Kotak Mahindra Bank Credit Card Interest Rates

As a user of the Kotak Mahindra Bank Credit Card, you must understand how the repayment procedure works. You have two options to repay the credit that was utilised in the previous month. You can pay the bill in a single instalment within a few days of bill generation or pay the bill in Equated Monthly Instalments (EMIs). 

If you choose to pay the amount in EMIs, an interest will be levied on every instalment. For credit cards by Kotak Mahindra Bank, the interest rates depend from credit card to credit card. Hence, it is important to identify the interest rate that could be levied on your credit repayment in particular.

Here are the interest rates of a few Kotak Mahindra Bank Credit Cards:

Disclaimer: The interest rates mentioned above are subject to change at the bank’s discretion. Please refer to the issuer's MITC document for more details.

Kotak Mahindra Bank offers an interest-free period on transactions made using the bank’s credit cards. This period usually ranges between 18 and 48 days, depending on the transaction date. 

During this time, no interest is charged on the amount spent on the card. However, do note that the interest-free period is not applicable to cash advance transactions. You also do not get access to this facility if you fail to clear your outstanding credit card dues.

In case you have any issues with the interest rate calculation or credit card payment, you can call up Kotak Bank Credit Card customer care for assistance. If you have made certain big-ticket purchases that you need time to pay off, you can convert them into EMIs. 

This is because the Kotak Mahindra Bank Credit Card EMI interest rate is lower than the usual finance charges.