SELECT `id` FROM `tbl_card` WHERE `title` = 'Kotak Mahindra Essentia Platinum Credit Card' AND `card_type` = 'Credit Cards' Kotak Mahindra Essentia Platinum Credit Card - Benefits, Rewards, Eligibility

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KOTAK MAHINDRA ESSENTIA PLATINUM CREDIT CARD 

Kotak Mahindra Bank is one the most trusted banks for home loans. It is an Indian private sector bank and its headquarters at Mumbai. Kotak Mahindra Bank offers banking and financial services for corporate and retail customers.There are so many banks and non-banking financial companies in India that provide various financial products to the customers. These can be banking, insurance, loans or credit cards. Kotak Mahindra Finance Ltd. was established in 1985. The same got converted into a bank- Kotak Mahindra Bank Ltd. in March 2003. Kotak Mahindra Bank has presence in commercial vehicles, Retail finance, Corporate Banking, Treasury and Housing Finance.

The Kotak Essentia Platinum Credit Card offers great rewards to its users. Users earn Savings Points on departmental and grocery spends. Customers earn 10 saving points per Rs.100 spent at grocery and departmental store expenditure. 1 saving point is earned for every Rs.250 spent on other categories.

Kotak Mahindra Essentia Platinum Credit Card Features

1. 10% savings on department and grocery store spends of  Rs.1,500+

2. Milestone benefit = Spend Rs.1,25,000 every 6 months & get 6 free PVR tickets or 1,200 reward points

3. Redeem savings points for cash or more

4. Department & grocery stores Rs.100 = 10 points

5. This card is best for those who prefer using their credit card for their daily departmental store and grocery spends.

6. Earn 2 BookMyShow vouchers on its 1st swipe within 60 days of the swipe.

7. You earn 1 Saving Point for every Rs.250 spent on other categories (non-departmental & non-grocery).

Kotak Mahindra Essentia Platinum Credit Card Benefits  

Reward type

Shopping

Daily Shopping benefits 

For transactions valued between Rs.1,500 and Rs.4,000, you earn 10 Saving Points for every Rs.100 spent at grocery and departmental stores and the value of each point is Re.1.

The maximum points that can be earned in a month are 500.

Extra savings

You earn 1 Saving Point for every Rs.250 spent on other categories (non-departmental & non-grocery).

Reward Points

Department & grocery stores= Rs.100 = 10 points

Others = Rs.250 = 1 point

1 point = Re. 1

Attraction Redemption Choices

The accumulated savings points can be easily redeemed online for cash, airline tickets, air miles, movie tickets, mobile recharge, and branded merchandise.

For redeeming the points for airline tickets, merchandise, and mobile recharge, the reward points must be converted into Easy Points and 1 Saving Point = 2 Easy Points.

Priority Service 

Get access to priority customer service with KASSIST. Just send an SMS KASSIST to 5676788 from the registered mobile number and get a call from the bank within 30 mins for assistance.

Add on cards

Add on cards have the same benefits and features as the primary card. You can set individual limits on each card and track spends on them.

Contactless facility

The Visa payWave feature in the card allows you to pay for transactions of up to Rs.2000 using the contactless facility without entering your card PIN. It makes it a safer, secured, and faster mode of payment.

Milestone benefits 

On spending Rs.1.25 lakh in 6 months with the card, you earn 1200 Reward Points or 6 complimentary PVR tickets.

For redeeming these points, you can opt for a maximum of 12 complimentary PVR tickets every year.

You can also opt to adjust the points with your next billing cycle statement or even choose one from air tickets, air miles, mobile recharge, movie tickets, and branded merchandise.

Kotak Mahindra Essentia Platinum Credit Card Fee and charges

To apply for a essentia platinum credit card, you have to pay fees and charges applied by the Kotak Mahindra Bank. It covers all charges and fees made by a bank to their customers.The following charges are taken from Kotak Mahindra Bank i.e joining fee, annual fee, interest rate, late payments charges etc.

TYPE

CHARGES

Joining fee

Rs.1,499

Annual fee

Rs.749

Interest charges on outstanding balances

3.50% per month

Cash withdrawal fee per Rs.10,000 or part thereof

Rs.300

Late payment charges

If the outstanding amount is

Equal to or less than Rs.500 - Rs.100

Between Rs.500.01 to Rs.10,000 - Rs.500

Greater than Rs.10,000 - Rs.700

Over limit fee

Rs.500

Call a draft or funds transfer fee

Rs.300 for every Rs.10,000 withdrawn/transaction

Add on card charges

Rs.299 per card

Furnishing a copy of CIBIL

Rs.50

Fee for cash payment at a branch of the bank

Rs.100

Reissue or replacement of the card

Rs.100 (per issuance)

Kotak Mahindra Essentia Platinum Credit Card Eligibility Criteria

Before applying for a Essentia Platinum credit card from Kotak Mahindra Bank, you should fulfil all basic eligibility criteria as prescribed by the bank. You will get your credit card very soon if you meet all the required eligibility criteria once the documentation is done.

