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Kotak Zen Signature Credit Card

Product Details
Credit Card Name : 

Kotak Zen Signature Credit Card

Bank Name :

Kotak Mahindra Bank

Type :

Rewards Credit Card

Interest Rate : 

Interest Rate: 3.5% per month, 42% per year.

Eligibility :

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

Kotak Zen Signature Credit Card
Pros
  • Welcome Benefit: You get 1500 Zen points as welcome gift. 

  • Reward System: 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%. Get 5 Zen points on all other spends of INR 150. General cashback rate: 0.8%.

  • Milestone Benefit: Get 15.000 bonus ZEN Points on crossing annual spends of INR 6,00,000 each year. 

  • Get 2 free visits every quarter, to select Dream Folks Lounges only in India. 

  • 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).

  • Annual fee waiver on spending INR 1.5 Lakh on your credit card.

Cons
  • No free movie tickets.

  • Low cashback rate. 

  • Limited  value add features. 

Pros & Cons
Welcome Benefits

Welcome Benefit: You get 1500 Zen points as welcome gift. 

Rewards System

Reward System: 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%. Get 5 Zen points on all other spends of INR 150. General cashback rate: 0.8%.

International Forex Markup

3.5%.

Welcome Benefits and Reward System
Special Features

Milestone Benefit: 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

Benefits
  • Welcome benefits.

  • Good travel benefits.

  • Cashback benefits. 

  • Lounge benefits. 

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
Kotak Zen Signature Credit Card Review

The card offers a low cashback rate. It has limited value add features. At best it is a mediocre card.

Abhijeet Saxena

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 Fee of INR 1,500 + GST. 

  • Annual fee of INR 1,500 + GST. 

  • Cash withdrawal charges 2.5% of amount withdrawn or Rs. 500 whichever is higher. 

  • 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. 

  • Redemption Fee Rs. 99/- per redemption request. 

  • Bank Charges Cross Currency markup of 3.5% on the transaction value

  • Interest Rate: 3.5% per month, 42% per year. 

Fuel Surcharge

1% fuel surcharge, waived on transaction value between INR 500 and INR 3000, maximum waiver of INR 3500 in a year. 

Billing Cycle

30 Days.

Fees & Charges
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