Kotak Urbane Gold Credit Card: The Kotak Urbane Gold Credit Card, a credit card issued by Kotak Mahindra Bank basically designed for the shopaholic people gives its customer lot of reward and benefits against all purchases. This credit card let you earn lot of rewards in different categories on all retail spends.
This credit card is an entry level card along with features such as milestone benefits, multiple redemption options, and renewal fee waiver among others. Additionally with this credit card you can get PVR tickets and the reward points are redeemable against Airtickets, Movie Tickets, Mobile Recharge and many more.
Therefore, here in this article we are going to see the benefits and features of the Kotak Urbane Gold Credit Card and the eligibility to apply for the same.
Contents
1. Kotak Urbane Gold Credit Card Features and Benefits
The Kotak Urbane Gold Credit Card let you earn reward points for various categories like e-vouchers for various brands, product purchases, and so on.
Here we have mentioned the features and benefits offered by the Kotak Urbane Gold Credit Card:
- Milestone Benefits: With this credit card, upon reaching the spending limit of Rs. 1,00,000, you have the option to avail any 1 of the following milestone benefits such as Free 4 PVR Tickets, 10,000 Bonus Reward Points and many more.
- Spend based Waiver: If you spend Rs. 15,000 in the last year, annual fee of Rs. 199 can be waived.
- Credit Shield: A Credit shield worth Rs. 50,000 is provided for stolen card against all unauthorized transactions up to 7 days prior to reporting.
- Reward Points: Per Rs. 100 spent on all retail spending, using Kotak Urbane Gold Credit Card you receive 3x Reward Points.
- Reward Redemption: Use the earned points to shop at selected merchant stores via PayByPoints Program and redeem for Movie Tickets through BookMyShow or PVR, Mobile Recharges, shopping vouchers, Air Tickets, and so on and redeem for cash wherein 1000 Reward Points which is equal to Rs. 100. Also, you need to have at least 1000 Reward Points accumulated to initiate redemption in cash.
2. Kotak Urbane Gold Credit Card Fees and Charges:
- The Annual fee or Renewal fee charges are- Rs. 199 (Waived if annual spends exceed Rs. 15,000).
- The Cash withdrawal fee, Rs. 300 per Rs. 10,000 (or part thereof) withdrawn.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5%+ GST on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- An interest rate of 3.5% per month (42% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: Rs. 100 for amount till Rs. 500, Rs. 500 for amount between Rs. 500 and Rs. 10,000 and Rs. 700 for amounts greater than Rs. 10,000
3. Kotak Urbane Gold Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Kotak Urbane Gold Credit Card are as follows:
- The age limit for applying for this card is 21-65 years of age.
- The cardholder should be an Indian resident and an excellent credit score i.e., 750.
- The cardholder should be either through salary or self-employment with Rs. 3 lakh and above per annum.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for Kotak Urbane Gold Credit Card:
For Kotak Urbane Gold credit card you can apply either online or offline. For offline mode, you can visit your nearest Kotak bank branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your Kotak Urbane Gold credit card:
- Step 1: Visit Official website of the Kotak Bank- www.kotak.com
- Step 2: Select your ‘credit card’ in the ‘card’ option, under the section ‘Explore Products’.
- Step 3: Next, choose the ‘Kotak Urbane Gold Credit Card’.
- Step 4: Then, click on ‘Apply Now’.
- Step 5: Enter all the requested details and providing the required documents and ‘submit’ it.
Therefore, this the method you can apply for your Kotak Urbane Gold credit card online.
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