Kotak White Credit Card

Joining fee: Rs. 3000+GST

Renewal fee: Rs. 3000+GST

Rewards: N/A

Welcome Benefits: Earn White Pass Value of Rs. 1500* on spending Rs. 30,000 within 60 Days

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Designed for the modern users Kotak White Credit Card offers a competitive interest rate, flexible repayment options, and a comprehensive rewards program that lets you earn points on every purchase – be it for travel, shopping, or everyday essentials.

Features of Kotak White Credit Card

Welcome Bonus: Earn lucrative reward points or cashback on meeting the specified spending requirements within the first few months of card issuance.
Fuel Surcharge Waiver: Save on the pesky fuel surcharges levied by most petrol pumps on credit card transactions.
Complimentary Access: Enjoy complimentary access to domestic airport lounges across India for a relaxing travel experience.
Accelerated Reward Earning: Earn bonus reward points or higher cashback on specific spending categories like dining, groceries, or online shopping.
Interest-Free Period: Take advantage of the interest-free credit period of up to 50 days on your purchases, provided you clear the outstanding balance in full every month.
Multiple Payment Options: Conveniently pay your credit card bills via net banking, mobile apps, automated clearing house (ACH) payments, or through Kotak Bank branches.

Benefits of Kotak White Credit Card

Lifestyle Privileges: Avail exclusive discounts and offers on dining, entertainment, travel bookings, and more through the bank’s partner programs.
Global Acceptance: Use your Kotak Bank White Credit Card seamlessly for purchases, both in India and overseas, owing to its acceptance on the Visa or Mastercard network.
Secure Transactions: Enjoy the peace of mind that comes with advanced security features like chip-and-PIN technology and zero liability on fraudulent transactions.
Reward Redemption: Redeem your accumulated reward points for merchandise, gift vouchers, or airline miles through the bank’s rewarding catalog or partner programs.
Emergency Support: Access comprehensive emergency assistance services, including card replacement and cash disbursement, while traveling domestically or internationally.
Supplementary Cards: Add your family members as supplementary cardholders and earn reward points on their spends too, while monitoring their expenses conveniently.

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Other Kotak Bank Credit Card offers in India

Joining: Nil

Renewal fee: Nil

Rewards: Nil

Welcome Benefits: Nil

Joining: Nil

Renewal fee: Nil

Rewards: Nil

Welcome Benefits: Nil

Joining: Nil

Renewal fee: Nil

Rewards: Nil

Welcome Benefits: Nil

Joining: Nil

Renewal fee: Nil

Rewards: Nil

Welcome Benefits: Nil

Fees & Charges of Kotak White Credit Card

Fees:

- - Annual Fee: The Kotak White Credit Card comes with an annual fee of Rs. 500. However, this fee is often waived off for the first year as a welcome benefit.
  - Renewal Fee: The renewal fee for the Kotak White Credit Card is the same as the annual fee, i.e., Rs. 500. This fee is charged annually on the card’s anniversary date.
  - Add-on Card Fee: If you wish to add a supplementary card for your family members or loved ones, Kotak Bank charges a nominal fee of Rs. 200 per add-on card.
  - Cash Advance Fee: In case you need to withdraw cash from an ATM using your Kotak White Credit Card, a cash advance fee of 2.5% of the transaction amount (subject to a minimum of Rs. 300) will be levied.
  - Late Payment Fee: If you fail to make the minimum due payment on your Kotak White Credit Card by the due date, a late payment fee of Rs. 600 will be charged.
  - Over Limit Fee: If you exceed your credit limit on the card, an over-limit fee of 2.5% of the over-limit amount (subject to a minimum of Rs. 500) will be charged.

Charges:

- - Interest Rate: The interest rate on the Kotak White Credit Card varies based on your credit profile and can range from 3.49% per month (41.88% annually) to 4.99% per month (59.88% annually).
  - Fuel Surcharge: When you use your Kotak Bank White Credit Card to pay for fuel at petrol pumps, a surcharge of 1% of the transaction amount will be levied.
  - Foreign Currency Markup: For transactions made in foreign currencies, Kotak Bank charges a markup of 3.5% on the INR equivalent of the transaction amount.
  - GST: All fees and charges mentioned above are subject to Goods and Services Tax (GST) as per the applicable rates.

Eligibility for applying Kotak White Credit Card

Age: You must be at least 21 years old to apply for the Kotak White Credit Card.
Income: The bank typically requires a minimum annual income of ₹3 lakh for salaried individuals and ₹4 lakh for self-employed individuals or business owners.
Credit Score: A good credit score, usually above 750, is essential to get approved for the Kotak White Credit Card. Your credit history and repayment behavior play a crucial role in determining your eligibility.
Employment Status: Kotak Bank may have different income requirements and documentation for salaried employees, self-employed professionals, and business owners.
Residence Status: You should be a resident Indian or hold a valid work permit or visa to apply for the Kotak White Credit Card.
Existing Relationship: If you already have a savings or salary account with Kotak Bank, or are an existing customer, your chances of getting approved may improve.
Documentation: Be prepared to provide necessary documents like identity proof, address proof, income proof (salary slips, Form 16, IT returns), bank statements, and any other documents the bank may request.
Loan Obligations: Your existing loan obligations, including credit card dues, personal loans, and other EMIs, will be considered to assess your debt-to-income ratio and repayment capacity.

