‘Kotak Mahindra Urbane Gold Credit Card’is specially designed for those people who spent a lot on shopping, and for those who want to earn more reward points. This card comes with a low joining and annual fees and a number of other exciting features like insurance coverage, multiple redemption facility etc.
- Eligibility criteria –
- Nationality – Indian.
- Age – must be between 21 to 65 years.
- Income – min ₹ 3 lakh monthly.
- Occupation – both salaried and self employed can apply.
- The card is available in only these cities – Noida, Gurgaon, Hyderabad, Mumbai, Pune, Navi Mumbai, Kolkata.
- A good relation with bank.
- Documents Required –
- Proof of Identity –
- Aadhar Id.
- Letter from UIDAI.
- Job Card.
- Overseas citizen of India card.
- Driving License
- Voter Id.
- Proof of Address –
- Gas, Electricity or any utility bill. ( recent )
- Ration card.
- Passport.
- Document of property registration.
- Proof of Income –
- Recently submitted form 16.
- Salary slip. (for salaried people).
- 3 month’s bank statement. (latest)
- Fees –
- Joining fee – None
- Annual fee – ₹ 199 (could be waved off if more than ₹ 15,000 is spent in a year)
- Add on fee – None
- Over limit fee – ₹ 500
- Benefits – the benefits of ‘Kotak Mahindra Urbane Gold Credit Card’ is stated below –
- Welcome offer – as a welcome gift you can earn 500 bonus reward points if you spend only ₹ 5000 in first 45 days.
- Reward points – this card offers you a chance to win some easy reward points, with every ₹ 100 online spend you will receive 2 reward points. Also you will receive 1 reward points on each ₹ 100 transactions.
- Interest free period – with the activation of the card you can enjoy up to 45 days of interest free period. Also you can withdraw up to 90% of your credit limit.
- Card loss liability – in case of lost cards you are now covered with up to ₹ 50,000 from kotak Mahindra bank.
- Fuel surcharge waiver – now you can 1% waves off on fuel surcharge at any petrol station in India.
- Railway surcharge waiver – you can also have 1.8% waved off on train ticket booking via www.irctc.co.in , and 2.5% at any Indian ticket booking counter.
- Low interest charge – with this card you can enjoy a lower rate if interest, 2.99% monthly.
- Spend based reward – if you spend ₹ 75,000 in a year then you can win up to ₹ 750 cash-back.
- Credit limit – with this card you can enjoy a credit limit of 80% of your fixed deposit. Your credit limit depends on a number of things like –your CIBIL sore fixed deposit amount etc the bank will let you know your credit limit on the activation of the card. (maximum credit limit – 12lakh)
- Reward point redemption – the reward points can be used in those ways –
- You canuse with those points at some selected stores, flight ticket booking, movie ticket, mobile recharge etc.
- You can convert these reward points into cash.
- You can also make purchase at any branded merchandise with your reward point.
**you need to have minimum 1,000 reward points for redemption.**
- Milestone benefits – on spending ₹ 1 lakh or more you can win a) 4 free PVR tickets or b) 10,000 bonus reward points.
- Charges –
- Cash withdrawal charge – ₹ 100.
- Card replacement – ₹ 100.
- Late payment – (in rupees)
- Up to ₹ 500 – ₹100.
- ₹ 500 to ₹ 1,000 – 500.
- Above 10,000 – 700.
- Overlimit charge – ₹ 500.
- Foreign currency transaction – 3.5% against the transacted amount.
- Other benefits –
- Add on card – now you can let your loved ones to enjoy the benefits of your card, just add them (age ≥18) with your card for free.
- 24X7 customer care – in case of any emergency you can contact there service centre any time from anywhere on the world.
- Balance transfer – you can now transfer the balance of your other credit cards to ‘Kotak Mahindra Urbane Gold Credit Card’ with just a phone call. And you can enjoy a lower rate of interest.
- Spend tracker – now you can track the spends each of your add on(s).
**for more information log on to www.kotak.com **
- Customer care number –
- Call – 1800-209-0000
1860-266-0811
- Or mail – [email protected]
- Final verdict –
This card comes with a number of reward points and a cash-back offer also it has nill joining and a low annual fee, therefore if you want a card to give you more reward points and cash-backs, then this card is perfect for you. Moreover, it gives you additional card loss insurance, a balance transfer facility, and lots more. So if you have the eligibility then you must hurry and go for it.