Frequently Asked Questions

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Why should I select a Kotak Credit Card?

Kotak Credit Cards symbolize the following guiding principles:

Simplicity

Kotak Credit Cards are simple to understand and use. We have taken special care to make them hassle free so that you can spend time on more important things in life that require your attention.

Transparency

Kotak Credit Cards are transparent in communicating upfront what the card offers and what you would have to spend for it, if at all. We have taken care that there will be no hidden charges associated with this card.

Relevance

Kotak Credit Cards have understood what you need the most from your credit card, and have been designed to give you only those benefits that are most relevant for you.

This promise from Kotak ensures that you only get the best from your credit card!

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Whom has the Delight Platinum Card been designed for?

The Kotak Delight Platinum Card has been specifically designed for the High Income or High Net Worth individuals. We have kept in mind your lifestyle requirements and the relevant benefits so that you could derive the maximum out of it.

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What type of Credit Card is Delight Platinum?

The Kotak Delight Platinum Credit Card is a VISA Platinum Card.

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Why should I choose a Delight Platinum Card? Are there any specific benefits that I get?

Only Kotak Delight Platinum Card offers you a unique every time & every where advantage - 10% cashback on dining & movies. We give you the freedom to choose the restaurant you wish to dine at or a movie theatre you like to go to and avail of the cashback every time you use the Kotak Delight Platinum Card.

Besides this, enjoy complete Fuel and railway surcharge waiver, Milestone Benefits & exciting EMI & BT plans that no one else offers.

 

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What is the Annual & Joining Fee for this Card?

The Joining fee for Delight Platinum Credit Card is Rs. 1999

Joining Fees of Rs. 1999 is applicable in the 1st Year and charged one time at the beginning of the year .It is billed in the 1st statement generated after card set up in the 1st Year.

The Annual fee for Delight Platinum Credit Card is Rs. 299

Annual fee of Rs. 299 is applicable from the 2nd Year onwards and charged at the beginning of the year.It is billed in the 13th statement generated after card set up in the 2nd Year and every 12 months thereafter.

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Is this Card valid internationally?

Yes, this Card is valid internationally.

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Do I enjoy any interest free period on retail?

Yes, you enjoy an interest free period on retail transactions of up to 48 days.

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Do I enjoy any interest free period on cash?

Yes, The interest free period is limited only to the retail transactions & does not include cash transactions. The interest starts accruing from the date of cash withdrawal.

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What is the interest Rate that is applicable to me?

The interest applicable to you is 4% per month.

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When do you charge me a Mark Up?

A Mark up is charged to the tune of 4% every time you do an international transaction. Cash and Retail transactions will both attract a Mark up.

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When do you charge me an over limit charge?

If your transactions cross 100% of your credit limit, you will be charged a flat over limit fee of Rs. 500 in each billing cycle that you are over limit.

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How is the interest calculated on cash?

Please refer the below information:

Interest charges = (Number of days for which a balance is held) * (Amount) * (Daily rate of interest)

Daily rate of interest = (Monthly interest rate) * 12/365

Daily rate of interest = (3.5%) * 12/365 = 0.1118%

Please note that the per day interest rate in the above calculation is for illustration purpose only and the actual applicable rate shall be as prevailing and quoted in the schedule of charges.

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Am I entitled for an Add-on Card?

Yes, Add-on Cards are available on Delight Platinum Card for a one time fee of Rs. 299 per card.

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Are all the Delight Platinum features available on the Add-on Card?

Yes, all Delight Platinum features can be availed by the Add-on Card holder.

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Will the Add-on Card holder get a separate cashback?

The monthly cashback limit of Rs. 600 including both Dining and Movie transactions has been set up for the Primary & Add-on Cards combined. Hence, the Add-on Card holder will not get any separate cashback.

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Is there a rewards program on Delight Platinum Card?

There is currently no rewards program on the Delight Platinum Card.

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Where all can I avail of 10% Cashback?

10% Cashback is offered to the customers on Restaurants & Entertainment MCC (Merchant Category Codes) as defined by VISA. This would also include Bars, Pubs & anything else classified under Restaurants MCC.

Entertainment would include Movie and Play theatres.Cash Back is offered on transactions undertaken at only stand-alone outlets and not outlets which are affiliated to any Hotels/ Shopping Malls / Departmental Stores etc and classified under the "Hotel", "Grocery" , "Apparels", "Departmental Stores" etc Merchant Category Code as defined by VISA.

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Would that also include coffee shops & pizza outlets like Cafe Coffee Day, Barista or Dominos etc?

Yes you can avail of the cashback if the coffee shops & pizza outlets are mapped under the Restaurant MCC in VISA mapping. As per VISA data majority of coffee shops and pizza outlets are identified as under Restaurant MCC and hence the customer will enjoy a 10% Cashback.

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Would that include eating joints at Shopping Malls like Spencer's, Big Bazaar etc?

Restaurants within Malls & Department store are mapped as malls; hence no cashback will be earned on them.

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Will this include all restaurants, bars and pubs in hotels?

