Kotak Mahindra Bank in collaboration with METRO Wholesale has launched this co-branded business credit card for METRO members. With this card, you can avail cashback on your transactions along with other benefits, such as a credit-free period, contactless payments and more. However, this credit card is exclusively designed for kirana owners, traders, hotels, restaurants and caterers shopping at METRO Wholesale in India. Read on to know more about this METRO Kotak Credit Card.
Key Highlights of METRO Kotak Credit Card
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| Best Suited for | Shopping |
| Joining Fee | Nil |
| Renewal Fee | Nil |
| Occupation | Self-employed |
| Best Feature | Up to 1% cashback on METRO spends |
| Welcome Benefit | Cashback of up to Rs. 500 |
| Paisabazaar’s Rating | ★★★ (3/5) |
Note: Issuance of this card has been discontinued. Kotak Mahindra Bank is not taking new credit card applications. Content on this page is for information purpose only.
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METRO Kotak Credit Card: Features & Benefits
With this credit card, you can avail cashback on your transactions along with activation benefits and much more. Below mentioned are some of the major METRO Kotak Credit Card benefits:
Up to 1% Cashback
You can avail up to 1% cashback on METRO spends, which is capped at Rs. 10,000 per statement cycle. The cashback is offered as per the below details:
| Cashback Percentage | Monthly Minimum spend slabs |
| 0.25% | Between Rs. 10,001 to Rs. 30,000 |
| 0.50% | Between Rs. 30,001 to Rs. 5 lakh |
| 1% | Above Rs. 5 lakh |
Also read: Best Cashback Credit Cards
Other Benefits
Apart from cashback, you can also avail below-mentioned benefits with this Kotak Mahindra Bank Credit Card:
- Activation Benefit of up to Rs. 500 cashback on your first swipe within 30 days of card issuance. This is valid on the transaction value of Rs. 10,000 in a day.
- Credit free period of up to 48 days
- Contactless payments for transactions of up to Rs. 5,000 without a PIN. You can make contactless transactions just by tapping your card at the PoS machine.
Suggested read: Best Kotak Mahindra Bank Credit Cards
METRO Kotak Credit Card: Fees & Charges
The fees and charges applicable to this credit card are mentioned below:
| Type of Fee/Charge | Amount |
| Joining Fee | Nil |
| Annual Fee | Nil |
| Finance Charges |
3.75% p.m. (45% p.a.) |
| Late Payment Fee | For Outstanding Balance of – Up to Rs. 100: Nil More than Rs. 100 to Rs. 500: Rs. 100 More than Rs. 500 to Rs. 1,000: Rs. 500 More than Rs. 1,000 to Rs. 5,000: Rs. 600 More than Rs. 5,000 to Rs. 10,000: Rs. 750 More than Rs. 10,000 to Rs. 25,000: Rs. 900 More than Rs. 25,000 to Rs. 50,000: Rs. 1,100 More than Rs. 50,000: Rs. 1,300 |
Click here to see other associated fees and charges.
METRO Kotak Credit Card: Eligibility Criteria
You must fulfill the below-mentioned eligibility criteria to apply for METRO Kotak Credit Card:
| Criteria | Details |
| Minimum Age | 18 years |
| Maximum Age | 65 years |
| Occupation | Self-employed, Proprietors and Partners of Partnership firms |
Who should get METRO Kotak Credit Card?
METRO Kotak Credit Card is a business credit card that is best suited if you are a kirana store owner, hotel/ restaurant owner, caterer or self-employed by any other income source. This is a co-branded credit card that offers benefits on your METRO Wholesale transactions. You should consider applying for this credit card if:
- You have a valid METRO membership
- You are self-employed, proprietor or partner of any partnership firms
- You put most of your expenses on your credit card
- You are inclined towards direct cashback instead of reward points
- You are looking for a zero annual fee credit card
| Best Rewards Credit Cards | Best Shopping Credit Cards | Best Travel Credit Cards |
FAQs
Q. How can I apply for METRO Kotak Credit Card?
A. You can apply for any of the Kotak credit cards by visiting the official website of the bank. All you need to do is find the right credit card and apply for it (as per the eligibility) by clicking on the ‘Apply Now’ button. Besides this, you can also contact the customer care of the bank and ask the representative for the eligible credit cards and apply for one of them.
Q. Can I withdraw cash using my METRO Kotak Credit Card?
A. Yes, you can withdraw cash using your METRO Kotak Credit Card. However, the bank will charge a cash advance fee of Rs. 300 for every withdrawal of Rs. 10,000. Therefore, it is advisable not to withdraw cash using a credit card as it incur higher charges.
Q. How can I activate my METRO Kotak Credit Card?
A. You are required to activate your Kotak credit card by generating a PIN before using it. To generate this PIN, you are required to log in to the net banking or mobile app using your credentials. After this, you can click on the ‘Regenerate PIN’ option to activate your card. After entering the new PIN, you can use your card for future transactions.
Q. How can I pay my METRO Kotak Credit Card bill?
A. You can pay your bill using both offline and online methods. To pay your bill online, you can use facilities like NEFT, bank transfer, UPI and more. On the other hand, you are required to visit the nearest branch of the bank if you want to pay your bill offline. You can pay the bill offline using cash or cheque.
Q. Can I get an add-on card with my METRO Kotak Credit Card?
A. Yes, you can apply for an add-on card with METRO Kotak Credit Card. The add-on card also comes with no joining and annual fees. However, the credit limit offered on an add-on card will be decided by the bank.
Q. I am working in a private sector company. Can I apply for METRO Kotak Credit Card?
A. No, this credit card is designed for kirana owners, traders, hotels, restaurants and caterers (HoReCa) shopping at METRO Wholesale in India. You can apply for this credit card if you are self-employed, proprietor or partner of any partnership firm.
Q. How can check the application status for my METRO Kotak Credit Card?
A. You can check the application status of your credit card online through the official website of the bank. However, in order to track your application status, it is important to enter the application number and other details. You can click here to track the application status of your Kotak credit card.