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The Kotak Essentia Platinum Credit Card is great for you if you tend to shop at departmental stores and grocery stores very often. This Kotak Credit Card is designed to facilitate 10% savings each time it is used at grocery stores or departmental stores. As a holder of this credit card, you can also enjoy several other benefits like card insurance and quality customer assistance.

Features and Benefits

Extra Savings

For every ₹250 spent on other categories, you receive 1 Saving Point (non-departmental & non-grocery).

Appealing Redeemable Options

Saving points can be redeemed online for cash, airline tickets, air miles, cinema tickets, mobile recharge, and branded products conveniently and quickly.

More Advantages and Incentives

 You can also benefit from a variety of promotional deals, such as restaurant specials and vacation packages.

Priority Customer Service

 With KASSIST, you can get priority customer service. Simply text KASSIST to 5676788 using your registered mobile number, and you will receive a call from the bank within 30 minutes.

Add-on Cards

The perks and characteristics of Kotak Bank add-on credit cards are the same as those of the primary card. You may establish separate spending restrictions for each card and keep track of how much you spend.

Contactless Facility

The Visa feature on the card allows you to use the contactless facility to pay for transactions up to ₹2000. It makes it a more secure, faster, and safer method of payment.

Rewards

<ol> <li><p>You can earn 1200 Reward Points or 6 complimentary PVR tickets if you spend ₹1.25 Lakhs on the card in 6 months</p> </li> <li><p>You can choose from a maximum of 12 complimentary PVR tickets each year when redeeming your points</p> </li> <li><p>You can also choose from air tickets, air miles, mobile recharge, cinema tickets, and branded products when you receive your next payment cycle statement</p> </li> </ol>

Fees and Charges

Type of fee

Amount

Joining fee

₹1,499

Annual fee

₹749

Interest charges on outstanding balances

3.50% per month

Cash withdrawal fee per Rs.10,000 or part thereof

₹300

Late payment charges

If the outstanding amount is:

  • Equal to or less than ₹500: ₹100

  • Between ₹500.01 to ₹10,000: ₹500

  • Greater than ₹10,000: ₹700

Over limit fee

₹500

Call a draft or funds transfer fee

₹300 for every ₹10,000 withdrawn/transaction

Add on card charges

₹299 per card

Furnishing a copy of CIBIL

₹50

Fee for cash payment at a branch of the bank

₹100

Reissue or replacement of the card

₹100 (per issuance)

Disclaimer: The aforementioned fees and charges are subject to change at the issuer's discretion. Please refer to the issuer's MITC document for more details.

Eligibility

The following are the eligibility requirements for the Kotak Essentia Platinum Credit Card:

  • Minimum Age: 21 years

  • Maximum Age: 65 years

  • Add-on Credit Card Age Limit: 18 years

  • Nationality: Indian Resident

Documents Required

The documents required to apply for this credit card are:

  • Proof of address documents like Aadhaar card, passport, voter ID, driving licence, ration card, rent agreement, utility bills

  • Proof of identity documents such as PAN card, Aadhaar Card, voter ID, passport, ration card and driving licence

  • Proof of income like salary slips and bank statements

How to Get a Kotak Essentia Platinum Credit Card?

This Credit Card is not currently available on the Bajaj Markets website. Those interested in applying for the card can do so either on the Kotak Mahindra Bank's official website or at a branch near them.

DISCLAIMER

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees and charges with regard to any credit card, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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Frequently Asked Questions

When will my Kotak Essentia Platinum Card be charged for exceeding its credit limit?

Every billing cycle in which you are over the limit, a flat over-limit fee of ₹500 will be applied if the total transaction value exceeds 100% of the credit limit..

Is there a different saving point system for the add-on cardholder?

There are no additional savings points available for add-on cardholders. For the primary and add-on cards combined, the monthly saving point limit (500) has been set. As a result, the add-on cardholder will not receive any additional savings points.

How can I contact Kotak Mahindra Bank in the event of a card-related emergency?

Call 1860-266-2666 to speak with a Kotak Mahindra Bank credit card customer service agent.

 

 



How does the Insurance Coverage assist you?

If the card is lost or stolen, the insurance will repay you for any unauthorised or fraudulent usage. This coverage is valid for both primary and supplementary cards for up to 7 days before the reporting date.

In the Kotak Bank Essentia Platinum Credit Card, what kind of chip is used?

This is a VISA chip card from Kotak Mahindra Bank.

Is the Kotak Bank Essentia Platinum Credit Card accepted worldwide?

The Kotak Bank Essentia Platinum Credit Card is accepted worldwide.

When I use the Kotak Bank Essentia Platinum Credit Card, may I enjoy an interest-free period?

Yes, you'll enjoy a 48-day interest-free period on purchases made with the card.

What is the credit card's annual percentage rate?

This credit card has a monthly interest rate of 3.50%.

Will the Kotak Bank Essential Platinum Credit Card come with an add-on card?

Yes, an add-on card is available. A one-time fee of ₹299 per card will be charged.

What kind of card is the Kotak Essentia Platinum Credit Card?

The Kotak Essentia Platinum Credit Card is an internationally accepted credit card powered by VISA.

Is the Kotak Bank Essentia Platinum Credit Card internationally valid?

Yes, the Kotak Bank Essentia Platinum Credit Card is valid across the world.

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