Kotak RuPay Credit Card

Kotak Mahindra is a prominent player in India's banking and financial services sector, providing an extensive array of financial solutions catering to various aspects of individuals' lives. Among their diverse offerings, the Kotak RuPay Credit Card facility takes centre stage, featuring two notable cards that provide services to the diverse needs of customers.

Here, we will explore the RuPay credit cards provided by Kotak Mahindra Bank.

Key Highlights of the Kotak RuPay Credit Card

Here are some of the significant highlights of these Kotak Mahindra Rupay credit cards-

Credit Card Name

Offers

Eligible Income

Renewal Charges

Kotak Bank League Platinum Credit Card

Using this credit card, individuals can accumulate 8 reward points for every ₹150 that they spend.

The minimum annual income criteria for eligibility for this card is ₹5 lakh.

₹499 (will be waived upon reaching an annual spending threshold of Rs. 50,000.).

Kotak Bank Mojo Platinum Credit Card

The standout feature of this credit card is its ability to provide 2.5 Mojo points for every ₹100 spent online.

The minimum annual income criteria for eligibility for this card is ₹4 lakh.

₹1,000 is exempted upon reaching a spending threshold of ₹1 lakh in the previous year.

Benefits and Features of Kotak Mahindra RuPay Credit Card

Here are some of the major benefits of these Rupay credit cards-

Card Name

Benefits and Features

Kotak Bank League Platinum Credit Card

  • Earning Points with Every Purchase: The cardholders can accumulate up to 8 reward points for every ₹150 spent, enhancing the value of their transactions.
  •  Entertainment Bonanza: The cardholders can enjoy 4 complimentary PVR tickets or opt for 10,000 Reward Points when they reach a spend of ₹1,25,000 every six months, adding an extra layer of excitement to their card usage.
  • Seamless UPI Payments: The cardholders can experience unparalleled convenience by leveraging the Kotak Credit Card for all their UPI-related payments, simplifying their financial transactions.
  • Fuel Savings Advantage: The cardholders can benefit from a 1% fuel surcharge waiver, providing savings on fuel expenses up to ₹3,500 annually and making their journeys more cost-effective.
  •  Railway Surcharge Waiver: The cardholders can enjoy the privilege of an annual railway surcharge waiver, saving them up to ₹500 and making their travel more economical.

Kotak Bank Mojo Platinum Credit Card

Airport Lounge Privilege: The cardholders can enjoy 8 complimentary visits to Dream Folks Airport Lounges annually within India's domestic terminals, allowing for relaxation and comfort during travels.

Mojo Points Rewards: The cardholders can earn 2500 Mojo points every quarter by spending ₹75,000, a special offer valid for the first year, enhancing the overall rewards experience.

Online Spends Advantage: The cardholders can earn an unlimited 2.5 Mojo points for every ₹100 spent on online transactions, providing a lucrative incentive for their digital purchases.

General Spending Rewards: The cardholders can earn unlimited 1 Mojo points for every ₹100 spent on all other transactions, ensuring consistent rewards for their everyday purchases.

Fuel and Railway Spend Waivers: The cardholders can enjoy waivers on fuel and railway expenses, adding further financial convenience and savings with the Mojo RuPay credit card.

Charges and Fees of Kotak RuPay Credit Card

The Rupay cards of Kotak Bank contain the following charges:

Credit Card Name

Annual Charges

Renewal Charges

Kotak Bank League Platinum Credit Card

₹499

₹499

Kotak Bank Mojo Platinum Credit Card

₹1000

₹1000

Late Payment Charges Applicable on Kotak RuPay Cards

The late payment charges for Kotak RuPay credit cards are as follows:

Outstanding Balance

Amount

Up to ₹500

₹100

Within the range of ₹500 to ₹10,000

₹500

Exceeding ₹10,000

₹700

Eligibility Criteria to Apply for Kotak RuPay Cards

A brief overview of the eligibility criteria is mentioned below-

Kotak Bank League Platinum Credit Card

  • To qualify for this credit card, applicants must fall within the age range of 21 to 65 years.
  • A minimum annual income of 5 lakh is required.

Kotak Bank Mojo Platinum Credit Card

  • To qualify for this card, individuals must be aged between 21 and 65, employed either as salaried or self-employed, with a minimum annual income of 4 lakh.

Documents Required to Apply for the Kotak RuPay Cards

To apply for a Kotak RuPay Card, you need to provide the following documents:

  • Permanent Account Number (PAN Card)
  • ID proof such as Aadhar Card, Driving Licence, Passport, Voter ID Card, Ration Card
  • Two Passport-Size Photographs

How to Apply for Kotak RuPay Credit Cards

You can apply for the Kotak Bank RuPay credit cards through the steps mentioned below:

Step 1: Go to the official website of Kotak Mahindra Bank.

Step 2: Go to the section “Cards & Prepaid Services” and browse through the available credit card options to find the Kotak RuPay Credit Card that suits your needs.

Step 3: Verify the eligibility criteria for the selected credit card. Ensure that you meet the age, income, and other requirements.

Step 4: Fill out the online application form with accurate personal and financial details. Provide the necessary documents, such as proof of identity, address, and income.

Step 5: Submit the completed application form along with the required documents.

Step 6: The bank will review your application, including a credit check.

Step 7: The bank may contact you for additional information or verification if needed.

Step 8: If your application is approved, you will receive confirmation from the bank.

Similar Credit Cards

Other similar RuPay cards are:

Credit Card Name

Characteristics

HDFC Bank Platinum Times Credit Card

  • The HDFC Platinum Times Card, recognized as the "Entertainment Card" by HDFC Bank, offers a range of advantages associated with movies, dining, and shopping.
  • For weekday dining expenditures of ₹150, cardholders receive 10 reward points, and for every spend of ₹150, they earn 3 reward points.

ICICI Bank Coral Credit Card

  • This card allows you to accumulate up to 2 reward points for every ₹100 spent, and these points are applicable for redemption across various categories and products.
  • Additionally, the Coral credit card features a milestone program, offering the chance to earn up to 10,000 bonus Reward Points annually.

Axis Bank Neo Credit Card

  • The Axis Bank Neo Credit Card, issued by the bank, provides diverse discounts, cashback, and reward points for shopping. When using this card to book movies through BookMyShow, cardholders can avail a 10% discount.
  • The card offers supplementary perks such as a 1% fuel surcharge waiver, attractive discounts from partner brands, and various other benefits.
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