Apply for Kotak Mahindra Bank credit cards to enjoy a variety of benefits like reward points, dining benefits, travelling privileges etc. Annual fees range from 0 to Rs. 1,999 and the interest rate is 3.5% per month.
| Credit card name | Annual Fee | Benefits |
|---|---|---|
| Kotak Royale Signature Credit Card | Rs.999 | Fuel and Rewards |
| Kotak Privy League Signature Credit Card | Rs.2,500 | Premium & Lifestyle |
| Myntra Kotak Credit Card | Rs.500 | Shopping and Lifestyle |
| Kotak 811 Credit Card | Rs.500 | Cashback & Reward Points |
| Kotak Corporate Platinum Credit Card | Rs.999 | Shopping and Lifestyle |
| Kotak Corporate Gold Credit Card | Rs.1,000 | Rewards and Shopping |
| Kotak Corporate Wealth Signature Credit Card | NIL | Shopping and Lifestyle |
| Equated Monthly Installment (EMI) conversion for shopping | 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 Automated Teller Machines (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. |
• Earn 4x reward points on every Rs.150 spent.
• It offers maximum fuel surcharge waiver of Rs.3,500 per calendar year.
• The cardholders will get 10,000 bonus reward points on every Rs.4,00,000 spent.
• Complimentary access to domestic airport lounges.
• Cardholders can enjoy certain benefits like comfortable seating, gourmet meals, newspaper and magazines, widescreen TVs, and free WiFi at airports.
• If you have lost your credit card or it is stolen, the bank will provide a financial coverage of Rs.2,50,000 against fraudulent usage up to seven days of pre reporting.
• Earn 3x reward points for every Rs.100 spent on retail expenses.
• Spend Rs.1 lakh in a year for 10,000 reward points or four free PVR movie tickets.
• Reward points can be redeemed in blocks of 1,000 (1,000 points = Rs.75).
• Insurance cover of up to Rs.50,000 (with Urbane Shield) in case your credit card is stolen.
• For every Rs.150 spend, you earn up to 8x reward points.
• Spend Rs.1.25 lakh every six months to get 10,000 reward points or four free PVR movie tickets.
• Fuel and railway surcharge waivers on your transport-related transactions.
• Get a Rs.500 movie voucher as a joining gift.
• Spend Rs.10,000 or more in a month to get two PVR movie tickets for free. Get up
• Save up to Rs.9,600 in a year with up to 24 free PVR movie tickets.
• There are no joining fees for this card.
• Insurance coverage up to Rs.75,000 for lost or stolen cards, with PVR Shield.
• Get one PVR ticket for free when your monthly spends exceed Rs.10,000.
• Get two PVR tickets for free when your monthly spends exceed Rs.15,000.
• Save up to 5% on your expenses in a year.
• Earn up to 24 free PVR tickets worth Rs.9,600 in a year.
• This card is linked to your term deposit, where the minimum TD amount has to be Rs.25,000.
• Get a credit limit of up to 80% of your term deposit.
• Get four free PVR tickets or Rs.750 cashback when you spend Rs.1.5 lakh in a year.
• Enjoy fuel and railway surcharge waiver.
• 10% cashback on dining and entertainment on spending Rs.10,000 on other expenses.
• Waivers on fuel surcharge as well as railway surcharge.
• Spend a minimum of Rs.1.25 lakh every six months to enjoy Rs.750 as cashback or four PVR movie tickets for free.
• Get an insurance coverage of Rs.1.25 lakh for stolen cards, with Delight Shield.
• If the cardholder is a smart shopper, then this is the best credit card for him or her. This is because it helps the cardholder to earn additional saving points on all important purchases made by them and they will be able to redeem whenever they want.
• Get ten saving points on every Rs.100 spent.
• It provides 10% off for shopping in selected grocery stores.
• Get discount vouchers for online shopping.
• Cardholders who have spent Rs.1,25,000 every six months will get six PVR tickets.
• You get 5x reward points per Rs.150 you spend on online purchases.
• For every Rs.150 you spend on other expenses, you get 2x reward points.
• Get 4,000 bonus reward points when you spend Rs.2 lakh during the program period.
• Get 10,000 bonus reward points when you spend Rs.4 lakh during the program period.
• This card is linked to an individual term deposit, for which the minimum amount has to be Rs.50,000.
• Earn up to 5x reward points for every Rs.100 spent on apparel. The minimum retail expenses in a billing cycle has to be Rs.7,500.
• Get 1 reward point per Rs.200 spent on other expenses.
• Earn 1,000 reward points or four PVR movie tickets for free every 6 months when you spend Rs.1.25 lakh.
• NRI Royal Signature credit card offers a biggest return as an NRI. The card offers myriads of customized features which are tailor made especially for Indians who stay abroad.
• Cardholders will get gift on Add-on card.
• Cardholders will have the freedom to pay and purchase in Indian currency.
• Get 2x reward points on international spends.
