Kotak Veer Platinum Credit Card

In collaboration with the National Payments Corporation of India (NPCI), Kotak Mahindra Bank has introduced the Kotak Veer Platinum Credit Card. This card has been exclusively crafted for the valiant soldiers of our nation, the ‘Veer Jawaans.’ It serves as a special gesture to give something back to those who selflessly dedicate themselves to the country.

The Kotak Veer Platinum Credit Card empowers our courageous servicemen and women to manage their day-to-day expenses while enjoying attractive rewards. They can earn triple reward points (3x RPs) when making purchases in categories such as movies, dining, departmental stores, and groceries. Additionally, they earn 2 reward points for spending in other categories. These accumulated reward points can be redeemed for various products, e-vouchers, and even used to offset shopping bills at select merchant establishments.

This card is a token of gratitude and support for the individuals who give their all to protect our nation.

Key Highlights of Kotak Veer Platinum Credit Card

The key highlights of the Kotak Veer Platinum Credit Card are as follows:

  1. No Joining and Annual Fees: This card typically does not charge any joining or annual fees, making it cost-effective for cardholders.
  2. Rewards Program: The card offers a rewards program where you can earn points on your spending, which can be redeemed for various rewards and discounts.
  3. Fuel Surcharge Waiver: Enjoy a waiver on fuel surcharges at select fuel stations in India when using the Kotak Veer Platinum Credit Card.
  4. Add-on Card: You have the option to get an add-on card for your family members, allowing them to share the benefits of the primary cardholder.
  5. Interest-Free Cash Withdrawals: Cardholders can make interest-free cash withdrawals at ATMs for up to 48 days from the date of withdrawal.
  6. Interest Charges: The card may have an interest rate on outstanding balances, so it’s important to pay off your balance on time to avoid high interest charges.
  7. Balance Transfer: You can transfer outstanding balances from other credit cards to the Kotak Veer Platinum Credit Card and take advantage of lower interest rates.
  8. Complimentary Insurance: Some credit cards offer complimentary insurance coverage, such as accidental death insurance or lost card liability coverage. Check the specific terms and conditions for details.
  9. Bill Payment Facility: The card may provide the convenience of online bill payments for utilities, insurance, and more, helping you manage your finances.
  10. Revolving Credit: The card may offer the option to carry forward a part of the outstanding balance to the next billing cycle with nominal interest charges.
  11. Dining and Shopping Discounts: Some credit cards offer dining and shopping discounts at partner outlets, providing additional value to cardholders.
  12. Airport Lounge Access: Depending on the specific terms, cardholders may enjoy access to airport lounges at select airports, making travel more comfortable.

Features and Benefits of Kotak Veer Platinum Credit Card

1. Welcome Offer: You can earn 500 reward points by spending Rs. 500 within the first 30 days of receiving the card.

2. Veer Points:

  • Earn 6 Reward Points for every Rs. 200 spent on Dining, Movies, Departmental Stores, and Grocery.
  • Get 2 Reward Points for every Rs. 200 spent on other categories.

3. Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver at fuel stations across India.

4. Railway Surcharge Waiver: Benefit from a 1.8% railway surcharge waiver for transactions on www.irctc.co.in and 2.5% for transactions at Indian Railways Booking Counters.

5. Add-on Card: Receive a complimentary Add-on Card with all the privileges of the primary credit card.

6. Safe and Secure: The card features an embedded EMV Chip and 6-digit PIN authentication to ensure safe and secure transactions.

7. Card Insurance Cover: You are covered for up to Rs. 1,25,000 against fraudulent usage for up to 7 days before reporting. In case of any issues, contact the customer care team at 1860 266 2666 to promptly deactivate or block your credit card to prevent unauthorized use.

Kotak Veer Platinum Credit Card Fees and Charges

1. Spend-Based Fee Waiver

  • If you spend Rs. 50,000 or more in a year, the annual fee will be waived.

2. Rewards Redemption Fee

  • There is no fee for redeeming rewards.

3. Foreign Currency Markup

  • A 3.5% fee is applied to all foreign transactions.

4. Interest Rates

  • The monthly interest rate is 3.5%, which amounts to an annual interest rate of 42%.

5. Fuel Surcharge

  • A 1% surcharge is imposed at all fuel stations in India.

6. Cash Advance Charges

  • For every Rs. 10,000 withdrawn as a cash advance, there is a fee of Rs. 300.

7. Add-on Card Fee

  • No fee is charged for obtaining an add-on card.

Kotak Veer Platinum Credit Card Eligibility

To submit an application for this credit card, you need to meet the fundamental eligibility requirements specified by the bank:

  1. The primary cardholder’s age should be between 18 and 65 years.
  2. The add-on cardholder must be an adult, aged 18 years or above.
  3. The applicant is required to be a resident of India.
  4. This credit card is available for application in the following cities: Ahmedabad, Bangalore, Chandigarh, Delhi NCR (including Gurgaon and Noida), Hyderabad, Mumbai, Navi Mumbai, and Pune.

