- Joining fee
Nil
- Annual fee
Rs. 299 + GST
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
6 Reward Points per Rs. 200 spent on grocery, dining, etc and 2 Reward Points for other spends
- Welcome benefits
500 Reward Points if you spend Rs. 500 in the first 30 days of card set-up
- Reward redemption
The reward points are redeemable for various categories like Movie Tickets, Mobile Recharge, etc. 1 Reward Point = Re.0.25.
Benefits
- Insurance
Insurance cover for a lost or stolen card
Fees & charges
- Spend-based waiver
Annual fee waiver on spending Rs. 50,000 or more in a year.
- Rewards redemption fee
Nil
- Foreign currency markup
3.5% on all foreign transactions
- Interest rates
3.5% per month (or 42% annually)
- Fuel surcharge waiver
1% at all fuel stations in India
- Cash advance charges
Rs. 300 is charged for every Rs. 10,000 withdrawn
Product highlights
- 3x Reward Points per Rs. 200 spent towards dining, grocery etc
- 2 Reward Points per Rs. 200 spent on other categories
- Insurance coverage if the card is lost.
- Welcome offer on the basis of your spend in the first 30 days
- Get add-on card & enjoy added benefits
FAQs
What are the annual charges on Kotak Veer Platinum Credit Card?
An annual fee of Rs. 299 plus applicable taxes is charged.
Will I have to pay the renewal fee on this card?
You are charged Rs. 299 as an annual fee for the card, but you can get it waived on spending Rs. 50,000 or more in a year.
How many reward points will I get for purchases made with the card?
You will get 3x reward points per Rs. 200 spent on dining, movies, departmental and grocery spends and 2 Reward Points per Rs. 200 on other spends.
Does this card provide any insurance against lost/stolen cards?
The Kotak Veer Platinum Credit Card comes with an insurance cover of Rs. 1,25,000 against a lost or stolen card.
Does this card provide a fuel surcharge waiver?
Yes, the Kotak Veer Platinum Credit Card offer a fuel surcharge waiver of 1% at all fuel stations across India.