- Joining fee
Nil
- Annual fee
Nil
- Best suited for
Shopping
Rewards
- Rewards rate
Up to 1% cashback on monthly spends above Rs. 10,000 with this card.
- Welcome benefits
Rs. 500 cashback on making a single transaction worth Rs. 10,000 or more within the first 30 days.
- Reward redemption
The cashback is directly credited to the cardholder’s accounts.
Fees & charges
- Rewards redemption fee
Nil
- Interest rates
3.5% per month
- Fuel surcharge waiver
N/A (fuel transactions are not applicable to this card)
- Cash advance charges
Rs. 300 for every withdrawal of Rs. 10,000
Product highlights
- Lifetime free credit card.
- Exclusively for Metro Wholesale members.
- An opportunity to earn Rs. 500 cashback as an introductory benefit.
- 1% cashback on monthly spends above Rs. 5 lakhs.
- 0.25% to 0.50% cashback on monthly spends below Rs. 5 lakhs.
FAQs
What is the annual fee of the Metro Kotak Credit Card?
The Metro Kotak Credit Card is lifetime free, i.e. it doesn’t have any joining/annual membership fee.
Can I use my Kotak Metro Credit Card for fuel purchases?
No, this credit card can not be used for fuel transactions/foreign currency purchases. It is supposed to be used exclusively for metro wholesale spends.
What is the maximum cap on monthly cashback earning with the Metro Kotak Credit Card?
The maximum cap on cashback that can be earned using this card is Rs. 10,000 per statement cycle.