Hotels are strictly barred from any cashback as Cash Back is offered on transactions undertaken at only stand-alone outlets and not outlets which are affiliated to hotel and classified under the "Hotel" Merchant Category Code as defined by VISA. For e.g. If a customer eats at TAJ or ITC Grand Maratha they will not receive cashback.

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Is this cashback applicable to Multiplexes only?

It is available at all outlets mapped under "Entertainment", so apart from Multiplexes all other theatres etc are also included in the cashback.

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Which Multiplexes are included in the offer?

As stated above all Multiplexes mapped under Entertainment are included in this offer.

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Can the 10 % Cash-back be combined with any other offer that a dining or entertainment merchant may be offering?

Yes,the 10 %cash-back offer is over and above other offer extended by the merchants and it can be combined with other offers extended by the dining or entertainment merchant as the cashback is provided by the Bank on the amount for which the customer is billed after availing the offer extended by the Merchant.

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Are plays included in the Cash back on Entertainment ?

All plays are likely to be mapped under Entertainment MCC & hence the customer will enjoy a 10% cashback at all places.

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Will this also cover payments I make for movies and plays through the internet?

Yes you will be entitled for 10% cashback whether you book the tickets from a 3rd party aggregator website e.g. Book My Show or if you book on the website of a particular theatre or multiplex etc www.pvrcinemas.com, as long as they are mapped under Entertainment MCC.

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Is there any specific condition for availing the 10% cashback?

Yes. You can avail the 10% Cashback on Dining and Movies only if you spend a minimum of Rs. 10, 000 on categories other than dining and entertainment within the billing cycle to avail 10% cash-back on dining ( stand-alone outlets ) and movies every month

*Categories other than Dining and Entertainment include Grocery , Airlines , Apparels , Fuel , Department Store,Jewellery , Electronics etc. A maximum Cash-back of Rs. 600 including both Dining & Entertainment transactions will be given in a monthly billing cycle. Dining & Movie Transactions up to Rs. 4000 are eligible for cash-back. Cash-back for a particular billing cycle will be credited in the next month billing cycle.

Cash-back is offered on transactions undertaken at only those Merchant Establishments which are classified under the "Restaurants" and "Entertainment" Merchant Category Code (MCC) as defined by VISA

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What is the maximum transaction amount in a single swipe for which I can earn cashback?

The maximum transaction amount for a single swipe is Rs. 4000; hence the maximum cashback that a customer can earn in a single transaction is Rs. 400. If the transaction value for example is Rs. 4500, you are not entitled for any cashback

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What is the maximum amount of cashback available to me?

The maximum cash-back available to you in a month is Rs. 600.Once these limits are exhausted, you will not be entitled for any more cash-back on dining & entertainment in that cycle

To meet the Rs. 10,000 eligibility criteria, transactions will be considered as per the billing date of the transaction and not as per the date on which the Delight Platinum Card is swiped. E.g. Transaction done on 24th May & settled on 26th May will not be considered as an eligible transaction for meeting the Rs. 10,000 spend criteria in the 25th May statement cycle.

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How & when will the cashback appear in the statement?

Cashback would appear in your next month statement after the statement in which the transaction was billed.You will be billed the complete transaction amount and the cashback would appear as a credit entry.

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Under what circumstances will I not earn cashback?

You would not earn 10% cash-back on dining and entertainment under the following scenarios:

- You have continuously defaulted in your last three payments due.
- You have not made a purchase of Rs. 10,000 or more on categories other than dining and entertainment in the billing cycle.
- You have already exhausted the cash-back limit of Rs. 600 per cycle.

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What happens if the Insurance Company rejects my claim or I fail to register a claim with the Insurance Company?

In case if you fail to register your claim with the Insurance Company or if your claim is rejected by the Insurance Company you will be liable to pay the amount of the disputed transaction(s) as reflecting in your Kotak Credit Card Statement.

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On what is the waiver applicable?

On purchasing of rail tickets online at www.irctc.co.in the customer is levied a 1% surcharge and on purchasing of rail tickets from the Indian Railways Booking Counters customer is levied a 1% surcharge. The Delight Platinum Card offers you Waiver of this surcharge of 1 % that is levied.(ST Applicable)

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Is the waiver applicable on the delivery charge?

No. There is no waiver applicable on the delivery charge.

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What is the maximum surcharge waiver that I can get?

You can earn up to Rs. 500 annually as Railway Surcharge waiver.

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Is there a special service offered while canceling the tickets?

No there is no special service offered. The surcharge will be automatically reversed if you cancel the tickets.

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Where is the waiver valid?

Most credit card companies have tie-ups with only a select oil companies and hence the waiver is valid only at select petrol pumps, but 811 #DreamDifferent Credit Card will offer the customer fuel surcharge waiver across all domestic petrol pumps.

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What is the minimum/ maximum transaction amount for a single swipe?

The minimum is Rs. 400 and the maximum is Rs. 4000.

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What is the maximum fuel surcharge waiver that I can get on a single transaction?

The maximum transaction amount for a single swipe is Rs. 4500. Hence the maximum surcharge waiver can be Rs. 40 (1% of Rs. 4000).

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Is there any monthly or annual cap on how much surcharge can I earn?

Maximum Fuel surcharge waiver allowed in a calendar year is Rs. 4500

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