Kotak Mahindra Bank offers a wide range of credit cards which offers a wide range of benefits from reward points to dining and travelling privileges. There are a number of credit cards which also offer a range of entertainment benefits as well. These credit cards cater to all types of customers depending on their wants and needs.
Although it's not that easy to filter the top cards from multiple tempting options, we have curated a list of the top 5 Kotak Mahindra credit cards and each card would certainly prove to be a highly wonderful financial tool for you.
|Kotak Mahindra Credit Card Variant||Annual Fee||Suitable For<|
|Kotak Royale Signature Credit Card||Rs.999||Travel/Lifestyle|
|Kotak Essentia Platinum Credit Card||Rs.749||Shopping (Everyday)|
|Kotak PVR Gold Credit Card||Rs.499||Entertainment (Movies)|
|Kotak PVR Platinum Credit Card||Rs.999||Entertainment (Movies)|
|Kotak Delight Platinum Credit Card||Rs.299||Lifestyle|
(*You can apply for any of these cards on the BankBazaar website since it is an official partner of the Kotak Mahindra Bank for offering these cards)
You get exclusive access to a world of benefits with Kotak credit cards. Reward points, cashback, fuel surcharge waivers, free movie tickets, and airport lounge access, these are just some of the perks you will enjoy.
Kotak has also designed these cards to suit your needs and lifestyle requirements. From shopping to travel, you have several options to explore.
|Credit card name||Joining fees||Renewal fees||Rewards||Interest rates||Minimum annual salary|
|Kotak Fortune Gold Card||Nil||Nil||Fuel surcharge waiver and interest-free cash withdrawals||3.5% per month||Rs.3 lakh|
|Kotak Urbane Gold Credit Card||Nil||Rs.199 (waived if previous year's spends exceed Rs.15,000)||3x reward points per Rs.100 spent on retail expenses||3.5% per month||Rs.3 lakh|
|Kotak Feast Gold Credit Card||Nil||Rs.499||10 dining points on dining and movie expenses||3.5% per month||Rs.3 lakh|
|Kotak League Platinum Card||Nil||Rs.499 (waived if previous year's spends exceed Rs.50,000)||Up to 8x reward points for every Rs.150 spent on all expenses||3.5% per month||Rs.5 lakh|
|Kotak Solaris Platinum Credit Card||Rs.500||Rs.500 (waived if previous year's spends exceed Rs.75,000)||5x reward points per Rs.150 spent on online expenses||3.5% per month||Rs.5 lakh|
|Kotak Silk Inspire Credit Card||Rs.599||Rs.599 (waived if previous year's spends exceed Rs.1.25 lakh)||Up to 5x reward points per Rs.100 spent on apparel||3.5% per month||-|
|Kotak Delight Platinum Credit Card||Rs.1,999||Rs.299||Get 10% cashback on dining and movie expenses||3.5% per month||-|
|Kotak Essentia Platinum Credit Card||Rs.1,499||Rs.749||10 Saving Points per Rs.100 spent at department and grocery stores||3.5% per month||-|
Whether you're buying a new smartphone or getting flight tickets, you can turn any purchase above Rs.2,500 into monthly instalments.EMI conversion for outstanding balances
If you're finding it difficult to clear your outstanding balance in one go, you can opt for balance EMI conversion. You also get great interest rates when you choose this scheme.Online balance transfer
Transfer the outstanding balance on other credit cards to your Kotak card to manage your debt easily. You will also enjoy a 90-day interest free period.Kotak Cash at Ease for cash withdrawals
With this option, you can access cash whenever you want, wherever you want. There's cash available at ATMs, branches, by transferring funds online, or requesting for a demand draft.Kotak Visa Bill Pay for online bill payments
Never miss a due date with Kotak's bill payment option. All you have to do is use your Kotak credit card with Visa. This service is free too.
