Credit Card

Kotak Mahindra bank has a range of credit cards in its bouquet of cards. There are different categories of cards and each category is further subdivided into a range of cards. Let us take a look:

TYPES OF KOTAK MAHINDRA BANK CREDIT CARDS

  • Shopping Cards – cards that are exclusively designed to offer additional rewards on shopping. The cards under this category are:
  • Silk Inspire Credit Card - card especially for women shoppers with a range of benefits which include reward points on spending, exclusive offers on spending, dining, travel, entertainment, etc., fuel surcharge waiver, a cover of Rs.75, 000 in case of theft against fraudulent usage, an additional add-on card, 4 free PVR movie tickets or 1000 reward points in a year if there is a spending of Rs.1,25, 000 every half year. The reward points can be redeemed against cash, airline tickets, air miles, movie tickets, etc.
  • Urbane Gold Card – a card which offers reward points on every spend, a cover of Rs.50, 000 in case of theft against fraudulent usage, an additional add-on card, 4 free PVR movie tickets or 10, 000 reward points in a year if there is a spending of Rs.1, lakh in the previous year. The reward points can be redeemed against cash, airline tickets, air miles, movie tickets, mobile recharge and branded merchandise.
  • Essentia Platinum Credit Card – another shopping related credit card which offers 10% discount on grocery spending or spending at departmental stores in the form of saving points which can be redeemed against cash, a priority basis assistance to customers, an additional add-on card, 6 free PVR movie tickets or 1200 reward points in a year if there is a spending of Rs.1.25 lakhs in the previous 6 months. The saving points can be redeemed against cash, airline tickets, air miles, movie tickets, mobile recharge and branded merchandise.
  • Easyday Titanium Card – a card which promises accelerated reward points on shopping at Easyday stores, instant Easyday vouchers on card swipes of values Rs.2000 and Rs.3000, an additional add-on card, ease of converting purchases above Rs.3000 into EMIs, security through MasterCard Secured Code, a cover of Rs.75, 000 in case of theft against fraudulent usage and SMS alerts for every transactions.
  • Easyday Silver Card – a card similar to the Platinum version with accelerated reward points on shopping at Easyday stores, instant Easyday vouchers on card swipes of values Rs.2000 and Rs.3000, an additional add-on card, ease of converting purchases above Rs.3000 into EMIs, security through MasterCard Secured Code, a cover of Rs.25, 000 in case of theft against fraudulent usage and SMS alerts for every transactions.

Cards

Joining Fee

Renewal Fee

Finance Charges

Add on card charges

Essentia Platinum Credit Card

 

Rs.1499/-

Rs.749/-

3.40% P.M

Rs.299/-

Feast Gold Credit Card

 

Rs.499

Rs.499

3.50% P.M

Rs.299/-

League Platinum Credit Card

 

Rs.499

Rs.499

3.50% P.M

Waived

Silk inspire credit card

 

 Rs.599

Rs.599

3.50% P.M

 

Kotak Mahindra Bank Lifestyle Cards

Cards that provide lifestyle offers and benefits. The range of credit cards under this category and their respective benefits are mentioned below:
 

