Credit cards are one of the most popular cashless financial instruments that allow you to make purchases and enjoy excellent rewards for your spends. With umpteen card issuers flooding the market, you are spoilt for choice.
One such issuer is Kotak Mahindra Bank, providing a range of credit cards to match the growing demands of present-day customers. From travelling to dining, using a Kotak credit card can fetch attractive rewards.
To understand the features and benefits of the Kotak Mahindra Bank credit card, read on.
Kotak Credit Card Name |
Joining Charges |
Renewal Charges |
Kotak Solaris Platinum Credit Card |
₹500 |
₹500 (not applicable if the previous year’s spending exceeds ₹75,000) |
Nil |
₹199 (not applicable if the previous year’s spending exceeds ₹15,000) |
|
Nil |
₹999 (not applicable if the previous year’s spending exceeds ₹1,00,000) |
|
₹499/Nil |
₹499 (not applicable if the previous year’s spending exceeds ₹50,000) |
|
₹500 |
₹500 (not applicable if the previous year’s spending exceeds ₹50,000) |
|
Kotak PVR Platinum Credit Card |
Nil |
₹999 |
Kotak Zen Signature Credit Card |
₹1,500 |
₹1,500 (not applicable if the previous year’s spending exceeds ₹1,50,000) |
Disclaimer: The charges may vary at the discretion of the issuer. Please check the current applicable rates at the lender’s website before getting your preferred credit card.
When getting credit cards, it is crucial to note the distinguishing features that make them stand apart in the market. So, before you apply for a Kotak credit card, understand a few attractive features and choose the one that best fits your requirements.
If you currently use other credit cards but want to switch to the Kotak Mahindra Bank credit card, simply follow this process. All you have to do is transfer the pending dues of other cards to the Kotak credit card. The facility helps you manage your debts and also provides an interest-free period of 90 days.
With a Kotak credit card, there’s no need to stress about clearing your bills. Whether you book expensive flight tickets or purchase a new gadget, you can easily convert your spends exceeding ₹2,500 into manageable EMIs.
Thanks to this facility, you can use the Kotak Mahindra Bank credit card to withdraw cash anytime and anywhere.
When you find it stressful to pay your dues in a single go, you must convert the outstanding amount to EMIs. This helps you manage your budget and enjoy attractive interest rates too.
Considering the many credit card types on offer, Kotak Mahindra Bank offers myriad benefits. While premium cards have higher fees with better benefits, you may have to pay lower annual fees when getting basic cards.
Here are a few benefits you can earn when you choose the Kotak credit card:
Enjoy welcome benefits in the form of bonus reward points, gift vouchers, etc.
Make a transaction with the credit and avail cashback benefits on every spend
Achieve the minimum spending limit with the set timeline and get milestone benefits
Utilise travel benefits such as lounge access, hotel memberships, etc.
Enjoy great discounts on movie tickets and dining venues
Get other benefits like fuel surcharge waiver, annual fee waiver and insurance options
To get a Kotak credit card, apply through the lender’s website or on Bajaj Markets. However, note the following eligibility criteria to get your credit card hassle-free. These parameters vary for different cards. Here are a few criteria to note:
You must be at least 18 years of age
You must be self-employed or a salaried individual
You must be an Indian resident
Once you meet the eligibility criteria, submit the required documents for quick card approval.
ID proof documents such as Aadhaar card, Passport, PAN Card, Voter ID, etc.
Address proof documents that include Aadhaar card, Passport, Utility bills, etc.
Latest salary slips as proof of income
Latest ITR copies for self-employed
Latest bank statements
Here is a list of rewards you can enjoy from a few Kotak credit cards:
Name of the Kotak Credit Card |
Rewards |
Kotak Royale Signature Credit Card |
|
Kotak Urbane Gold Credit Card |
|
Kotak League Platinum Card |
|
Kotak Mojo Platinum Credit Card |
|
Kotak PVR Platinum Credit Card |
|
Kotak Solaris Platinum Credit Card |
|
Once you start accumulating points on the Kotak Mahindra Bank credit card, you can redeem it with ease. One option is to utilise the accumulated points on purchases. For example, you can use these points when purchasing at merchant outlets rather than paying by cash or card.
