Kotak Veer Platinum Credit Card: The Kotak Veer Platinum Credit Card, Kotak Mahindra Bank in association with the NPCI i.e., National Payments Corporation of India, specially designed for the ‘Veer Jawaans’ of our country i.e., the personals of all 3 forces- The Indian Army, Indian Navy, and Indian Air Force, and let them to manage their daily spends while earning exciting rewards on their day-to-day spends.
The credit card comes with great benefits and privileges for its owner in different categories from travel to reward points on their daily spends such as movies, dining, departmental stores and groceries and many more. Apart from these day-to-day benefits the card owner can also enjoy other privileges such as fuel and railway surcharge waiver, annual fee waiver and so on.
Therefore, Here in this article we are going to see the benefits and offers provided by Kotak Veer Platinum Credit Card, and also the eligibility to apply for the same.
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Contents
1. Kotak Veer Platinum Credit Card Features and Benefits
The Kotak Veer Platinum Credit Card offers great deals to its customer in different categories, such as Welcome Benefits, Cashback, travel benefits and Reward ponits and many more.
Here we have mentioned the features and benefits offered by the Kotak Veer Platinum Credit Card:
- Welcome Benefits: As Welcome Benefits, upon spending of Rs. 500 through Kotak Veer Platinum Credit Card, get a welcome benefit of 500 Reward Points which will be credited to your account in the first 30 days of card issuance.
- Travel Benefits: As a travel benefit, get 1.8% railway surcharge waiver on www.irctc.co.in and 2.5% for transactions on Indian Railways Booking Counters.
- Veer Reward Points: As a Veer Reward points, on every 200 spent on Dining, Movies, Departmental Stores, and Grocery earn 6 Reward Points and on every Rs. 200 spent on other categories earn 2 Reward Points. And these reward points can be redeemed by tickets through BookMyShow or PVR, Mobile Recharges, shopping vouchers, Air Tickets and merchant stores through PayByPoints Program.
- Insurance Coverage: As Insurance Coverage, get a coverage of Rs. 1,25,000 against fraudulent usage up to 7 days pre-reporting and immediately contact the customer care team– 1860 266 2666 and deactivate or block to prevent misuse.
- Fuel Surcharge Waiver: On your fuel transactions, cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India.
2. Kotak Veer Platinum Credit Card Fees and Charges:
- The Joining fee charges are- NIL.
- The Annual fee and renewal fee charges, an annual membership fee of Rs. 299.
- The Cash withdrawal fee, is 2.5% of the withdrawn amount i.e., minimum Rs. 300.
- 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.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% (plus applicable taxes) on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: For outstanding balance less than or equal to Rs. 500- Rs. 100, For outstanding balance between Rs. 500 and Rs. 10,000- Rs. 500 and For outstanding balance greater than Rs. 10,000- Rs. 700.
3. Kotak Veer Platinum Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Kotak Veer Platinum Credit Card are as follows:
- The age limit for applying for this card is 18- 65 years of age.
- The cardholder should have a stable income through salaried and self-employed with good credit score history.
- The cardholder should be located in Ahmedabad, Chandigarh, Chennai, Bangalore, Delhi (including Gurgaon and Noida), Kolkata, Hyderabad, Mumbai and Pune.
- 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 Veer Platinum credit card:
For Kotak Veer Platinum 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 Veer Platinum 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 Veer Platinum Credit Card’.
- Step 4: Then, click on ‘Apply Now’.
- Step 5: Enter all the requested details and providing the required documents and ‘submit’ it.
This the way in which you can apply for Kotak Veer Platinum credit card online.
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