Kotak Mahindra Bank
- Pratibha Sharma
- Aug 6
- 11 min read
Updated: Aug 11
In today's blog, we will give you the information about Kotak Mahindra Bank Credit Cards based on their welcome rewards, cashback rate, and more.
Kotak Mahindra Bank has been around since the mid-80s and has grown into one of India’s names for banking. Over time, it’s done a solid job of understanding what people need from their financial tools, especially when it comes to credit cards. The cards they offer aren’t just about swiping and paying; they’re made to fit into everyday life. Whether you're filling up your car, booking a flight, ordering food, or just shopping online, there's usually something in it for you, like cashback, points, or discounts.
A lot of these cards come with no joining fee. And getting one is super simple, you can apply online, and in most cases, it gets approved really fast. No piles of paperwork, no unnecessary delays. You’re up and running in no time. More than just convenience, though, it’s the little extras that count. You end up saving a bit here, earning some points there and it adds up. It’s clear that Kotak’s approach to credit cards is more about helping you get something back every time you spend, rather than just giving you a way to pay. And that’s exactly what most of us are looking for these days.
Top 5 Credit Cards of Kotak Mahindra Bank
Kotak Myntra Credit Card:
The Kotak Myntra card comes with many advantages, but for contemporary customers. On all purchases made on Myntra's platforms, cardholders can get an instant 7.5% discount, up to a maximum discount of INR 750 per transaction. Moreover, up to INR 1,000 in cashback can be earned on purchases made in any category of preferred partner, with a 5% cashback rate applied. Rent, wallet top-ups, and fuel purchases are not eligible for the unlimited 1.25% cashback that is received on other online and offline purchases. Additionally, the card offers a free Myntra Insider Program membership. With a combination of rewards and discounts, these features make the Myntra Kotak Credit Card an excellent choice for people who often purchase on Myntra and its partner brands.
The Myntra Insider Program is a loyalty program that rewards frequent shoppers with exclusive perks and benefits. Members earn points, called SuperCoins, with every purchase and can use them to unlock various rewards and offers on the Myntra platform.
Fees And Charges:
Joining Fees: INR 500
Interest Rate: 3.7% per month, 44.4% per year)
Welcome Benefit: Customers get a Myntra Voucher worth Rs.500 on activation of the card. Complete 1 transaction worth Rs. 500 or more within 30 days of card issuance to be eligible for the activation benefit.
Special Feature: Instant discount of 7.5% on Myntra app and website (max INR 750 per transaction).
IndianOil Kotak Credit Card:
The IndianOil Kotak Credit Card is a handy fuel credit card made for people who often visit IndianOil petrol pumps. You earn 4% back in the form of reward points when you refuel at IndianOil outlets, which can save you up to INR 300 per month if you’re a regular driver. On top of that, you get 2% back on groceries and dining, and even though other spends (like UPI or online shopping) give only 0.5%, it still adds up over time. There’s a small joining and annual fee of INR 449, but the annual fee is waived if you spend INR 50,000 or more in a year, which isn’t too hard if you use the card regularly. There’s also a welcome bonus of 1,000 points if you spend INR 500 in the first month.
One thing to note is that redeeming the points isn't always simple. Some users have found the process confusing or not very rewarding unless the points are converted into IndianOil’s XTRAREWARDS fuel points. Even then, the value you get back is around INR 0.30 per point, which is okay, but not great. Also, recently, Kotak Mahindra Bank has faced restrictions from the RBI, so getting this card right now might not be possible.
Fees And Charges
Joining Fees: INR 1000
Interest Rate: 3.70%p.m. 42.00% p.a.
Welcome Benefit: Earn 2,000 bonus points after your first purchase within 30 days of card approval.
Special Feature: The reward points never expire.
Kotak IndiGo 6E Rewards XL Credit Card:
If you're someone who travels often with IndiGo, there's a credit card from Kotak that might just suit your needs. It’s designed specifically for flyers, offering perks that make the whole airport and flying experience smoother. Right from the start, it gives you a free flight ticket worth INR 3,000, plus extras like priority check-in, a seat of your choice, and even a meal, all included in something called 6E Prime. You also get access to airport lounges eight times a year, which adds a bit of comfort before your flights.
