Kotak Zen Signature Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get 1500 Zen points as a welcome gift.
Milestone Benefits
Milestone Benefit: Users will get 15,000 bonus ZEN Points on crossing annual spends of Rs 6,00,000 each year.
Cashback Rate
Users will get 10 Zen points for every INR 150 spent on apparels, lifestyle goods, departmental stores and jewellery. Value of 1 Zen point = INR 0.25. Shopping cashback rate: 1.6%.
5 Zen points on all other spends of INR 150. General cashback rate: 0.8%.
Movie Benefits
Dining Benefits
Other Benefits
Annual fee waiver on spending Rs Rs 1.5 Lakhs on your credit card.
Lounge Access
Users will get 3 free access per calendar year to Priority Pass International Lounges outside India. (4 purchase transactions (online or retail) are necessary to be carried out each calendar year to avail the benefit of 3 complimentary visits to international lounge).
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get 1500 Zen points as a welcome gift.
Milestone Benefits
Milestone Benefit: Users will get 15,000 bonus ZEN Points on crossing annual spends of Rs 6,00,000 each year.
Cashback Rate
Users will get 10 Zen points for every INR 150 spent on apparels, lifestyle goods, departmental stores and jewellery. Value of 1 Zen point = INR 0.25. Shopping cashback rate: 1.6%.
5 Zen points on all other spends of INR 150. General cashback rate: 0.8%.
Movie Benefits
Dining Benefits
Other Benefits
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Lounge Access
Users will get 3 free access per calendar year to Priority Pass International Lounges outside India. (4 purchase transactions (online or retail) are necessary to be carried out each calendar year to avail the benefit of 3 complimentary visits to international lounge).
Fees & Charges
Joining Fee
of INR 1,500 + GST.
Annual Fee
of INR 1,500 + GST.
Cash Advance Fee
2.5% of amount withdrawn or Rs. 500 whichever is higher.
Interest rate
Interest Rate: 3.5% per month, 42% per year.
Late Payment Fee
Late payment charges - Upto ` 100- Rs. 0/- > ` 100 to `500- Rs. 100/- > ` 500 to `5,000- Rs. 500/- > ` 5,000 to `10,000- Rs. 600/, 10,000 to 25,000- Rs. 800/, 25,000 to 50,000- Rs. 1,000/, more than 50,000: INR 1,200.
Foreign Currency Transactions Fee
3.50%
Other Fees
Cash withdrawal charges 2.5% of amount withdrawn or Rs. 500 whichever is higher. | Redemption Fee Rs. 99/- per redemption request. | Bank Charges Cross Currency markup of 3.5% on the transaction value
Fees & Charges
Joining Fee
of INR 1,500 + GST.
Annual Fee
of INR 1,500 + GST.
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: 3.5% per month, 42% per year.
Late Payment Fee
Late payment charges - Upto ` 100- Rs. 0/- > ` 100 to `500- Rs. 100/- > ` 500 to `5,000- Rs. 500/- > ` 5,000 to `10,000- Rs. 600/, 10,000 to 25,000- Rs. 800/, 25,000 to 50,000- Rs. 1,000/, more than 50,000: INR 1,200.
Foreign Currency Transactions Fee
3.50%
Other Fees
Cash withdrawal charges 2.5% of amount withdrawn or Rs. 500 whichever is higher. | Redemption Fee Rs. 99/- per redemption request. | Bank Charges Cross Currency markup of 3.5% on the transaction value
Special Features
Milestone Benefit: Users will get 15.000 bonus ZEN Points on crossing annual spends of INR 6,00,000 each year.
Eligibility Criteria
Primary credit card applicant should be in between the age bracket of 21 to 65 years. Additional credit card applicant should be 18 years and above.
Geographic Location - Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai and Pune.
Minimum net income – INR. 4.8 lakh and above per annum.
Residence: Should be a resident of India.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online Visit the Kotak Mahindra Bank website and click on the "Credit Cards" tab.
Select the "Zen Signature Credit Card" and click on the "Apply Now" button.
Fill in the application form with your personal and financial details.
Upload the required documents, such as your PAN card, Aadhar card, and income proof.
Review and submit your application.
The bank will review your application and get in touch with you if you are approved for the card.
The required documents for applying for a Kotak Mahindra Zen Signature Credit Card are: PAN card Aadhar card Income proof (salary slip, salary certificate, Form 16 for salaried individuals; PAN card, IT return, Form 60/61 for self-employed individuals)
Contact Details
1860 266 2666
Account Opening and Procedure
The card offers a low cashback rate. It has limited value add features. At best it is a mediocre card.
The card offers a low cashback rate. It has limited value add features. At best it is a mediocre card.
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