Kotak Mahindra Bank was founded by Uday Kotak in the year 1985. The headquarters of Kotak Mahindra Bank is in Mumbai. In the year 1986, the name of the Bank was changed to Kotak Mahindra Finance Limited. The licence was issued to the finance company to carry on banking business in the year 2003 by the Reserve Bank of India. It has a network of 2169 ATMs and 1369 branches across the country. In the year 2018, it stood to be the second largest private bank in India. In the year 2015 Kotak Mahindra Bank took over Ing Vysya Bank.
Kotak Mahindra Bank deals with mobilisation of deposits, investment financing, financing against securities, corporate finance, bill discounting and retail finance. They also deal with credit cards and they have a wide variety of credit cards to suit the requirement of customers from every income sector.
Owning a credit card is a financial requirement to handle your day to day expenses and it is no longer a status symbol. Kotak Mahindra Bank has credit cards to suit a range of expenses like shopping, travel, dining, movie tickets etc. The rewards and discounts that come with the range of cards can literally lure you into owning the cards.
The following are the types of Kotak Mahindra Bank Credit Card.
Additional Reading: What is credit score?
The benefits of Kotak Mahindra Bank Credit Card are as mentioned below:
The detailed features of Kotak Mahindra Bank Credit Card are as detailed in the table below.
The Royal Signature Credit card benefits mention below:
The Urbane Gold Credit Card benefits mention below:
The League Platinum Credit Card benefits mention below:
The table below shows the details of the rewards of Kotak Mahindra Bank Credit Cards
|Name of the card||Rewards||Special Rewards|
|Royal Signature Credit Card|
|Urbane Gold Credit Card|
|PVR Gold Credit Card||No special rewards.|
|League Platinum Credit Card|
|Privy League Signature Credit Card|
|PVR Platinum Credit Card|
|No special rewards|
|Essentia Platinum Credit Card|
|Aqua Gold Credit Card||Nil|
|Fortune Gold Credit Card|
in a year.
|Delight Platinum Credit Card|
|Solaris Platinum Credit Card|
|Privy League Signature Credit Card|
|Silk Inspire Credit Card|
|Corporate Wealth Signature Credit Card|
|NRI Royale Signature Credit Card|
|Corporate Platinum Credit Card|
|Feast Gold Credit Card|
|Corporate Gold Credit Card|
The card fee details of Kotak Mahindra Bank Credit Card is as given below:
|Name of the card||Joining Fee||Annual Fee|
|Royal Signature Credit Card||Nil||999/- (waived on annual spends of 1/- lakh|
|Urbane Gold Credit Card||Nil||199/- (waiver permitted on annual spends of 15000/-)|
|PVR Gold Credit Card||Nil||499/-|
|League Platinum Credit Card||500/-||499/- (waived on annual retail spends of 50000/- in a year)|
|Wealth Management Infinite Credit Card||Nil||Nil|
|Privy League Signature Credit Card||Nil||Nil|
|PVR Platinum Credit Card||Nil||999/-|
|Essentia Platinum Credit Card||1499/-||749/-|
|Aqua Gold Credit Card||Nil||Nil|
|Fortune Gold Credit Card||Nil||Nil|
|Delight Platinum Credit Card||1999/-||299/-|
|Solaris Platinum Credit Card||500/-||500/- (waived on annual spends of 75000/-)|
|Privy League Signature Credit Card||Nil||2500/-(waived on maintaining Insignia Banking Relationship or on annual spends of 5.00 lakhs the previous year)|
|Best Price Credit Card||Nil||Nil|
|Silk Inspire Credit Card||599/-||599/- (waived on annual spends of 125000/-)|
|Corporate Wealth Signature Credit Card||Nil||Nil|
|NRI Royale Signature Credit Card||Nil||1000/-|
|Corporate Platinum Credit Card||Nil||999/-|
|Feast Gold Credit Card||Nil||499/-|
|Corporate Gold Credit Card|
|Add-on Card||299/- per add-on card|
The charges details of Kotak Mahindra Bank Credit Card are as given below:
|Name of the Charge||Amount|
|Interest on the outstanding balance of the card||Up to 3.5% p.m.|
|Cash withdrawal/cash advance/funds transfer charges||300/- for every 10,000/-|
|Charges for drawings above the limit||500/-|
|Cheque bounce charges||500/- per instance|
|Foreign currency mark-up fee||Up to 3.5%|
|Charges for cash payment at branches||100/-|
|Card replacement charges||100/-|
|Copy of Cibil report||50/-|
Additional Reading: How to read cibil report?
Steps to Apply for the Card through the Banks Official Website
If you are a new customer you have to follow the following steps to apply for the card online.
If you are an existing customer you will have to follow the following steps:
Steps to apply for the Credit Card through MyMoneyMantra
You should make use of the digital platform provided by MyMoneyMantra for applying for the card.
To apply for the card off -line you have to visit the nearest Kotak Mahindra Bank branches and apply for the credit card by submitting the relevant documents.
The following are the criteria that have to be complied with to qualify for Kotak Mahindra Credit Card.
Additional Reading: Check minimum cibil score for credit card
The following documents are required for Kotak Mahindra Bank Credit Card.
Additional Reading: How to increase cibil score fast?
The credit card bill payment can be made in the following ways:
Additional Reading: Top credit rating agencies in India
You can contact the Customer Care Helpline for any queries on Credit Card by calling the following numbers:
Know how good your score is
Get insights on how to improve it
Unlock offers as per your score
Earn max rewards & redeem for cash back, value back offers, discounts & exclusive deals.
Essentia chip is Visa Chip Card designed for high income and high net worth individuals.
The interest-free period available is 48 days.
The PVR coupon for one billing cycle can be claimed within the next two billing cycles.
You have to send an SMS PVRKCC space the first letters of the month to 5676788 from
your registered mobile number. Once the SMS is sent, an email with coupon number will
be sent to your registered mobile number and the registered email ID.
You can also get the coupon codes through internet banking facility with Kotak Mahindra
Bank.You can check the Yes Bank Credit Card limit by using the Internet banking facility
You should first report the loss of the card by calling the customer care number 1860-
266-26666 and get the card deactivated.
Thereafter you have to register the claim following the following steps:
Both primary cardholder and the add-on cardholder have the insurance cover.
You can ch You can register for E-statement facility by sending SMS Green to 5676788 or through
net banking facility or register by calling customer care on 1800 266 26666.eck the status of the Yes Bank Credit Card by visiting their official website and entering the 13 -digit reference number that would be sent to your registered mobile number. Alternatively, you can call the customer care on 1800-103-1212 to get the status.
Solaris Platinum Credit Card is specially designed for online transactions.
No, Corporate Gold Credit Card is not enabled for cash withdrawal facility.