Kotak Mahindra Bank Credit Cards June 2024

Kotak Mahindra Bank Credit Card Features and Benefits

Kotak Mahindra gives different exclusive benefits across different categories with their credit cards. Higher annual fees of premium cards offer more rewards and benefits compared to lower annual fees of basic cards. Here are the general features and benefits that you can get with Kotak Mahindra Credit Cards:

1. Welcome Benefits: Upon joining as a card member, there are many welcome benefits attached to Kotak Mahindra Cards. These could be in forms such as complimentary premium memberships, gift vouchers, bonus reward points, and accelerated cashback, among others. Normally, you receive them after paying the joining fee or attaining the required spend within a few initial months.

2. Rewards/Cashback: One of the major attractions of Kotak Bank Credit Cards is the Rewards Points/Cashback program, where for every transaction made using your credit card, you earn either reward points or cash back depending on what has been communicated by authorities involved. The different credit cards may also have varying rates of these rewards.

3.  Milestone Benefits: The benefits received upon reaching certain predetermined spends over a period are known as ‘milestone’ makeup milestone benefits. These are usually given in addition to welcome gifts, but they vary greatly depending on the type applied for, i.e., personal/professional etc., style etc. Similarly, like welcome bonuses, they can come as increased earnings per dollar spent, additional percentage return after achieving certain levels within specific time frames and much more.

4. Travel Benefits: Most Kotak Bank Credit Cards offer special travel privileges however, not all Basic card members might be able to enjoy them. These include free airport lounge access, discounted rates on airlines or hotel bookings, etc. Premium cards typically provide more exclusive travel rewards, such as free flights annually.

5. Benefits of Movies and Dining: Kotak Bank recognises that its customers have entertainment needs too, and offers them some advantages in this area. These include free movie tickets, excellent discounts on movies and dining out, among others.

6. Additional Benefits: In addition to providing attractive rewards for various spends like travel or shopping, Kotak Mahindra Cards also have extra perks attached to them such as free golf games/lessons, insurance cover(s), fuel surcharge waiver, joining fee waiver based on expenditure levels over a certain period.

Kotak Mahindra Bank Credit Card Rewards and Cashback

Kotak Mahindra Bank offers a range of credit cards, each with distinct reward rates. Generally, premium cards with higher annual fees provide higher reward rates compared to cards with lower annual fees. Additionally, the reward rate varies across different spending categories.

1. White Reserve Credit Card

• Earn White Pass Value based on spend milestones.

2. Privy League Signature Credit Card

• Earn 5x reward points on every Rs. 100 spent in special categories
• And 2x reward points on every Rs. 100 spent at retail outlets.

3. Zen Signature Credit Card

• Earn 15 zen points for every Rs. 150 spent on KayMall.
• And 5 zen points for every Rs. 150 spent in other categories.

4. Royale Signature Credit Card

• Earn 4x reward points on every Rs. 150 spent in special categories
• And 2x reward points in other categories.

5. League Platinum Credit Card

• Earn 8x reward points on every Rs. 150 spent in special categories
• and 4x reward points on every Rs. 150 spent in other categories.

6. 6E Rewards XL Indigo Kotak Bank Credit Card

• Earn 6% 6E Rewards on Indigo spends
• And up to 3% 6E Rewards on other spends.

7. 6E Rewards Indigo Kotak Bank Credit Card

• Earn 3% 6E Rewards on Indigo spends
• and up to 2% 6E Rewards on other spends.

8. 811 DreamDifferent Credit Card

• Earn 2 reward points for every Rs. 100 spent on online shopping
• And 1 reward point for every other Rs. 100 spent.

9. PVR Kotak Platinum Credit Card

•  Earn 15% cashback on food and beverages at PVR
• and 5% cashback on movie tickets at PVR Box Office.

10. PVR Kotak Gold Credit Card

• Earn 15% cashback on food and beverages at PVR.
• And 5% cashback on movie tickets at PVR Box Office.

How To Earn and Redeem Kotak Mahindra Bank Credit Card Reward Points?

There are different ways through which one may redeem credit card reward points. Points can be exchanged for cashback as statement credits, used to shop for merchandise with partner companies or transferred to loyalty programs of restaurants, hotels or airlines where they hold higher values.
Furthermore, e-vouchers may be obtained by converting the same while miles from various airlines could be accrued and utilised towards the purchase of tickets for travel discounts. It is important that you know what works best for you based on how often you spend and under what terms the card operates so as to maximise its benefits.

