Lakshmi Vilas Bank Credit Cards

 Top 2 Lakshmi Vilas Bank Credit Cards

Name	Annual Fee	Category	Minimum Annual Income
LVB Platinum SBI Credit Card	Rs. 2999	Lifestyle	N/A
LVB SimplySave SBI Credit card	Rs. 499	Everyday Spends and Rewards	N/A

Features and Benefits of Lakshmi Vilas Bank Credit Cards

Welcome offers	If you spend more than Rs. 2000 within the first 60 days of using your LVB card, you will get bonus points as a welcome deal.
Rewards Program	Customers will receive one loyalty point for every Rs.100 spent under the Shop and Smile Rewards Program.
Global Acceptance	Lakshmi Vilas Bank credit cards are accepted at over 2 million Visa merchant outlets worldwide, including over 2,85,000 in India.
Value Back Offers	Customers can also get cashback on payments made with their Lakshmi Vilas Bank credit cards at supermarkets and department stores.
Card Protection Plan	Users of Lakshmi Vilas Bank credit cards will also get insurance against fraud, card loss, and stealing, as well as emergency travel and hotel assistance.
Payment options	Lakshmi Vilas Bank credit card can also pay their outstanding bills through either online payment or through offline payments.
Lounge Access	LVB credit cardholders can join the Priority Pass scheme for free and gain access to over 600 airport lounges throughout India.
Cash Withdrawals	Credit cardholders of Lakshmi Vilas Bank will withdraw cash from one million ATMs worldwide.
Fuel Surcharge Waiver	Credit cardholders of Lakshmi Vilas Bank will get a 2.5 per cent surcharge waiver on fuel purchases at any petrol bunk in India.

Types of Credit Cards offered by Lakshmi Vilas Bank

• LVB Platinum SBI Card: The LVB Platinum SBI card is a luxury credit card that comes with a slew of perks, including free loyalty points, 5X rewards, surcharge exemptions, welcome deals, and renewal gifts, and is approved all over the world.
• LVB SimplySAVE SBI Card: As the name implies, LVB Simply SAVE SBI Cardholders will save a lot of money when they use it. Value back, cash points, welcome deals, surcharge exemptions, add-on passes, and more are all included with the LVB SimplySAVE SBI Wallet.

Lakshmi Vilas Bank Credit Card Fees and Charges

Charge	LVB Platinum SBI Card	LVB SimplySAVE SBI Card
Annual Fees	Rs. 2,999	Rs. 499
Joining Fees	Rs. 2,999	Rs. 499
Add On Cards	Yes	Yes
Add On Cards Fees	Nil	Nil
Rate of Interest Per Month	3.35%	3.35%

Lakshmi Vilas Bank Credit Card Rewards Programme

Category	All Lakshmi Vilas Bank Credit Cards
Reward Points	All Categories – 1 Reward Point Can Be Got For Every Rs. 100 Spent.
Bonus Reward Points	Lakshmi Vilas Bank Premium Payments / International Purchases – 2 Reward Points Can Be Got For Every Rs. 100 Spent.

Why choose Lakshmi Vilas Bank Credit Cards?

Lakshmi Vilas Bank, one of India’s most well-known banks, provides a diverse range of credit products to its customers. Lakshmi Vilas Bank is a financial market player with favourable interest rates on loans and credit cards. Customers can take advantage of a variety of benefits when they open an account with Lakshmi Vilas Bank. Different types of credit cards are available to meet individual requirements.

How to check Lakshmi Vilas Bank Credit Card Status?

Following your credit card application, you can receive an SMS from the bank confirming your credit card application and including the reference number and application number. 

Lakshmi Vilas Bank Credit Card Customer Care

In India, you can dial the toll-free number 1800-425-2233 from your cell phone or landline. You may also write to the Lakshmi Vilas Bank zonal offices with your credit card questions.

Dialabank: 9878981166

Lakshmi Vilas Bank Credit Cards Categories

The credit card categories provided by Lakshmi Vilas Bank are as follows.

Lifestyle Credit Cards From Lakshmi Vilas Bank

Experience a better lifestyle by using this credit card. This credit card offers the best lifestyle facilities with benefits like rewards points.

Apply For LVB Platinum SBI Credit Card

Rewards Credit Cards From Lakshmi Vilas Bank

Credit cards that come under this category will provide you with some exciting rewards on every payment you make by using this card. Lakshmi Vilas Bank also provides such types of cards with benefits like value back, bonus rewards points, welcome offers, etc.

Apply For LVB SimplySave SBI Credit Card

Lakshmi Vilas Bank Credit Cards Eligibility Criteria

Eligibility Criteria	Value
Minimum Age	21 Years
Maximum Age	65 Years
Income Requirements (For Salaried Individuals)	Will be shared at the time of application
Income Requirements (For Self-Employed)	Will be shared at the time of application
CIBIL Score	A decent CIBIL or Credit Score is required

Lakshmi Vilas Bank Credit Cards Documents Required

Address Proof	Identity Proof	Income Proof
Aadhaar card Driver’s License Passport Ration Card job card issued by NREGA	PAN Card Aadhaar card Driver’s License Passport Voter’s ID	Latest one or 2 salary slips (not more than 3 months old)  Form 16 Last 3 months’ bank statement Audited financials for the last two years (for self-employed)

How to apply for Lakshmi Vilas Bank Credit Cards

You can easily apply for Lakshmi Vilas Bank Credit Cards online through the Dialabank website. You just need to follow the simple steps listed below.