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Documents Required for Kotak White Credit Card

First and foremost, you’ll need to have a valid government-issued photo ID proof handy. This can be your Aadhaar card, Passport, Voter’s ID, or even your driving license.
Next up, you’ll have to provide a recent proof of your residential address. Utility bills like electricity, gas, or landline bills work perfectly for this. If you don’t have those, you can also submit your Aadhaar card or Passport with the updated address.
Since the White Credit Card is primarily meant for salaried individuals, you’ll be asked to furnish your latest salary slip or Form 16 as proof of income.
If you’re self-employed or have additional sources of income, be prepared to share your latest Income Tax Returns (ITR) or bank statements highlighting your earnings.
Kotak might also request a copy of your PAN card for KYC and tax purposes. So, keep that handy as well.
In case you’re an existing Kotak customer, having a few months’ bank statements from your Kotak account can further strengthen your application.
Finally, if you’re applying online, you’ll need to upload clear, legible scans or photographs of all the required documents.

How to apply for Kotak White Credit Card?

To apply for the Kotak White Credit Card, you can visit the official website of Kotak Mahindra Bank or approach any of their nearby branches.
On the website, look for the ‘Credit Cards’ section and click on ‘Apply Now’ next to the Kotak White Credit Card.
You will be prompted to fill out an online application form with your personal details such as name, date of birth, contact information, employment details, and income proof.
Ensure you have the required documents ready for submission, which typically include your PAN card, Aadhaar card, recent passport-size photographs, and income proof (salary slips, Form 16, ITR, etc.).
If you are an existing Kotak customer, you can log in using your net banking credentials to have your details pre-filled, making the process quicker.
Once you submit the application form, the bank will conduct the necessary verifications and credit bureau checks.
Based on your eligibility criteria and credit score, the bank will process your application and revert with their decision within a stipulated time frame.
If approved, you will receive your brand-new Kotak White Credit Card within 10-15 working days at the communication address provided during the application.
Along with the physical card, you will also receive the PIN, terms and conditions, and other important documentation related to the credit card.
Upon receiving the card, you need to activate it as per the instructions provided, set up your preferred PIN, and start using it for your purchases and transactions.

Kotak White Credit Card Limit

The Kotak White Credit Card comes with a credit limit that ranges from Rs. 25,000 to Rs. 5 lakh, depending on your income, credit history, and other eligibility criteria.
For salaried individuals, the minimum annual income requirement to apply for this card is Rs. 2.5 lakh. The credit limit is typically set at around 3-4 times your monthly net salary.
For self-employed individuals or professionals, the minimum annual income requirement is Rs. 3 lakh. The credit limit is determined based on your income, business vintage, and other financial parameters.
If you have an excellent credit score (750 and above) and a high income, you may be eligible for a higher credit limit of up to Rs. 5 lakh with the Kotak White Credit Card.
Kotak Bank also offers the option to get a supplementary card for your spouse or family members, with a separate credit limit based on their income and eligibility.
It’s worth noting that the credit limit approved is not fixed and can be revised periodically by the bank, based on your credit behavior, repayment history, and changing income levels.
If you need a higher credit limit than the one initially sanctioned, you can request a credit limit enhancement from Kotak Bank after maintaining a good repayment track record for a few months.
The credit limit on the Kotak White Credit Card is also subject to the bank’s internal credit policies and risk assessment, which may vary from time to time.

Rewards & Cashback Kotak White Credit Card

Rewards:

- - Accelerated reward points on online shopping, dining, and entertainment transactions.
  - Bonus reward points on achieving specific spending milestones within a billing cycle.
  - Exclusive reward point multipliers on specific merchant partners and categories.
  - Redeem reward points for a wide range of options, including merchandise, gift vouchers, and air miles.
  - Complimentary reward points on activating and using the credit card within the first few months.
  - Special reward point offers and promotions throughout the year.

Cashback:

- - Flat percentage cashback on all eligible purchases, credited directly to the credit card account.
  - Higher cashback rates on specific categories, such as groceries, fuel, or utility bill payments.
  - Quarterly or annual cashback bonuses based on overall spending during the period.
  - Cashback multipliers and boosters on shopping with merchant partners and during festive seasons.
  - Exclusive cashback offers and discounts on partner brands and e-commerce platforms.
  - Cashback accrual and redemption process is straightforward and user-friendly.

How to Redeem Earned Rewards and Cashback Points?

Rewards:

- - Log in to your Kotak Bank credit card account online or through the mobile app.
  - Navigate to the “Rewards” section and explore the available redemption options.
  - Kotak Bank offers a wide range of rewards, including merchandise, gift vouchers, cashback, and more.
  - Select the reward you wish to redeem and follow the on-screen instructions.
  - Ensure that you have accumulated sufficient reward points for the desired redemption.
  - Confirm the redemption, and your reward will be processed within the specified timeframe.
  - You can also redeem rewards over the phone by contacting Kotak Bank’s customer service.

Cashback:

- - Cashback earned through your Kotak Bank White Credit Card is automatically credited to your card account.
  - The cashback amount is typically reflected in your monthly credit card statement.
  - You can choose to redeem the cashback for statement credit or request a direct transfer to your linked bank account.
  - To request a statement credit, log in to your account and navigate to the “Cashback” section.
  - Select the option to redeem cashback for statement credit and follow the prompts.
  - Alternatively, you can call Kotak Bank’s customer service and request a direct transfer of the cashback amount to your linked bank account.
  - Ensure that you provide the correct bank account details for the transfer.
  - The cashback redemption process is straightforward and hassle-free, allowing you to enjoy the benefits of your spending.