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29 AUGUST, 2022
Nowadays, we use a credit or debit card for almost all purchases.
Whether buying groceries, gas, a new pair of shoes, or clothes, we use plastic cards.
Credit cards are an essential part of the modern lifestyle and can be a great way to build a credit history and save money.
From reward points to cashback, the best credit cards provide more benefits than others.
They allow us to accumulate points and rewards while taking advantage of their security features and flexible payment options.
For years, credit card companies have been focusing on the nitty-gritty features of their products.
They have been busy bringing in new features to make their cards more attractive to people.
Let us look at Kotak Zen - one of the best credit cards, and see how you can make the most of your credit card reward points.
What is the Kotak Zen Signature Credit Card?
The Kotak Zen Signature is one of the most demanded credit cards that combines rewards, travel, and milestone perks seamlessly. Therefore, every time you spend using the card is profitable.
What are the features and reward points of the Kotak Zen Credit Card?
The Kotak Zen credit card offers various benefits and reward points.
1. Zen points
2. Milestone program
Cardholders are eligible for additional Zen points every year if they meet the following spending requirements:
*If you qualify for the bonus Zen points, they are added to your card account after the completion of the anniversary period.
3. Welcome gift
You receive 1500 Zen points after paying Rs. 1,500 joining fees as a welcome gift. Free credit cards do not have access to this feature.
4. Travel benefits
Cardholders can receive eight complimentary airport lounge visits (two every quarter) within India.
5. Priority pass access
6. Fuel surcharge waiver
7. Railway surcharge waiver
What savings are possible with the Kotak Zen Credit Card?
Cardholders can annually save as listed here:
Who is eligible to get the Kotak Zen Signature Credit Card?
The following requirements must be fulfilled to apply for the Kotak Zen Credit Card:
- The person must be an Indian citizen.
- There must be a minimum age requirement of 21 and a maximum age of 65.
- The add-on cardholder needs to be above 18 years.
- You must have a minimum net annual income of Rs. 4.8 lakh.
Individuals need to be aware that even if they match the above criteria, Kotak Mahindra Bank will still consider their application based on factors such as their past payment history, credit history, amount of debt, etc.
Moreover, a few documents must be submitted with your application.
Fees of Zen Signature Credit Card
3.5% per month | 42% per annum
Late Payment Charges
➔ If the outstanding balance is 500 rupees or less, you will pay Rs. 100.
➔ If the outstanding balance is between Rs. 500 to Rs. 10,000, you will pay Rs. 500.
➔ You will pay Rs. 700 if the remaining balance is more than Rs. 10,000.
For more details, click here.
How can you apply for a Kotak Zen Signature Credit Card?
You can visit Kotak Mahindra Bank or submit an online application to get this card.
To apply online, the steps are as follows:
The bank will examine your submitted documents and verify the information you supplied after you have submitted them. After that, you will receive the card.
In addition, Kotak Mahindra Bank has introduced a quick method of payment. Fast, secure, and safe payment options are provided by Visa payWave.
Through that, you can pay for transactions up to Rs. 5,000 by waving your Kotak Zen Credit Card without a PIN.
Kotak Zen Signature credit cards are useful for individuals:
- Who like to spend money and engage in other transactions to earn credit card rewards points.
- Who frequently travel and desire free access to airport lounges could consider the card and
- Who are interested in receiving bonus incentives and welcome bonus points.
Numerous features and benefits are available on credit cards, which can be advantageous to the cardholder.
Credit cards can assist consumers in improving their financial status and credit scores when used wisely.
However, it is essential to understand the terms and conditions of credit cards before using them so that you do not get into debt.
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