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 Delight Platinum 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 Delight Platinum Credit Card is a VISA Platinum Card.
Only Kotak Delight Platinum Card offers you a unique every time & every where advantage - 10% cashback on dining & movies. We give you the freedom to choose the restaurant you wish to dine at or a movie theatre you like to go to and avail of the cashback every time you use the Kotak Delight Platinum Card.
The Joining fee for Delight Platinum Credit Card is Rs. 1999
Joining Fees of Rs. 1999 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 Delight Platinum Credit Card is Rs. 299
Annual fee of Rs. 299 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 refer the below information:
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 Delight Platinum Card for a one time fee of Rs. 299 per card.
Yes, all Delight Platinum features can be availed by the Add-on Card holder.
The monthly cashback limit of Rs. 600 including both Dining and Movie transactions has been set up for the Primary & Add-on Cards combined. Hence, the Add-on Card holder will not get any separate cashback.
There is currently no rewards program on the Delight Platinum Card.
10% Cashback is offered to the customers on Restaurants & Entertainment MCC (Merchant Category Codes) as defined by VISA. This would also include Bars, Pubs & anything else classified under Restaurants MCC.
Yes you can avail of the cashback if the coffee shops & pizza outlets are mapped under the Restaurant MCC in VISA mapping. As per VISA data majority of coffee shops and pizza outlets are identified as under Restaurant MCC and hence the customer will enjoy a 10% Cashback.
Restaurants within Malls & Department store are mapped as malls; hence no cashback will be earned on them.
Hotels are strictly barred from any cashback as Cash Back is offered on transactions undertaken at only stand-alone outlets and not outlets which are affiliated to hotel and classified under the "Hotel" Merchant Category Code as defined by VISA. For e.g. If a customer eats at TAJ or ITC Grand Maratha they will not receive cashback.
It is available at all outlets mapped under "Entertainment", so apart from Multiplexes all other theatres etc are also included in the cashback.
As stated above all Multiplexes mapped under Entertainment are included in this offer.
Yes,the 10 %cash-back offer is over and above other offer extended by the merchants and it can be combined with other offers extended by the dining or entertainment merchant as the cashback is provided by the Bank on the amount for which the customer is billed after availing the offer extended by the Merchant.
All plays are likely to be mapped under Entertainment MCC & hence the customer will enjoy a 10% cashback at all places.
Yes you will be entitled for 10% cashback whether you book the tickets from a 3rd party aggregator website e.g. Book My Show or if you book on the website of a particular theatre or multiplex etc www.pvrcinemas.com, as long as they are mapped under Entertainment MCC.
Yes. You can avail the 10% Cashback on Dining and Movies only if you spend a minimum of Rs. 10, 000 on categories other than dining and entertainment within the billing cycle to avail 10% cash-back on dining ( stand-alone outlets ) and movies every month
*Categories other than Dining and Entertainment include Grocery , Airlines , Apparels , Fuel , Department Store,Jewellery , Electronics etc. A maximum Cash-back of Rs. 600 including both Dining & Entertainment transactions will be given in a monthly billing cycle. Dining & Movie Transactions up to Rs. 4000 are eligible for cash-back. Cash-back for a particular billing cycle will be credited in the next month billing cycle.
Cash-back is offered on transactions undertaken at only those Merchant Establishments which are classified under the "Restaurants" and "Entertainment" Merchant Category Code (MCC) as defined by VISA
The maximum transaction amount for a single swipe is Rs. 4000; hence the maximum cashback that a customer can earn in a single transaction is Rs. 400. If the transaction value for example is Rs. 4500, you are not entitled for any cashback
The maximum cash-back available to you in a month is Rs. 600.Once these limits are exhausted, you will not be entitled for any more cash-back on dining & entertainment in that cycle
Cashback would appear in your next month statement after the statement in which the transaction was billed.You will be billed the complete transaction amount and the cashback would appear as a credit entry.
You would not earn 10% cash-back on dining and entertainment under the following scenarios:
On the Kotak Credit Card the insurance cover is for Lost/stolen card /fraudulent charges provided by New India Assurance Company Ltd.
If your credit card is lost or stolen, New India Assurance Company Ltd 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.
New India Assurance Company Ltd 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.
Please refer the below information:
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.
On purchasing of rail tickets online at www.irctc.co.in the customer is levied a 1% surcharge and on purchasing of rail tickets from the Indian Railways Booking Counters customer is levied a 1% surcharge. The Delight Platinum Card offers you Waiver of this surcharge of 1 % that is levied.(ST Applicable)
No. There is no waiver applicable on the delivery charge.
You can earn up to Rs. 500 annually as Railway Surcharge waiver.
No there is no special service offered. The surcharge will be automatically reversed if you cancel the tickets.
Most credit card companies have tie-ups with only a select oil companies and hence the waiver is valid only at select petrol pumps, but Kotak Aqua Card will offer the customer fuel surcharge waiver across all domestic petrol pumps.
The minimum is Rs. 400 and the maximum is Rs. 4000.
The maximum transaction amount for a single swipe is Rs. 4500. Hence the maximum surcharge waiver can be Rs. 40 (1% of Rs. 4000).