• If you have lost your credit card, you will get a financial coverage of Rs.2,50,000 against fraudulent usage of up to seven days of reporting.
• Along with complimentary access to domestic airport lounges, cardholders will also be able to enjoy benefits like comfortable seating, gourmet meals, widescreen TVs, free WiFi, and newspaper and magazines.
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.
1. Can I transfer money from my Kotak credit card to my bank account?
The only way you can transfer money from your Kotak credit card to your bank account is by taking a cash advance. You can use your card to withdraw money from the ATM and then deposit that money into your bank account. The amount you withdraw will be treated as a short-term loan and the interest charged will be sperate from the interest you are charged for your retail spends. Also, keep in mind that this loan does not have any grace period when it comes to repayment.
2. Does Kotak 811 provide a credit card?
At present, Kotak 811 customers get access to a debit card. You can access this card by logging in to your mobile banking app. However, there is no credit card that primarily caters to 811 customers currently. If you do want a credit card, you can apply for any of Kotak Mahindra Bank’s credit cards. If you meet the eligibility criteria, you will receive the credit card.
3. Which is the best Kotak Mahindra Bank credit card?
Here’s the thing with credit cards – what may be the best card for one person, could very well be the worst for another. The only way to truly get the most out of your card is by ensuring that the rewards match your spending pattern.
4. How can I close my Kotak Mahindra credit card?
Once you have decided to close your Kotak credit card account, the first thing you should do is contact the bank. You can do this by calling their customer care service, but it will be better if you visit the branch you bank with. The bank officials will check to see if all pending dues have been cleared. If not, you will have to pay the outstanding amount before the bank officials go ahead and close your card account.
It’s good practice to insist on a written acknowledgement from the bank that all your dues have been paid and that the card stands cancelled. Once you receive this, you can go ahead and cut the card in your possession. Ensure that you cut the card across the magnetic strip. Doing so will ensure that you have successfully closed your credit card.
5. Who can apply for a Kotak Mahindra Bank credit card?
Depending on the type of credit card you are applying for, the eligibility criteria may differ. However, in general, you need to be a resident of India, have a steady source of income (you can be salaried or self-employed), and be between 21 and 65 years of age.
6. How can I increase my Kotak credit card limit?
There are primarily two ways to increase the credit limit on your card. First, use your credit card as much as you can. This way the bank will see that you are both using it and repaying your bills on time. They will thus increase the credit limit on their own or call you and tell you that you can increase the credit limit on your card if you so wish. The second method is requesting for an increase in your credit limit. Let’s say that your income has increased since you first applied for your credit card. By providing the bank with proof of income in the form of your payslip, you can request for an increase in your credit limit.
7. Is there an app for Kotak Mahindra Bank credit card?
While there is no app exclusively for credit cards, you can always access all credit card details by using the Kotak Mahindra Bank mobile application.
8. How can I convert Kotak credit card reward points to cash?
Yes, you can convert the reward points you earn on your Kotak Mahindra Bank credit card to cash. To do so, log in to your net banking account, select the credit card option, and select the redemption choice. In this case, it will be cash.
9. How many days does it take to get a Kotak Mahindra Bank credit card?
Once you apply for a new credit card or place a request for a replacement card, you should receive it within 7 business days. As soon as the card is dispatched, you will receive an SMS with the name of the courier company as well as the air waybill number (AWB). You can use this number to track where your card is and when you are likely to receive it.
10. Are there any charges for a Kotak Mahindra Bank credit card?
All credit cards come with certain fees and charges which differ depending on the type of credit card you decide to apply for. In general, these are the fees you will have to pay Joining fee, Annual fee, Interest on the outstanding balance, Late payment charges, Over limit charge, Foreign currency mark-up fee, ATM cash withdrawal fee.
11. Can I apply for a Kotak Mahindra Bank credit card through net banking?
If you are applying for a new credit card for yourself, you can do so by applying either on a credit card comparison website or on the bank’s website. If you are applying for an add-on card, though, you can apply for it using Kotak’s net banking facility.
Other ways to apply for a Kotak Mahindra credit card are applying directly at the bank and calling customer care and request for a credit card.
12. Is there an interest free period on retail transactions and cash transactions?
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.
13. When will I be charged a mark-up fee?
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.
14. Will I be charged an over limit fee?
Yes. You will be charged Rs.500 for every billing cycle that where you have exceeded 100% of your credit limit.
15. Can I track the expenses on my Add-on Cards?
Yes. You can track the expenses separately for your Add-on Cards.
16. What do I do if my card is lost or stolen?
You need to follow the certain steps if you’ve lost your card or it has been stolen. Firstly, get in touch with the Customer Contact Center at 1860 266 2666 to block, cancel, or deactivate your card. If there are any charges made to your credit card, you will have to send a Customer Dispute Form to the bank. This copy can be emailed to service.cards@kotak.com or faxed to 022-66466901.
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