Kotak Urbane Gold Credit Card

Kotak Mahindra Bank offers a wide array of credit cards tailored to meet the diverse needs of its customers, ranging from lifestyle to corporate cards. Step up your rewards experience with the Kotak Urbane Gold Card, presenting unparalleled advantages. Get triple the reward points for every Rs.100 you spend, which you can use towards future purchases made with your Urbane Gold Credit Card.

Key Highlights of Kotak Urbane Gold Credit Card

  • No joining fee, and the annual fee is only Rs. 199.
  • Annual fee is exempted if minimum retail spends reach Rs. 15000 annually.
  • Earn 3X reward points for every Rs. 100 spent.
  • Avail coverage of up to Rs. 50,000 with Urbane Shield for card loss or theft.
  • Option for add-on credit card facility.
  • The Minimum Amount Due (MAD) can be either 5% or 10% of the Total Amount Due (TAD), determined by the bank.

Features and Benefits of Kotak Urbane Gold Credit Card

1. Reward Points:

  • Get three times the usual reward points for each Rs. 100 spent on retail transactions.
  • Accumulate points until they reach 1000 to redeem them.
  • Every 1000 points can be exchanged for Rs. 75.
  • A minimum of 1000 points is necessary for redemption.

2. Urbane Shield:

  • Protect your credit card with Urbane Shield to enjoy coverage of up to Rs. 50,000 in case of loss or theft, a key feature of the Kotak Urbane credit card.
  • Promptly report any loss, theft, or unauthorized use of your card within 7 days of the occurrence.
  • If your card is lost or stolen, contact Kotak Mahindra credit card customer care at 1860 266 2666 immediately to prevent misuse.

3. Add-on Card:

  • Family members can acquire an Add-on Urban Gold Kotak credit card, enjoying identical benefits to the primary card.
  • The Add-on Card doesn’t incur extra fees or annual charges.
  • Users have the flexibility to establish spending limits on the Add-on Card.
  • Monitoring expenses on the Add-on Card is straightforward, allowing separate tracking.

4. Milestone Feature:

  • By spending Rs. 1 Lakh in a year on your Kotak Urbane credit card, you can enjoy either 4 PVR tickets for free or 10,000 reward points.
  • These PVR tickets are transferrable and can be used for any show on any day. After the program ends, you have a three-month window to claim your PVR tickets. Your reward points will be added to your account in the next billing cycle. Within another three months, you can redeem these points for various options such as air tickets, movie tickets, mobile recharge, branded merchandise, and other choices.

Kotak Urbane Gold Credit Card Fees and Charges

1. Joining Fees: None
2. Annual Fees: Rs. 199
3. Conditions for Annual Fee Waiver – First Year: Minimum retail spends of Rs. 15,000 each year
4. Conditions for Annual Fee Waiver – Second Year: Each year, customers are required to make a minimum annual retail purchase of Rs. 15,000.
5. Addon Card Fees: None
6. Interest Charges on Outstanding Balances: 3.50% (Annualized 42%)
7. Minimum Amount Due (MAD): MAD can be 5% or 10% of TAD as determined by the Bank
8. For each ATM cash withdrawal, draft request, fund transfer, or cash advance amounting to Rs. 10,000 or any portion thereof, there’s a fee of Rs. 300.
9. Late Payment Charges:

  • For balances less than or equal to Rs. 500: Rs. 100
  • For balances between Rs. 500.01 to Rs. 10,000: Rs. 500
  • For balances greater than Rs. 10,000: Rs. 700

10. Over Limit Charge: Rs. 500
11. Cheque Bounce Charges: Rs. 500
12. Foreign Currency Markup: 3.5%
13. The charge for making a cash payment at the bank amounts to Rs. 100.
14. Reissue/Replacement Card (per issuance): Rs. 100
15. Furnishing a Copy of Credit Information Report (CIBIL): Rs. 50

Eligibility criteria for the Kotak Urbane Gold Credit Card

  1. Primary cardholder age requirement: 21 to 65 years.
  2. Add-on cardholder age requirement: 18 and above.
  3. Eligible cities for the card: Delhi (including Noida and Gurgaon), Chennai, Kolkata, Ahmedabad, Bangalore, Hyderabad, Mumbai, Navi Mumbai, and Pune.
  4. Minimum annual income requirement: Rs. 3 lakh and above.
  5. Residency requirement: Must be an Indian resident.