Documents Required for Kotak Veer Platinum Credit Card

The specific document requirements for the Kotak Veer Platinum Credit Card may vary based on Kotak Mahindra Bank’s policies and your individual circumstances. However, here is a list of common documents you may need when applying for a credit card:

1. Proof of Identity (Any one of the following):

  • Passport
  • Aadhar Card
  • Voter ID
  • Driving License
  • PAN Card

2. Proof of Address (Any one of the following):

  • Passport
  • Aadhar Card
  • Voter ID
  • Utility bill (electricity, gas water, or landline phone bill)
  • Rental agreement

3. Proof of Income (Any one or more of the following):

  • Salary slips (last 3 to 6 months)
  • Bank statements (last 3 to 6 months)
  • Income Tax Returns (ITR)
  • Form 16 or salary certificate from the employer

4. Passport-sized Photographs: You may need a few recent passport-sized color photographs for your application.

5. Duly Filled Application Form: Complete the credit card application form provided by the bank with accurate information.

6. Additional Documents: Depending on your employment type, you might need to submit additional documents, such as business proof (for self-employed individuals) or a job appointment letter (for salaried individuals).

How to apply for Kotak Veer Platinum Credit Card

Here are the typical steps to apply for the Kotak Veer Platinum Credit Card:

1. Eligibility Check: Before applying, ensure you meet the eligibility criteria for the card, which typically includes factors like age, income, and credit score.

2. Documents Preparation: Gather the necessary documents, which may include proof of identity, proof of address, proof of income, and other documents as required.

3. Online Application:

  • Visit the official Kotak Mahindra Bank website.
  • Navigate to the “Credit Cards” section.
  • Look for the “Kotak Veer Platinum Credit Card” and click on it.
  • Click on the “Apply Now” or “Apply Online” button.

4. Application Form: You will be directed to an online application form. Fill in the required details, including personal information, contact details, employment details, and financial information. Make sure all information is accurate.

5. Document Submission: You may need to upload scanned copies of your documents as part of the application process. Ensure the documents are clear and meet the bank’s requirements.

6. Review and Submission: Carefully review the information you’ve provided and the terms and conditions. Once you are satisfied, submit the application.

7. Application Tracking: After submission, you may receive an application reference number. You can use this number to track the status of your application.

8. Bank’s Verification: The bank will review your application and documents. They may contact you for further verification if needed.

9. Credit Card Approval: If your application is approved, you will receive the Kotak Veer Platinum Credit Card.

10. Card Activation: Once you receive the card, follow the instructions provided to activate it. Typically, this involves contacting the bank or visiting their website.

Frequently Asked Questions (FAQs)

1. What is the Kotak Veer Platinum Credit Card?
The Kotak Veer Platinum Credit Card is a premium credit card designed to offer exclusive benefits and privileges to Indian Armed Forces personnel.

2. Who is eligible to apply for the Kotak Veer Platinum Credit Card?
The card is exclusively available to serving and retired personnel of the Indian Army, Navy, Air Force, and Paramilitary Forces.

3. What are the key features of the Kotak Veer Platinum Credit Card?
Some key features include special privileges for armed forces, milestone benefits, reward points on transactions, fuel surcharge waiver, and exclusive access to airport lounges.

4. How can I apply for the Kotak Veer Platinum Credit Card?
Eligible individuals can apply for the card online through the Kotak Mahindra Bank website or by visiting a Kotak Mahindra Bank branch.

5. What documents are required for the application process?
Commonly required documents include proof of identity, proof of address, proof of income, and service-related documents for armed forces personnel.

6. Is there an annual fee for the Kotak Veer Platinum Credit Card?
The annual fee and other associated charges may vary. It is advisable to check the latest fee structure on the official Kotak Mahindra Bank website or contact customer service.

7. What rewards and benefits does the Kotak Veer Platinum Credit Card offer?
Cardholders can enjoy rewards such as accelerated reward points on specific categories, milestone benefits, and exclusive offers on travel, dining, and shopping.

8. Are there any special privileges for armed forces personnel?
Yes, the Kotak Veer Platinum Credit Card offers unique privileges for armed forces personnel, including special discounts and offers tailored for their lifestyle.

9. How can I redeem the reward points earned on my Kotak Veer Platinum Credit Card?
Cardholders can redeem their reward points through the Kotak Mahindra Bank’s online portal or contact the customer service for assistance.

10. What is the process for reporting a lost or stolen Kotak Veer Platinum Credit Card?
In case of loss or theft, it is crucial to report it immediately to the Kotak Mahindra Bank customer service helpline to prevent unauthorized transactions.

11. Does the Kotak Veer Platinum Credit Card offer any travel benefits?
Yes, the card provides travel benefits such as complimentary airport lounge access and other exclusive travel-related offers.

12. Can I convert large transactions into EMIs using the Kotak Veer Platinum Credit Card?
Yes, Kotak Veer Platinum Credit Cardholders may have the option to convert significant transactions into easy monthly installments (EMIs) with applicable terms and conditions.