Kotak Urbane Gold Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Kotak Urbane Gold Credit Card
Bank Name :
Kotak Mahindra Bank
Type :
Lifestyle Credit Card
Interest Rate :
Interest Rate: 3.5% per month, 42% per year
Eligibility :
Primary Card holder should be in the age bracket of 21 years to 65 years. Add-on Card holder should be 18 years and above
Location – Ahmedabad, Bangalore, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune
Income – Rs. 3 lac and above per annum
Should be a resident of India
Pros
Reward System: 3x Reward Points per Rs. 100 you spend on all retail transactions. 1 RP = 0.25 Paisa. Cashback Rate: 0.75%.
Milestone Benefit: Upon reaching the spending limit of Rs. 1,00,000 customers can choose any 1 of the following milestone benefits: Free PVR Tickets – 4, or Bonus Reward Points – 10,000.
Cons
Extremely basic credit card.
Limited value add featues.
Low cashback rate.
No welcome benefit.
Pros & Cons
Welcome Benefits
Rewards System
Earn 3 reward points against every Rs. 100/- of retail spends
1 RP = 0.25 Paisa
Effective Cashback Rate: 0.75%
International Forex Markup
Welcome Benefits and Reward System
Special Features
Eligibility Criteria
Primary Card holder should be in the age bracket of 21 years to 65 years. Add-on Card holder should be 18 years and above
Location – Ahmedabad, Bangalore, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune
Income – Rs. 3 lac and above per annum
Should be a resident of India
Benefits
Rewards: Earn 3 reward points for every Rs. 100 spent on all retail transactions.
Reward points can be redeemed for a variety of items, including air tickets, movie tickets, cash, and more.
Free PVR tickets: Spend Rs. 1,00,000 in a year and get 4 free PVR tickets or 10,000 reward points.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Go to the Kotak Mahindra Bank website and click on the "Credit Cards" tab.
Scroll down and click on the "Urbane Gold Credit Card" link.
Click on the "Apply Now" button.
Enter your personal details, such as your name, address, date of birth, and contact information.
Enter your employment details, such as your occupation, income, and employer's name and address.
Enter your bank account details.
Upload a scanned copy of your PAN card and a recent passport-sized photograph.
Click on the "Submit" button.
You will receive an instant decision on your application.
If your application is approved, you will be required to pay a processing fee of Rs. 100.
Your credit card will be delivered to you within 7-10 working days.
Contact Details
1860 266 2666
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Reward System: 3x Reward Points per Rs. 100 you spend on all retail transactions. 1 RP = 0.25 Paisa. Cashback Rate: 0.75%.
Milestone Benefit: Upon reaching the spending limit of Rs. 1,00,000 customers can choose any 1 of the following milestone benefits: Free PVR Tickets – 4, or Bonus Reward Points – 10,000.
Extremely basic credit card.
Limited value add featues.
Low cashback rate.
No welcome benefit.
HDFC Bank Biz Power Credit Card
The card is a premium credit card with a number of value add features. This card offers cashback on even tax and GST payment. Overall it is a must have card for small business owners/ freelancers.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fees Nil
Annual Fees Rs. 199 Condition for waiver of Annual Fees - First Year Minimum retail spends of Rs.15000 each year Condition for waiver of Annual Fees - Second Year Minimum retail spends of Rs.15000 each year
Interest Charges on outstanding Balances 3.50% (Annualized 42%)
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 o/s less than or equal to Rs. 500. Rs. 500 for statement o/s between Rs. 500.01 to Rs. 10,000. Rs. 700 for statement o/s greater than Rs. 10,000)
Foreign Currency Mark Up 3.5%
Fuel Surcharge
Billing Cycle
1 Month