What is a credit card balance transfer?

Credit card balance transfer is the process of transferring owed balance from one credit card account to another. Upon carrying out this process, the debt is owed to the new card issuer as opposed to the original card issuer.

Visa payWave

Introducing a fast way to pay. Visa payWave offers a fast, safe and secure way to pay. Just wave your Kotak Visa payWave Credit Card and pay for transactions up to Rs. 2000 without a PIN

Visa payWave Credit Card and pay for transactions up to Rs. 2000 without a PIN
Contactless payments are safe and secure
- You don't need to enter your PIN - just wave your credit card on the reader*
- The credit card never leaves your hand, reducing the risk of credit card loss or counterfeit
- Payments supported by multiple layers of security, which ensures that you are safe from fraudulent or unauthorized transaction

How does the PayWave Credit Card work?

Step 1: Look for the Visa PayWave mark and contactless logo at the point of sale
Step 2: The cashier enters your purchase amount into the terminal. This amount will be displayed on the contactless reader
Step 3: Tap your credit card over the POS at close range (less than 4 cm from where the contactless logo appears)
Step 4: Four green indicator lights or a beep sound will indicate when the transaction is complete. A message will also be displayed on the screen indicating the transaction is complete. No PIN is required

*Please note that the requirement for PIN entry on the POS terminal at the merchant outlet is a function of country specific regulations and is subject to change. PIN input is not mandated for purchases below the permissible local limit

Please note that the permissible transaction limit for usage of credit cards in contactless mode in India is mandated by RBI and may change from time to time based on the latest regulations. As per RBI notification on Additional Factor authentication for contactless transactions dated May 14, 2015, PIN input is not required on the POS terminal at the merchant outlet for contactless transactions up to a maximum value of Rs. 2,000 per transaction. Additionally, beyond this transaction limit, (above Rs. 2,000) the card has to be processed in Chip & PIN mode and authentication with PIN is mandatory

Know the Value Chart for the Privy League Signature Credit Card only for privy league customers.
Explore more credit card options that best suit your needs.