If your queries are about Kotak credit cards, like Kotak credit cards offers, Kotak credit cards payment, Kotak credit cards customer care, this article is very helpful for you.
Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai, India. It provides banking products and financial services to corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. As of November 2021, it was the third-largest private sector bank in India by assets and market capitalization. As of February 2021, the bank had 1600 branches and 2519 ATMs.
Table of Contents
History
In 1985, Uday Kotak founded what became the Indian financial services conglomerate; in February 2003, Kotak Mahindra Finance Ltd. (KMFL) obtained a banking license from the Reserve Bank of India. KMFL thus became the first non-banking financial company to be banked in India.
In the Brand Finance Banking 500 study published by Banker magazine in February 2014, KMBL ranked 245th among the world’s 500 largest banks with a brand valuation of approximately $481 million and a brand rating of AA+.
Mergers and acquisitions
ING Vysya Bank
In 2015, Kotak Bank acquired ING Vysya Bank in a deal valued at £150 billion ($2 billion). After the merger, Kotak Mahindra Bank had about 40,000 employees and 1,261 branches. After the merger, ING Group, which controlled ING Vysya Bank, now holds a 7 percent stake in Kotak Mahindra Bank.
Farbein
In 2021, the bank acquired a 9.99% stake in Ferbine, which is promoted by the Tata Group and will operate a pan-African umbrella organization for retail payments systems, similar to the National Payments Corporation of India.
Subsidiaries and associates
The bank’s main subsidiaries are
- Kotak Mahindra Prime
- Kotak Mahindra Investments Ltd.
- Kotak Securities
- Kotak Mahindra Capital
- Kotak Mahindra Life Insurance
- Kotak Mahindra General Insurance
- Kotak AMC
- Kotak Investment Advisors
- Kotak Corporation
Why should I apply for a credit card with Kotak Bank?
At Kotak Mahindra Bank, we understand the diverse needs of our customers. That’s why Kotak Bank offers a wide range of credit cards to suit your shopping preferences. We categorize our credit card offers based on your preferences in entertainment, shopping, dining, travel, and lounge access. Based on your shopping habits, you can choose the credit card that gives you extra points for the things that matter most to you. Find the right credit card for you in our wide selection. The more you spend, the more you’ll save when you find the right credit card for you.
Kotak Mahindra Credit Card
Kotak Mahindra Bank is one of the largest players in the financial market, offering a wide range of services. It enjoys an excellent reputation in the areas of commercial banking, investment banking, stockbroking, mutual funds, and life insurance. This conglomerate offers financial services that meet the needs of businesses as well as retail customers and investors.
Kotak Fortune Gold Card
Kotak also offers credit cards to meet the financial needs of customers from different backgrounds. The Kotak Fortune Gold credit card is designed to meet the needs of entrepreneurs.
The benefits of the Kotak Fortune Gold credit card are as follows.
- Interest-free cash withdrawal
- Fee-free EMI
- Waiver of 2.5% fuel surcharge
- 0% balance transfer
- The card is free forever
- Low fees
Who is eligible for the Kotak Mahindra Credit Card?
- Primary cardholders must be between 21 and 65 years of age. Additional cardholders must be above 18 years of age.
- The card is available at various locations like Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi, Gurgaon, Noida, Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune.
- The applicant’s annual income must be more than 30 million rupees.
- The card is issued to entrepreneurs only
- The card applicant must be a resident of India.
Trump Gold Card
The Kotak Trump Gold card is a Visa Gold card designed specifically for the businessman segment.
Advantages of the Kotak Trump Gold Card
- 10% cashback on all restaurants
- 10% cashback on movies and theaters
- No EMI fees
- Exemption from 2.5% fuel surcharge
- Free for life
Who is eligible?
- Cardholders must be between the ages of 21 and 65. Minimum age of 18 years for additional cards.
- The card is valid in Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi, Gurgaon, Noida, Hyderabad, Kolkata, Mumbai, Navi Mumbai, and Pune.
- The applicant’s annual income must be more than 30 million rupees.
- This option is only available to salaried executives.
- The applicant must be a resident of India.
League Platinum Card
The Kotak League Platinum card is specifically designed to meet the needs of high earners and high net worth individuals. This card is a Visa Platinum card.
Benefits and offers
- Exclusive dining privileges at Taj.
- Automatic redemption of points.
- SMS support
- Fraud protection in case of loss or theft of the card
- Can be used to purchase pure gold bars and eternity coins at Kotak Mahindra Bank.
- Easy payment with 3 EMI options without any commission.
Who is eligible?
- Applicants for Primary Card must be between 21 to 65 years of age. For Supplementary Card, the age should be 18 years and above.
- The facility is available in Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi, Gurgaon, Noida, Hyderabad, Kolkata, Mumbai, Navi Mumbai, and Pune.
- This service is only available to individuals with an annual income of at least Rs. 15,000.
- You must be a resident of India
Royal Signature Card
Kotak Royale Signature Card is another card for high earners and wealthy individuals and is a Visa signature card.
The benefits of the Loyal Signature Card are as follows
- Cardholders can redeem their reward points automatically.
- Exclusive dining privileges at the Taj.
- Fraud protection in the event the card is lost or stolen
- Exceptional personal service
- Worldwide golf privileges
- Free skin consultation for life
Who is eligible to participate?
- The cardholder must be between 21 and 65 years of age and the additional cardholder must be at least 18 years of age.
- Available in Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi, Gurgaon, Noida, Hyderabad, Kolkata, Mumbai, and Pune.
- Only persons with an annual income of at least 25,000 rupees are eligible.
- The applicant must be a resident of India.
Also check,
Oliver is a professional blogger and a seasoned business and finance writer. With a passion for simplifying complex financial topics, he provides valuable insights to a diverse online audience. With four years of experience, Oliver has polished his skills as a finance blogger.
