Kotak White Credit Card

The key highlights of the Kotak White credit card, one of the Best Travel Credit Cards, are as follows: 

Simple Milestone Structure 

• Earn White Pass value up to Rs. 27,000 each year on annual spends of Rs. 12 Lakhs under Kotak White Credit Card Reward Programs.
• No need to calculate points. 
• Earn direct White Pass value on crossing spend milestones.
• The annual fee of Rs. 3,000 + GST is waived for minimum annual retail spends of Rs. 5 Lakhs. 

Welcome Benefit 

• Earn White Pass value of Rs. 1,500. 
• Offer applicable on spending Rs. 30,000 within 60 days from card set-up.

Premium Redemption Catalogue 

• 1 White Pass = ₹1 on White Pass catalogue
• 1 White Pass = ₹0.70 for cashback.
• Redeem White Pass balance against luxury brands including Satya Paul, Armani Exchange, Jimmy Choo, Michael Chors, Tanishq, Titan Eye+, Hamleys, Taj Experiences, The Body Shop, Amazon, etc.

Airport Lounge Access 

• This one of the best Airport Lounge Credit Cards offers an Annual Priority Pass membership worth $99. 
• VIP access to over 1300 airport lounges across 148 countries with Priority Pass.
• 4 complimentary international airport lounge access annually, powered by Priority Pass.
• 8 complimentary visits annually (2 per quarter) at select airport lounges across India.

Surcharge Waiver

• If you are looking for Fuel Surcharge Waiver Credit Cards, this card offers 1% fuel surcharge waiver across all petrol pumps in India on transactions between Rs. 500 and Rs. 7,500. Maximum waiver available is Rs. 3,500 in a calendar year.
• Save 1.8% to 2.5% on booking a ticket on www.irctc.co.in or at railway counters. Maximum waiver available is Rs. 500 in a calendar year.

Other Benefits

• Convert any of your purchases above Rs. 2,500 into easy Equated Monthly Instalments (EMI). For the complete Credit Card EMI Guide, you can visit the official website of the bank.
• Avail of complimentary add-on cards for your loved ones with an option to set spending limits as per their needs.
• 3 months interest-free period on transferring all other outstanding credit card balances to Kotak Mahindra Bank (White Credit Card processing fee of Rs. 349 + service tax per Rs. 10,000).

Various charges associated with the Kotak White Credit Card are listed below:

• Joining fee: Rs. 3,000 + GST.
• Annual fee: Rs. 3,000 + GST; Waived on minimum annual retail spends of Rs. 5 Lakhs. For the Credit Card Fee Waiver Guide, you may contact the customer care team of the bank.
• Foreign currency transaction markup/ dynamic currency conversion fee: 3.50%.
•  Finance/ interest charges: 3.50% p.m. (42% p.a.).
• Cash advance fee: 2.5% of the advance amount, minimum Rs. 500. 
• Late payment charges: Up to Rs. 1,300, depending on the outstanding balance amount.
• Overlimit charges: Rs. 500 (if overlimit amount is Rs. 500 or above).
• Cheque return fee: 2% of bounce amount, minimum Rs. 500.
• SI failure/ NACH, ECS, auto debit return fee: 2% of bounce amount, minimum Rs. 450 & maximum Rs. 5,000.
• Fee for cash payment at branches: Rs. 100.
• Card replacement fee for lost & damaged cards: Rs. 100 per card. 
• Image card fee: Rs. 99 or Rs. 199 per image card.
• Fee on rent payments: 2% of the transaction amount + GST.
• Fee on utility spends: 1% on cumulative utility spends exceeding the threshold per statement cycle.
• Transaction fee on education payment: 1% on all education payments made via third-party apps.
• Fee on wallet loading: 1% on cumulative wallet loading spends exceeding Rs. 10,000 per statement cycle.
• Fee on online skill-based gaming: 1% on cumulative online skill-based gaming spends exceeding Rs. 10,000 per statement cycle.
• Credit limit increase processing fee: Rs. 100.
• GST/ applicable taxes: Charged as per the rates approved in the Finance Act every year on all interest, fees and other charges levied on your card.

Below are the basic Kotak White Credit Card eligibility criteria:

• Age of primary credit card holder: 28 to 60 years.
• Age of add-on credit card holder: 18 years or above.
• Location: Ahmedabad, Chandigarh, Bangalore, Chennai, Delhi (including Noida and Gurgaon), Mumbai, Pune, Hyderabad, and Kolkata.
• Income: Rs. 25 Lakhs per annum or above.

• A person who wants to earn attractive rewards through White Pass on crossing spend milestones.
• A person who wants Credit Cards with Priority Pass offering complimentary international and domestic airport lounge visits.
• A person who wants a medium-range credit card with lifestyle and travel benefits with an annual fee waiver.

Here is the list of documents commonly required to apply for the Kotak Credit Cards:

• Recent passport-sized photographs
• Identity Proof (Any One)
  • Aadhaar Card
  • Passport
  • PAN Card
  • Voter ID Card
  • Driving Licence
• Address Proof (Any One)
  • Passport
  • Aadhaar Card
  • Driving Licence
  • Utility bills (electricity/ telephone bill not older than 3 months)
  • Ration Card
• Income Proof 
  • For salaried: Salary slips for the last 3 months, latest Form 16, and bank statements for the past 3 months
  • For self-employed: Audited financial reports for the last 2 years and Income Tax Return (ITR) filing proof

Below is the comparison between the Kotak White credit card and premium credit cards of other top banks:

You can apply for the Kotak White Credit Card online by following the below-mentioned steps:

• Go to the official website of Kotak Mahindra Bank and open the Credit Cards page.
• Search for the Kotak White Credit Card option and apply for the card.
• Fill out the online application form by mentioning your personal, professional, and income details.
• Upload the digital copies of required KYC and income documents.
• Complete the VKYC verification when prompted to finalise your submission.

Pros

• White Pass value up to Rs. 27,000 each year.
• Annual fee waived on minimum annual retail spends of Rs. 5 Lakhs. 
• White Pass balance can be redeemed against luxury brands including Satya Paul, Armani Exchange, Jimmy Choo, Michael Chors, Tanishq, Titan Eye+, Hamleys, Taj Experiences, The Body Shop, Amazon, etc.
• Annual Priority Pass membership worth $99 with VIP access to over 1300 airport lounges across 148 countries with Priority Pass.
• 4 complimentary international airport lounge access annually, powered by Priority Pass.
• 8 complimentary visits annually (2 per quarter) at select airport lounges across India.
• 1% fuel surcharge waiver across all petrol pumps in India. 
• 1.8% to 2.5% savings on booking a ticket on www.irctc.co.in or at railway counters.

Cons

• White Pass value up to Rs. 27,000 can be earned by spending at least Rs. 12 Lakhs annually.
• The welcome benefit of White Pass value of Rs. 1,500 can be availed on spending Rs. 30,000 within 60 days from card set-up.
• White Pass value resets to zero each year on the card anniversary date (with a short 90-day claim window).

Any person who is looking for a mid-range lifestyle/ travel credit card, earns at least Rs. 25 Lakhs annually, spends heavily, needs complimentary airport lounge visits across the world, prefers luxury brand rewards through White Pass values, and fulfils the specific eligibility criteria should apply for the Kotak White Credit Card.

To reach the Kotak White Credit Card customer care team, you can:

• Call: 1800 4100 (toll-free) for your Banking needs, complaints and resolution. 
• Email at: customersupport@kotak.com if you don't find a solution for your queries.