  • Wealth Management Infinite Credit Card – a ‘By Invitation’ card which is available for the Wealth Management clients of the bank only. The card comes in a personalized version with the image of the cardholder on the face of the card. The benefits include a higher credit limit of Rs.10 lakhs which can also be increased, access to international events with privileges like preferred seating, champagne reception, after event party invitation, etc., complimentary golf rounds at best golf courses worldwide, 2 complimentary movie tickets every month, 4 complimentary visits to domestic air[port lounges every quarter, insurance coverage on the card worth Rs.5 lakhs and emergency card replacement anywhere in the world.
  • Royale Signature Card – a premium card with premium benefits which include reward points on spending which can be redeemed against air tickets, mobile recharge, merchandise or cash, complimentary visits to airport lounges worldwide through the Priority Pass program, complimentary access to domestic airport lounges with facilities including gourmet meal, comfortable seating, widescreen TV, newspaper and magazines, free Wi-Fi, etc., Taj Epicure Plus membership which gives exclusive rewards on dining or stay at the Taj Hotels and Resorts, , a cover of Rs.2.5 lakhs in case of theft against fraudulent usage and SMS alerts for every transactions, priority based assistance to customers through the KASSIST program, fuel surcharge waiver on transactions between Rs.500 – Rs.3000, 1.8% railway surcharge waiver, a free add-on card, makemytrip vouchers worth Rs.10, 000, 25% discount at Taj Restaurants and Bars and Priority Pass access as joining gifts. The Reward points can be redeemed against cash, airline tickets, air miles, movie tickets, mobile recharge and branded merchandise.
  • Privy League Signature Card – a card with an integrated Traveler’s Plan and Shopper’s Plan for individuals who spend more on shopping or travel. The relevant plan can be chosen by the customer and the benefits include reward points on travel related spending under the Traveler’s Plan variant and reward points on shopping under the Shopper’s Plan variant. The reward points can be redeemed against air tickets, mobile recharge or branded merchandise. Other benefits include Taj Epicure Plus Membership through which the customer can save 25% at the Taj Hotels and Resorts, 4 complimentary PVR movie tickets every quarter, complimentary Priority Pass membership which enables access to airport ;lounges across 600 international airports worldwide, a surprise gift on the cardholder’s birthday, a host of concierge services, fuel surcharge waiver on transactions between Rs.400 – Rs.4000, 1.8% railway surcharge waiver, ease of converting big purchases into easy EMIs, balance transfer facility, free cheque pick-ups for bill payments, priority based assistance to customers through the KASSIST program, facility of blocking cards against fraud, emergency travel assistance, lost card fraud protection up to Rs.1 lakh.
  • League Platinum Card – a card with a host of benefits which includes reward points on spending, movie vouchers worth Rs.500 on joining, priority based assistance to customers through the KASSIST program, fuel surcharge waiver on transactions between Rs.500 – Rs.3000, 1.8% railway surcharge waiver, a cover of Rs.75, 000 in case of theft against fraudulent usage, an additional add-on card, 4 free PVR movie tickets or 10, 000 reward points in a year if there is a spending of Rs.1,25,000 every half year. The reward points can be redeemed against cash, airline tickets, air miles, movie tickets, etc.

Kotak Mahindra Bank Dining or Entertainment Card

Kotak Mahindra Bank Cards designed for dining or entertainment related offers. the variants are:
 

  • Kotak Pvr Gold Credit Cardcard offering 2 free PVR movie tickets every month. Other benefits include 1 additional movie ticket on spending Rs.15,000-month or above at PVR cinemas, a cover of Rs.50, 000 in case of theft against fraudulent usage and an additional add-on card.
  • Kotak Bank Pvr Platinum Card – an enhanced version of the earlier card with 2 free PVR movie tickets all-round the year if there has been a spending of RS.7500 in any monthly cycle, 1 additional movie ticket on spending Rs.750 or above at PVR cinemas, a cover of Rs.75, 000 in case of theft against fraudulent usage and an additional add-on card.
  • Kotak Delight Credit Card a dining related card with 10% cash back on dining and movies subject to certain terms and conditions, 2.5% fuel surcharge waiver on transactions between Rs.400 – Rs.4000, 1.8% railway surcharge waiver, 4 PVR tickets if there has been a spending of RS.1.25 lakhs in any half year, a cover of Rs.75, 000 in case of theft against fraudulent usage and an additional add-on card.
  • Feats Gold Card – another dining based credit card which gives 10 dining points on every Rs.100 spent on dining and movies subject to certain terms and conditions, balance transfer facility, a cover of Rs.50, 000 in case of theft against fraudulent usage and an additional add-on card. The reward points can be redeemed against cash, airline tickets, air miles, movie tickets, mobile recharge and branded merchandise.

Kotak Mahindra Bank Other Cards

Which include:
 

  • Kotak Mahindra Royale Signature Credit Card
  • Corporate Wealth Signature Credit Card
  • Corporate Platinum Card
  • Corporate Gold Card
  • Aqua Gold Card
  • Fortune Gold Card
  • Best Price Card

     
  • Credit card statement – At the end of every billing cycle, Kotak Bank sends out a monthly statement to the card user which contains a complete list of credit and debits that occurred on the card during the previous billing cycle. This document also contains the amount that needs to be paid to the bank in order to pay off current dues. Kotak Bank also provides their customers with access to a portal that allows online access to this statement.
     
  • Online payment – Kotak Mahindra credit card bill payment can be done online through net banking facility provided by the bank. The payments can be made through WebPAY, IMPS, Auto Debit, NEFT, and VISA Payment. Other payment options are Phone Banking, over the counter and cheque box.

