The Kotak Essentia Platinum CreditCard is great for you if you tend to shop at departmental stores and grocery stores very often. This credit card is designed to facilitate 10% savings each time it is used at groceries 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.
The Kotak Bank Essentia Platinum Credit Card has a Rs.1,499 registration fee and is built with the wise shopper in mind. This card has an annual cost of Rs.749, which is applicable from the second year onwards. In addition, the interest rate on your outstanding debt is 40.8 percent per annum.
The Kotak Essentia Platinum Credit Card offers up to a 10% discount on all departmental and grocery store purchases. Aside from the savings, you'll get benefits like exclusive customer service, card protection insurance, and more.
Extra savings: For every Rs.250 spent on other categories, you receive 1 Saving Point (non-departmental & non-grocery).
Redeemable options that are appealing: Saving points can be redeemed for cash, airline tickets, air miles, cinema tickets, mobile recharge, and branded products conveniently and quickly online.
More advantages and incentives: You can also take advantage of 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 from your registered cellphone number, and you will receive a call from the bank within 30 minutes.
Add-on cards include: 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 Rs.2000. It makes it a more secure, faster, and safer method of payment.
Rewards for achieving milestones include:
You can earn 1200 Reward Points or 6 complimentary PVR tickets if you spend Rs.1.25 lakh on the card in 6 months.
You can choose from a maximum of 12 complimentary PVR tickets each year when redeeming your points.
You can also choose from air tickets, air miles, mobile recharge, cinema tickets, and branded products when you receive your next payment cycle statement.
Type of fee |
Amount (Rs.) |
Joining fee |
Rs.1,499 |
Annual fee |
Rs.749 |
Interest charges on outstanding balances |
3.50% per month |
Cash withdrawal fee per Rs.10,000 or part thereof |
Rs.300 |
Late payment charges |
If the outstanding amount is Equal to or less than Rs.500 - Rs.100 Between Rs.500.01 to Rs.10,000 - Rs.500 Greater than Rs.10,000 - Rs.700 |
Over limit fee |
Rs.500 |
Call a draft or funds transfer fee |
Rs.300 for every Rs.10,000 withdrawn/transaction |
Add on card charges |
Rs.299 per card |
Furnishing a copy of CIBIL |
Rs.50 |
Fee for cash payment at a branch of the bank |
Rs.100 |
Reissue or replacement of the card |
Rs.100 (per issuance) |
The following are the eligibility requirements for the Kotak Essentia Platinum Credit Card:
You must have a set of documents ready in order to apply for a Kotak Bank Essentia Platinum Credit Card. The bank uses these documents to carry out customer due diligence and KYC. 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
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.
Every billing cycle in which you are over limit, a flat over limit fee of Rs.500 will be applied if the total transaction value exceeds 100% of the credit limit..
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.
Call 1860-266-2666 to speak with a Kotak Mahindra Bank credit card customer service agent.
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 prior to the reporting date.
This is a VISA chip card from Kotak Mahindra Bank.
The Kotak Bank Essentia Platinum Credit Card is accepted worldwide.
Yes, you'll enjoy a 48-day interest-free period on purchases made with the card.
This credit card has a monthly interest rate of 3.50 percent.
Yes, an add-on card is available. A one-time fee of Rs.299 per card will be charged.
The Kotak Essentia Platinum Credit Card is an internationally accepted credit card powered by VISA.
Yes, the Kotak Bank Essentia Platinum Credit Card is valid across the world.