Kotak Mahindra has launched a number of unique credit cards in past such as Kotak Royale Signature Credit Card. Kotak White Credit Card is another unique offering from Kotak Mahindra Bank. This review will explore the benefits, drawbacks, fees, and eligibility of the Kotak White Credit Card, guiding you in making an informed decision.
Overview of the Kotak White Credit Card
The Kotak White Credit Card caters to consumers who want a blend of rewards and convenience. Offered by Kotak Mahindra Bank, one of India's prominent financial institutions, this card is appealing due to its diverse benefits.
Benefits of the Kotak White Credit Card
Reward Points
Kotak White Credit Card does not offer any reward points except milestone benefits which have been captured below.
Milestone Benefits
Creditcardholders will get a White Pass worth INR 2,000 on spending INR 2 lakhs on the credit card.
Users can get a White Pass worth INR 4,000 on spending INR 4 lakhs on the credit card.
A White Pass worth INR 6,000 on spending INR 6 lakhs on the credit card.
A White Pass worth INR 7,000 on spending INR 9 lakhs on the credit card.
A White Pass worth INR 8,000 on spending INR 12 lakhs on the credit card.
White Pass vouchers can be redeemed against luxury brands like Giorgio Armani, Hugo Boss, Diesel, Satya Paul, Gas, Superdry, and Satya Paul.
Welcome Benefit
Users will earn a White Pass worth INR 1,500 on spending INR 30,000 within the first 60 days from card setup.
Travel Benefits
The Kotak White Credit Card comes with a number of travel benefits:
Creditcardholder will get free 4 international lounge visits per year.
Creditcardholder will get free 2 international lounge visits per quarter.
Priority Pass membership. You can read more about what is priority pass membership here.
Cons of the Kotak White Credit Card
Zero Cashback
Kotak White Credit Card does not offer any cashback on normal purchases.
Limited Acceptance of Reward Points
Although the milestone rewards system is robust, some users have noted limitations in where points can be redeemed. These rewards points can be redeemed only against luxuary brands, which severly limits the appeal of this credit card.
Fees and Charges Associated with the Kotak White Credit Card
Joining Fee of INR 3,000 + GST.
Annual fee of INR 3,000 + 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Cash withdrawal charges 2.5% of amount withdrawn or Rs. 500 whichever is higher.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
Eligibility Criteria for the Kotak White Credit Card
Primary Credit Card holders should be in the age bracket of 18 years to 65 years and an Indian resident. Add-on Card holder should be 18 years and above.
Location: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai and Pune.
Income: INR 25 Lakh and above per annum
Final Thoughts
The Kotak White Credit Card is loaded with a number of perks. Individuals who are travel enthusiast will definitely like this card a lot. However, there is one major issue with this card that is it does not offer any cashback on normal spends. It is important to mention here that it has pretty robust milestone spend reward system, however, not having a normal cashback system will definitely limit its appeal.
If you would like to read a more detailed review of this card and our AI-powered unbiased rating of this card click here.
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