Kotak Mahindra Bank Urbane Gold Credit Card

Kotak Urbane Gold Credit Card offered by Kotak Mahindra Bank is one of the finest credit cards for frequent shoppers as it offers rewards on all purchases. The card comes with an annual fee of Rs. 199, which is completely waived off on spending Rs. 15,000 annually. For spending every Rs.100, you get 3x reward points that can be redeemed against the purchases made with the card.

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Key Highlights of Kotak Urbane Credit Card

Below are the key highlights of kotak urbane credit card:
  • Nil joining fee and annual fee is just Rs. 199.
  • Annual fee is waived off on minimum retail spends of Rs. 15000 every year.
  • Earn 3X reward points on spending every Rs. 100.
  • Get a coverage of up to Rs. 50,000 with Urbane Shield against loss or theft of the card.
  • Add-on credit card facility available.
  • Minimum Amount Due (MAD) can be 5% or 10% of TAD as decided by the bank.

Features & Benefits of Kotak Urbane Gold Credit Card

Reward Points
  • Earn 3X reward points on spending every Rs. 100 on retail transactions.
  • You can redeem your reward points when they are 1000. 1000 reward points will be worth Rs. 75 when redeemed.
  • Minimum 1000 reward points are must for redemption.
Urbane Shield
  • Insure your credit card with Urbane Shield and get a coverage of up to Rs. 50,000 against loss or theft of the card. This is one of the remarkable Kotak Urbane credit card benefits.
  • The loss, theft or misuse of the card must be reported within 7 days of the incident.
  • If your card is stolen or lost, call the Kotak Mahindra credit card customer care immediately at 1860 266 2666, and get your credit card blocked or deactivated for preventing its misuse.
Add-on Card
  • You can avail of the Add-on Urban Gold Kotak credit card for your family members, which offers the same benefits as the primary card.
  • The Add-on Card is offered at zero additional fee and there is no annual fee involved.
  • You also get the option of setting up a spending limit on the Add-on Card.
  • You can keep a track of where you have spent your money with the feature that tracks spending on each of the Add-on Card separately.
Milestone Feature
  • Spend Rs. 1 Lakh in a year on your Urbane credit card Kotak and get 4 PVR tickets free or 10,000 reward points.
  • PVR tickets are transferable and can be used for any day and any show.
  • PVR tickets can be claimed within 3 months after the program period ends.
  • Reward points are credited in the next billing cycle and can be claimed within 3 months after the program period ends.
  • Reward points can be redeemed against Air tickets, Movie Tickets, Mobile Recharge, Branded Merchandise and so on.

Kotak Urbane Gold Credit Card Fees & Charges

  • Joining Fee: Nil
  • Annual Fee: Rs. 199. Kotak Urbane credit card annual charges can be waived off on minimum retail spends of Rs. 15,000 annually.
  • Interest charges on outstanding balance: 3.50% (42% p.a.)
  • ATM Cash Withdrawal/ Fund Transfer/ Call a Draft/ Cash Advance charges per Rs. 10,000 or part thereof: Rs. 300
  • Cheque bounce charges: Rs. 500
  • Over limit charges: Rs. 500
  • Foreign currency markup: 3.5%
  • Cash payment at bank: Rs. 100
  • Reissuance or replacement of card: Rs. 100 per issuance
    • Late payment charges:
  • Rs. 100 for statement outstanding below or equal to Rs. 500
  • Rs. 500 for statement outstanding between Rs. 501 to Rs. 10,000
  • Rs. 700 for statement outstanding above Rs. 10,000
  • GST & applicable taxes: Charged as per the rates approved under the Finance Act each year on all interest, fees and other charges levied on the Credit Card.

Kotak Urbane Credit Card Eligibility

  • The age of the Primary Card holder should be 21 to 65 years.
  • Add-on Card holder should be aged 18 years and above.
  • This card is available at specific location i.e.: Delhi (including Gurgaon & Noida), Mumbai, Navi Mumbai, Pune, Ahmedabad, Bangalore, Hyderabad, Chennai, and Kolkata.
  • The minimum income requirement is Rs. 3 Lakhs and above per annum.
  • The applicant should be a resident of India.