Credit card safe usage tips:

Do’s
 

  • The customer should make sure at the time of receiving the Kotak Mahindra bank credit card, the welcome kit is in a sealed condition, otherwise he should call the customer care immediately.
  • The customer should immediately sign on the reverse of the Kotak Mahindra bank credit card.
  • The Kotak credit cards should be treated carefully as we care for our cash.
  • The loss of credit card should be immediately reported to the customer care of the bank.
  • The customer should make sure that the card is swiped only in his presence.
  • The mobile number of the customer should be updated and registered with the bank for instant transaction alerts.
  • The customer should inform any change of address or contact detail to the bank immediately.
  • If the customer notice any unrecognized transaction in his statement he should report it immediately to the Kotak customer care.
  • The customer should get himself registered to generate OTP (online transaction password) Through Verified by Visa (VBV) or Master Card Secure Code (MCSC) to obtain an extra safety layer in transactions. This code is in fact currently mandatory for carrying out any online transaction.
  • The customer should cut the card into four pieces before disposing it when the card is renewed/upgraded or cancelled.
  • The customer should get his card replaced if he has used the card in a country where the incidence of credit card fraud is high, if he is applying for a credit card he just needs to call up the Kotak customer care.

DONT’S
 

  • The customer should not handover his Kotak credit cards to anyone, even if the person claims to represent the bank.
  • The customer should not disclose his card number, expiry date and CVV number to anybody.
  • The customer should avoid using the Kotak credit cards on unsecure or unknown websites.
  • The cardholder must never write the card PIN on the card or on any other documents which are carried with the card.
  • The customer should not give a photocopy of the front and backside of the credit card, to anybody for any reason even if he is applying for a new credit card.
  • The customer should never access his account through Internet Banking using any public computers like those at cyber cafes.
  • The customer should never use the credit card on any unsecured websites which does not reflect a lock symbol. The lock icon indicates that the website is secured and is also applying an encryption technology for transmitting the sensitive data.
  • The customer should never fall victim to the mass emails or SMS bulks which ask for the credit card details.
  • The customer should never respond to any mails which asks for his personal details and is offering attractive schemes from any unknown callers. The customer should know that Kotak Mahindra Bank will never ask their customer to share the personal banking details.

The EMV CHIP AND PIN CARDs Explained
 

Kotak Mahindra credit card customers now can enjoy an extra protection and comfort with the KOTAK Visa chip credit card. The customer can now feel secure with the EMV chip and PIN card because this card is difficult to be tampered and it is also impossible to be copied. It also protects the card from fake use and scanning frauds.

What is a chip and PIN card?

New cards feature EMV, a new technology which is being used in credit and debit cards to enhance security and bring about a reduction in frauds and misuse of the card by anyone at the time of making any transactions where the card is present. It sets the global payment facility by reducing the risk of any misuse of the card.


The chip embedded in the card protects the Kotak bank credit cards from being scanned/cloned as in case of the magnetic strip card and the PIN protects the card from getting used in case you lose it.


What is a PIN?


PIN or the Personal Identification Number is a six digit number that the customer receives after seven days of receiving the chip card. The customer can further generate or change the PIN through net or mobile banking as well as Interactive Voice Response.


The PIN is very important for any POS use of the Kotak bank credit card like at fuel stations, supermarkets, departmental stores etc. and for the cash withdrawals at the ATM’s with the Kotak bank credit cards. The PIN number should not be shared with anybody and the customer should remember that the credit card ATM PIN is different from the debit card ATM PIN.


What to do with the old card(s)?


After you have received and activated the new card, the old card should be securely disposed off.


How do the new Chip and PIN credit cards work?


A Chip card works just like an ordinary card but with a new feature of a microchip being embedded in it.


The same is required to be inserted in the card reader at the time of making any transactions and it does not required to be swiped.


How does the credit card with Chip and PIN work?
 

  • The merchant at any outlet inserts the card into the card reader.

  • The merchant then inputs the payable amount into the machine. The card reader then prompts the customer to enter their PIN number.

  • Once the amount is verified the machine prints the receipt.

  • A signature is not required in case the PIN is used and verified.

How to use your Kotak Credit Card
 

  • When the customer makes the purchase at any merchant establishment, he should present the KOTAK Visa Chip Card to the merchant.

  • The merchant then will insert the credit card into the card reader and it will be visible to the customer till the transaction is complete. If the merchant establishment does not have the card reader, the card can still be used with the magnetic stripe.

  • The customer should himself enter the PIN only when the machine prompts to enter the PIN. The customer should never reveal the PIN to anyone. He should sign the charge-slip only after entering the PIN.

  • If the customer suspects something wrong and in case of any fraud the customer should contact the 24Hr customer care of the Kotak Mahindra Bank.

  • If the customer has applied for the international credit card then the limit assigned to the card should only be used at the international destinations. If the customer wants to reduce the limit then he should contact the 24Hr Customer care of the Kotak Mahindra Bank.

  • The credit limit is the total limit assigned to the card it includes the limit of the ADD-on card also.

