Kotak Mahindra Feast Gold Credit Card is designed for those that frequent cinemas and restaurants. Cardholders get bonus reward points and other benefits with this credit card. Additional details are shared below.
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Kotak Mahindra Feast Gold Credit Card – Features and Benefits
The features and benefits associated with the card are:
Reward Points- Earn 10 Dining Points for every Rs. 100 spent on dining when total spends on dining and movies reach Rs. 5,000. Dining points are given on the first 5 Dining & Movie transactions, up to a maximum of 600 dining points. Dining & Movie Transactions up to Rs. 4,000 are eligible for dining points.
Security- Get up to Rs. 50,000 as insurance against fraudulent transactions done up to 7 days before the day of reporting.
Balance Transfer- Get interest free period on fresh retail purchases and pay just Rs. 349 per Rs. 10,000 as processing fee.
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Kotak Mahindra Feast Gold Credit Card – Fees and Charges
| Fee/Charge | Amount |
| Annual Fee | Rs. 499 |
| Add-on Card Fee | Rs. 299 |
| Finance Charges (Interest Rate) | 3.50% pm / 42.00% pa |
| ATM Cash Withdrawal Charges | Rs. 300 |
| Late Payment Fee | For outstanding balance less than Rs. 500 – Rs. 100 For outstanding balance between Rs.500 and Rs. 10,000 – Rs. 500 For outstanding balance greater than Rs. 10,000 – Rs. 700 |
| Overlimit Fee | Rs. 500 |
| Cheque Bounce Charges | Rs.500 |
| Foreign Currency Markup | 3.50% of the amount |
| Cash Payment Charges | Rs. 100 |
| Card Reissue/Replacement Charges | Rs. 100 |
| CIBIL Report Copy | Rs. 50 |
Kotak Mahindra Feast Gold Credit Card – Eligibility Criteria and Documentation
Eligibility
- Customer must be in the age group of 21 to 65 years
- Add-on card applicant must be over 18 years of age
- Only Indian resident can apply
- Applicant must be a resident of Ahmedabad, Bangalore, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai or Pune
- Customer’s income must be Rs. 3.00 lakh or above per annum for salaried employees
Documents Required
Kotak Bank will ask for certain documents to verify the customer’s income, identity and address. Customer can submit any one of the documents to establish the same.
| Proof of Identity | PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI |
| Proof of Address | Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement |
| Proof of Income | Latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement |
How to Apply for Kotak Mahindra Feast Gold Credit Card
Customers can apply for Kotak Mahindra Feast Gold credit card by visiting the nearest Kotak Bank branch or by visiting the website.
Do note that in either scenario applicant will be required to submit self-attested photocopies
Applicant will have to submit the self-attested photocopies of their Know Your Customer (KYC) documents when applying for this credit card via branch visit. In case they have applied for this credit card via the bank’s website. Then a representative from the bank will get in touch with the customer to set a date and time for document collection. Give the representative the self-attested photocopies of the KYC documents. Post verification the customer can expect to receive the credit card in about 15 days.
FAQs
Who can apply for Kotak Mahindra Feast Gold Credit Card?
Indian citizens who are between the ages of 21 and 65 years and earn Rs. 3.00 lakh per annum can apply for this credit card.
What is the annual fee on this credit card?
The annual fee on this credit card is Rs. 499.
Is this a secured or unsecured credit card?
Kotak Mahindra Feast Gold Credit Card is an unsecured credit card.
Is there an add-on card fee?
Yes, Kotak Bank does charge a fee of Rs. 299 to issue an add-on credit card.
