Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Kotak Mahindra Bank offers many credit cards which are curated to cater for the needs of all types of customers. Among these many credit cards, they are some Kotak credit cards which come with zero annual fees or joining fees and are lifetime free.
The Kotak 811 #DreamDifferent Credit Card is a lifetime free credit card that offers various benefits across categories such as reward points and cashback.
| Type of Charge | Fee |
|---|---|
| Annual fee | Nil |
| Joining fee | Nil |
| Add-on card fee | Nil |
| Interest rate on outstanding balance | 2.99% |
| Minimum amount due | 5% or 10% |
| Overlimit charge | Rs.500 |
| Late payment charge |
|
| Cheque bounce charge | Rs.500 |
The Kotak Fortune Gold Credit Card offers many benefits such as interest-free cash withdrawals, fuel and railway surcharge waiver, and more.
| Type of Charge | Fee |
|---|---|
| Annual fee | Nil |
| Joining fee | Nil |
| Add-on card fee | Rs.299 per card |
| Interest rate on outstanding balance | 3.50% |
| Minimum amount due | 5% or 10% |
| Foreign Currency Mark-up | 3.5% |
| Overlimit charge | Rs.500 |
| Late payment charge |
|
| Cheque bounce charge | Rs.500 |
The Kotak Best Price Credit Card is a co-branded credit card in partnership with Wal-Mart and offers benefits that would give a boost to your business. The card has been exclusively curated for Best Price Modern Wholesale stores.
| Type of Charge | Fee |
|---|---|
| Annual fee | Nil |
| Joining fee | Nil |
| Interest rate on outstanding balance | 3.40% |
| Cheque bounce charge | Rs.500 |
| Add-on card fee | Nil |
| Minimum amount due | NA |
| Foreign Currency Mark-up | N/A |
| Overlimit charge | Rs.500 |
| Fee of for cash payment at bank | Rs.100 |
The Kotak Wealth Management Infinite Credit Card offers a wide range of benefits that are specifically curated to fit the needs of the cardholder. Customers can personalise their credit cards, get access to international events and avail gold privileges as well.
| Type of Charge | Fee |
|---|---|
| Annual fee | Nil |
| Minimum amount due | 5% or 10% |
| Joining fee | Nil |
| Interest rate on outstanding balance | 3.10% |
| Cheque bounce charge | Rs.500 |
| Late Payment charges |
|
| ATM cash withdrawal | Rs.300 |
| Add-on card fee | Nil |
| Foreign Currency Mark-up | N/A |
| Overlimit charge | Rs.500 |
| Fee of for cash payment at bank | Rs.100 |
To apply for the Kotak Mahindra Bank Lifetime Free Credit Cards, here are the steps you can follow:
Step 1: Visit the official website of Kotak Mahindra Bank.
Step 2: Click on the ‘credit card’ section.
Step 3: Browse from a range of credit cards and select the card suitable for you.
Step 4: Click on ‘Apply Now’.
Step 5: Fill in the required details.
Step 6: Once submitted, a representative of the bank will get in touch with you.
For the above list of Lifetime Free Credit Cards, Kotak Mahindra Bank will not charge any annual fee.
It may take up to 7 working days for your credit card application to be verified by the bank once you have submitted all the required documents.
No, for some credit cards, such as the Fortune Gold Credit Card, add-on credit cards will come at a nominal fee of Rs.299.
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