Best Kotak Bank Credit Cards of December 2024

Kotak Credit Card Quick Links

Customer Service

https://www.kotak.com/en/customer-service.html

Rewards Redemption Link

https://kotakrewards.com/

Types of Credit Cards Offered by Kotak Bank

Kotak Bank offers multiple types of credit cards like

Shopping: These are credit cards that are specially made for shopping be it online or offline with great benefits in the form of reward points or cash back.

Travel: These are credit cards made for people who love to travel and get benefits in the form of reward points or miles which can be redeemed for attractive gifts or free tickets

Lifestyle: These are credit cards that provide benefits for dining, movie tickets, etc. These are also called fun credit cards as they give benefits for more experience-oriented services. For example, a credit card will give more rewards for dining or give 2 complementary tickets each month.

Kotak Credit Card Benefits & Features

Credit cards have many uses apart from the rewards you get from spending using your credit cards. The following is a list of uses that credit cards can provide you
1. Sign-on bonuses: Some of the credit cards from Kotak Bank provide sign-on bonuses or gifts as a thank-you for signing with the bank. This is a great reward that will offset any joining fees paid already and get even more.

2. Rewards: Reward points are offered for any transaction that is made using your Kotak Bank credit card. These reward points can be accumulated to obtain a great gift, or the points can be redeemed for cashback. Either way, the customer is the winner.

3. Frequent flyer miles: This is useful for people to travel by plan frequently. They get “miles” as a reward for using their Kotak Bank credit card to pay for airline tickets. With enough points, you can avail discount on future tickets or you may be able to get tickets for free. Also, with some credit cards you get access to airport lounges which could be a lifesaver in case of delayed flights.

4. Cashback: Some Kotak Bank credit cards also provide cashback on certain spends like 5% cashback for shopping online, and 5% cashback for using your credit card to pay utility bills. This is a great way to save money on spending.

5. Keeping vendors in check: Credit cards help in keeping vendors in check. Customers have the option to cancel payment or even if already paid the ability to revert payment if they feel the product they bought is below par. This way the vendors who provide the products will stay honest and provide better quality goods.

6. Insurance: Many credit cards come with insurance like travel insurance which can be availed. Many cardholders don’t even realize they are protected and don’t utilize these facilities. It is best to read the terms and conditions before you get a credit card and know every feature available.

7. Universal acceptance: Unlike debit cards, credit cards have universal acceptance. If you go to any foreign country, you can spend money by using your credit card and not go searching for a currency exchange center or ATM.

8. Instant Loan: Your credit limit is a source of loan that can be accessed immediately without requiring any approvals. This can be very useful in case of emergencies. There is also the option to convert your credit card bill to an EMI if you cannot pay back the bill immediately.

9. Credit score improvement: When you pay your credit card bill on a regular basis it will improve your credit score. As different credit or credit mix also forms a part of credit score, a credit card will help improve your score from that aspect as well.

Thus, credit cards provide a cardholder with a plethora of benefits.

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What is a Credit Card?

A credit card is a transactional card that enables the holder to make purchases of goods and services or withdraw advance cash on credit. 

Banks and financial institutions issue it to bring the convenience of payment. Credit cards act as a microloan tool where the individual makes purchases under the condition of paying off the same within a specific time period. There are no interest payouts if the due amount is paid within a specific time (interest-free period). The issuer pre-sets a custom borrowing limit, determining the maximum amount of credit a user can spend from a credit card. Credit cards allow users to save big through discounts and deals, making them popular.