000 spent in the first 60 days of receiving the card
Reward currency	Reward Points
Base earn	1 RP per Rs 150 on other categories
Base return	0.17%
Point value	4 RP = Re 1 against card outstanding (Rs 0.25 per RP); rewards catalogue also available
Accelerated earn	10 RP per Rs 150 on departmental and grocery stores
Reward notes	base_return_pct = 1 RP per Rs 150 x Rs 0.25 (4 RP = Re 1, both from the product page) = 0.17%; departmental/grocery 1.67%. Points expiry not stated on the page.

Travel and perks

Forex markup	3.5%
Fuel surcharge waiver	1% on fuel txns Rs 500-3,000, cap Rs 100 per statement cycle

Charges and eligibility

Interest per month	3.75%
Late payment fee	On outstanding amount due: Nil up to Rs 100; Rs 100 (>100-500); Rs 500 (>500-1,000); Rs 750 (>1,000-10,000); Rs 950 (>10,000-25,000); Rs 1,100 (>25,000-50,000); Rs 1,300 (>50,000); plus Rs 100 if minimum due missed two cycles running (slabs as revised 1 May 2026)
Cash advance fee	2.5% of amount, min Rs 500; ATM limit Rs 15,000/day; interest from day one
Fine-print notes	Previously a fees-only entry. The page at the 'karur-vysya-bank-sbi-card-gold' address is titled 'Karur Vysya Bank - SBI Card', which confirms the earlier inferred match to the MITC name (the .html and .page addresses are identical). Reward, welcome and fuel fields read from that page (rendered 2026-10-12). Network not set: the page says both 'any outlet that accepts Visa' and 'Visa or MasterCard'. Status left closed-to-new and unverified: the page does not say the card is withdrawn and still carries a branch-apply line. No lounge benefit on the page. Issuer-wide (MITC): rent payments carry Rs 199 fee; utility bills totalling over Rs 50,000 in a cycle carry 1% fee; wallet loads over Rs 1,000 carry 1% fee; education payments via third-party apps carry 1% fee; forex markup is not reversed on refunds; fees shown exclude 18% GST.

Questions

What is the annual fee of the Karur Vysya Bank - SBI Card (Gold)?: Rs 499 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.
What is the forex markup on the Karur Vysya Bank - SBI Card (Gold)?: 3.5% of each foreign-currency transaction, before GST.