This article provides a concise overview of the prominent features, eligibility prerequisites, and the application procedure for Kotak Mahindra Bank Limited’s Veer Select Credit Card.
Features of Kotak Mahindra Bank Limited – Veer Select Credit Card:
Main features:
- Veer Points Program
- Get 9 Reward Points for every Rs. 200 spent on Dining, Movies, Departmental Stores, and Grocery
- Acquire 3 Reward Points for every Rs. 200 spent on other categories
- New Member Incentive
- Make a purchase of Rs. 500 within 30 days of receiving your card to enjoy a complimentary IHO membership valued at Rs. 8,500
- Yearly Travel Benefits
- Avail 8 Free Airport Lounge visits annually, allowing 2 visits per calendar quarter within India
- Waiver on Fuel Surcharge
- Get a 1% waiver on fuel surcharge at all Fuel Stations with the Kotak Veer Credit Card
Additional Features:
- Railway Surcharge Benefit
- Enjoy a 1.8% waiver on railway surcharges for transactions made on www.irctc.co.in and a 2.5% waiver for transactions at Indian Railways Booking Counters.
- Supplementary Card
- Receive a complimentary Add-on card with all the privileges of your primary credit card Set spending limits as per your preference for each Add-on Card Monitor expenditures separately for each Add-on Card Apply
- Enhanced Security Features
- An embedded EMV Chip provides an added layer of security Transactions require a 6-digit PIN authentication for heightened security
- Introducing Kotak Rewards – your new unified point redemption system for managing Reward Points across your Kotak credit cards. Redeem points across various categories such as Mobile Recharge, Shopping (with access to 10,000 products), E-vouchers from diverse brands, Movie tickets (BookMyShow Vouchers), Travel, and more!
- Pay Using Reward Points: Make payments without cash. Make payments without your card.
Fees for Kotak Mahindra Bank Limited – Veer Select Credit card:
- Joining Fee: Not Applicable (NA)
- Annual Fee: Rs. 599
- Condition for First-Year Annual Fee Waiver: Not Applicable (NA)
- Condition for Annual Fee Waiver: Annual retail spends of Rs. 1,00,000 in the previous anniversary year
- Add-on Card Fee: None
- Interest Charges on Outstanding Balances: 3.5% (Annualized 42%)
- Minimum Amount Due (MAD) in Statement: 5%
- 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 statement outstanding less than or equal to Rs. 500.
- Rs. 500 for statement outstanding between Rs. 500.01 to Rs. 10,000.
- Rs. 700 for statement outstanding greater than Rs. 10,000.
- Over Limit Charge: Rs. 500
- Cheque Bounce Charges: Rs. 500
- Foreign Currency Mark-Up: 3.5%
- Railway Booking Surcharge (1.8%/2.5% on transaction amount)*: Waived
- Fuel Surcharge (1% on transaction)**: Waived
- 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
- *Save railway surcharge waiver of 1.8% for transactions on www.irctc.co.in and 2.5% for transactions on Indian Railways Booking Counters. Maximum railway surcharge waiver allowed in a calendar year is Rs. 500/-
- **Save fuel surcharge waiver of 1% across Fuel Stations on Kotak Veer Credit Card. Maximum fuel surcharge waiver allowed in a calendar year is Rs. 3,500/-
How to apply?
Click here to apply for the Kotak Mahindra Bank Limited’s Veer Select 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.