In this post you will get to know about some of the most popular credit card that Kotak Bank provides, what are the eligibility criteria to apply, fees and charges, benefits, customer service, how to redeem rewards points and how to cancel a credit card.
There are total 27 types of credit card that Kotak Bank provides as of now, however some of them are on invitation basis. Let's explore some of the most popular credit card of kotak bank and their benefits as well as charges.
- Urban gold
Urban gold credit card is one of the basis credit card of kotak bank even though you will not get Premium benifits in this card, this card is best if you don't want to pay heavy annual fee. you can enjoy this card with limited benifits.
Joining fee - 0
Annual fee - 199+GST
- Fuel surcharge waiver - No❌
- Railway surcharge waiver - No❌
- Annual fee waiver - yes ✅ (waived at an annual spend of 15,000 or more)
- Add-on card benefits - yes ✅
- Airport launch access - ❌
On every retail spend of ₹100 you will get 3 reward points and 1000 reward points = ₹100. To redeem reward points visit www.kotakrewards.com
Milestone - on annual spend of ₹1,00,000 you will get 4 PVR movie tickets or 10,000 reward points
League platinum
League platinum credit card is better than urban gold having some extra benefits.
Joining fee - 499/Nil
Annual fee - 499+GST
- Fuel surcharge waiver - yes ✅
- Railway surcharge waiver - yes ✅
- Annual fee waiver - yes ✅ (waived at an annual spend of 50,000 or more)
- Add-on card benefits - yes ✅
- Airport launch access - ❌
8 rewards point on every spend of 150 rupees on special categories like travel agencies, tour operators, airlines and air carriers, electric, durables goods and departmental Store. And 4 rewards point on others.
There will be no reward points on transaction for fuel and railway.
Milestone
Spend ₹1,25,000 every 6months & get 4 PVR tickets or 10,000 reward points
Mojo credit card
As compared to previous two mojo credit card provides you more reward point value. If you redeem your mojo points by calling the customer service help line (1860266266) then 1mojo points = 40 paise which is 4 times greater than previous two cards.
Joining fee - ₹1000
Annual fee - ₹1000
- Fuel surcharge waiver - yes ✅
Transaction should be between ₹500 rupees to ₹3000 and maximum ₹3500 waiver is allowed in a calendar year.
- Railway surcharge waiver - yes ✅
Maximum₹500 can be waived in a calendar year.
- Annual fee waiver - yes ✅ (waived at an annual spend of ₹100,000 or more)
- Add-on card benefits - yes ✅
- Airport launch access - ✔️ ( Domestic only)
8 Airport launch access per annum, 2 visits per quarter on domestic and international terminals in India only.
Priority attend
At any time you want to speak to a customer service executive, instead of calling to the help line you can simply get a call back from their end within half an hour by sending a SMS "KASSIST" to 5676788
How to redeem Reward point ?
- To redeem your reward points visit www.kotakrewards.com you need to login there by your CRN number and OTP after successful login you can redeem your point for cash which will credit back to your credit not to your savings account or can recharge mobile or you can do shopping using your reward points.
- Reward points can also be redeemed by kotak's mobile app and net banking.
- Mojo credit card holder can also redeem their points by call to customer care.
Eligibility criteria
- Applicant should be a resident of India
- Primary card holder should come under the age bracket of 21 to 65 and add-on card holder should be 18 or more
- Annual income of 3 lakh or more
Fees and charges
Over limit change - ₹500 + GST
Late payment fee -
- ₹100 + GST (if outstanding is less than 500)
- ₹500 + GST (if outstanding is between 500 to 10,000)
- ₹700+ GST (if outstanding is more than 10,000)
In addition there is 0.11% interest charge per day + GST unless you are not making the payment.
ATM withdrawal change - ₹300 + GST per 10,000
👉Do remember that if you are paying minimum amount due before due date then there is no late payment charge however there is interest charge of 0.11% per day upon total amount due + GST
How to cancel
Before giving a request to cancel your credit card make sure there is no EMI running in your card and the outstanding should be zero. If everything is fine then contact to the Customer service help line number - 18602662666 and politely tell them to take a cancellation request and collect the request number. After successfully request taken you credit card will be cancelled in 5 working days.
