Kotak Veer Select Credit Card

The Veer Select Credit Card, issued by Kotak Mahindra Bank, is an exclusive card designed specifically for the dedicated officials of the Indian armed forces. This card serves as a special tribute to honor the courageous defenders of our nation. It empowers them to efficiently manage their essential purchases while also allowing them to earn rewards and enjoy a range of exciting advantages.

The Veer Select Credit Card stands out with its zero joining fee and a renewal fee of Rs. 599, which can be waived based on the total annual spending of the cardholders. In addition to these benefits, new cardholders are welcomed with complimentary IHO (Indian Health Organization) membership valued at Rs. 8,500 when they spend Rs. 500 within the initial 30 days.

Furthermore, cardholders can enjoy several other perks, including a 1% fuel surcharge waiver, a 1.8% railway surcharge waiver, and free access to domestic airport lounges on an annual basis.

Key Highlights of Kotak Veer Select Credit Card

The key highlights of the Kotak Veer Select Credit Card are:

  1. Welcome Offer: Cardholders receive a complimentary IHO Membership worth Rs. 8,500 by spending Rs. 500 within the first 30 days of card issuance.
  2. Veer Points: Earn reward points for every purchase, including 9 Reward Points for every Rs. 200 spent on Dining, Movies, Departmental Stores, and Grocery, and 3 Reward Points for every Rs. 200 spent on other categories.
  3. Airport Lounge Access: Cardholders enjoy 8 complimentary Airport Lounge access sessions annually, with 2 lounge visits per calendar quarter within India.
  4. Fuel Surcharge Waiver: The card provides a 1% fuel surcharge waiver at fuel stations across India, helping you save on fuel expenses.
  5. Railway Surcharge Waiver: Get a 1.8% railway surcharge waiver for transactions on www.irctc.co.in and a 2.5% waiver for transactions at Indian Railways Booking Counters.
  6. Add-on Card: Cardholders can avail a free Add-on Card with all the benefits of the primary credit card, making it convenient for family members.
  7. Safe and Secure Transactions: The card is equipped with an embedded EMV Chip and 6-digit PIN authentication, ensuring safe and secure transactions.
  8. Card Insurance Cover: Cardholders enjoy a coverage of Rs. 2,50,000 against fraudulent usage up to 7 days before reporting. Immediate action can be taken by contacting the customer care team at 1860 266 2666 to deactivate or block the credit card to prevent misuse.

Features and Benefits of Kotak Veer Select Credit Card

Here are the benefits and features of the Kotak Veer Select Credit Card :

1. Welcome Offer:

  • Upon spending Rs. 500 within the first 30 days of card issuance, you’ll receive a complimentary IHO Membership valued at Rs. 8,500.

2. Veer Points:

  • Earn 9 Reward Points for every Rs. 200 spent on Dining, Movies, Departmental Stores, and Grocery.
  • Collect 3 Reward Points for every Rs. 200 spent on other categories.

3. Airport Lounge Access:

  • Enjoy 8 complimentary Airport Lounge access sessions annually, providing 2 lounge visits per calendar quarter within India.

4. Fuel Surcharge Waiver:

  • Benefit from a 1% fuel surcharge waiver at fuel stations across India.

5. Railway Surcharge Waiver:

  • Get a 1.8% railway surcharge waiver for transactions made on www.irctc.co.in and a 2.5% waiver for transactions at Indian Railways Booking Counters.

6. Add-on Card:

  • Receive a free Add-on Card that comes with all the benefits of the primary credit card.

7. Safe and Secure Transactions:

  • The card is equipped with an embedded EMV Chip and 6-digit PIN authentication to ensure safe and secure transactions.

8. Card Insurance Cover:

  • Enjoy a coverage of Rs. 2,50,000 against fraudulent usage up to 7 days before reporting. In case of any issues, promptly contact the customer care team at 1860 266 2666 to deactivate or block your credit card to prevent misuse.

