Generally, Kotak credit card reward points can be redeemed in the ratio of 4:1. So, take that into consideration, Zen Signature offers up to 1.67% value-back through its rewards program which is quite low for a card that charges an annual fee of Rs. 1,500. The base rewards rate takes the savings even lower to just 0.83%. When compared with other rewards credit cards with similar annual fees like Axis Rewards, HDFC Regalia Gold, etc., this reward savings rate falls quite short.
Kotak Mahindra Bank
Kotak Zen Signature Credit Card
Shopping
Reward Points
1st Year Fee: ₹1,500* Plus Applicable Taxes
Shopping
Up to 10 reward points per Rs. 150 spent
Lounge Access
Up to 11 free airport lounge visits per year
Milestone Bonus
Up to 15,000 bonus reward points per year
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About Kotak Zen Signature Credit Card
Kotak Zen Signature Credit Card is a rewards credit card that offers accelerated value-back on shopping spends, including major categories like departmental stores, apparel, jewellery and lifestyle goods. The joining bonus of 1,500 points and milestone benefit of up to 15,000 points further adds to the rewards benefits available for the cardholders. In addition to the rewards program, this card also comes with some travel-related features. Access to domestic as well as international airport lounges, along with surcharge waivers on both fuel spends and railway bookings help the users in making their commute more comfortable and slightly cheaper. With primary focus on shopping spends by offering rewards and other travel-related benefits as additional advantages, this credit card can become a decent card option for those who travel by air or commute regularly and want a credit card to save on their shopping spends.
Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit Kotak Mahindra Bank’s website.
Rewards Program
Kotak Zen Signature credit cardholders can earn reward points on every Rs. 150 spent, as follows:
- 10 Zen Points: On shopping of apparel, jewellery, lifestyle goods and at departmental stores
- 5 Zen Points: On all other spends1
- Capping: 6,500 Zen points per month
- Redemption: Zen points are redeemable against the Kotak Rewards catalogue and through the ‘PaybyPoints’ facility directly at partner POS (1 Zen Point = Rs. 0.20)
Other Features & Benefits
Welcome Benefit:
- 1,500 Zen points on joining fee payment
Milestone Bonus: Cardholders get either one of the following milestone bonus as per their annual spends:
- 7,500 Zen Points: On Rs. 3 lakh annual spends
- 15,000 Zen Points: On Rs. 6 lakh annual spends
Airport Lounge Access:
- Domestic Lounge: 2 complimentary visits per quarter to select Dream Folks lounges in India2
- International Lounge: 3 complimentary visits per year to Priority Pass lounges outside India on making a min. of 4 purchases in a year3
Kotak Zen Signature Credit Card: Fees & Charges
| Particulars | Amount | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining/Annual Fee | Rs. 1,500 + Applicable taxes | ||||||||||||||||
| Finance Charges | 3.75% p.m. (45% p.a.) | ||||||||||||||||
| Late Payments Fees |
|
Things to Know Before you apply
Get this card if:
You are looking for a rewards credit card with a low spending condition for fee waiver
You are okay with the limited benefits, besides rewards, on lifestyle-related spending categories
You can maximise your savings by availing of the milestone bonus by meeting the spend-based condition without overspending
Eligibility Criteria:
Age: 21 to 65 years
Min. Net Income: Rs. 4.8 lakh per annum
Nationality: Resident of India
Paisabazaar Review
What do we like about this card?
Kotak Zen Signature credit card offers accelerated rewards on major shopping purchase categories like departmental stores, jewellery, apparel and lifestyle goods. Bonus rewards as joining and milestone benefits help the cardholders maximise their reward earnings. Moreover, the card users also get free domestic and international airport lounge access under DreamFolks and Priority Pass programs which make the travel experience more convenient without adding to the total cost. An easily achievable fee waiver condition and up to 2.5% surcharge waiver on railway bookings and fuel spends further allow the cardholders to save on their commutes.
Pros
- Up to 10 reward points on every card spend of Rs. 150
- Complimentary lounge access worldwide
- Milestone bonus rewards of up to 15,000 every year
- Low spend-based condition to waive off the annual fee
Cons
- No significant lifestyle benefits, besides the rewards program
- Monthly capping on reward points earnings
Footnotes
- W.e.f. 1st June 2025, the following transactions will not earn any reward points: utility bills above Rs. 50,000 p.m., education spends above Rs. 70,000 p.m., govt. transactions above Rs. 40,000 p.m., insurance spends above Rs. 70,000 p.m., wallet loads, rent, fuel and online gaming.
- Cardholders who have the lifetime free Zen Signature variant are required to make quarterly spends worth a minimum of Rs. 60,000 to avail 2 free domestic lounge visits in a quarter
- Cardholders must ensure to activate international transactions on their credit card to access international lounges
- Railway surcharge waiver is capped at Rs. 500 per year
- W.e.f. 1st June 2025, 1% transaction charge will be imposed on Wallet Loading & Online Gaming transactions above Rs. 10,000 p.m., utility spends above Rs. 50,000 p.m. and fuel spends above Rs. 35,000 p.m.
Click here to know More Terms and Conditions
Lepakshi Phogat
Lepakshi is a content writer specialising in personal finance and credit cards. She translates complex financial concepts into practical advice, helping readers make informed financial decisions. Whether it is helping them choose the right credit card or offering strategies to build their credit score, she writes to make personal finance less intimidating and more empowering.
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