Do’s for a KOTAK CHIP AND PIN CARD
 

  • The customer should make sure that his card is Chip and PIN based.

  • The customer should enter the PIN himself and then only should sign the charge-slip.

  • It has to be noticed that that not all the merchant establishments across the world uses the card reader some might be using the older technology so the card might get swiped also at times.

  • In case the chip on the card is not working the customer care should be contacted immediately.

Don’ts for a KOTAK CHIP AND PIN CARD
 

  • The customer should never share or write down the PIN anywhere.

  • The customer should never call out the PIN loudly or should not enter the Pin when somebody is looking over.

  • If the card of the customer gets damaged then the he should immediately inform the customer care of the bank and should ask for the replacement.

The Card Protection Plan (CPP)


The Kotak Mahindra Banks offering credit cards in India believes in providing a tension free life to their customers. At the time of crisis the customer should be strong enough to take the challenge easily. For helping the customers to lead a stress free life the Kotak Bank has introduced the CPP-Card Protection Plan. The Kotak credit card holders no need not worry about the theft or misuse of the card.


The customer is just required to give customer care a call and the rest is taken care by the bank.


The Features and benefits of the CPP –program
 

  • The customer is required to give one free call to block all the cards.

  • The customer gets the benefit of emergency hotels and travel assistance up to Rs.80000 in India and Rs.160000 abroad.

  • The customer gets the emergency cash advance of Rs.20000 in India.

  • The customer has the facility of reporting the loss of mobile phone. (SIM Blocking)

  • The customer gets Free PAN Card Replacement Service Fraud Protection up to Rs.300000.

  • The Fraud Cover Plan cover includes - Lost or stolen cards which have been used fraudulently, use of cloned cards online. Phishing and PIN fraud as well as any other type of misuse of credit card.

  • The complimentary Fraud protection is provided by the HDFC Ergo General Insurance Company Limited.

  • All the emergency advances taken by the customer should be returned within 28 days.

One Assist


The customers nowadays have got addicted to two things badly one is their wallet and the other is smartphone before leaving the home.


Loss of any one of them can cause hamper to their plans and can badly disturb the schedule.


But now the customer need not worry about the loss anymore and can lead a tension free life.


The facility which provides them this relief is ONE ASSIST.


The unique features and benefits of this facility are as follows:-
 

  • The customer is required to give one call to block all the Credit, debit, prepaid cards from his wallets and replace them.

  • This facility gives Free PAN & Driving License Replacement.

  • Lost Card Fraud cover-7 days prior to reporting (up to Rs.250000).

  • Lost Card Fraud cover-complete protection is provided post reporting.

  • Lost card fraud cover includes lost or stolen cards which are being used in a wrong manner.

  • The lost SIM card insurance is up to Rs.3000.

  • It helps in blocking the lost Smart phone and wiping of all the date and locating the phone too.

  • Temporary courtesy handset is provided with all the restored data and contacts in a new phone.

  • It provides for the hotel bill settlement and return ticket booking of RS.80000 (Domestic) and 160000 (International)

  • Emergency cash assistance is given up to Rs.25000 in India.

  • Docusafe: 1GB free Online Storage space is provided to the customer for important documents.

ADD-ON CARD
 

The Add-on card is just like the Credit card which have the same benefits like the own card of the customer. He can easily set the limits on the add-on card. The customer can keep track of all the add-on cards issued. The customer has to furnish all the KYC of the holders to apply for Kotak credit cards.

Apply for a Kotak Mahindra credit card Online

In keeping with the rising trend of online transactions, the customer can apply for Kotak credit cards online through website. The process is simple:

Visit the Paisabazar.com website and select the required card, the page opens where the customer is required to provide his or her personal information and details to fulfil the Kotak credit cards eligibility.

After the details are provided and submitted, the company’s executive gets in touch with the customer to guide him with the application process.

Kotak Mahindra Bank Credit Card
(5/5 ) 2 Reviews
Credit CardCredit Card
5/5

Very good credit card

I am very happy using this credit card. My Kotak Silk Inspire Platinum credit card provides around 8 free movie tickets yearly. It also allows a 2.5% fuel surcharge waiver across all petrol stations in India. The services are also very good and I am ..Read more...

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Posted on: Jan 17 , 2017
Credit CardCredit Card
5/5

My first credit card

This is the first credit card of my life. I started working 3 years back and I realized its high time to get a credit card, because of its redeemable and cashback benefits. I applied for a Kotak Silk Inspire Credit Card and to my surprise my card has..Read more...

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Posted on: Jan 6 , 2017
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