Kotak Veer Platinum Credit Card

Joining Fee: Nil
Renewal Fee: Rs. 299 (plus applicable taxes)
Best Suited For: Shopping
Reward Type: Reward Points
Welcome Benefites: 500 Reward Points if you spend Rs. 500 in the first 30 days of card set-up

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Jointly with the National Payments Corporation of India (NPCI), Kotak Mahindra Bank launched Kotak Veer Platinum Credit Card, a card specially designed for the ‘Veer Jawaans’ of our country. It is a special card to give back something, to those who give their everything. The Kotak Veer Platinum Credit Card enables our brave soldiers to manage their daily spends while earning exciting rewards. They can earn 3x RPs while spending on movies, dining, departmental stores, & groceries and 2 reward points for spends in another category. The reward points are redeemable forproducts, e-vouchers, etc, and even against your shopping bills at selected merchant stores. Also, you get exciting welcome offers on the basis of your spends within the first 30 days. In comparison to the features and benefits this card offers, the annual fee of this card is placed at a very nominal amount of Rs. 299. Apart from these benefits, the card offers a credit shield worth Rs. 1,25,000 in case the card is lost. There are many other ways in which you can save with this card like fuel & railway surcharge waiver, annual fee waiver, etc. To know more about Kotak Mahindra Veer Platinum Credit Card keep reading.

New Features

Spend Based Waiver

Annual fee waiver on spending Rs. 50,000 or more in a year.

Interest Rates

3.5% per month (or 42% annually)

Add-on Card Fee

Nil

Rewards Redemption Fee

Nil

Fuel Surcharge

1% at all fuel stations in India

Foreign Currency Markup

3.5% on all foreign transactions

Cash Advance Charges

Rs. 300 is charged for every Rs. 10,000 withdrawn

Movie & Dining

Travel

International Lounge Access

Rewards Rate

6 Reward Points per Rs. 200 spent on grocery, dining, etc and 2 Reward Points for other spends

Golf

Insurance Benefits

Insurance cover for a lost or stolen card

Reward Redemption

The reward points are redeemable for various categories like Movie Tickets, Mobile Recharge, etc. 1 Reward Point = Re.0.25.

Domestic Lounge Access

Zero Liability Protection

Zero Liability Protection to the cardholder against any transactions done on a lost or stolen card post reporting to the bank

Pros

No data available

Cons

No data available

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