Besides travel, the card helps you earn rewards on daily spending too, and you can use those points later to book more IndiGo flights. Just keep in mind, the welcome goodies are only available if you pay the joining fee, if it’s waived for some reason, those benefits don’t apply. Overall, this card works best for people who regularly fly with IndiGo and want both comfort and a bit of savings along the way.
Fees And Charges:
Joining Fees: INR 2500 ( INR 1500 as an introductory fee).
Interest Rate: 3.50% (42% annualized).
Welcome Benefit: Customers get a welcome ticket worth Rs. 3,000.
Special Feature: 8 lounge access per year with 2 every quarter.
PVR INOX Credit Card:
The PVR INOX Kotak Credit Card is built for people who love going to the movies. With this card, you can earn free movie tickets just by using it for your regular monthly spending. For every INR 10,000 you spend, you get one movie ticket and if you spend more, you can get more tickets too. What makes it even better is the flat 20% off on food and drinks at PVR INOX cinemas, plus a 5% discount on movie tickets, which adds up to solid savings if you're a regular visitor. Users can claim free tickets, known as M-Coupons, is simple. Users can do it directly through Kotak’s mobile app or net banking by following a few easy steps. On top of that, this card gives you access to the exclusive In-Cinema Lounges at PVR INOX without needing to pay anything extra to enter. You can sit back and enjoy the comfort, although anything you order inside the lounge will be billed separately. All in all, it’s a card that rewards your entertainment habits while making every movie night feel a bit more special.
Fees And Charges:
Joining Fees: Nil
Interest Rate: 3.50% (42% annualized).
Welcome Benefit: None
Special Feature: Cardholders get 1 free PVR INOX movie ticket worth Rs. 300 each on every Rs. 10,000 spent during a billing cycle.
Kotak 811 Credit Card:
The Kotak 811 Credit Card is a practical option for budget-conscious users looking to make the most out of everyday spending. With this card, you earn reward points on nearly all your purchases, 1 point for every INR 100 spent on general shopping, and double the points when you shop online. There’s also a starter bonus: spend INR 5,000 within the first 45 days of getting the card, and you’ll receive 500 extra reward points.
One of the standout features is that you can withdraw cash without any interest for a limited period, and the card's credit limit is linked to 90% of your fixed deposit, giving a nice balance of flexibility and control. To help you save even more, there are waivers on fuel and railway booking surcharges. However, it's worth noting that since these categories already have fee waivers, you won’t earn reward points on them, and the same goes for cash withdrawals. Overall, this card suits someone who wants rewards without overspending and without any unnecessary things, and can easily save.
Fees And Charges:
Joining Fees: INR 500
Interest Rate: 3.50% (42% annualized).
Welcome Benefit: Customers get 500 Bonus Reward Points on expenditure of Rs. 5,000 within 45 days of card issuance.
Special Feature: Save railway surcharge of 1.8% for transactions on www.irctc.co.in and 2.5% for transactions on Indian Railways Booking Counters.
Welcome benefits:
Kotak League Platinum Credit Card: Customers get reward points worth INR 500.
Kotak Zen Signature Credit Card: Customers get 1500 Zen points as a welcome gift.
Kotak White Credit Card: Customers can earn a White Pass worth INR 1,500 on spending INR 30,000 within the first 60 days of card setup.
Kotak IndiGo 6E Rewards XL Credit Card: Customers get a welcome flight ticket worth Rs. 3,000.
Kotak IndiGo 6E Rewards Credit Card: Customers get a welcome ticket worth INR 1500.
PVR INOX Kotak Credit Card: None.
Indian Oil Kotak Credit Card: Customers get 1000 Reward points as a welcome benefit on spending INR 500 within 30 days of card issuance.
Myntra Kotak Credit Card: Customers get a Myntra Voucher worth Rs.500 on activation of the card. Complete 1 transaction worth Rs. 500 or more within 30 days of card issuance to be eligible for the activation benefit.
