Kotak Mahindra Bank is one of the prominent banks in the country and offers an array of products and services. One of the popular products offered by Kotak Bank is Credit Card.
Kotak Mahindra Bank offers a wide range of credit cards tailored to different lifestyles and spending patterns. Whether you prefer rewards, cashback, travel privileges, shopping deals, or dining discounts, there’s a card to match your needs. With annual fees starting from Rs. 0 and going up to Rs.12,500, and an interest rate of 3.5% per month, Kotak Credit Cards cater to both first-time users and premium customers. Choose the one that fits your requirements and unlock exclusive benefits.
Credit Cards | Joining Fee & Annual Fee | Benefits |
Joining Fee: Nil, Annual Fee: Nil |
Note: No rewards on rent, fuel, railways, loading wallet, EMI, balance transfer or education. | |
Joining Fee: Rs. 1,000, Annual Fee: Rs. 1,000 |
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Kotak 811 Credit Card | Joining Fee: 500, Annual Fee: 500 |
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Joining Fee: Rs. 499/Nil, Annual Fee: Rs. 499 |
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Joining Fee: Rs. 449, Annual Fee: Rs. 449 |
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Joining Fee: Rs. 3,000, Annual Fee: Rs. 3,000 |
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Joining Fee: Rs. 1,500, Annual Fee: Rs. 1,500 |
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Joining Fee: Nil, Annual Fee: Rs. 999 |
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Joining Fee: Nil, Annual Fee: Nil |
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Joining Fee: Nil, Annual Fee: Rs. 499 |
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Joining Fee: Rs. 12,500, Annual Fee: Rs. 12,500 |
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Joining Fee: Nil, Annual Fee: Rs. 199 |
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Joining Fee: Nil, Annual Fee: Rs. 1,000 |
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Joining Fee: Nil, Annual Fee: Rs.999 |
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Joining Fee: Nil, Annual Fee: Rs. 999 |
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Joining Fee: Nil, Annual Fee: Nil |
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Joining Fee: Nil, Annual Fee: Rs. 1,000 |
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Joining Fee: Rs. 299, Annual Fee: Rs. 499 |
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Joining Fee: Nil, Annual Fee: Nil |
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The benefits of Kotak Credit Cards are listed below:
The following are the key features of Kotak Credit Cards:
The eligibility criteria for Kotak Mahindra Bank Credit Cards are as follows:
Eligibility Criteria | Requirement |
Minimum Age | 18 years old |
Employment Status | Self-employed or salaried professional |
Residency | Indian resident |
Income | Must meet minimum income requirements |
If you meet the eligibility criteria, you can submit the necessary documents to expedite the credit card approval process:
Document Type | Required Documents |
Identification Proof | Aadhaar Card, Passport, PAN Card, Voter ID, etc. |
Address Verification | Aadhaar Card, Passport, utility bills, etc. |
Income Proof (Salaried) | Recent salary slips |
Income Proof (Self-employed) | Latest Income Tax Returns (ITR) |
Bank Statements | Up-to-date bank statements |
Additionally, you can apply for your Kotak card online at the Kotak Mahindra Bank website. The steps you must take to start your application are listed below:
Step 1: Visit the official Kotak Mahindra website.
Step 2: Under the 'Explore Products' tab, choose 'Cards' and then select 'Credit Cards'.
Step 3: You will be redirected to a page with all the cards offered by Kotak.
Step 4: Once you have found a card to apply, you can select 'Apply Now'.
Step 5: You will have to fill in some details to finish your application.
There are multiple ways to check Kotak Mahindra Bank credit card application status. One option is to call the Kotak Banking Helpline. The other is to visit the bank’s official website and click on ‘Track Application Status’. To proceed, you will need to enter your application or form number.
Method 1: Contact Customer Service
Method 2: Visit the Official Website
Here is a table outlining the differences between Regular Credit Cards and Credit Cards Against Fixed Deposit (FD):
Criteria | Regular Credit Cards | Credit Cards Against FD |
Collateral | No collateral requirement. | Fixed deposit serves as collateral. |
Income Requirements | Proof of income is required. | No additional income documentation is needed; FD serves as security. |
Credit Score | Low credit scores may lead to application rejection. | Individuals with low credit scores can apply. |
Interest Rates | Generally higher interest rates. | Typically, lower interest rates are due to FD collateral. |
Documents Required | Requires proof of identity and residence. | No additional documents are required if a fixed deposit exists with the bank. |
Withdrawal | An account can be closed without affecting the credit card. | Fixed deposit cannot be terminated until the card is closed or expired. |
Credit Card Limit | Limit based on income and credit score. | Limit usually ranges between 80% and 90% of the fixed deposit amount. |
If you have queries regarding your Kotak card, there are various customer care channels you can choose from:
The points you accumulate on your Kotak card can be redeemed for an array of things. Listed below are some rewards redemption methods you can consider:
You can withdraw cash from an ATM using your credit card PIN. A cash advance fee will apply for each transaction.
You can apply online via the bank's website or through net banking for add-on cards. You can also apply by visiting a branch or contacting customer care.
You can withdraw cash from an ATM using your Kotak credit card and deposit it into your bank account. Interest is charged from the date of withdrawal.
Yes, you can apply for add-on cards for your family members (spouse, children, etc.).
Yes, an interest-free period is available on retail purchases if the balance is paid in full. Cash withdrawals do not have an interest-free period.
Frequent use and timely payments may lead to an automatic increase. Alternatively, you can request a higher limit by providing proof of increased income.
The minimum CIBIL score for a Kotak Mahindra Bank credit card is 750. Applications with a score below 750 may be rejected.
To cancel your credit card, contact customer service or visit a branch. Ensure all outstanding balances are paid. Get written confirmation from the bank and destroy the card.
Once approved, the loan amount will be instantly transferred to your Kotak account or any other savings account.
The Reserve Bank of India (RBI) has lifted the restrictions on Kotak Mahindra Bank Limited, allowing the bank to resume digital onboarding of new customers and issue new credit cards. The RBI issued this statement in a press release dated 12 February 2025. Customers can now open new Kotak Mahindra Bank 811 accounts online and through the mobile app. According to the RBI, Kotak Mahindra Bank took corrective measures to address supervisory concerns and provided necessary compliance reports. Additionally, the bank conducted an external audit, approved by the RBI, to validate these measures. Satisfied with the bank's remedial actions, the RBI decided to remove the restrictions. On 24 April 2024, the RBI had imposed restrictions on Kotak Mahindra Bank due to serious deficiencies in IT inventory management, patch and change management, user access management, vendor risk management, data security, and disaster recovery protocols. As a result, the bank was prohibited from onboarding new customers digitally and issuing fresh credit cards.
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