Net Banking

• Log in with your CRN / Username / Card number & password to Kotak Net Banking.
• After logging in, check and redeem your existing reward points.

Mobile Application

• Download the Kotak Mobile Banking application via the Apple App Store / Google Play Store.
• Enter your login details to view and redeem your reward points.

Offline Methods

• Redeem your credit card reward points for shopping at partner merchants.
• Ask the cashier to redeem your points at their terminal and pay any remaining balance by cash/card.

Kotak Mahindra Bank Credit Card Eligibility Criteria

Each card provider establishes unique requirements which have to be fulfilled by those who want to qualify for its product.. Below are the general conditions that an applicant must satisfy:

• Applicants must be at least 21 years old.
• Applicants should have a stable source of income, either salaried or self-employed.
• Applicants must have a decent credit history, particularly for unsecured credit cards.

Documents Required

To apply for a Kotak Mahindra Bank Credit Card, ensure you have the following documents ready. You can keep scanned copies for online applications or photocopies if you plan to visit the nearest branch:

Identity Proof (any one):

• Aadhaar Card
• Driving License
• Voter ID
• PAN Card
• Passport
• Any other government-approved ID

Address Proof (any one):

• Aadhaar Card
• Passport
• Utility Bills (not more than 3 months old)
• Any other government-approved ID

Income Proof (any one):

• Bank Statement or salary slip of the last 3 months
• Last 2 years’ audited financial report

Kotak Mahindra Bank Credit Card Annual Fees and Charges

Here’s the complete report on Axis Bank Credit Card annual fees for its customers:

1. Privy League Signature Credit Card:

Annual Fee:	Rs. 2500 + GST
Renewal Fee Waiver Condition:	Spend Rs. 5 lakhs in the preceding year

2. Zen Signature Credit Card:

Annual Fee:	Rs. 1500 + GST
Renewal Fee Waiver Condition:	Spend Rs. 1,50,000

3. Royale Signature Credit Card:

Annual Fee:	Rs. 999 + GST
Renewal Fee Waiver Condition:	Spend Rs. 1,00,000

4. League Platinum Credit Card:

Annual Fee:	Rs. 499 + GST
Renewal Fee Waiver Condition:	Spend Rs. 50,000

5. 6E Rewards XL – Indigo Kotak Bank Credit Card:

Annual Fees:	Rs. 1,500 + GST
Renewal Fee Waiver Condition:	NIL

6. Essentia Platinum Credit Card:

Annual Fees:	Rs. 749 + GST
Renewal Fee Waiver Condition:	NIL

7. 811 DreamDifferent Credit Card:

Annual Fees:	NIL
Renewal Fee Waiver Condition:	NIL

8. PVR Kotak Platinum Credit Card:

Annual Fees:	Rs. 999 + GST
Renewal Fee Waiver Condition:	NIL

9. PVR Kotak Gold Credit Card:

Annual Fee:	Rs. 499 + GST
Renewal Fee Waiver Condition:	NIL

Other Fees & Charges

In addition to the annual fee, it’s important to consider other charges such as the interest rate, foreign currency markup fee, cash advance fee, and late payment charges before selecting a credit card. Below are some key charges applicable to Kotak Credit Cards:

Interest Rate:

•  2.49% per month on the Privy League Signature Card
•  3.4% to 3.5% per month on all other cards

Cash Advance Fee:

• Rs. 300 for every Rs. 10,000 withdrawal

Forex Markup Fee:

• 2% on the Privy League Signature Card (paid variant)
• 3.5% on all other cards

How To Activate Kotak Mahindra Bank Credit Cards?

Steps for Activating a Credit Card through Net Banking:

• Step 1: Go to Kotak Mahindra Bank’s official website (https://www.kotak.com/).
• Step 2: Sign in using your details.
• Step 3: Locate your net banking account.
• Step 4: Key in your credit card number and complete all mandatory fields.
• Step 5:  Double-check the information you have provided.
• Step 6: Click on the “Submit” button.
• Step 7: You will receive an OTP on your registered mobile number.
• Step 8: Input the OTP and then proceed with other instructions as may be provided afterwards.

