Kotak Bank Credit Cards

Below are the feature-rich credit cards offered by Kotak Mahindra Bank that you can apply for through Bajaj Markets:

Some important Kotak Bank Credit Card benefits are as follows:

Kotak League Platinum Credit Card

• Up to 8 reward points on every ₹150 spent

• 4 Free PVR tickets on spending ₹1.25 Lakhs every 6 months

• 1% Fuel surcharge waiver 

IndianOil Kotak Credit Card

• Up to 5% savings on fuel spends at IndianOil outlets

• Up to 2% value back as reward points on dining and grocery spends

• Welcome benefit of up to 1000 reward points on spends worth ₹500 made within 30 days of the card being issued

• 0.5% reward points on other spends

• Each Kotak Credit Card offers a unique rewards program tailored to specific spending categories. Here are some key highlights:

• 1 Kotak reward point = 25 paise (For Kotak League Credit Card, 1 point equates to 10 Paise)

• Redeem the points for spends across categories like merchandise, e-vouchers, travel, movie vouchers, mobile recharge, etc.

• Visit the official website or reach out to the customer care team of Kotak Mahindra Bank to redeem the points

To apply for a Kotak Bank credit card, you must meet the following eligibility criteria:

• The applicant must reside in a serviceable location

• The applicant’s age should fall within the bracket of 21 to 65 years

• The applicant should be either salaried or self-employed 

In case of any queries be sure to contact Kotak Mahindra Bank to get the required clarification. This helps you prepare beforehand and take the required steps to improve your eligibility, helping you improve your chances of getting the credit card.

Alongside fulfilling the above mentioned requirements, you also need to furnish some essential documents when applying for the credit card. Typically, Kotak Mahindra Bank asks you to submit your PAN card and Aadhaar card.

The issuer may also request you to provide some additional documents depending on the card you wish to opt for and their policies. So, be sure to get a complete list of documents you need to submit beforehand for a seamless application process.

Follow these steps to apply for a Kotak Credit Card:

1. Click on the ‘Check Eligibility’ option on this page

2. Provide your phone number, occupation, date of birth, and other details as requested

3. Enter the One-time Password (OTP) received on your registered mobile number

4. Confirm the pre-filled details, including your residential PIN code, PAN number, e-mail ID, and income

5. If eligible, the Kotak credit cards will be visible to you

6. Once you decide upon the card you wish to apply for, you will be redirected to another page

7. Complete the further process and click on ‘Submit’ to finalise your application

In February 2003, Kotak Mahindra Finance Ltd., the flagship entity of the Kotak Group, was granted a banking license by the Reserve Bank of India (RBI). This marked a historic milestone as it became the first non-banking financial company in India to transition into a bank, now known as Kotak Mahindra Bank Ltd. The bank offers a range of personalised financial services and products like loans, credit cards, and so on.

Payment Networks Available on Kotak Credit Cards

The credit cards offered by Kotak Mahindra Bank are hosted on the RuPay, Mastercard, and Visa [NS(BK37] [RB38] payment systems.

Here are some charges which may be charged on your Kotak credit card:

For queries or assistance related to Kotak Credit Cards, you can reach their customer support team by calling their customer care number, 1860 266 2666.

Before using your Kotak Credit Card, you need to activate it. Here are the methods to do so:

• Log in to your account: Visit the Kotak Mahindra Bank website or app, log in to your credit card account, and set up a new PIN

• Customer care: Contact Kotak customer care via the helpline to request activation

• SMS and missed call: Send an SMS from your registered mobile number to 9971056767 or give a missed call to 7669010000

You can also activate your card through WhatsApp, ATM, and the bank’s chatbot KEYA.

If you wish to close your Kotak Credit Card, it is important to understand certain aspects. Some of these are listed below:

• Understand the implications: Closing your card means you can no longer use it for transactions, which may affect your credit score and reduce your credit limit.

• Clear dues and redeem rewards: Ensure all outstanding dues are paid and any remaining reward points are redeemed before submitting a closure request.

• Submit a request: Submit your termination request via customer care, email, the Kotak website, or the app.

• Inactive account policy: Kotak Mahindra Bank may close accounts unused for over a year. You will most likely receive a 30-day notification before closure.

Further, if you wish to change a card to suit your changing needs, you can explore other options. You can check the cards available on Bajaj Markets to choose the one which best aligns with your financial situation.

Kotak Mahindra Bank follows a structured approach to handling defaults and overdue payments. Here are the key practices:

• Payment reminders: The bank sends regular reminders through email, SMS, calls, and other modes

• Third-party collection: Sometimes, third-party agencies are engaged to follow up and collect dues, adhering to the debt collection code of conduct

• Notice before reporting: Customers are given a one-month notice before defaults are reported to credit information companies (CICs)

• Updating payment status: If overdue balances are cleared after being reported, the bank updates the customer’s status with CICs within 30 days

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.