Kotak Credit Card: All You Need to Know
he number of credit card users across the world is increasing by the day and with Digital India taking off, more and more Indians are also applying for credit cards today. Kotak Mahindra is one of the best credit card providers and one of the pioneers in the Indian private banking sector. It is the first non- banking finance company to be converted into a bank. The credit cards from Kotak Mahindra offer a wide range of deals on spectrums like shopping, dining, entertainment, corporate organizations and with their special NRI credit cards.
What are the Kotak Credit cards offers?
There are a wide range of offers and facilities to be enjoyed by Kotak and the cards have been carefully designed and curated to meet every aspect of the client’s lives and the enhance it further. The card is sure to bring a great transformation in one’s lives for the better. There are cards specifically meant for shopping, dining, travel, and entertainment. Organizations can opt for credit card facilities for their employees as well. The cards allow saving on retail chains and also on shopping utility items of daily needs. There is five times more awards to be availed for apparel shopping. The customers stand a chance to enjoy 2.5% fuel surcharge waiver at petrol stations across India. Reward points would be added for every retail purchase and one could end up to saving 10% at grocery and departmental stores. One can also earn free vouchers each month for both instore and outstore spending on Easyday. Moreover, the rewards points that are earned could be redeemed on a host of exciting options.
What are the benefits of Kotak Credit Cards?
The wide range of benefits that one can apply with Kotak is truly phenomenal and they are more than any other card offerings in the country. There are a wide range of payment options to be enjoyed and that makes credit card bill repayment really hassle free. One can use a variety of options from WebPAY, IMPS, phone banking, net banking, Over the Counter, via cheque, auto-debit, NEFT or VISA Payment.
All the bills can be managed together with the help of Kotak BillPay: This is a great option for paying utility bills like paying electric bills, telephone bills, cellphone bills, insurance premium, recharging of prepaid mobile phones, DTH account recharge, magazine subscriptions and many more. Moreover, one could enjoy peace of mind with Kotak Chip and PIN Cards as well. The cards are all encrypted and the security of all the transactions the clients make are enhanced with Kotak’s tange of Chip and PIN Cards. These EMV chips and PIN cards are the latest standard in global payments and are valuable safeguards against skimming and credit card frauds. One can also shop online in a safe and secure manner with VISA and Mastercard variants. Both are secured by VBV or Verified for Visa and the Mastercard Secure Code, making online shopping extremely secure.
What is the process of Kotak Credit Card Application?
Kotak Credit Cards can be applied for both online and offline. One could visit the official website at www.kotak.com to apply for the card. The “Cards” section is on the left side of the page and there one can click on Credit Cards. After going through the general rules and regulations, one can click on the card that best suits the requirements. There is also an option to compare between all the various cards so that one can make an informed decision. The cards are divided into six categories like shopping, lifestyle privileges, dining and entertainment, for NRIs, for corporate banking, and others. According to what one wants, the applicant can apply for the card of their choice by hitting the ‘Apply Now’ option. Next, some details would be asked like First Name, last Name, Email id, Mobile Number, Date of Birth, Employment Details, Residence City, Residence Pin Code and Net Income Per Month. The banks will next check the eligibility of the applicant based on which it will decide whether the applicant would be granted their cards or not. On the other hand, one could also visit any Kotak Mahindra bank Branch and apply for the credit card only. A copy of the form has to be duly filled and signed for the next stage of approval.
How to Check Kotak Credit Card eligibility?
To be eligible to apply for a Kotak Credit Card, the card holder must be 18 to 65 years of age and must be a resident of India. A good credit score is an added advantage but the income requirement of each card would vary depending on its various clauses.
Types of Kotak Credit Cards:
There are a number of credit cards by Kotak:
- The Lifestyle credit cards: They allow the card holder to travel in comfort with VIP lounge access at over 600 airports. It also gives the user to avail free movie tickets with each spending and the chance to earn 10 times rewards with Shopper or Traveler’s Reward Earning Plan.
- The Dining and Entertainment range of cards: They give the card holder access to PVR movie tickets and dining points can be earned which can be redeemed for a host of benefits. A 2.5% waiver on fuel surcharge at petrol pumps across India can be availed as well as 10% cashback on spending on dining and movies round the year.
- The NRI Credit Cards: They offer the chance to earn 2 times reward points on spending outside India. Reward points can be redeemed for a host of options like Airmiles, movie tickets, cash and more. One can enjoy the convenience of paying for international purchases, dining and travel in INR and fuel surcharge waiver as well. It is possible to save up to 1.8% on railway bookings, made via IRCTC and up to 2.5% on bookings made at the Indian Railways Booking Counters. The NROI Royal Card benefits could be extended to Add- On cards.
- Corporate Credit Cards: These cards are accepted worldwide with over 10 million merchants. Easy redemption of reward points and surcharge waiver on railway booking with Kotak card is an added benefit. Interest free credit period of 48 days could be availed on a range of cards, along with ease of expense tracking with consolidated statement and payment.
Brose though the website to know about all the cards under these categories in details.