Kotak Mojo Platinum Credit Card: None.
Kotak 811 Dream Different Credit Card: Customers get 500 Reward points on activation and spending INR 5000 in the first 45 days.
Kotak 811 Credit Card: Customers get 500 Reward points on activation and spending INR 5000 in the first 45 days.
Kotak Urbane Gold Credit Card: None.
Annual Fees:
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Kotak IndiGo 6E Rewards Credit Card | Joining and Annual Fees: INR 700. |
Kotak Urbane Gold Credit Card | Joining Fees Nil Annual Fees Rs. 199 Condition for waiver of Annual Fees - First Year: Minimum retail spends of Rs.15000 each year. |
Kotak 811 Credit Card | Joining Fees: Rs. 500 Annual Fees: Rs. 500 Condition for waiver of Joining Fees NA Condition for waiver of Annual Fees Rs. 50,000. |
Kotak 811 Dream Different Credit Card | Joining Fees: NIL. Annual Fees Nil Condition for waiver of Annual Fees - First Year NA Condition for waiver of Annual Fees - Second Year NA. |
Kotak Mojo Platinum Credit Card | Joining Fee: INR 500. Annual fee: INR 500. |
Myntra Kotak Credit Card | Joining Fee of INR 500 Annual fee of INR 500 |
Indian Oil Kotak Credit Card | Joining Fee: INR 449 Annual fee: INR 449 |
PVR INOX Kotak Credit Card | Joining Fee: Nil. Annual Fees: ₹ 499/-. |
Kotak IndiGo 6E Rewards XL Credit Card | Joining and Annual Fees: INR 2500 (1500 as an introductory fee). |
Kotak White Credit Card | Joining Fee of INR 3,000 + GST. Annual fee of INR 3,000 + GST. |
Kotak Zen Signature Credit Card | Joining Fee of INR 1,500 + GST. Annual fee of INR 1,500 + GST. |
Kotak League Platinum Credit Card | Joining Fee of INR 499 + GST. Annual fee of INR 499 + GST. |
How To Activate Kotak Mahindra Bank Credit Card?
Online Activation via Mobile App or Net Banking:
Download the Kotak Mahindra Bank mobile app or log in to the net banking portal.
Navigate to the credit card section and select the activation option..
Enter your credit card details, including the card number, expiry date, and CVV.
Submit the details and enter the OTP received on your registered mobile number.
Set your desired four-digit PIN and complete the submission to activate your card.
Offline Activation via ATM:
Visit your nearest Kotak Mahindra Bank ATM..
Insert your credit card and enter the initial PIN provided by the bank.
Follow the prompts to create a new PIN.
Your credit card will be activated upon completion.
Activation via Customer Care:
Call the Kotak Mahindra Bank customer care service.
Provide your credit card details and follow the instructions given by the representative to activate your card.
Activation via IVR:
Dial the Kotak Mahindra Bank IVR service number.
Follow the voice prompts to enter your credit card details and complete the activation process.
Eligibility Criteria:
Age: 21 to 65 years.
Income: Minimum of Rs. 3 lakh per annum.
Employment: Salaried or self-employed with a steady income.
Credit Score: A good credit score, preferably above 750.
Nationality: Indian citizens, residents, and non-residents (specific conditions apply).
Location: Specific location criteria may apply, such as residing in certain cities or regions within India.
Other Fees And Charges:
Interest Rates: 3,50%p.m. 42.00% p.a.
Cash Advance Charges: 2.5% on the advance amount, subject to a minimum of INR 500.811 #Dream Different: INR 100 for every instance of ATM withdrawal and Fund transfer.
Late Payment Charges: Ranges from INR 0 to INR 1200.
Foreign Currency Mark-up Fees: All overseas transactions are levied with a 3.5% transaction fee.
