Kotak Mahindra Bank Credit Card Interest Rates

Here is the table for the Kotak Bank credit card interest rate-

With its credit cards, Kotak Mahindra offers a variety of exciting benefits in a variety of categories. Premium cards with high annual fees provide greater rewards and benefits than basic cards with lower annual fees.

The following are the general features and benefits of the Kotak Mahindra Credit Cards-

One of the most appealing features of Kotak Bank Credit Cards is the Reward Points/Cashback benefits, which reward you with reward points or cash back every time you use your credit card. The reward rate may differ between credit cards.

Milestone benefits are the perks you get when you spend a certain amount of money in a certain amount of time, which is usually one anniversary year. Milestone benefits, like welcome benefits, can take the form of bonus rewards, accelerated cashback, and other perks.

When you join the card membership, you will receive a slew of welcome benefits related to the Kotak Mahindra Cards. These benefits can include things like free premium memberships, gift cards, bonus reward points, accelerated cashback, and much more.

You typically receive these benefits after paying the joining fee or meeting the specified milestone spend within the first few months.

The following are the actions you must take to begin your application-

Step 1: Visit the official Kotak Mahindra website.

Step 2: Choose 'Cards' and then 'Credit Cards' from the 'Browse Products' tab.

Step 3: You will be taken to a page that lists all of Kotak's credit cards.

Step 4: Once you have found a card to apply for, you can select 'Apply Now.'

Step 5: To complete your application, you must enter the required information.

While the eligibility conditions for each card vary, the following are the general requirements-

• 21 years of age or older
• Indian resident who is salaried professional or self-employed
• A minimum annual income of Rs. 3 lakhs per year is required.

The documents that are required are-

1. a) ID Proof: PAN, Aadhaar, License, or passport.
2. b) Address Proof: Aadhaar, License, Passport, or Utility Bill.
3. c) Income Proof: Bank statement, salary slip, or form 16.

The features offered by the various credit cards of Kotak Mahindra Bank include-

The cardholder can not only withdraw cash from Kotak and other Visa ATMs but also acquire cash and conduct financial transfers at branches, as well as request a Demand Draft online and offline. You would never run out of methods to get cash with so many options.

This card is best suited for dining expenses. Spend at least 5000/- on dining and movies and earn 10 DINING POINTS for every extra 100/- spent on dining and movies.

The credit card comes with an insurance policy that provides coverage against loss or theft of the card. The insurance protects the cardholder from unauthorized transactions and has a coverage limit of Rs.1.25 lakh.

The key focus of the Kotak Delight Platinum Credit Card is the collection of advantages it provides in lifestyle categories such as dining, travel, and gasoline.

This card is best suited for retail transactions. Every time you spend Rs.100 on retail transactions, you will receive a 3X reward.

The Kotak League Platinum credit card is accepted internationally, and cardholders can make credit purchases at any merchant outlet store anywhere in the world.

This is a shopping card. You get up to 5x points for every Rs.100 spent on clothes.

Apart from failing to pay the full amount due by the due date, there are numerous other behaviors or transactions on your card that carry interest rates.

Here are a few examples when credit card interest rate kotak Mahindra will be charged-

• When you choose to pay only the minimum due and carry a portion of the entire outstanding amount forward to the following billing cycle.
• When you withdraw the cash amount with your credit card, cash advances are expensive, but if you utilize this benefit while traveling, you will be charged a large cash advance price.
• Late fees and other penalties will be assessed if you do not pay minimum amount due by the due date.
• When you use your credit card in an overseas location, you will be charged additional fees.

On their credit cards, Kotak Mahindra Bank offers an interest-free period. However, the interest-free period does not apply to cash advance transactions.

In addition, if the consumer fails to pay the credit card bill by the due date, the interest free period is forfeited. As a result, no following transactions benefit from an interest-free term.

• Whether you're buying a new smartphone or getting travel tickets, you may transform any transaction above Rs.2,500 into monthly installments.
• If you're finding it tough to settle your outstanding balance in one go, you might choose balance EMI conversion. When you choose this program, you also obtain amazing interest rates.
• You can access cash anytime and wherever you want with this option. There's cash available at ATMs, and banks, by transferring funds online or requesting a demand draft.
• Move your outstanding balances from other credit cards to your Kotak card to simplify debt management. You will also have access to a 90-day interest-free term.