Kotak White Credit Card: The Kotak White Credit Card, is a lifestyle card that is specifically designed for the people who has a high-net-worth. It is White credit card with a unique method of rewarding its card members in the form of White Pass value. This credit card is best for the people who are high spenders and who are more interested in enjoying travel benefits.
You also get complimentary domestic and international airport lounge access with this card. You can also use the card on your spends and you earn the White Pass Value. This value can then be redeemed against vouchers from luxury brands and also against shopping vouchers on the Kotak White portal.
Therefore, here in this article we are going to see the features and benefits of the Kotak White Credit Card and the eligibility to apply for the same.
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1. Kotak White Credit Card Features and Benefits
The Kotak White Credit Card which comes with the exciting privileges across different categories and offers amazing rewards to its customers.
Here we have mentioned the features and benefits offered by the Kotak White Credit Card:
- Welcome Benefits: On spending Rs. 30,000, get a gift voucher worth Rs. 1,500 in the first 60 days of card setup.
- Travel Benefits: Get 8 complimentary airport lounge access within India, max 2 per quarter with benefits such as comfortable seating, gourmet meal, widescreen TVs, newspaper and magazines, free Wi-Fi, and many more and 4 complimentary international airport lounge access every year with Priority Pass membership, and get complimentary Priority Pass membership with access to over 1,300 airport lounges across 148 countries.
- Railway Benefits: On rail ticket bookings, get 1.8% to 2.5% railway surcharge waived from IRCTC website or on railway counters and with maximum waiver capped at Rs. 500 per year.
- Fuel Surcharge Waiver: On your fuel transactions between Rs 500 and Rs 3,000, cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India, get fuel surcharge up to at Rs. 3,500 per year.
- Zero Credit Card Lost Liability: In case, you lose your card or stolen card, you are not responsible for any fraudulent or unauthorized transactions made on your lost or stolen card once you report the loss of the card to the bank and also, get coverage of Rs. 25,000 is provided in case of a lost card and applicable from 7 days prior to the time of reporting the loss of card to the bank.
2. Kotak White Credit Card Fees and Charges:
- The joining fee charges are- Rs. 3,000
- The Annual fee or Renewal fee charges are- Rs. 3,000
- 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 3.1% per month (37.2% 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 statement o/s less than or equal to Rs. 500, Rs. 500 for statement o/s between Rs. 501 to Rs. 10,000, Rs. 700 for statement o/s greater than Rs. 10,000.
3. Kotak White Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Kotak White Credit Card are as follows:
- The age limit for applying for this card is 28-65 years of age.
- The cardholder should be an Indian resident and an excellent credit score i.e., 750 and a strong relationship with the card issuer and should be Delhi/Noida/Gurgoan, Mumbai, Ahmedabad, Bangalore, Chandigarh, Chennai, Hyderabad, Kolkata, and Pune.
- The cardholder should be either through salary or self-employment with Rs. 25 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 White Credit Card:
For Kotak White 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.
To apply online, just have to visit the Kotak Bank official website and then click on ‘cards’ page. Then their official will get in touch with you and are required submit few documents such as identity or address proof for KYC and a proof of income like salary slips or ITR.
Also contact them through there customer care helpline number i.e., 1800 209 0000 (24×7 operational toll-free number) or you can simply SMS ‘KPRIVY’ to 5676788 and bank officials will get back to you within 30 minutes. This service is available between 9:30 AM to 6:30 PM Monday through Saturday excluding the second and fourth Saturday and bank holidays.
Therefore, this the method you can apply for your Kotak White credit card online.
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