Kotak White Credit Card

Kotak Mahindra Bank has introduced its White credit card, featuring an innovative reward system known as White Pass value. This credit card can be seen as a more accessible alternative to the bank’s super-premium Kotak White Reserve Credit Card. The White Pass reward system is designed as a milestone-based benefit, with cardholders earning White Pass value when they reach specific spending milestones. These accumulated White Pass values can then be used to redeem shopping vouchers on the Kotak White portal. Additionally, this credit card offers cardholders the added advantage of complimentary access to both domestic and international airport lounges.

Key Highlights of Kotak White Credit Card

  1. Joining Fee: The Kotak White Credit Card has a joining fee of Rs. 3,000.
  2. Annual Fee: The annual fee for this card is also Rs. 3,000. Nonetheless, this fee becomes exempt if your annual spending reaches or exceeds Rs. 5 lakh.
  3. Minimum Income Required: To be eligible for the Kotak White Credit Card, you should have a minimum annual income of Rs. 25 lakhs or above.
  4. Welcome Benefit: Cardholders can enjoy a welcome benefit in the form of a voucher worth Rs. 1,500 when they spend Rs. 30,000 or more within the first 60 days of setting up the card.

Features and Benefits of Kotak White Credit Card

Here are the benefits and features of the Metro Kotak Credit Card summarized in points:

1. Welcome Gift Benefits:

  • Spend Rs. 30,000 within the first 60 days to receive a voucher worth Rs. 1,500 as a welcome gift.

2. Travel and Airport Lounge Benefits:

  • Enjoy 8 free airport lounge accesses within India annually (2 visits per quarter).

3. Priority Pass Access Benefits:

  • Receive a complimentary Priority Pass membership, granting VIP access to over 1,300 airport lounges across 160 cities and 148 countries.
  • Additionally, get 4 free airport lounge accesses every year with the Priority Pass, which is valued at $99.

4. Fuel Surcharge Benefits:

  • Avail a 1% fuel surcharge waiver on transactions ranging between Rs. 500 and Rs. 3,000.
  • Benefit from a maximum fuel surcharge waiver of Rs. 3,500 in each calendar year.

5. Railway Surcharge Waiver:

  • Save 1.8% on railway surcharge for transactions on www.irctc.co.in.
  • Enjoy a 2.5% surcharge waiver for transactions at Indian Railways Booking Counters.
  • The maximum surcharge waiver in a calendar year is Rs. 500.

These benefits and features make the Metro Kotak Credit Card a valuable option for those looking for rewards, travel perks, and fuel savings.

Kotak White Credit Card Fees and Charges

  1. Joining Fee: The Joining Fee for this credit card is Rs. 3,000.
  2. Annual Fee: The Annual Fee for this credit card is also Rs. 3,000.
  3. Finance Charges: The Finance Charges for outstanding balances are 3.1% annually, which equals an annualized rate of 37.2%.
  4. Late Payment Fee: Late Payment Charges vary based on the outstanding balance:
  • Rs. 100 for statements with an outstanding balance less than or equal to Rs. 500.
  • Rs. 500 for statements with an outstanding balance between Rs. 501 and Rs. 10,000.
  • Rs. 700 for statements with an outstanding balance greater than Rs. 10,000.

Kotak White Credit Card Eligibility

Here are the eligibility criteria for the credit card in points:

1. Primary Credit Card Holder:

  • Age: Between 28 and 65 years.

2. Add-on Card Holder:

  • Age: Must be 18 years or older.

3. Eligible Locations:

  • You can apply for this credit card if you reside in any of the following cities: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, and Pune.

4. Income Requirement:

  • An annual income of ₹25 lakh or more is required to be eligible for this credit card.

These points outline the specific age, location, and income criteria for both primary and add-on cardholders applying for the credit card.

Documents Required for Kotak White Credit Card

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

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

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

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

3. Income Proof (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 Kotak 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 White Credit Card

Here’s the process of applying for Kotak cards simplified into points:

Online Application:

  1. Visit the specific card’s page on Kotak Bank’s official website.
  2. Apply online by filling out the application form on the website.
  3. Kotak Bank’s officials will contact you based on the online application.

Offline Application:

  1. Visit the nearest Kotak Bank branch in person.
  2. Complete a physical application form available at the branch.
  3. Ensure you have all the required documents with you when applying in person.

Frequently Asked Questions (FAQs)

1. What is the Kotak White Credit Card?
The Kotak White Credit Card is a premium credit card offered by Kotak Mahindra Bank. It is designed to provide exclusive benefits, rewards, and privileges to cardholders.

2. How can I apply for the Kotak White Credit Card?
You can apply for the Kotak White Credit Card online through the official Kotak Mahindra Bank website or by visiting a Kotak Mahindra Bank branch. The application process typically involves filling out an online form and submitting the required documents.

3. What are the key features of the Kotak White Credit Card?
The Kotak White Credit Card comes with features such as complimentary lounge access, reward points on every transaction, fuel surcharge waiver, and special discounts on dining, shopping, and travel.

4. What are the eligibility criteria for the Kotak White Credit Card?
The eligibility criteria may vary, but generally, applicants should meet certain income requirements and have a good credit history. Specific details can be obtained from the bank at the time of application.

5. Is there an annual fee for the Kotak White Credit Card?
The annual fee for the Kotak White Credit Card is subject to the bank’s policies. Some credit cards may have an annual fee, while others may offer a waiver based on certain spending criteria.

6. How do the reward points work on the Kotak White Credit Card?
Cardholders earn reward points for every eligible transaction made with the Kotak White Credit Card. These points can be redeemed for a variety of rewards, including merchandise, gift vouchers, and travel benefits.

7. Does the Kotak White Credit Card offer any travel benefits?
Yes, the Kotak White Credit Card often comes with travel benefits such as complimentary airport lounge access, travel insurance coverage, and discounts on flight bookings and hotel stays.

8. Can I convert my purchases into EMI with the Kotak White Credit Card?
Yes, Kotak Mahindra Bank usually allows cardholders to convert their high-value purchases into easy monthly installments (EMI) at attractive interest rates. Details can be confirmed with the bank.

9. How can I check my Kotak White Credit Card balance and statements?
Cardholders can check their credit card balance and statements through the Kotak Mahindra Bank online banking portal or mobile app. Additionally, monthly statements are sent to the registered email address.

10. What should I do if my Kotak White Credit Card is lost or stolen?
In case of loss or theft, immediately contact Kotak Mahindra Bank’s customer service or the 24×7 helpline to report the incident. The bank will then guide you through the process of blocking the card and issuing a replacement.