1. You fall in the age bracket of 21 to 65 years. Also, add-on cardholders should be at least 18 years of age.

2. At present, the card is available in the following locations only - Ahmedabad, Chandigarh Bangalore, Chennai, Delhi (including Noida and Gurgaon), Hyderabad, Mumbai, Kolkata, Navi Mumbai, and Pune

3. You should be an Indian resident.

Kotak Mahindra Essentia Platinum Credit Card Documents Required

Any applicant who is applying for a Essentia Platinum credit card from Kotak Mahindra Bank  must have to submit the following documents. These documents are the requirements for the lenders who are providing you the credit card.

1. KYC Documents = PAN, address proof and ID proof

2. Coloured photograph

3. Income Proof = Last 3 month salary slip

4. Last 3 months bank statement 

5. ITR or Form 16

Kotak Mahindra Bank Credit Card Login 

Cardholders of Kotak Mahindra Bank Credit Card can log in to their credit card account through following steps :

1. Login to www.kotak.com

2. Click on the “Net Banking” option

3. Enter CRN in User ID

4. Enter password or click on "Get Net Banking Password Online"

5. Click on the Credit Card Tab

6. Click on Service Requests

7. Choose “Register for eStatement”

Kotak Mahindra Bank other products

1. Kotak Mahindra Bank Car Loan

2. Kotak Mahindra Bank Home Loan 

3. Kotak Mahindra Bank Education Loan 

4. Kotak Mahindra Bank Gold Loan

How to apply for Kotak Mahindra Essentia Platinum Credit Card

There are two reason to apply for Kotak Mahindra Essentia Platinum Credit Card :

1. Offline Method : By visiting the nearest branch of Kotak Mahindra Bank

2. Online Method 

  • Go to kotak.com and click on Explore Products > Cards > Credit Cards. A page listing all the credit cards will appear

  • Scroll down to ‘Essentia Platinum Credit Card’ and click on ‘Apply Now’

  • An application form will appear where you have to fill personal details including the PAN Card Number and monthly income. Once you have filled the details, click on ‘Submit’ 

  • Verify your mobile number by entering the 6-digit OTP sent to your phone

  • After the verification, a representative from the bank will call you and guide you through the remaining process

Kotak Mahindra Essentia Platinum Credit Card Customer Care

Contact number : 18602662666 / 18602660811

Email id : itsecurity.bank@kotak.com

Kotak Mahindra Bank Credit Card Payment Online 

Credit cards have become a very useful tool for people to complete their daily transactions like paying utility bills, paying mobile bills, buying groceries etc. Gone are the days when credit cards were only used for buying airline tickets or similar large transactions. 

1. Login to Kotak Net Banking

2. Select ‘Credit Card’ option from the Home Page

3. Select ‘Payments”

4. Click on ‘Make Payment’ Option

Bank offered Financials products

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

Kotak Mahindra Essentia Platinum Credit Card Frequently Asked Questions 

1. What is a Kotak Mahindra Essentia Platinum Credit Card?

The Kotak Essentia Platinum Credit Card offers great rewards to its users. Users earn Savings Points on departmental and grocery spends. Customers earn 10 saving points per Rs.100 spent at grocery and departmental store expenditure. 1 saving point is earned for every Rs.250 spent on other categories.

2. What is the annual fee of a Kotak Mahindra Essentia Platinum Credit Card?

The annual fee is Rs.749 of a Kotak Mahindra Essentia Platinum Credit Card.

3. What is the minimum and maximum age the applicant is required to get a Kotak Mahindra Essentia Platinum Credit Card?

The minimum age of the applicant is 21 years and maximum age is 65 years to get a  Kotak Mahindra Essentia Platinum Credit Card.

4. What are the rewards points given in a Kotak Mahindra Essentia Platinum Credit Card?

The rewards points are given in a Kotak Mahindra Essentia Platinum Credit Card are :

  • Department & grocery stores:  Rs.100 = 10 points

  • Others:  Rs.250 = 1 point

  • 1 point = Re. 1

5. How can I apply for a Kotak Mahindra Essentia Platinum Credit Card?

You can apply for a Kotak Mahindra Essentia Platinum Credit Card online and offline by visiting the nearest bank branch.

6. How do I contact customer care for a Kotak Mahindra Essentia Platinum Credit Card?

You can contact through customer care toll free number and also through e-mail id for a Kotak Mahindra Essentia Platinum Credit Card.

7. What type of rewards are included in the Kotak Mahindra Essentia Platinum Credit Card?

Shopping rewards are included in the Kotak Mahindra Essentia Platinum Credit Card.

8. How much interest rate is provided by a Kotak Mahindra Essentia Platinum Credit Card?

The interest rate is 3.50% per month provided by a Kotak Mahindra Essentia Platinum Credit Card.

9. What are the minimum and maximum late payment charges of Kotak Mahindra Essentia Platinum Credit Card?

The minimum late payment charges is 100 and maximum charges are 700 of Kotak Mahindra Essentia Platinum Credit Card.

10. What is the joining fee of a Kotak Mahindra Essentia Platinum Credit Card?

The joining fee of Kotak Mahindra Essentia Platinum Credit Card is Rs.1499.

Last Updated on : 02/Oct/2020

Know More About CREDIT CARDS

Kotak Mahindra Essentia Platinum Credit Card

You're eligible for a Kotak Mahindra Essentia Platinum Credit Card if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Credit Cards is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account