Another method of redeeming reward points is to convert them for branded merchandise, flight or movie tickets. Additionally, you may even redeem points for mobile recharge as well.
However, note that these points are converted to Easy Points in case of mobile recharges. So, according to the conversion rate, for every 5 reward points, you get 1 Easy Point. The same is applicable to flight tickets too.
Alternatively, you may redeem your points for flight vouchers. An important point to note here is that the voucher’s validity may be only for 6 months.
To get a Kotak credit card, apply online by following the process mentioned below:
Visit the official website of Kotak Mahindra Bank at https://www.kotak.com/en/home.html
Select ‘Credit Cards’ under the ‘Explore Products’ tab
Choose the card you want to get
Click on the ‘Apply Now’ option
Complete the application form
Alternatively, you may visit the nearest branch to apply for a new card. Plus, when applying online, you can use the ‘Know More’ tab to get additional features of various credit cards.
Checking the status of your Kotak credit card application is a simple process. Simply, call the Kotak Mahindra Bank helpline number and enquire about the status of your application.
There’s another option to visit the bank’s website and check the card status. All you have to do is enter the card application number on the ‘Track Application Status’ tab. Once done, you can view your details within seconds.
For any doubts regarding the credit card, you can contact the customer care team in the following ways:
Call the local toll-free number 1860 266 2666
Contact the team at +91 22 6600 6022 for overseas customers
Alternatively, you may visit the nearest branch to resolve your credit card issues.
It may take 7 working days for you to get the credit card. After the dispatch of the card, an SMS with card details is sent to the registered mobile number. Using details like the courier company name, you can easily track the location of the card.
No, you cannot initiate a direct fund transfer between the Kotak credit card and your bank account. However, you can withdraw cash using the card and deposit the same to your account. This is taken as a short-term loan with no grace period on repayment.
Kotak Mahindra Bank credit cards bring you various rewards and lifestyle benefits against a list of fees and charges. While most Kotak credit cards come with zero joining and renewal charges, you might need to pay a basic fee for some. The interest charged on Kotak credit cards is quite nominal, starting from 3.1% per month. You will have to pay an ATM cash withdrawal fee, cash advance charges, overlimit penalty, and late fee charges on the card.
The magnitude of these charges vary depending on the Kotak Mahindra Bank credit card you pick. The specific rates for each of these fees and charges will be outlined on the official Kotak Mahindra website. You should review these rates before applying for a Kotak credit card as this will help you manage your expenses better.
When it comes to choosing the best Kotak credit card, there’s no one-size fits all option. In other words, the best Kotak Mahindra credit card for you will be one that rewards your spending habits. For instance, the Kotak ZenSignature credit card would be perfect for shopaholics as it offers 10 Zen points on every 150 spent shopping. Similarly, if you’re a frequent flyer, the Kotak Indigo Ka-Ching 6E Rewards Card would be a better option.
Kotak Mahindra Bank credit cards don’t come with a minimum credit limit. The sanctioned credit limit of your card will depend on the bank’s assessment of your monthly income and credit history. In other words, if you have a steady monthly income and a reliable credit history, you can expect a good credit limit on your Kotak Bank credit card.
Available to both salaried and self-employed individuals, Kotak Mahindra Bank credit cards come with a simple eligibility checklist. If you are 18 years old, meet the minimum income requirement for the card, and have a good CIBIL score, you can apply for a Kotak credit card.
Yes. However, you can use the net banking route only when applying for an add-on credit card. To do so, you can log into your netbanking account, go to the ’Credit Cards’ tab and click on the ‘Add-on Credit Card’ option. Fill in the basic details and click on ‘Go’. Next, review the details of your application and submit the form. However, to apply for a Kotak credit card as a first-time applicant, you will have to visit the bank’s website.