This article provides a concise overview of the prominent features, eligibility prerequisites, and the application procedure for Kotak Mahindra Bank Limited’s Essentia Platinum Credit Card.
Features of Kotak Mahindra Bank Limited – Essentia Platinum Credit Card:
Main features:
- Departmental & Grocery Store Savings: Get 10% Off
- For every Rs. 100 spent at Departmental & Grocery Stores, Essentia rewards you with 10 Saving Points.
- Each Saving Point equals Re. 1
- Transaction Range: Rs. 1500 – Rs. 4000
- Monthly Cap: Maximum 500 Saving Points worth Rs. 500
- Redeem Saving Points for cash and more.
- Earn 1 Saving Point for every Rs. 250 spent on other categories*, without limitations. Benefit from savings on every purchase!
- *Saving Points for purchases in other categories are additional to those earned at Departmental & Grocery Stores. Exclusive Offers Galore!
- Kotak Essentia card brings a multitude of offers—online and offline—for your dream vacations, dining at top restaurants, or catching a movie with loved ones.
- Priority Assistance KASSIST Need help? KASSIST has your answers! SMS KASSIST to 5676788, and we’ll call you back within 30 minutes*!
- *Calls within 30 minutes are for SMS received between 10 am & 6 pm, Monday to Saturday.
- To apply for Essentia, SMS KTEN to 5676788
Additional Features:
- Add-on Card Benefits
- Your Add-on Card inherits all the privileges of your primary Card.
- Set your preferred spending limit on each Add-on Card.
- Easily track expenditures for each Add-on Card individually.
- Milestone Rewards
- Spend Rs. 1,25,000 every 6 months and choose:
- 6 complimentary PVR tickets or
- 1200 Reward Points
- Redemption Choices:
- Redemption Option 1:
- Enjoy a maximum of 12 complimentary PVR tickets annually.
- Tickets are transferable and usable for any show on any day.
- You’ll receive a Star Pass Code to redeem your tickets online at www.pvrcinemas.com.
- Claim your PVR tickets within 3 months post the program period.
- Redemption Option 2:
- Reward points will reflect in the next billing cycle.
- Use reward points for various redemptions such as Airtickets, Movie Tickets, Mobile Recharge, or Branded Merchandise.
- Claim your reward points within 3 months post the program period.
Fees for Kotak Mahindra Bank Limited – Essentia Platinum Credit card:
- Joining Fees: Rs. 1499.
- Annual Fees: Rs. 749.
- Condition for Annual Fees Waiver – First Year: Not Applicable.
- Condition for Annual Fees Waiver – Second Year: Not Applicable.
- Add-on Card Fees: Rs. 299.
- Interest Charges on Outstanding Balances: 3.50% (Annualized 42%).
- Minimum Amount Due (MAD) reflected in the statement: Can be 5% or 10% of TAD as determined by the Bank.
- ATM Cash Withdrawal/ Call a Draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereof: Rs. 300.
- Late Payment Charges (“LPC”):
- Rs. 100 for outstanding statements equal to or less than Rs. 500.
- Rs. 500 for outstanding statements between Rs. 500.01 to Rs. 10,000.
- Rs. 700 for outstanding statements greater than Rs. 10,000.
- Over Limit Charge: Rs. 500.
- Cheque Bounce Charges: Rs. 500.
- Foreign Currency Mark Up: 3.5%.
- Railway Booking Surcharge: Applicable.
- Fuel Surcharge: Applicable.
- Fee for Cash Payment at Bank: Rs. 100.
- Outstation Cheque Processing Fee: Waived.
- Reissue/Replacement Card (per issuance): Rs. 100.
- Charge Slip Request: Waived.
- Machine Surcharge at ATMs: Waived.
- Balance Enquiry Charges at Non-Parent Bank ATM: Waived.
- Duplicate Statement Request: Waived.
- Web Pay Service Fee: Waived.
- Please Note: GST/Applicable taxes will be charged as per the rates approved in the Finance Act each year on all interest, fees, and other charges levied on your Credit Card.
How to apply?
Click here to apply for the Kotak Mahindra Bank Limited’s Essentia Platinum Credit Card.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank.