All Fees & Charges of Kotak credit card 2022

By | August 1, 2022

Kotak 811 Credit Card

Easily convert hefty purchases to affordable EMIs. It’s time to earn and spend in ‘Rewards’ Kotak credit card Fees & Charges

Kotak credit card
  • Rewards Points
    • Earn 2 reward points for every Rs. 100 spent online
    • Earn 1 reward points for every Rs. 100 spent offline
  • Welcome Offer
    • Spend Rs. 5000 within the first 45 days of card issuance and receive 500 bonus reward points
  • Annual Fee Waiver
    • Annual fee of Rs. 500 waived on spending Rs. 50,000 in the previous anniversary year
  • Milestone Spends Benefit
    • Spend Rs. 75,000/- in a year and get 4 free PVR tickets OR cashback of Rs. 750/-
  • Fuel Surcharge Waiver
    • The 1% fuel surcharge waiver is applicable on transactions that range between Rs.500 and Rs.3,000. Avail of a maximum fuel surcharge waiver of Rs.3,500 in each calendar year.
    • Fuel transactions are not eligible to earn any Reward points
  • Railway Surcharge Waiver
    • Save railway surcharge of 1.8% for transactions on www.irctc.co.in and 2.5% for transactions on Indian Railways Booking Counters.
    • The maximum railway surcharge waiver that is allowed in a calendar year is Rs.500/-
  • Add-on Card
    • Your Add-on Card will have all the benefits that you enjoy on your Card
    • Set the spend limit on your Add-on Card as you desire
    • Track spends separately for each of your Add-on Card(s)
    • Click here to apply now for an Add-on Card.
  • Card Insurance cover
    • In case your Credit Card is stolen, you get a cover of Rs. 50,000/- against fraudulent usage up to 7 days pre-reporting. You are required to immediately call Customer Contact Centre 1860 266 2666 (local call rates apply) and get your credit card deactivated / blocked to prevent misuse and register a claim with the Insurance Company.
  • Safety features
    • Embedded EMV Chip lends an additional level of security
    • 6-digit PIN authentication for higher security of your transactions

Rewards Redemption

  • Kotak Rewards:
    • Introducing Kotak Rewards – your new point redemption currency that simplifies managing reward points on your Kotak credit cards.
      Redeem your reward points across a variety of categories like mobile recharge, shopping across 10,000 products, e-vouchers across various brands, movies (BookMyShow Vouchers), travel and many more! T&C Apply. Redeem Now 
  • Pay with Reward Points:
    • Pay without cash. Pay without card. Know More

Kotak credit card Fees & Charges

Fee & other ParametersKotak Credit Card
Joining FeesRs. 500
Annual FeesRs. 500
Condition for waiver of Joining FeesNA
Condition for waiver of Annual FeesRs. 50,000
Add-on card FeesRs. 200
Interest Charges on outstanding Balances3.5% (Annualized 42%)
Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)10%
ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereofRs. 300
Late Payment Charges (“LPC”)Rs. 100 for statement o/s less than or equal to Rs. 500.
Rs. 500 for statement o/s between Rs. 500.01 to Rs. 10,000
Rs. 700 for statement o/s greater than Rs. 10,000
Over Limit ChargeRs. 500
Cheque Bounce ChargesRs. 500
Foreign Currency Mark Up3.5%
Railway Booking Surcharge (1.8%/2.5% on transaction amount)*Waived
Fuel Surcharge (1% on transaction)**Waived
Fee for Cash payment at BankRs. 100
Outstation Cheque Processing FeeWaived
Reissue/ Replacement Card (per issuance)Rs. 100
Charge Slip RequestWaived
Machine Surcharge at ATMsWaived
Balance Enquiry Charges at Non Parent Bank ATMWaived
Duplicate Statement RequestWaived
Web Pay Service FeeWaived
*Save railway surcharge waiver of 1.8% for transaction on www.irctc.co.in and 2.5% for transactions on Indian Railways Booking Counters.Maximum railway surcharge waiver allowed in a calendar year is Rs. 500/-
**Save fuel surcharge waiver of 1% across Fuel Stations on Kotak 811 Credit Card. Maximum fuel surcharge waiver allowed in a calendar year is Rs. 3,500/-

also read :- How I survived a Credit Card fraud today!

Leave a Reply

Your email address will not be published.