This article provides a concise overview of the prominent features, eligibility prerequisites, and the application procedure for Kotak Mahindra Bank Limited’s Kotak Infinite Credit Card.
Features of Kotak Mahindra Bank Limited -Kotak Infinite Credit Card:
Main features:
- The Kotak Infinite Credit Card is an exclusive ‘By-Invite’ program specifically tailored for Kotak Private Banking clients. It boasts an exceptional reward system, personalized card designs, golf privileges, and access to esteemed international events. Crafted for high-spending individuals, this card aligns with their lifestyle and premium preferences.
- Personalized Card Design Individually designed for you, the Kotak Infinite Credit Card showcases a unique, handcrafted illustration of the cardholder’s image on the card’s face.
- Elevated Credit Limit Starting with a minimum credit limit of Rs. 10 Lac, the Kotak Infinite Credit Card also offers an instant credit limit increase* to facilitate significant purchases through an additional spending limit.
- *The increased limit, exceeding your assigned credit line, is subject to the bank’s discretion on a case-by-case basis, considering spending and payment patterns.
- Golf Benefits An experience for the game changers
- Escape the ordinary with complimentary* tee-offs at some of India and the world’s finest golf courses, offering a reprieve from the routine.
- Enjoy 2 complimentary rounds of golf each month as the cardholder. Additionally, invite two friends for a complimentary round once every quarter.
- To schedule a round of Golf, visit www.kotak.golftripz.com
- Bonus Reward Points!#
- Get 800 Reward Points valued at Rs. 800 every month with your Kotak Infinite Credit Card.
- #The crediting of reward points, instead of 2 free PVR tickets, represents an interim change in the card’s feature.
Additional Features:
- The Perks Keep Coming
- Enjoy an even broader array of advantages and indulgences with the Kotak Infinite Credit Card.
- Dream Folks Lounge Access:
- Avail 4 complimentary visits every quarter to Dream Folks Lounges across India.
- Instant Concierge Assistance for You
- Our premium concierge services offer:
- Reservations for hotels and dining
- Flight ticketing assistance
- Booking tickets for special events and performances
- Information on Spa & Fitness Centers
- Referral assistance
- Fuel Surcharge Waiver
- Save 1% fuel surcharge at all petrol pumps in India*
- Fuel surcharge waiver applicable for transactions between Rs.400 – Rs.4000. Enjoy a maximum waiver of Rs.4500 annually.
- Railway Surcharge Waiver
- Get a 1.8% to 2.5% railway surcharge waiver when booking through www.irctc.co.in or Indian Railways booking counters**
- *Maximum yearly railway surcharge waiver of Rs. 500
- Priority Assistance
- Your time matters. For card-related queries, simply SMS ‘KPRIVY’ to 5676788 and we’ll call you back within 30 minutes to assist.
- Earn 1 reward point for every Rs. 125 spent
- Kotak Rewards:
- Introducing Kotak Rewards – a simplified point redemption system for your Kotak credit cards. Redeem points across various categories including Mobile Recharge, Shopping (over 10,000 products), E-vouchers for numerous brands, Movies (BookMyShow Vouchers), Travel, and more!
- Pay with Reward Points: Make payments without cash. Pay without your card.
Fees for Kotak Mahindra Bank Limited – Kotak Infinite Credit card:
- Joining Fees: None
- Annual Fees: None
- Condition for waiver of Annual Fees – First Year: Not Applicable
- Condition for waiver of Annual Fees – Second Year: Not Applicable
- Add-on Card Fees: None
- Interest Charges on Outstanding Balances: 3.10% (Annualized 37.2%)
- Minimum Amount Due (MAD): It can be 5% or 10% of TAD, as determined by the Bank and reflected in the statement’s minimum amount due column.
- 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 less than or equal to 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: Waived
- Cheque Bounce Charges: Rs. 500
- Foreign Currency Mark Up: 2%*
- Railway Booking Surcharge (on transaction amount)^: Waived
- Fuel Surcharge**: Waived
- Fee for Cash Payment at Bank: Waived
- Outstation Cheque Processing Fee: Waived
- Reissue/Replacement Card (per issuance): Waived
- 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:
- All taxes will be charged as per the rates approved in the Finance Act each year on all interest, fees, and other charges on your Credit Card.
- ^Maximum Railway surcharge waiver of Rs. 500 in a calendar year
- **Fuel surcharge to be waived only for transactions between values of Rs. 400 – Rs. 4000. Maximum Fuel surcharge waiver of Rs. 4500 in a calendar year
- *Effective from October 16, 2019, the foreign markup fee has been reduced to 2%.
How to apply?
Click here to apply for the Kotak Mahindra Bank Limited’s Kotak Infinite 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.