This article provides a concise overview of the prominent features, eligibility prerequisites, and the application procedure for Kotak Mahindra Bank Limited’s White Reserve Credit Card.
Features of Kotak Mahindra Bank Limited -White Reserve Credit Card:
Main features:
- Utilize your White Pass balance for a variety of options:
- Gift vouchers from premium brands
- Flight bookings
- Hotel reservations
- Contributions to philanthropic causes
- Cashback rewards
- Exclusive curated travel experiences in partnership with National Geographic
- To access these benefits:
- Log in to the Kotak Mobile app
- Tap on the Card Overview icon and input your MPIN
- Navigate to the reward points section
- Select ‘Claim now’ to access the White Pass redemption portal
- Choose the desired redemption option
- Upon successful redemption, receive confirmation via email & SMS detailing the transaction
- Track all redemptions in the Redemption History tab within the White Pass portal
- Accumulate White Pass value with every spending milestone
- Exchange 1 White Pass for ₹1 in the White Pass catalog (excluding cashback)
- Exchange 1 White Pass for ₹0.70 in cashback value
- White Pass Validity:
- The White Pass balance remains valid for an additional 90 days post every anniversary cycle. For instance, if your card was activated on
- June 1, 2021, the balance earned between June 1, 2021, and May 31, 2022, can be claimed until August 29, 2022.
- The White Pass value resets to zero on each card anniversary date.
Additional Features:
- International Lounge Access:
- Enable international transactions (Online & in-store/POS) via your Kotak Bank Mobile App or Net Banking to allow visit validation charges of $1.00, automatically reversed within 7 working days.
- Guests will incur a charge of USD 32 per person per visit.
- Domestic Lounge Access:
- At domestic lounges, a visit validation charge of INR 2/- will be applied.
- Luxury Concierge Services Include:
- Curated Travel Experiences: Access a diverse range of unique travel ventures tailored for you.
- Personal Shopping Team: Assistance in curating and negotiating exclusive deals on luxury brands.
- Fine Dining Reservations: Reserve tables at premier global restaurants.
- Everyday Gifting: Arrange special deliveries and gifts for your loved ones.
- Exclusive Events and Experiences: Entry to sought-after global events.
- Club Marriott Membership:
- Valid across 350 participating Marriott hotels and 1000 restaurants in the Asia Pacific region. View the full list of participating venues here.
- Perks at Participating Marriott Hotels:
- Fine Dining: Up to 25% off on food and beverage bills at participating Indian restaurants and up to 20% off across the Asia Pacific (excluding Sunday Brunches) for a maximum of 10 guests.
- Luxurious Stays: Up to 20% off on Best Available Room Rates in India and Best Weekend Room Rates in the Asia Pacific.
- Personal Care: Up to 20% off on select spa treatments in India.
- Celebration Certificate: 1 certificate offering 50% off on food and 30% off on beverage bills for up to 10 guests at all-day dining restaurants in India.
- Complimentary Certificates: 2 certificates offering a flat 30% discount on the best available rate for 2-night stays each, in India.
Fees for Kotak Mahindra Bank Limited – White Reserve Credit card:
- Joining Fees: Rs. 12,500
- Annual Fees: Rs. 12,500
- Condition for Annual Fee Waiver: Annual Spends of Rs. 10 lac
- Addon Card Fees: None
- Interest Charges on Outstanding Balances: 3.5% (Annualized 42%)
- Minimum Amount Due (MAD):
- MAD can 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:
- 2.5% on the advance amount, with a minimum charge of ₹500.
- Late Payment Charges (LPC):
- Based on the due amount from the last statement:
- Below ₹100: ₹0
- ₹100 – ₹500: ₹100
- ₹501 – ₹5,000: ₹500
- ₹5,001 – ₹10,000: ₹600
- ₹10,001 – ₹25,000: ₹800
- ₹25,001 – ₹50,000: ₹1,000
- Above ₹50,000: ₹1,200
- Based on the due amount from the last statement:
- Over Limit Charge: Waived
- Cheque Bounce Charges: 2% of bounce amount, minimum ₹500
- Standing Instruction Failure/Auto-debit return fee: 2.0% on the bounce amount, minimum ₹450
- Foreign Currency Mark Up: 2.0%
- Fuel Surcharge (1% on transaction): Waived
- Fuel surcharge waived for transactions between Rs. 400 – Rs. 4,000. Maximum waiver of Rs. 4,500 in a calendar year.
- 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
- Furnishing a Copy of Credit Information: Rs. 50
- Web Pay Service Fee: Waived
- Please Note:
- GST/Applicable taxes will be charged according to annually approved rates in the Finance Act 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 White Reserve 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.