Steps for Activating a Credit Card through Mobile App:

• Step 1: Download Kotak Mahindra Bank’s app from Google Play Store or App Store (for android or ios respectively).
• Step 2: Sign up for your account on this app.
• Step 3: Navigate to the “Credit Card” category within the app.
• Step 4: Input the number of your newly acquired credit card.
• Step 5: Fill in all required fields appropriately.
• Step 6: Recheck filled details for accuracy, then submit them by tapping the “Submit” button at the bottom of the page.
• Step 7: An OTP will be sent to your registered mobile number. Input it when prompted
• Step 8: Follow any other further instructions given after entering OTP to activate your card successfully.

Kotak Mahindra Bank Credit Cards Login/Net Banking

Steps to Register for Kotak Mahindra Net Banking:

In order to get any information or seek any service related to your card, the bank customer must register with the net banking facility. The clients of Kotak Mahindra Bank shall do as directed below if they wish to enroll for internet-based financial services.

Online application

• Step 1: Go to this Kotak Mahindra net banking link – https://netbanking.kotak.com/knb2/ 
•  Step 2: Click on Need Help, then select Register Kotak Net Banking
•  Step 3: This will take you to the Kotak Mahindra Bank Registration & NetBanking page
•  Step 4: Type in your customer relationship number (CRN), which can be found on the back of your credit card and click the Continue button.
•  Step 5: Enter details of registered phone number or email address alongside other information such as First/Last Name, Gender, Date Of Birth, and Address Location while filling out the credit card details provided earlier.
•  Step 6: Choose ‘generate password via credit card’ after filling up all required credit card information
•  Step 7: More credit card details will be needed here i.e., Card Number, CVV, Expiry Date and Card PIN. Then click the Continue button.
•  Step 8: Set a 6-digit password, which is to become the one for your Kotak Mahindra Bank Credit Card, then re-enter it.
•  Step 9: A message appears on the screen confirming that your password has been reset.

Offline Registration:

Kotak Mahindra Bank customers can register for net banking through the following methods:

• Phone Banking: Call 1860 266 2666 or +91 22 6600 6022.
• Branch Visit: Fill and submit a “Channel Access Request form” at any Kotak Mahindra Bank branch or branch ATM.
• Post: Send the filled form to Kotak Mahindra Bank Ltd., Post Box Number 16344, Mumbai 400 013.

How to Login to Kotak Bank Credit Card Net Banking:

• Step 1. Visit the Kotak Mahindra net banking site- https://netbanking.kotak.com/knb2/
• Step 2. Enter your username and password created during registration.
• Step 3. Click on ‘Login’.
• Step 4. You will receive a One Time Password (OTP) on your registered mobile number or email.
• Step 5. Enter the OTP to validate and access the net banking homepage.

How To Compare Kotak Mahindra Bank Credit Cards & Choose The Best One?

Kotak Mahindra Bank in India has a bunch of credit cards that are like keys to different doors—each opening up to its own set of perks. Whether you’re into movies, love dining out, spend a lot on fuel, or travel frequently, there’s something for everyone. These cards come packed with benefits from cashback and discounts at your favorite spots to exclusive access at airports.

1. Understand Your Goal: First off, think about why you need this card. Is it for catching the latest flicks on big screens or maybe jet-setting comfortably? Or perhaps you’re looking for deals when shopping with specific brands?

2. Compare Those Benefits: Dive into what each card offers. Are you interested in cash back every time you swipe? Discounts that make paying almost feel good? Maybe even those fancy lounge entries that let you escape airport chaos? Analyse which one suits your lifestyle best. 

3. Look at Partners: Check if your go-to shops or brands team up with these cards because who does not love scoring points while buying groceries or buying new shoes?

4. Review the fee structure: Nobody likes fees, so peek closely at what it will cost annually and pick one where fees don’t nibble away too much from your savings.

5. Check Eligibility: Make sure all boxes are ticked so eligibility isn’t an issue before setting sights on any credit card.

Conclusion

Kotak Mahindra Bank offers a wide array of credit cards designed to cater to diverse needs, from travel and dining to shopping and entertainment. Kotak Bank understands that everyone has different preferences, so cards are carefully considered for factors like rewards, fees, eligibility criteria, and specific card benefits to offer you a credit card that perfectly matches your lifestyle and financial goals. Whether you want premium perks or practical everyday rewards, Kotak Mahindra Bank has got you covered.

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