This article provides a concise overview of the prominent features, eligibility prerequisites, and the application procedure for Kotak Mahindra Bank Limited’s White Credit Card.
Features of Kotak Mahindra Bank Limited – White Credit Card:
Main features:
- Straightforward Milestone Structure
- No need for point calculations. Attain direct White Pass value upon reaching spending milestones.
- Welcome Benefit
- Accumulate White Pass value of ₹1,500* by spending ₹230,000 within 60 days from card activation.
- Exclusive Value Proposition Luxurious Airport Lounge Access Earn White Pass value up to Rs. 27,000 yearly on annual spends of Rs. 12 lakhs.
- High-End Redemption Catalog Exchange White Pass balance for luxury brands available at www.KotakBankWhite.com
- Priority Pass Inclusion Annual membership to Priority Pass worth $99
- Global VIP Pass Exclusive entry to 1300+ lounges in 148 countries, through Priority Pass.
- International Lounge Access** Enjoy 4 complimentary lounge visits yearly, powered by Priority Pass
- Domestic Lounge Access Get 8 free Dream Folks Lounge visits at select Indian airports (2 per quarter)
Additional Features:
- Surcharge Benefits Fuel:
- Get a 1% fuel surcharge waiver at all petrol pumps across India Railway: Save 1.8% to 2.5% on tickets booked at www.irctc.co.in or railway booking counters^
- Appealing EMI Options
- Convert purchases over ₹2500 into convenient EMI payments
- Balance Transfer:
- Enjoy a 3-month, interest-free period when transferring outstanding balances from other credit cards to Kotak White Credit Card. Processing Fee: ₹349 + Service Tax per ₹10,000 transferred
- Complimentary Add-On Card:
- Provide loved ones with a free add-on card, allowing customizable spending limits to suit their needs
- Priority Assistance Service:
- Call 1800 266 6666 or SMS KPRIVY to 5676788 for quick assistance. Expect a callback within 30 minutes for any queries.
Fees for Kotak Mahindra Bank Limited – White Credit card:
- Joining Fees: Nil / Rs. 3,000
- Annual Fees: Nil / Rs. 3,000
- Condition for waiver of Annual Fees: Nil / Annual retail spends of Rs. 5 lakh
- Add-on Card Fees: Nil / Nil
- Interest Charges on outstanding Balances: 3.5% (Annualized 42%) / 3.5% (Annualized 42%)
- Minimum Amount Due (MAD): MAD can be 5% or 10% of TAD as decided by the Bank / MAD can be 5% or 10% of TAD as decided by the Bank
- ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance: 2.5% on advance amount, subject to a minimum of ₹500 / 2.5% on advance amount, subject to a minimum of ₹500
- Late Payment Charges (“LPC”):
- <₹100: ₹0 / <₹100: ₹0
- ₹100 – ₹500: ₹100 / ₹100 – ₹500: ₹100
- ₹501 – ₹5,000: ₹500 / ₹501 – ₹5,000: ₹500
- ₹5,001 – ₹10,000: ₹600 / ₹5,001 – ₹10,000: ₹600
- ₹10,001 – ₹25,000: ₹800 / ₹10,001 – ₹25,000: ₹800
- ₹25,001 – ₹50,000: ₹1,000 / ₹25,001 – ₹50,000: ₹1,000
₹50,000: ₹1,200 / >₹50,000: ₹1,200
- Over Limit Charge: Rs. 500 / Rs. 500
- Cheque Bounce Charges: 2% of bounce amount, subject to a minimum of ₹500 / 2% of bounce amount, subject to a minimum of ₹500
- Standing Instruction Failure / Auto-debit return fee: 2.0% on bounce amount, subject to a minimum of ₹450 / 2.0% on bounce amount, subject to a minimum of ₹450
- Foreign Currency Mark Up: 3.5% / 3.5%
- Railway Booking Surcharge (1.8%/2.5% on transaction amount)*: Waived / Waived
- Fuel Surcharge (1% on transaction)**: Waived / Waived
- Fee for Cash payment at Bank: Rs. 100 / Rs. 100
- Outstation Cheque Processing Fee: Waived / Waived
- Reissue/ Replacement Card (per issuance): ₹100 / ₹100
- Charge Slip Request: Waived / Waived
- Machine Surcharge at ATMs: Waived / Waived
- Balance Enquiry Charges at Non Parent Bank ATM: Waived / Waived
- Duplicate Statement Request: Waived / Waived
- Furnishing a copy of Credit Information: Rs. 50 / Rs. 50
- Web Pay Service Fee: Waived / Waived
- Please Note: GST/Applicable taxes, would 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
- *Maximum Railway surcharge waiver of Rs. 500 in a calendar year
- **Fuel surcharge to be waived only for transactions between values of Rs. 500 – Rs. 3000. Maximum Fuel surcharge waiver of Rs. 3500 in a calendar year.
How to apply?
Click here to apply for the Kotak Mahindra Bank Limited’s White 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.