What are the features of Kotak credit card?

What are the features of Kotak credit card?

Kotak 811 Credit Card

• 500 bonus reward points on spending Rs. 5000 within 45 days of card set up.
• 2 reward points against every Rs. 100 spent online.
• Annual fee waiver on retail spends of Rs. 50,000 in the previous anniversary year.
• Rs. 750 cashback on spending Rs.
• Save fuel surcharge waiver of 1% across fuel stations.

What are 5 key features of a credit card?

Eight Key Characteristics of a Credit Card

• Type of card.
• Grace period.
• The method of calculating the financial charge.
• Credit Card Fees.
• Cash advance features.
• Credit limit.
• Rewards and bonuses.
• Interest rate.

What can I do with Kotak credit card?

Pay ANY mobile number registered against ANY payment app.

• Utility Payments.
• Mobile / Landline Postpaid Bill Payments.
• Credit Card Bill Payments.
• Recharge FASTag.
• Mobile Prepaid Recharge.
• View all payments / recharges.

What are 3 benefits of a credit card?

Benefits of Using a Credit Card

• Earning Rewards. Earning rewards can be a great advantage of having a credit card.
• Help Building Credit. A good credit score can help you get better interest rates for things like car loans, personal loans and mortgages.
• Digital Tools and Account Management.
• Unauthorized Charges Protection.

What are the 4 types of credit cards?

Rewards credit cards. Secured credit cards. Low-interest credit cards. Cashback credit cards.

What is the minimum limit of Kotak credit card?

This means that the minimum credit limit is Rs. 8,000. The maximum credit limit of the card is Rs. 12 lakhs. It is a free-for-life credit card with no joining fee or annual fee.

What are 3 types of credit cards?

Fortunately, most cards can be classified into three major categories based on the features they offer: rewards credit cards, low interest and balance transfer cards, and credit-building cards.11-Apr-2022

What is the golden rule of credit cards?

Only have a credit card if you pay in full each month. This is the single most important rule of credit cards. Your best financial move is to repay your credit card balance in full each month. Otherwise, you will be subject to high interest charges.28-Feb-2019

What are 5 advantages of credit cards?

Credit card benefits

• Earn rewards such as cash back or miles points.
• Protection against credit card fraud.
• Credit score information for free.
• No foreign transaction fees.
• Increased purchasing power.
• Not linked to checking or savings account.
• Putting a hold on a rental car or hotel room.

Can we use Kotak credit card in ATM?

Also, there is no documentation involved to avail of such benefits. You can use your credit card at any ATM to withdraw cash.

Can I use credit card petrol?

When one pays for fuel through credit card, a fee is levied which consists of transaction fee and service tax. This fuel surcharge ranges between 1% and 3% of the cost of fuel.19-Oct-2020

Can I pay EMI in Kotak credit card?

Outstanding to EMI With Kotak Credit Card you can shop hassle-free and convert your outstanding credit card balance to easy EMIs.

What are 5 disadvantages of credit cards?

Disadvantages of Credit Cards

• Minimum due trap. The biggest con of a credit card is the minimum due amount that is displayed at the top of a bill statement.
• Hidden costs.
• Easy to overuse.
• High interest rate.
• Credit card fraud.

What are 3 disadvantages of credit cards?

Credit cards have a few disadvantages, such as high interest charges, overspending by the cardholders, risk of frauds, etc. Additionally, there may also be a few additional expenses such as annual fees, fees of foreign transactions, expenses on cash withdrawal, etc. associated with a credit card.17-Aug-2022

Can I withdraw money from credit card?

You just go to an ATM and take the cash that you need, within the allocated limit. It doesn't need any special approval from the bank or anything. And you pay it back along with the charges that come with cash withdrawals. Every card has a credit limit – that is the maximum amount that can be spent on that card.

What are the top 5 credit cards?

Best credit cards of 2022

• Wells Fargo Active Cash® Card: Best for cash back.
• Capital One SavorOne Cash Rewards Credit Card: Best for rewards.
• Wells Fargo Reflect® Card: Best for balance transfers.
• Citi® Diamond Preferred® Card: Best for zero interest.
• Capital One Quicksilver Cash Rewards Credit Card: Best for no annual fee.

What is credit card limit?

In very simple terms, the Credit Limit or the Credit Card Limit is the maximum amount that a person can spend on his or her Credit Card. This limit is something that the issuing company fixes.

What is the highest credit card level?

The most exclusive credit card is the American Express Centurion Card, also known as the Amex Black Card. It is reportedly reserved for people who spend at least $100,000 per year, and an invitation is needed to apply.6 days ago

Can I use 100% credit card limit?

Yes, credit card issuers allow you to use your card for an amount above the credit limit, called the 'over limit' facility. Before you avail of this facility, there are a few things you need to keep in mind.08-Feb-2020

Does Kotak credit card has annual fee?

Explore more credit card options that best suit your needs.Fees & Charges.

What is the salary limit of Kotak credit card?

8000 to Rs. 12,00,000. However, 811 #DreamDifferent credit card has a few eligibility criteria, and one of such is your minimum term deposit should be Rs. 10,000.

What are the features of Kotak credit card?