Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The Kotak Zen Signature Credit Card by Kotak Mahindra Bank has been curated to balance your travel, rewards, and milestone benefits. Every swipe with this card will earn you reward points that can be redeemed later. The card comes at a joining fee of Rs.1,500.
Welcome gift benefits
Zen points benefits
Bonus Zen points benefits
Travel and airport lounge benefits
Priority pass access benefits
Fuel surcharge benefits
Railway Surcharge Waiver
| Value Chart | Value |
|---|---|
| Monthly Spends on the card (assumed for below calculation) | Rs.70,000 |
| Joining Fee | Rs.1,500 |
| Annual Fee | Rs.1,500 |
| Value Builders | Value |
|---|---|
| Welcome Benefit | 375 |
| Priority pass + 3 free visits | 13,500 |
| Zen points value on KayMall spends | 6,300 |
| Zen points value on non-KayMall spends | 4,900 |
| Milestone benefit on crossing INR 6 Lakh annual spends | 3,750 |
| Fuel surcharge waiver annual benefit | 3,500 |
| Annual fees Waiver Benefit | 1,500 |
| Net annual value to cardholder | 30,825 |
| Particulars | Amount |
|---|---|
| Particulars | Amount |
| Joining Fees | Rs.1,500 |
| Annual Fees | Rs.1,500 |
| Condition for waiver of Joining Fees | NA |
| Condition for waiver of Annual Fees - First Year | Annual retail Spends of Rs 1.5lac |
| Condition for waiver of Annual Fees - Second Year | Annual retail Spends of Rs 1.5lac |
| Addon card Fees | Rs.299 |
| Interest Charges on outstanding Balances | 3.4% (Annualized 40.8%) |
| Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due) | MAD can be 5% or 10% of TAD as decided by the Bank |
| ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereof | Rs.300 |
| Late Payment Charges ("LPC") |
|
| Over Limit Charge | Rs.500 |
| Cheque Bounce Charges | Rs.500 |
| Foreign Currency Mark Up | 3.5% |
| Railway Booking Surcharge (1.8%/2.5% on transaction amount) | Waived |
| Fuel Surcharge (1% on transaction) | Waived |
| Fee for Cash payment at Bank | Rs.100 |
| Outstation Cheque Processing Fee | Waived |
| Reissue/ Replacement Card (per issuance) | Rs.100 |
| Charge Slip Request | Waived |
| Machine Surcharge at ATMs | Waived |
| Balance Enquiry Charges at Non-Parent Bank ATM | Waived |
| Duplicate Statement Request | Waived |
| Web Pay Service Fee | Waived |
| Furnishing a copy of Credit Information Report (CIBIL) | Rs.50 |
| Income proof (For self-employed) |
|
| Address proof (any one) |
|
| Income proof (For salaried) |
|
| Proof of Identity (any one) |
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You can get 2 visits per quarter.
Yes, you can redeem them through cash, airline tickets, movie tickets, mobile recharge, or branded merchandise.
No, you will not earn reward points on your fuel expenses, but you will get a fuel surcharge waiver. Get You can 1% fuel surcharge waiver on transactions that range between Rs.500 and Rs.3,000. Get a maximum fuel waiver of Rs.3,500 in every calendar year.
Yes, you should book your tickets via to get the railways waiver.
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