Kotak Credit Card: Eligibility and Documents Required

The Kotak Mahindra Bank credit card eligibility criteria allow you to enjoy benefits and be able to enjoy products and services with enormous discounts. Kotak credit card eligibility varies for different cards. Since each credit card comes with its benefits, you can choose from among the various options and pick one that best fits your requirements.

Here’s the credit card eligibility chalked out by Kotak Mahindra Bank for you to apply for the card:

• Minimum Age: 18 years

• Maximum Age: 65 years

• Minimum Monthly Salary: ₹40,000

• Credit Score: 750 and above

The following credit card documents could be requested during your Kotak Mahindra Bank Credit Card application:

• Identification proof, such as Aadhaar card, voter’s card, or driving licence

• PAN card; if unavailable, you can submit Form 60

• Proof of income, such as through salary slips or Form 16

• Bank statements

• Age proof, like birth certificate, passport, etc. 

Given below are the general factors that could affect your eligibility for a Kotak Credit Card:

1. Credit Score

This is a crucial determinant; a higher score enhances eligibility for Kotak credit cards

2. Income Level

Minimum income requirements influence eligibility; higher income often increases approval chances

3. Employment Stability

A steady job history and stable income source positively impact eligibility criteria

4. Existing Debt

High outstanding debt may affect eligibility, as it impacts repayment capacity

5. Credit Utilisation

High credit utilisation ratios may impact eligibility negatively

6. Age

Applicants typically need to meet a minimum age requirement for eligibility

7. Documentation

Providing accurate and complete documentation is crucial for meeting eligibility criteria