Does the Karur Vysya Bank SBI Platinum Credit Card give airport lounge access?

Yes. In India: 2 per quarter. Outside India: none listed. Conditions: Priority Pass for primary cardholder only, membership valid 2 years. Listed in the issuer's Set B revised domestic lounge list from 10 Jan 2026.

What is the forex markup on the Karur Vysya Bank SBI Platinum Credit Card?

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

M16S / State Bank of India (SBI Card) / Karur Vysya Bank SBI Platinum Credit Card

premium · cobrand, rewards

Karur Vysya Bank SBI Platinum Credit Card

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

The Karur Vysya Bank SBI Platinum Credit Card costs Rs 2,999 a year. Its base return is 0.5% (2 RP per Rs 100 on other categories). Accelerated earn: 5X Reward Points on dining, departmental stores and international spends. The forex markup is 3.5%. Lounge visits in India: 2 per quarter. Read from the issuer's own documents on 12 Oct 2026.

Annual fee: Rs 2,999+ GST
Fee waived at: —
Base return: 0.5%
Forex markup: 3.5%
Interest: 3.75%a month

Fees

Joining fee	Rs 2,999
Annual fee	Rs 2,999
Fee notes	Annual fee Rs 2,999 + taxes; renewal fee Rs 2,999 from second year (product page). No spend-based waiver stated on the page or in the MITC.

Rewards

Welcome benefit	Welcome e-gift voucher worth Rs 3,000 (Yatra, Hush Puppies/Bata, Westside, Aditya Birla Fashion, Shoppers Stop); link sent within 21 days of annual-fee realisation
Reward currency	Reward Points
Base earn	2 RP per Rs 100 on other categories
Base return	0.5%
Point value	4 RP = Re 1 against card outstanding (Rs 0.25 per RP); rewards catalogue also available
Accelerated earn	5X Reward Points on dining, departmental stores and international spends
Caps	Up to 7,500 RP per month; after the cap, 2 RP per Rs 100 continues
Points expiry	24 months
Milestone benefits	Rs 3,000 e-gift voucher at Rs 4 lakh and again at Rs 5 lakh annual spend; renewal gift: Rs 3,000 voucher if Rs 2 lakh was spent in the previous year
Reward notes	base_return_pct = 2 RP per Rs 100 x Rs 0.25 (4 RP = Re 1, both from the product page) = 0.5%; 5X categories 2.5% up to the 7,500 RP monthly cap. Reward redemption fee Rs 99 + GST on physical products, statement credit and physical vouchers (MITC). From 1 Apr 2026 statement-credit redemption is capped at 60,000 points a month and allowed only in multiples of 4,000 points (issuer notice). Points on Flexipay/merchant EMI are reversed; wallet loads (MCC 6540/6541) earn nothing; points on spends that got an instant discount/cashback offer are forfeited.

Travel and perks

Domestic lounge	2 per quarter
International lounge	No complimentary visits; Priority Pass membership worth USD 99 with USD 27 + taxes charged per lounge visit
Lounge conditions	Priority Pass for primary cardholder only, membership valid 2 years. Listed in the issuer's Set B revised domestic lounge list from 10 Jan 2026.
Forex markup	3.5%
Fuel surcharge waiver	1% on fuel txns Rs 500-4,000, cap Rs 250 per statement cycle
Other freebies	Golf: access to 300+ courses, 30% off green fee; Rs 1 lakh fraud liability cover. Rs 50 lakh air accident cover withdrawn 11 Aug 2025 (issuer notice).

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	Reward, lounge, welcome and fuel fields now read from the issuer's product page (rendered 2026-10-12; the .html and .page addresses are identical). Network taken from the page's 'over 2 million Visa outlets / Visa ATMs' acceptance text. Status left closed-to-new and unverified: the page does not say the card is withdrawn and still carries a 'visit the nearest Karur Vysya Bank Branch' apply line. Page vs earlier value (page used): welcome gift, accelerated categories, fuel waiver and point value were null (BankBazaar listing); all are stated on the page; old international lounge text said 'visit count not stated'; page shows membership only with USD 27 per visit. 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 Platinum Credit Card?: Rs 2,999 a year, before GST.
Does the Karur Vysya Bank SBI Platinum Credit Card give airport lounge access?: Yes. In India: 2 per quarter. Outside India: none listed. Conditions: Priority Pass for primary cardholder only, membership valid 2 years. Listed in the issuer's Set B revised domestic lounge list from 10 Jan 2026.
What is the forex markup on the Karur Vysya Bank SBI Platinum Credit Card?: 3.5% of each foreign-currency transaction, before GST.