Kotak White Reserve Credit Card

Following the successful Kotak White Credit Card, Kotak Mahindra Bank has unveiled the new Kotak White Reserve Credit Card, featuring an innovative rewards program called the White Pass. This balance can be exchanged for gift vouchers, flights, hotels, National Geographic travel adventures, and more. The Kotak White Reserve Credit Card is a high-end offering with extensive advantages, including complimentary access to over 1,000 international airport lounges. It also provides benefits for fuel, golf, foreign transaction fees, and more.

Key Highlights of Kotak White Reserve Credit Card

  • Card Type: This is a top-tier, super-premium credit card.
  • Ideal For: Perfect for those who seek cashback and travel rewards.
  • Joining Fee: Get started with a joining fee of Rs. 12,500.
  • Renewal Fee: The renewal fee of Rs. 12,500 is waived if you spend Rs. 10 lakh in a year.
  • Best Feature: Enjoy the unique perk of converting your White Pass balance into direct cashback.

Features and Benefits of Kotak White Reserve Credit Card

Kotak White Reserve Credit Card Features:

  1. White Pass Rewards: Earn White Points based on your spending milestones, with an annual White Pass value of up to Rs.2.5 lakh. Redeem White Pass value as cashback or for premium brand vouchers, hotels, flights, and more.
  2. Luxury Lifestyle Management Services: Gain access to exclusive global events and personalized services, including shopping, travel bookings, restaurant reservations, and event planning tailored to your preferences.
  3. Club Marriott Membership: Enjoy discounts of up to 20% on food, beverages, hotel rooms, and spas in the Asia Pacific region. Receive three certificates offering up to 50% off on food and beverage bills and 30% off hotel stays.

Kotak White Reserve Credit Card Benefits:

  1. Complimentary Airport Lounge Access: Unlimited access to over 1,000 airport lounges worldwide.
  2. 2% Foreign Currency Markup: Enjoy a low 2% foreign currency markup on international spending.
  3. Golf Privileges: Receive two complimentary golf rounds per month at select golf courses.
  4. Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver at all petrol pumps in India.

Kotak White Reserve Credit Card Fees and Charges

Fee and Charges for the Kotak White Reserve Credit Card:

  1. The Kotak White Reserve Credit Card has an initial joining fee of Rs. 12,500, and the same amount is charged as the card’s annual renewal fee.
  2. When using this card for international transactions, you’ll benefit from a modest Foreign Currency markup fee of only 2%.
  3. Interest accrues at a rate of 3.5% per month, equivalent to an annual rate of 42%.
  4. If you need to withdraw cash through this card, there is a cash advance charge of Rs. 300 for every Rs. 10,000 or any part thereof.

Kotak White Reserve Credit Card Eligibility

  1. Primary cardholder’s age range: 28 to 65 years.
  2. Add-on cardholder’s minimum age: 18 years.
  3. Available in select cities: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, and Pune.
  4. Eligible annual income: ₹25 lakh or more.

Documents Required for Kotak White Reserve Credit Card

To apply for the Kotak White Reserve Credit Card, you typically need to provide the following documents:

1. Identity Proof:

  • Passport
  • Aadhar Card
  • Voter ID
  • Driver’s License
  • PAN Card

2. Address Proof:

  • Aadhar Card
  • Utility Bill (electricity, gas, water, etc.)
  • Passport
  • Driver’s License
  • Voter ID

3. Income Proof:

  • Salary slips or certificate for salaried individuals
  • Income Tax Returns (ITR)
  • Bank statements
  • Form 16 for salaried individuals
  • Business proof for self-employed applicants

4. Passport-sized photographs

Note: Specific document requirements may vary, so it’s advisable to check with Kotak Mahindra Bank for the most up-to-date and accurate information before applying for the Kotak White Reserve Credit Card.

How to apply for Kotak White Reserve Credit Card

To get the Kotak White Reserve Credit Card, you have two application options:

Online Mode:

  1. Visit Kotak Mahindra Bank’s official website.
  2. Navigate to ‘Explore Products’ and select ‘Credit Cards.’
  3. Choose ‘Kotak White Reserve Credit Card’ and click ‘Apply Now.’ Provide the necessary information and upload required documents.
  4. Your application will be sent for processing by the credit card department.

Offline Mode:

  1. Visit your nearest Kotak Mahindra Bank branch.
  2. Fill out a physical application form, attaching the required documents.
  3. Submit the form to the bank officials.
  4. Bank officials will forward your request to the credit card department for further assessment.

Frequently Asked Questions (FAQs)

1. What is the Kotak White Reserve Credit Card?
The Kotak White Reserve Credit Card is a premium credit card offered by Kotak Mahindra Bank, designed to provide exclusive privileges and benefits to high-net-worth individuals. It is known for its superior features and lifestyle benefits.

2. What are the key features of the Kotak White Reserve Credit Card?
The key features include accelerated reward points, complimentary airport lounge access, milestone benefits, exclusive lifestyle privileges, and personalized concierge services. The card is tailored to cater to the unique needs of elite customers.

3. How can I apply for the Kotak White Reserve Credit Card?
You can apply for the Kotak White Reserve Credit Card online through the official Kotak Mahindra Bank website. The application process typically involves filling out an online form and submitting necessary documents. You may also visit a Kotak Mahindra Bank branch for assistance.

4. What are the eligibility criteria for the Kotak White Reserve Credit Card?
Eligibility criteria may vary, but generally, applicants should meet certain income requirements, have a good credit score, and fulfill other conditions set by Kotak Mahindra Bank. It’s recommended to check the specific eligibility criteria on the bank’s website before applying.

5. How does the rewards program work on the Kotak White Reserve Credit Card?

  • The Kotak White Reserve Credit Card offers a rewards program where cardholders earn accelerated reward points for their transactions.
  • These points can be redeemed for a variety of benefits, including merchandise, vouchers, and more.
  • The exact details of the rewards program can be found in the card’s terms and conditions.

6. What is the annual fee for the Kotak White Reserve Credit Card?
The annual fee for the Kotak White Reserve Credit Card may vary, and there might be additional charges for add-on cards. It’s advisable to check the latest fee structure on the Kotak Mahindra Bank website or contact their customer service for accurate and up-to-date information.

7. How many complimentary airport lounge visits does the Kotak White Reserve Credit Card offer?
The Kotak White Reserve Credit Card typically provides complimentary access to airport lounges, but the number of visits may vary. Cardholders should refer to the terms and conditions or contact the bank’s customer service to get detailed information about the lounge access benefits.

8. Can I convert my purchases into EMI using the Kotak White Reserve Credit Card?
Yes, the Kotak White Reserve Credit Card often offers the option to convert high-value purchases into easy monthly installments (EMIs). Cardholders can check the specific terms and conditions related to the EMI conversion facility on the bank’s website or by contacting customer support.

9. How do I contact customer support for the Kotak White Reserve Credit Card?
You can contact Kotak Mahindra Bank’s customer support through their helpline number, which is usually provided on the back of your credit card or on the bank’s official website. Additionally, you may visit a Kotak Mahindra Bank branch for in-person assistance.

10. Is there a foreign currency markup fee on international transactions with the Kotak White Reserve Credit Card?
The Kotak White Reserve Credit Card may have a foreign currency markup fee for international transactions. Cardholders are encouraged to review the terms and conditions or contact customer support to understand the specific charges associated with international spending.