This article provides a concise overview of the prominent features, eligibility prerequisites, and the application procedure for Kotak Mahindra Bank Limited’s Urbane Gold Credit Card.
Features of Kotak Mahindra Bank Limited – Urbane Gold Credit Card:
Main features:
- Reward Points Program
- Get 3 reward points for every Rs. 100/- spent on retail purchases
- Every 1000 reward points hold a value of Rs. 100/- for redemption
- Redemption requires a minimum of 1000 points
- Supplementary Card
- Your Add-on Card enjoys all the privileges of your primary Card
- Set spending limits on your Add-on Card according to your preferences
- Track expenditures separately for each Add-on Card
- Milestone Benefits
- Spend Rs. 1,00,000 in a year and receive 4 complimentary PVR tickets or 10,000 reward points
- Redemption Option 1:
- PVR tickets are valid for any day and show and are transferable
- A Star Pass Code will be issued for online PVR Movie Ticket bookings at www.pvrcinemas.com
- PVR ticket claims can be made within 3 months after the program period ends
Additional Features:
- Alternative Redemption Option:
- Reward points will be credited in the subsequent billing cycle.
- Reward points are versatile and can be utilized for various redemption options such as Air Tickets, Movie Tickets, Mobile Recharge, and Branded Merchandise.
- Claim your reward points within 3 months after the program period ends.
- For ticket prices exceeding Rs. 400, the cardholder needs to pay the difference along with booking/convenience fees. PVR tickets are not applicable for customers in non-PVR locations. Redemption for PVR movie tickets is exclusive to online bookings at www.pvrcinemas.com and cannot be done at the Box Office.
- Regarding milestone benefits, transactions settled during the milestone period are considered. For instance, if the milestone period is from January 1, 2021, to June 30, 2021, transactions settled until June 30, 2021, will count for milestone benefits. Transactions settled after June 30, 2021, will apply to the subsequent milestone period.
- Kotak Rewards:
- Introducing Kotak Rewards – a new unified point redemption system that simplifies managing rewards points across your Kotak credit cards.
- Redeem your points across various categories like Mobile Recharge, Shopping (access to 10,000 products), E-vouchers from various brands, Movie Tickets (BookMyShow Vouchers), Travel, and more! Terms & Conditions Apply. Redeem Now
- Pay Using Reward Points:
- Make payments without cash. Make payments without your card.
Fees for Kotak Mahindra Bank Limited – Urbane Gold Credit card:
- Card Type: Urbane
- Joining Fee: None
- Annual Fee: Rs. 199
- Condition for First-Year Fee Waiver: Minimum annual retail spends of Rs. 15,000
- Condition for Subsequent-Year Fee Waiver: Minimum annual retail spends of Rs. 15,000
- Add-on Card Fee: None
- Interest Charges on Outstanding Balances: 3.50% (Annualized 42%)
- Minimum Amount Due (MAD): MAD may be 5% or 10% of Total Amount Due (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):
- Nil for statement outstanding less than ₹100
- ₹100 for statement outstanding between ₹100 to ₹500
- ₹500 for statement outstanding between ₹501 to ₹1,000
- ₹500 for statement outstanding between ₹1,001 to ₹5,000
- ₹600 for statement outstanding between ₹5,001 to ₹10,000
- ₹800 for statement outstanding between ₹10,001 to ₹25,000
- ₹1,000 for statement outstanding between ₹25,001 to ₹50,000
- ₹1,200 for statement outstanding greater than ₹50,000
- Cheque Bounce Charges: Rs. 500
- Foreign Currency Mark-Up: 0.035
- Railway Booking Surcharge Waiver: Not Applicable
- Fuel Surcharge Waiver: Not 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
- 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 Urbane Gold 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.