Kotak Credit Card Eligibility Criteria & Documents Required

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Kotak Mahindra Bank Credit Card Eligibility

The Kotak Mahindra Bank credit card eligibility criteria allows people to avail benefits and be able to enjoy products and services with enormous discounts. Kotak credit card eligibility varies for different cards, and the wide variety ensures that all kinds of customers can avail them. Since each credit card comes with its own benefits, customers can choose from among the various options and pick one that best fits their requirement.

Eligibility Criteria for Kotak Credit Cards

While there is a range of credit cards issued by the bank, the credit card eligibility criteria for each differs. Customers have to meet the different criteria to be eligible for a credit card, but a basic set of criteria exist for customers to be eligible for availing any of the Kotak Mahindra credit cards. Read on to learn more about the general credit card eligibility criteria required by an applicant:

The applicant for the credit card must be aged between 21 and 65 years
The applicant must be a resident of India
The applicant must be salaried/self-employed and produce proof of a steady income
The applicant for the credit card must have a good credit score

Eligibility Criteria of Top Kotak Bank Credit Cards

Card Name	Age Limit	Income & Other eligibility criteria
Veer Select Credit card	Primary Cardholder: 21-65 years Add-on Cardholder: 18 years and above	Applicable for armed forces officials only
White Credit Card	Primary Cardholder: 28-65 years Add-on Cardholder: 18 years and above	Annual income must be ₹25 lakh and above
Zen Signature Credit Card	Primary Cardholder: 21-65 years Add-on Card Holder: 18 years and above	Annual income must be ₹4.8 lakh and above
Mojo Platinum Credit Card	Primary Cardholder: 21-65 years Add-on Cardholder: 18 years and above	Annual income must be ₹4 lakh and above
Biz Credit Card	Primary Cardholder: 21-65 years	Minimum Income Tax Return of ₹4.8 lakh and above per annum
Wealth Management Infinite Credit Card	Primary Cardholder: 21-65 years Add-on Cardholder: 18 years and above	Primary cardholder needs to have Kotak Wealth Management Banking Relationship
NRI Royale Signature Credit Card	Primary Cardholder: 18-75 years Add-on Cardholder: Above 18 years	Only NRE/NRO account holders are eligible for the credit card
League Platinum Credit Card	Primary Cardholder: 21-65 years Add-on Cardholder: 18 years and above	Annual income must be ₹5 lakh and above

Factors Affecting Kotak Credit Card Eligibility Criteria

While there are certain criteria already mentioned for the Kotak Mahindra credit card eligibility, it is important to understand the factors affecting an applicant’s eligibility. Once you know the factors that will have an impact on your eligibility criteria, it will be easier to know how you can ensure that your credit score remains high.

Read on below to learn the general factors that affect your eligibility for the Kotak Mahindra credit cards.

Applicant’s Age:

Candidates aged below 21 years and above the age of 65 years are not eligible for availing Kotak Mahindra Bank credit cards.

Applicant’s Income

Your income has a direct impact on the credit card issued to you. Different credit cards cater to different budgets and you will be issued a credit card at par with the income bracket you fall into.

Applicant’s Debt-to-Income Ratio (DTI)

Your debt to income ratio is decided by dividing your gross monthly debt by monthly income. When you apply for a credit card, your DTI ratio will be calculated, and if it turns out to be high, the possibility of you availing a card will be negatively affected.

Applicant’s Credit Score

Based on your credit history, you are assigned a credit score or rating between 300 to 900. If your credit score is too low, it will have a negative impact on your Kotak Mahindra credit card eligibility.

Applicant’s Credit History

A lack of a credit history will not let potential lenders easily assess your repayment ability. Thus, your application would be negatively impacted since your potential lender is unable to assess whether you would responsibly repay the credit card dues.

High Outstanding Dues on Credit Cards

Your previous credit cards and your repayment history will have an impact on your Kotak Mahindra credit card eligibility. Your previous dues and your repayment history will be assessed in order to judge your creditworthiness while your credit card application is being evaluated.

Applicant’s Settled Accounts

Any settlements you may have worked out with previous credit providers will show up while your credit card application is being assessed and will negatively impact your eligibility for availing the same.

Multiple Credit Card Inquiries

If you are wondering that multiple credit card inquiries can negatively impact your Kotak credit card eligibility criteria. The answer is yes as multiple credit card inquiries can have an adverse impact on your credit scores as lenders often check through your credit report.

Number of credit cards owned

Owning too many credit cards, can also affect your Kotak Mahindra Bank credit card eligibility criteria as it all impacts your credit score.

Job Stability

Another factor that affects your eligibility is your employment status. You have a much better chance of getting a credit card if you stay in your current job for more than a year.

Improving Your Kotak Credit Card Eligibility

If your application is ever rejected because of any of the factors mentioned above, you can try to improve your eligibility and reapply for a card. Read on below to learn how to improve your Kotak Mahindra credit card eligibility.

Keep an eye on your credit score at all times and take steps to ensure it does not drop too low. It is possible to improve your credit score by reducing debt and paying off dues on time, which would improve your eligibility as well
The number of credit enquiries for cards or loans will also be assessed while your application is being evaluated. If you have made too many applications, it will count against you. Make sure to carefully assess your own requirements and make only targeted enquiries
Keep your debt-to-income ratio low as it helps boost your eligibility criterion
On all active lines of credit, make sure to be careful of penalties, late fees, and avoid bounced cheques

Kotak Credit Card Documents Required

There are several documents you must submit to avail a credit card from Kotak Mahindra Bank. Read on to learn which credit card documents are important when applying for a Kotak Mahindra credit card.

Identification proof, such as Aadhaar card, voter’s card, or driving licence
Permanent Account Number (PAN) card; if unavailable, you can submit Form 60
Proof of income, such as through salary slips or Form 16
Bank statements

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Kotak Credit Cards Variants

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About Credit Cards

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Applicants need to be aged between 21 to 65 years, should be Indian citizens, must have a steady income, and a high credit score in order to apply for Kotak Credit Cards.

The minimum requirement for applying for a Kotak credit card is that an applicant must be an Indian citizen, aged between 21 to 65 years, and must have an annual income of ₹3 lakh per month.

To avail a Kotak credit card, you need to submit your ID proof, income proof, and bank statements along with your PAN card.

While the minimum age for applying for a Kotak Mahindra Bank credit card is 21 years, the maximum age limit is 75 years. So, you can easily apply for a Kotak Mahindra Bank credit card up to the age of 75.

There are various factors that can influence or affect the eligibility criteria required to get a Kotak Mahindra bank credit card. Some of the factors include inquiring about multiple credit cards and stability in a job. Other factors are the number of credit cards you own as well as recent remarks on a credit card report that can all influence the eligibility criteria required to get a Kotak Mahindra bank credit card.