Lifetime Free Card with Zero Joining & Annual Fees
*Reward Points will not be accrued for transaction categories such as: Rent, Fuel, Railway, Wallet Loading, EMI, Education & Balance Transfer
#Regular Credit Card Transactions include Online/E-Commerce and International Transactions made virtually
Kotak UPI RuPay Credit Card will be issued as virtual only card and no physical card will be issued. For your convenience, the card details will be auto-registered in Kotak Mobile Banking App under Credit Card Section. To view card details, follow the below steps:
Login into Kotak Mobile Banking App
Go to “Credit Card” Section
Go to “Card Overview” Section
To enable E-Com/Online & International Transactions & manage card usage settings, please click on “Card Control” Tab under “Card Overview” Section in Kotak Mobile Banking App.
Unfold UPI Magic with Kotak UPI RuPay Virtual Credit Card. Link your card on UPI Apps & set UPI Pin for making UPI Transactions
For more information on how to link your RuPay Credit Card on UPI Apps, Click Here
Kotak Rewards
Introducing Kotak Rewards - your new point redemption currency that simplifies managing rewards points on your Kotak credit cards. Redeem your points across a variety of categories like Mobile Recharge, Shopping across 10,000 products, E-vouchers across various brands, Movies, Travel and many more! T&C Apply.
Customer should be in the age bracket of 18 years to 65 years
Customer should be an existing Kotak Credit Card holder
Customer should be a Resident of India
Fees & Other Parameters
Kotak UPI RuPay Credit Card
Joining Fees
Nil
Annual Fees
Nil
Add on Card Benefit (Virtual Card)
Not Applicable
Interest Charges on outstanding Balances
3.5% (Annualized Rate - 42%)
Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)
MAD can be 5% or 10% of TAD as decided by the Bank
Late Payment Charges ("LPC")
Due as per last statement
LPC Charges
<₹100
₹0.0
₹100 – ₹500
₹100
₹501 – ₹5,000
₹500
₹5,001 – ₹10,000
₹600
₹10,001 – ₹25,000
₹800
₹25,001 – ₹50,000
₹1000
>₹50,000
₹1200
Over Limit Charges
₹500
Cheque Bounce Charges
Higher of (2% of bounce amount or ₹500)
Auto Debit Return Charges
Higher of (2% of bounce amount or ₹450)
Foreign Currency Mark Up
3.5% per transaction + GST
Railway Booking Surcharge Waiver
Not Applicable
Fuel Surcharge Waiver
Not Applicable
Fee for Cash payment at Bank
₹100
Reissue/ Replacement Card (per Card)
Nil (As it is a virtual card)
Note: GST/Applicable taxes, would be charged as per the rates approved in the Finance Act each year on all interest & fees and other charges levied on your Credit Card.