Documents Required for Kotak Urbane Gold Credit Card

To apply for the Kotak Mahindra Urbane credit card, you’ll need to provide the following documents:

1. Identity Proof (any one):

  • PAN Card
  • Driver’s License
  • Passport
  • Aadhaar Card
  • Voter’s ID Card
  • Person of Indian Origin Card
  • Overseas Citizen of India Card
  • Job card issued by NREGA
  • Letters issued by the UIDAI

2. Address Proof (any one):

  • Aadhaar Card
  • Passport
  • Driver’s License
  • Utility Bill not older than 3 months
  • Ration Card
  • Person of Indian Origin Card
  • Property Registration Document
  • Job card issued by NREGA
  • Bank Account Statement

3. Income Proof:

  • Recent 2 salary slips (not older than 3 months)
  • Latest Form 16
  • Last 3 months’ bank statements

How to apply for Kotak Urbane Gold Credit Card

  • Visit Kotak’s website.
  • Fill out the form.
  • Click on “proceed.”
  • A bank agent will reach out to you to aid in completing the necessary steps and arrange a meeting at your chosen date, time, and place to go over the paperwork.
  • Submit the required documents for verification.
  • The bank will verify the submitted documents.
  • Upon successful verification, your request will be approved by the bank.
  • Review and agree to all the terms and conditions.
  • Your card will be delivered to your specified address.

Frequently Asked Questions (FAQs)

1. What is the Kotak Urbane Gold Credit Card?

The Kotak Urbane Gold Credit Card, provided by Kotak Mahindra Bank, stands out as a top-tier credit card. Crafted to offer unique advantages, rewards, and special privileges, it caters to the discerning needs of its holders.

2. How can I apply for the Kotak Urbane Gold Credit Card?

You have two options to apply for the Kotak Urbane Gold Credit Card: either online via the Kotak Mahindra Bank website or in person at a Kotak Mahindra Bank branch.

3. What distinctive characteristics does the Kotak Urbane Gold Credit Card offer?

This card offers a generous credit limit, a rewards program, perks that complement your lifestyle, free access to airport lounges, and special deals on dining, shopping, and entertainment—all unique features that set it apart.

4. Does the Kotak Urbane Gold Credit Card come with a yearly fee?

The cost of owning the card, along with additional fees, can differ. To ensure you have the most current information, it’s best to visit the official Kotak Mahindra Bank website or reach out to their customer service for accurate details on fees.

5. Could you provide the details of the rewards program on the Kotak Urbane Gold Credit Card?

The card typically offers reward points for every transaction made using the credit card. These points can be accumulated and redeemed for a variety of rewards such as merchandise, gift vouchers, and more. You can discover all the information about the rewards program within the terms and conditions outlined for the card.

6. What are the benefits of complimentary airport lounge access?

Kotak Urbane Gold Credit Cardholders are eligible for free access to specific airport lounges, with certain terms and conditions applying, such as a minimum spending threshold on the card. It’s recommended to review the lounge access information provided by the bank for full details.

7. How do I verify the balance on my Kotak Urbane Gold Credit Card?

You can check your credit card balance through the Kotak Mahindra Bank mobile app, internet banking, or by contacting the bank’s customer service.

8. Is it possible to transform my purchases into Equated Monthly Installments (EMIs) using the Kotak Urbane Gold Credit Card?

Certainly! Kotak Urbane Gold Credit Cardholders might be eligible to transform their purchases into convenient monthly installments, known as EMIs. To learn about the terms and conditions governing EMI conversions, one can acquire the necessary information from the bank.

9. Is there a foreign currency transaction fee?

Credit card transactions made in foreign currency may attract a foreign currency markup fee. It is advisable to review the fees and charges associated with international transactions in the card’s terms and conditions.

10. How do I reach out to Kotak Mahindra Bank for help regarding my Urbane Gold Credit Card?

You have two options to reach out to the bank’s customer service: dial the helpline number printed on the rear of your credit card or head to the official Kotak Mahindra Bank website for contact information.