1.  First, You need to visit the Dialabank Website.
2. Fill the credit card application form.
3. Fill in all the required details like monthly income, residential address, your contact no., etc. appropriately.
4. After that, you have to select your preferred Lakshmi Vilas Bank Credit Card and check your eligibility.
5. If you are eligible then complete the online application process.

Reward Points Offered on Lakshmi Vilas Bank Credit Cards

Name of the card	Rewards Points offer on a card
LVB SimplySave SBI Credit card	You will receive 2000 Reward Points if you make a purchase of Rs.2000 by using Lakshmi Vilas Bank SBI SimplySave credit card within the first 2 months. On every purchase of Rs.100, you will get 1 reward point.
LVB Platinum SBI Credit Card	You will receive 2 Rewards points on every purchase of Rs.100  You will receive 5 Rewards points on dining, departmental, and international spending. You will also get bonus rewards on the annual spending of Rs.4 Lakhs and Rs.5 Lakhs. When you become the holder of the Lakshmi Vilas Bank Platinum SBI credit card, you will receive a welcome e-Gift voucher worth Rs.5000.

Detailed Features and Benefits 

LVB SBI Platinum Credit Card
Key Highlights	Experience best lifestyle privileges, Get 5 times Reward points
Joining Fee	Rs. 2999
Renewal Fee	Rs. 2999 p.a.
Joining Bonus	N/A
Suitable For	Lifestyle
Features and Benefits	You can withdraw cash through ATMs using this card across the globe. You can repay the amount in flexible instalments. This card is accepted worldwide.

 

LVB SimplySave SBI Credit Card
Key Highlights	Best for everyday spend, Attractive Rewards are available
	Rs.499
Renewal Fee	Rs.499 p.a
Joining Bonus	N/A
Suitable For	Shopping, Everyday Spends
Features and Benefits	This card is accepted worldwide. You can repay the amount in flexible instalments. You can withdraw cash through ATM using this card across the globe. This card comes with benefits like bonus rewards points, value back benefits, and welcome offers.

FAQs for the Lakshmi Vilas Bank  Credit Cards

✅ Is there a petrol surcharge waiver cap on Lakshmi Vilas Bank credit cards?

Yes, the Lakshmi Vilas Bank Credit Cards have an Rs. 100 waiver limit. This is only valid for a single credit card account’s statement time.

✅ Customers of Lakshmi Vilas Bank credit cards must pay a fee to receive statements?

Yes, there is a fee of Rs. 100 per statement for retrieval of statements longer than two months.

✅ Is there a time limit on the validity of bonus points earned on a Lakshmi Vilas Bank credit card?

Yes, the bonus points earned with a Lakshmi Vilas Bank credit card are valid for 24 months. Accumulated points will expire within this time limit and will not be redeemable. Balance transfer on EMI is available to Lakshmi Vilas Bank add-on cardholders. The balance transfer on the EMI facility is not available to Lakshmi Vilas Bank add-on cardholders. The primary LVB cardholders have access to this.

✅ Are there any fees or costs associated with Lakshmi Vilas Bank add-on credit cards?

No, Lakshmi Vilas Bank add-on credit cards are free to use for the rest of your life.

Lakshmi Vilas Bank News

The Reserve Bank of India has removed Lakshmi Vilas Bank from the second schedule of the RBI Act.

After merging with DBS Bank India Ltd (DBIL) last year, the Reserve Bank of India (RBI) announced on Thursday that it has removed Lakshmi Vilas Bank (LVB) from the Second Schedule of the RBI Act. “We advise that the “Lakshmi Vilas Bank Ltd” has been removed from the Second Schedule to the Reserve Bank of India Act, 1934, with effect from November 27, 2020, vide Notification DOR.PSBD.No.1849/16.01.067/2020-21 dated December 17, 2020, which is published in the Gazette of India (Part III – Section 4) dated January 16 – January 22, 2021,” RBI said in a statement on Thursday.

Lakshmi Vilas Bank imposes restrictions: Here’s what customers can do right away.

The Reserve Bank of India (RBI) placed a month-long moratorium on Lakshmi Vilas Bank (LVB), a small private sector bank, on November 17. You cannot withdraw more than Rs 25,000 if you are an LVB customer until December 16, 2020. This covers your fixed deposits, as well as your savings, current, and other bank accounts. If you have more than one savings account with the bank, the moratorium would be applied to all of them at the same time. In the event of an emergency, there is some relief.

Lakshmi Vilas Bank will be known as DBS Bank India.

The government approved a scheme for amalgamation proposed by the Reserve Bank of India (RBI) for Lakshmi Vilas Bank on Wednesday, and the lender would resume regular operations on Friday as DBS Bank India Ltd. The RBI announced that the Lakshmi Vilas Bank Ltd moratorium would be lifted on November 27, allowing depositors to withdraw their funds without restrictions.

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