Kotak Veer Select Credit Card Fees and Charges

  1. Spend-Based Fee Waiver: If you make retail purchases totaling Rs. 1,00,000, the annual fee for the following year 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 foreign currency transactions.
  4. Interest Rates: The card carries an interest rate of 3.5% per month, which amounts to 42% annually.
  5. Fuel Surcharge: You’ll receive a 1% fuel surcharge waiver at all petrol pumps, with an annual cap set at Rs. 3500.
  6. Cash Advance Charges: A fee of Rs. 300 is charged for each withdrawal of Rs. 10,000 when using cash advance services.
  7. Add-on Card Fee: There is no fee for obtaining an add-on card.

Kotak Veer Select Credit Card Eligibility

  1. The applicant must hold a position as an official in the Indian armed forces.
  2. The applicant must reside in India.
  3. The primary cardholder’s age should fall within the range of 18 to 65 years.
  4. The add-on cardholder must be at least 18 years old.
  5. This credit card is available for application in the following cities: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, and Pune.

Documents Required for Kotak Veer Select Credit Card

The specific document requirements for the Kotak Veer Select 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
  • Driving License
  • Voter ID
  • PAN Card

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

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

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

  • Salary slips (last 3 to 6 months)
  • Income Tax Returns (ITR)
  • Bank statements (last 3 to 6 months)
  • 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 Select Credit Card

Kotak Mahindra Bank offers the flexibility to apply for a credit card through both online and offline channels, allowing you to choose the method that suits your convenience. If you prefer the offline application process, simply visit your nearest Kotak bank branch, complete the required physical application form, and ensure you have all the necessary documents with you.

Alternatively, you can opt for the online application method by following these steps:

  1. Access Kotak Mahindra Bank’s official website.
  2. Explore the available products and select ‘Cards.’
  3. Within the ‘Cards’ section, choose ‘Credit Cards.’
  4. Locate the ‘Kotak Veer Select Credit Card’ and click on the ‘Apply Now’ option.
  5. Fill in all the requested information and proceed with the online application.

This way, you can apply for the Kotak Veer Select Credit Card using the method that best suits your preferences, either online or offline.

Frequently Asked Questions (FAQs)

1. What is Kotak Veer Select Credit Card?

The Kotak Veer Select Credit Card is a premium credit card offered by Kotak Mahindra Bank, designed to cater to the lifestyle needs of individuals who seek exclusive privileges, travel benefits, and rewards.

2. What are the key features of Kotak Veer Select Credit Card?

Some key features include accelerated reward points on specific categories, complimentary lounge access, milestone benefits, fuel surcharge waiver, and a host of lifestyle privileges.

3. How can I apply for Kotak Veer Select Credit Card?

You can apply for the Kotak Veer Select Credit Card online through the official Kotak Mahindra Bank website or by visiting a Kotak Mahindra Bank branch. The application process usually involves submitting necessary documents and meeting eligibility criteria.

4. What are the eligibility criteria for Kotak Veer Select Credit Card?

Eligibility criteria may vary, but generally, you need to meet age requirements, have a good credit score, and fulfill income criteria. Specifics can be obtained from the bank at the time of application.

5. What is the annual fee for Kotak Veer Select Credit Card?

The annual fee and other charges associated with the card can change, and it’s recommended to check the latest fee structure on the official website or by contacting the bank directly.

6. How do I earn and redeem reward points with Kotak Veer Select Credit Card?

You can earn reward points on eligible transactions, and these points can be redeemed for a variety of options like merchandise, gift vouchers, or statement credit. Details on earning and redemption can be found in the card’s rewards program.

7. Is there a foreign transaction fee with Kotak Veer Select Credit Card?

Kotak Veer Select Credit Card may have foreign transaction fees. It’s advisable to check the terms and conditions or contact the bank to get specific details on international transactions.

8. What is the credit limit on Kotak Veer Select Credit Card?

The credit limit is determined based on various factors, including your income, credit history, and other financial considerations. The bank will communicate your approved credit limit at the time of card issuance.

9. How can I check my Kotak Veer Select Credit Card statement?

You can check your credit card statement online through the Kotak Mahindra Bank net banking portal or mobile app. Additionally, you will receive a physical statement each month.

10. Is there any insurance coverage with Kotak Veer Select Credit Card?

Some credit cards offer insurance coverage. It’s recommended to review the terms and conditions or contact the bank directly to understand the insurance benefits associated with Kotak Veer Select Credit Card.