Key Features of Kotak Zen Signature Credit Card
|Best Suited For||Shopping and Rewards|
|Joining Fee||Rs. 1,500|
|Renewal Fee||Rs. 1,500 (waived off on annual spends of Rs. 1.5 Lakh)|
|Minimum Income Requirement||Rs. 4.8 Lakh per annum|
|Best Feature||10 Zen Points per Rs. 150 spent on apparel, departmental stores, lifestyle goods and jewellery|
|Paisabazaar’s Rating||★★★ (3.5/5)|
Key Features of Kotak Zen Signature Credit Card & Why should you get it?
Kotak Zen Signature Credit Card is truly made for frequent shoppers as it offers generous rewards on apparel, jewellery, departmental store spends and purchase of lifestyle goods. Most consumers would want a credit card save on one of these categories and that is how the card is designed- to give maximum value-back to its users. In addition, the card also offers Priority Pass membership along with complimentary visits to international as well as domestic lounges, serving the needs of those who have to travel several times in a year.
As this card is primarily focused on shopping and offers travel as a secondary privilege, you should only choose it if most of your spending would be in the shopping category.
Features and Benefits of Kotak Zen Signature Credit Card
On payment of the joining fee of Rs. 1500, you will receive 1500 Zen points as a welcome gift. This feature is not available on credit cards with joining fee waived off.
- 10 Zen points for every Rs. 150 spent on lifestyle goods, departmental stores, apparel and jewellery
- 5 Zen points for every Rs. 150 spent on other categories
- Fuel, Cash spends and EMI transactions will not qualify for reward point earning
- On spending Rs. 3 lakhs in an anniversary year, you will earn 7500 bonus Zen points
- On spending Rs. 6 lakhs in an anniversary year, you will earn 15000 bonus Zen points
Note: Cardholders will be eligible for only one of these milestones. For example, if you spend Rs. 6 Lakh in a year, you will earn only 15,000 reward points, not 22,500 points. Bonus Zen points will be credited to your card account at the end of an anniversary period as per the eligibility.
- Complimentary Priority Pass Membership for 1 year
- 3 complimentary Priority Pass International Lounge access in a year across 1300+ Lounges
- USD 27 per person per visit will be charged for the guest
- 8 Complimentary Airport Lounge access annually within India (Domestic and International terminals) capped at 2 visits per quarter
Railway Surcharge Waiver
- 1.8% railway surcharge waiver can be availed on www.irctc.co.in
- 2.5% for transactions on Indian Railways Booking Counters
- The maximum railway surcharge waiver that is allowed in a calendar year is Rs. 500
|It is very unlikely for a card with an annual fee of Rs. 1,500 to offer Priority Pass membership along with complimentary visits to international lounges. While various cards offer domestic lounge access in this range, the card offers a comparatively, frequent access to both domestic and international lounges. Additionally 5 Zen points for every Rs. 150 spent, and railway surcharge waiver on IRCTC, can give you good overall benefit on travel and other bookings.
Thus, if you are a frequent traveler, looking for a rewards credit card with shopping and lounge access benefits, you can consider getting this card. Putting most of your expenses on this card, including travel and other bookings, can also help you get milestone benefits and that way you can easily maximize the reward benefits offered on this card.
Fuel Surcharge Waiver
- 1% fuel surcharge waiver on transactions ranging from Rs. 500 to Rs. 3,000
- Maximum fuel surcharge waiver of Rs. 3,500 can be availed in a calendar year
Cards Similar to Kotak Zen Signature Credit Card
|Credit Card||Annual Fee||Comparative Feature|
|Aditya Birla SBI Card Select||Rs. 1,499||20 reward points per Rs. 100 spent on shopping at Aditya Birla Stores; 4 complimentary domestic lounge visits per year|
|HDFC MoneyBack Credit Card||Rs. 500||4 reward points per Rs. 150 spent online|
|Axis Bank Privilege Credit Card||Rs. 1,500||10 reward points per Rs. 200 spent on all spends; 2 complimentary domestic lounge visits per quarter|
|Standard Chartered Platinum Rewards Credit Card||Rs. 250||5 reward points per Rs. 150 spent at fine-dine outlets|
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Fees and Charges
|Particulars||Fees and Charges|
|Joining Fee||Rs. 1,500|
|Annual Fee||Rs. 1,500 (waived off on annual spends of Rs. 1.5 Lakh)|
|Late Payment Charges||Rs. 100 for outstanding balance less than or equal to Rs. 500
Rs. 500 for outstanding balance between Rs. 500 to Rs. 10,000
Rs. 700 for an outstanding balance greater than Rs. 10,000
|Interest Charges||3.5% per month | 42% per annum|
For the most important terms and conditions related to Kotak Zen Signature Credit Card, click here.
Eligibility and Documentation
The table below shows the eligibility criteria for this credit card:
|Age||21 to 65 years|
|Minimum Income||Rs. 4.8 Lakh p.a.|
|Documents Required||Click here for the list of documents required|
Please note that even if you meet the above requirements, the bank will further evaluate your application based on your credit profile, past payment patterns, number of debts, etc. The final decision lies solely with Kotak Mahindra Bank.
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How can I redeem my reward points?
You can redeem them through cash, airline tickets, movie tickets, mobile recharge, or branded merchandise.
Can I earn reward points on my fuel expenses?
No, you will not earn reward points on your fuel expenses, but you will get a fuel surcharge waiver. You will get a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 (maximum fuel waiver of Rs.3,500 in every calendar year).
For how long are Zen Points valid?
Zen points are valid for 1 year from the date of accrual.
To get the railway waiver, should I book only through IRCTC?
Yes, you should book your tickets via IRCTC to get the railway surcharge waiver.
Can I get an annual fee waiver on Kotak Zen credit card?
Yes, you can get your joining and/or annual fee waived on Kotak Zen Signature credit card on spending Rs.1.5 lakh in a calendar year.