Management Co. Ltd. Kotak Securities Ltd.
- Institutional Equities KMCC - Investment Banking KIAL - Private Equity KIAL - Realty Fund KMPL - Car loans KMIL - LAS, CRE & Corporate loans Kotak General Insurance
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Essentia gives you 10 Saving Points for every Rs. 100 you spend at Departmental & Grocery Stores.
1 Saving Point = Rs. 1
Minimum transaction size: Rs. 1500
Maximum transaction size: Rs. 4000
Maximum Saving Points for a month - 500 valued at Rs. 500
Saving Points can be redeemed for cash and many more options. Click here for more details.
What's more, you earn 1 Saving Point for every Rs. 250 you spend on other categories* without any restrictions. So you save with every transaction!
*Saving Points earned with purchases done on other categories will be given over and above the Saving Points earned for purchases done in Departmental & Grocery stores.
Plus, a world of offers!
There's even more joy to the Kotak Essentia card! We have a world of offers waiting for you, both online and offline!
So go ahead and enjoy your dream vacation or dine at an exclusive restaurant or simply catch a movie with your near and dear ones. For more information, click here
Should you have a question for us, the answers are now easier to find! We’ve introduced a service called KASSIST so you need not wait on calls endlessly anymore. Just SMS KASSIST to 5676788 and we shall call you back within 30 minutes*!
*The call within 30 mins will be made to all SMS received between 10 am & 6pm from Monday to Saturday.
To apply for Essentia SMS KTEN to 5676788 or click here to apply online
Kotak Credit Cards symbolize the following guiding principles:
Kotak Credit Cards are simple to understand and use. We have taken special care to make them hassle free so that you can spend time on more important things in life that require your attention.
Kotak Credit Cards are transparent in communicating upfront what the card offers and what you would have to spend for it, if at all. We have taken care that there will be no hidden charges associated with this card.
Kotak Credit Cards have understood what you need the most from your credit card, and have been designed to give you only those benefits that are most relevant for you.
This promise from Kotak ensures that you only get the best from your credit card!
The Kotak Essentia Chip Card has been specifically designed for the High Income or High Net Worth individuals. We have kept in mind your lifestyle requirements and the relevant benefits so that you could derive the maximum out of it.
The Kotak Essentia Card is a VISA Chip Card.
Only Kotak Essentia Chip Card offers you a unique every time & everywhere advantage - 10% savings on Departmental & Grocery spends. We give you the freedom to choose your Departmental Store or Grocery Store and save with every transaction!
Essentia gives you 10 saving points for every Rs. 100 you spend on essentials at Departmental Store & Grocery Stores. And each point is worth Rs. 1 So for every Rs. 100 you spend, you save Rs. 10!
Minimum purchase: Rs. 1500
Maximum purchase: Rs. 4000
Maximum saving points for a month - 500 valued at Rs. 500
What's more, you earn 1 saving point for every Rs. 250 you spend on other categories. So you save with every swipe!
Saving Points can be redeemed for Cash, Airline Tickets, Merchandise, Mobile recharge and many more options!
Besides this, enjoy Milestone feature where you will get 12 movie tickets every year. For details click here.
The Joining fee for Kotak Essentia Chip Platinum Card is Rs. 1499
Joining Fees of Rs. 1499 is applicable in the 1st Year and charged one time at the beginning of the year .It is billed in the 1st statement generated after card set up in the 1st Year.
The Annual fee for Kotak Essentia Chip Platinum Card is Rs. 749
Annual fee of Rs. 749 is applicable from the 2nd Year onwards and charged at the beginning of the year.It is billed in the 13th statement generated after card set up in the 2nd Year and every 12 months thereafter.
Yes, this Card is valid internationally.
Yes, you enjoy an interest free period on retail transactions of up to 48 days.
Yes, The interest free period is limited only to the retail transactions & does not include cash transactions. The interest starts accruing from the date of cash withdrawal.
The interest applicable to you is 3.50% per month.
A Mark up is charged to the tune of 3.5% every time you do an international transaction. Cash and Retail transactions will both attract a Mark up.
If your transactions cross 100% of your credit limit, you will be charged a flat over limit fee of Rs. 500 in each billing cycle that you are over limit.
Please click here
Interest charges = (Number of days for which a balance is held) * (Amount) * (Daily rate of interest)
Daily rate of interest = (Monthly interest rate) * 12/365
Daily rate of interest = (3.5%) * 12/365 = 0.1118%
Please note that the per day interest rate in the above calculation is for illustration purpose only and the actual applicable rate shall be as prevailing and quoted in the schedule of charges.
Yes, Add-on Cards are available on Kotak Essentia Chip Platinum Card for a one time fee of Rs. 299 per card.
Yes, all Kotak Essentia Chip Platinum Card features can be availed by the Add-on Card holder.
The monthly saving points limit of 500 saving points for including both departmental and grocery transactions has been set up for the Primary & Add-on Cards combined. Hence, the Add-on Card holder will not get any separate saving points.
10 saving points are offered on transactions undertaken at only those merchants establishments which are classified under " Departmental Store & Grocery" Merchant Category Code(MCC) as defined by VISA.
On the Kotak Credit Card the insurance cover is for Lost/stolen card /fraudulent charges provided by HDFC ERGO General Insurance Company.
If your credit card is lost or stolen, HDFC ERGO General Insurance Company will reimburse the unauthorized charges on your lost or stolen card, up to 7 days prior to your first reporting the event to Kotak Credit Card Customer Care.
Insurance is provided on both the primary card and the add-on/supplementary cards. We recommend that you read the Most Important Terms and Conditions and Cardholder Agreement for further details.
HDFC ERGO General Insurance Company will not pay for any expenses or loss for:
The sum insured is Rs. 25,000.00 / 50,000 / 75,000 / 2,50,000.00 per annum for Silver, Gold, Platinum/Titanium and Signature cards respectively.
The Claim form and Dispute form can be downloaded from www.kotakcards.com. The settlement of the claim registered by you will be subject to approval of the claim by the Insurance Company after independent investigations and shall be limited to the eligible insurance amount as per your card type as mentioned. Kotak Credit cards will not be responsible for any disputes arising out of any claims. All claims will be directly handled by HDFC ERGO General Insurance Company.
If the insurance claim is approved by the Insurance Company the disputed transaction amount[s] would be credited to your card account, subject to the eligible insurance amount. In case the disputed amount exceeds the eligible claim amount you shall be liable to pay for the excess amount of the disputed transaction(s) as reflecting in your Kotak Credit Card Statement.
In case if you fail to register your claim with the Insurance Company or if your claim is rejected by the Insurance Company you will be liable to pay the amount of the disputed transaction(s) as reflecting in your Kotak Credit Card Statement.
You can choose from the below redemption options:Redemption Option 1:
To track your spends and claim your benefit visit Click here
For details and terms and conditions Click here
PVR tickets will not be applicable for customers who fall under non - PVR location city
Please note: For redemption against Airline tickets / Merchandise / Mobile recharge, Saving Points have to be converted to EasyPoints. 1 Saving Point = 2 Easy Points.
|Credit Card expenses||Savings - Year 1||Savings - Year 2 onwards|
|10% savings on Departmental and Grocery spends on monthly spends of 5000||6000*||6000*|
|Savings on spends done on other categories on monthly spends of 5000||240||240|
|Milestone Benefit of 12 PVR tickets on spending 1,25,000 every 6 months||3000**||3000**|
|Total Savings in a year||9240||9240|
|Net Savings in a year after paying the fees||7741||8491|