|Type of fees||Charges|
|Interest rate||Starts at 3.3% p.m.|
|Minimum Amount Due (MAD)||5% or 10% of the total amount due (as per the bank's discretion)|
|ATM cash withdrawal||Rs.300|
|Cash advance (per Rs.10,000)||Rs.300|
|Call a draft||Rs.300|
|Late payment fees||
Rs.100 for statement of Rs.500 or less
Rs.500 for statement between Rs.501 and Rs.10,000
Rs.700 for statement more than Rs.10,000
|Over limit fees||Rs.500|
|Cheque bounce fees||Rs.500|
|Foreign currency mark-up||3.5%|
|Cash payment at bank fee||Rs.100|
To apply for a Kotak card, you are required to maintain a credit score of at least 700. However, this may vary as per the bank's discretion.
You will have to submit several documents during your credit card application process. Listed below are some of the standard documents:
Do note that you will be informed of the exact list by the bank when you begin your application.
It's easy to apply for a Kotak card through BankBazaar's website. Follow the steps below to start your application:
You can also apply for your Kotak card through the official Kotak Mahindra Bank's website. Listed below are the steps you'll need to follow to begin your application:
While the eligibility criteria differ from card to card, below you'll find the basic requirements:
Once you have successfully completed your card application, you will receive an 'Application ID'. To know the status, visit the 'Track Application' page on BankBazaar's website. You will have to enter your ID and your registered mobile number.
There are two ways you can check your application status. You can call the Kotak banking helpline and request them for information regarding your application. Alternatively, you can visit the bank's official website and select 'Track Application Status'. You will have to enter the application number or form number to check the status.
To maximise the value of your expenses, Kotak offers a wide range of perks on its credit cards. From dining to entertainment, you'll find great discounts and deals on a variety of products and services.
You also get access to other offers when you apply for selected Kotak cards on BanBazaar's website.
Manage your debt easily by transferring your outstanding balances to your Kotak card. For starters, you can transfer a minimum of Rs.2,500 or a maximum of 75% of your credit limit. You will also enjoy a 90-day interest free period.
Balance transfer is not available on cards that are less than six months old. You will be charged a processing fee of Rs.349 for every Rs.10,000 you transfer. GST is also applicable on this transaction.
You can get a personal loan on your Kotak card when you need finances immediately. The maximum loan amount you can get is Rs.5 lakh with attractive interest rates. You can also choose tenures from 6 months to 48 months. The amount will be instantly transferred to your Kotak account or any other savings account.
There are several ways to pay off your Kotak card bill. Listed below are some options you can use:
If you have queries regarding your Kotak card, there are various customer care channels you can choose from:
The points you accumulate on your Kotak card can be redeemed for an array of things. Listed below are some rewards redemption methods you can consider:Pay with reward points
Instead of paying for your purchases with cash or card, you can use your points at participating merchant outlets.Redeem for merchandise
Your points can be redeemed for branded merchandise, movie tickets, airline tickets, air miles, cash, and even mobile recharges. In case of mobile recharges, merchandise, and airline tickets, these points will first be converted to Easy Points and the conversion rate is 1 Easy Point for every 5 reward points.Redeem for vouchers
You can also redeem your points for air ticket vouchers. However, do note that this voucher is only valid for six months.
If you're no longer using your card and wish to close it, there are certain steps you need to follow. To close your Kotak card, it's advised to send written communication to the bank. Your credit card will only be cancelled if you have paid off your outstanding dues.
Once you have cleared the balance, request the bank to share written acknowledgement stating your credit card has been cancelled. This acknowledgement should also include that all your dues have been paid.
There is an interest-free period on retail transactions for up to 48 days. However, cash transactions do not have an interest-free period. When you initiate a cash withdrawal, interest will start accruing from the very same day.
You will be charged a mark-up fee every time you initiate an international transaction. A fee of 3.5% of the transaction amount will be charged for both retail as well as cash transactions.
Yes. You will be charged Rs.500 for every billing cycle that where you have exceeded 100% of your credit limit.
Yes. You can track the expenses separately for your Add-on Cards.
You need to follow the steps below if you've lost your card or it has been stolen.
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