Kotak Mahindra Bank’s Journey:
Kotak Mahindra Bank, a name synonymous with innovation in the Indian banking sector, has a rich history that exemplifies growth, vision, and entrepreneurial spirit. The bank's journey began in 1985 when Uday Kotak, with a vision to provide financial solutions tailored to Indian needs. The company, initially engaged in bill discounting and lease and hire purchase activities, quickly expanded its services to include car financing and investment banking.
The pivotal year of 1986 saw Anand Mahindra and his father Harish Mahindra invest in the company, leading to its rebranding as Kotak Mahindra Finance. This infusion of trust and capital set the stage for a series of expansions and partnerships that would define the company's growth trajectory. By the early 1990s, Kotak Mahindra Finance had ventured into car financing and investment banking, marking its presence in the burgeoning Indian financial market.
The late 1990s and early 2000s saw the establishment of Kotak Mahindra AMC and OM Kotak Mahindra Life Insurance, expanding the company's portfolio to include mutual funds and life insurance. These strategic moves not only diversified the company's offerings but also laid the groundwork for its transformation into a full-fledged banking institution.
In 2003, Kotak Mahindra Finance Ltd. received a banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank – Kotak Mahindra Bank Ltd. This transition marked a new era for the company, allowing it to offer a comprehensive suite of banking products and financial services, ranging from consumer banking to wealth management.
Today, Kotak Mahindra Bank stands as India's third-largest private sector bank by market capitalization, with a robust network of branches and ATMs across the country and international branches in strategic locations like GIFT City and DIFC (Dubai). The bank's commitment to customer-centricity, innovation, and ethical banking practices has earned it recognition and trust among its customers and peers alike.
As Kotak Mahindra Bank continues to grow and adapt to the dynamic financial landscape, its history serves as a testament to the power of vision, perseverance, and the ability to seize opportunities in the face of challenges. From its humble beginnings to its current status as a banking powerhouse, Kotak Mahindra Bank's story is one of transformation and relentless pursuit of excellence.
FAQ’s:
What types of credit cards does Kotak Mahindra Bank offer?
Kotak Mahindra Bank offers a wide range of credit cards, including:
No annual fee cards: These cards are good for beginners or those who don't use credit cards frequently.
Reward cards: Earn points on your spending that can be redeemed for cashback, travel miles, or other rewards.
Lifestyle cards: Get benefits tailored to your spending habits, like cashback on dining, travel, or fuel.
Co-branded cards: Get special benefits from partner airlines, hotels, or retailers.
2. How do I choose the right Kotak Mahindra Bank credit card?
Consider your spending habits and what benefits are most important to you. If you travel often, a travel card with reward miles might be a good choice. If you dine out frequently, a cashback card for dining expenses could be ideal.
3. Is there a credit card with no annual fee?
Yes, Kotak Mahindra Bank offers several credit cards with no annual fees. Be sure to check the other card benefits and fees to see if it's a good fit for you.
4. What are the interest rates on Kotak Mahindra Bank credit cards?
Interest rates can vary depending on the specific credit card and your creditworthiness. The bank charges a monthly interest rate, typically around 3.5%.
5. How can I apply for a Kotak Mahindra Bank credit card?
You can apply online through the Kotak Mahindra Bank website or visit a branch
6. What documents do I need to apply for a Kotak Mahindra Bank credit card?
You will typically need to provide your ID proof, address proof, income proof, and PAN card.
7. How long does it take to get approved for a Kotak Mahindra Bank credit card?
Approval times can vary depending on your credit history and other factors. In some cases, you may get instant approval.
8. What are the benefits of using a Kotak Mahindra Bank credit card?
Benefits can vary depending on the card, but may include reward points, cashback, travel privileges, purchase protection, and more.
9. How do I make a payment on my Kotak Mahindra Bank credit card?
You can make payments online, through mobile banking, at a bank branch, or through other methods.
10. What happens if I miss a payment on my Kotak Mahindra Bank credit card?
Missing a payment will result in late fees and could damage your credit score. It's important to make your payments on time and in full.
If you want to know the unbiased AI score of all the Kotak Mahindra Bank Credit Cards, read their detailed review, click here
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