Kotak Mahindra Solaris Platinum Credit Card – Features and Benefits
The features and benefits associated with Kotak Mahindra Solaris Platinum Credit Card are:
Reward Points Customers earn 5X Reward Points for every Rs. 150 spent on online transactions. 2X reward points are earned on other spends
Welcome Benefit Get 2500 bonus reward points on joining fee payment and first swipe of the credit card within 60 days
Annual Fee Waiver Cutomers will not have to pay the annual fee if they spend Rs. 75,000 in the previous anniversary year
Fuel Surcharge Waiver Get Fuel Surcharge waiver up to Rs. 100 on fuel transactions made between Rs. 400 and Rs. 3,500 in a statement cycle
Free Add-on Card Users do not have to pay an additional fee to get an add on card
Security Get up to Rs. 1.25 lakh as insurance against unauthorised transactions. The card covers transactions up to 7 days before the day of reporting
|Kotak Mahindra Solaris Platinum Credit Card|
People who want a premium credit card
Customers who want to earn reward points
Cardholders who want fuel surcharge waiver
People looking for a low annual fee credit card
Customers who prefer cashback on card usage
Cardholders who want concierge services
Kotak Mahindra Solaris Platinum Credit Card – Fees and Charges
|Annual Fee||Rs. 500|
|Joining Fee||Rs. 500|
|Add-on Card Fee||Nil|
|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 Solaris Platinum Credit Card – Eligibility Criteria and Documentation
- Customer must have maintained a Privy league banking Relationship
- Applicant must be over 21 years of age but below 65
- Add-on cardholder should be over 18 years of age
- Customer must be resident in any one of the following cities; Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai and Pune
- Only Indian citizens can apply
Customers can submit any one of the following documents to establish their identity with the bank.
|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 Solaris Platinum Credit Card
Customers can apply for this credit card by visiting the nearest bank branch or visiting the official website of Kotak Mahindra bank. In either scenario, the applicant will have to submit self-attested photocopies of their Know Your Customer (KYC) documents to establish their income, identity and address.
If a customer applies for the card via the website then a representative from the bank will call the customer to set a date and time for document collection. Post submission the documents will be scrutinized by the bank. If everything checks out then the bank will dispatch the credit card.
Who can apply for Kotak Mahindra Solaris Platinum Credit Card?
Indian citizens who are above 21 years of age but below 65 may apply for this credit card. Also, applicant’s annual income should be at least Rs. 5.00 lakh per annum.
What is the annual fee on this credit card?
The annual fee on this credit card is Rs. 500.
What is the foreign currency mark-up fee on this credit card?
The foreign currency mark-up fee on this credit card is 3.50%
Is there an add-on card fee?
No, Kotak Bank does not charge a fee for an add-on credit card.