There are solely few bank cards in India that might provide the “Love at first sight” second and Kotak Zen Credit score Card is one such card with a stupendous, significant & fashionable design.
Sure, individuals take playing cards for rewards & advantages and never for design however this one just isn’t price lacking in case you’re a lover of artwork. Right here’s the entire assessment of the Kotak Financial institution Zen bank card.
Overview
| Sort | Premium Credit score Card |
| Reward Charge | 0.83% – 2.2% |
| Annual Price | 1,500 INR+GST |
| Finest for | Purchasing & card design |
| USP | Milestone advantages |
The Zen Credit score Card caters to a small section of Kotak prospects who wants a premium bank card at low price level however don’t have premium banking relationship with Kotak, as that can anyway get them Kotak Privy League (or) Kotak White card as complimentary.
Charges
| Becoming a member of Price | 1,500 INR+GST |
| Welcome Profit | 1,500 Zen factors (price 375 INR) |
| Renewal Price | 1,500 INR+GST |
| Renewal Profit | Nil |
| Renewal Price waiver | On spending >1.5 lakhs |
Whereas the world is giving an equal welcome profit for the becoming a member of price paid, I ponder why Kotak just isn’t prepared to do it on their premium bank cards.
Design
Undoubtedly a stupendous design to specific the Zen in you.
Whereas I’m probably not advanced sufficient to know why the rich purchase a chunk of artwork for such a excessive premium (assuming from the promos on artwork I obtain through Amex presents), I can very effectively persuade myself to spend only for this design.
That’s as a result of it not solely refers to infinity however far more, recognized solely to only a few who reached the best ranges of spirituality and to those that obtained to find out about them.
Rewards
Common Rewards
| SPEND TYPE | REWARDS / Rs.150 | REWARD RATE |
|---|---|---|
| Common Spends | 5 | 0.83% |
| Purchasing Spends | 10 | 1.66% |
- 1 Reward Level = 0.25 INR
- Purchasing Classes: Apparels, Way of life items, Departmental Shops & Jewelry.
Milestone Rewards
| Spend | Bonus Rewards | Worth | Financial savings |
|---|---|---|---|
| 3 Lakhs | 7,500 RP | 1,875 INR | 0.62% |
| 6 Lakhs | 15,000 RP | 3,750 INR | 0.62% |
- Solely one of many Milestones can be eligible.
- Bonus Zen factors can be credited to your card account on the finish of an anniversary interval.
Stress-free the above guidelines might have made this card a brilliant hit, however with 0.62% milestone reward charge it’s sadly solely an above-average product.
Airport Lounge Entry
| ACCESS TYPE | ACCESS VIA | ACCESS LIMIT |
|---|---|---|
| Home | Visa | 2/Qtr |
| Worldwide | Precedence Go | 3/12 months |
It’s fairly attention-grabbing that Kotak Financial institution has talked about Dreamfolks as a substitute of Visa for home lounge entry. Although, to not get confused right here, as you possibly can proceed to make use of the bank card straight for home lounge entry.
Different Advantages
All Kotak Credit score Playing cards comes with few different advantages like:
- Gas Surcharge Waiver: Relevant on transactions between 500 INR and 3000 INR. Most gas surcharge waiver is 3500 INR / calendar 12 months.
- Railway Surcharge Waiver: Most railway surcharge waiver allowed is 500 INR / calendar 12 months.
Getting the Card
Kotak’s department banking is poor in sourcing bank cards from my expertise. I used to be checking for this card again in time after I was making use of for the Privy league bank card, however nobody had the right information about its availability, so simply skipped it.
The Premium help too is dealt with by beginner executives more often than not however they may give the knowledge in case you’ve persistence to ask them the identical question repeatedly.
I lately checked with the help and so they mentioned that they’ll certainly take an improve request for Zen card, if required.
Bottomline
For those who’re a shopaholic, Kotak Zen Credit score Card would possibly definitely serve your goal with a good reward charge of two.2% on spending (purchasing) upto 6 Lakhs in a 12 months.
However the trouble of monitoring the right spend sort and fulfilment of rewards after an 12 months just isn’t one thing well worth the time only for 2.2% return. Nonetheless, that works for some however not for many.
So, in case you’re searching for premium playing cards on this vary that rewards for broader sort of spends, the listing of finest premium bank cards might provide help to select the precise ones.
However in case you want to stick with Kotak, then Kotak White Card & Kotak League Platinum Credit score Playing cards are among the finest.
Do you will have Kotak Zen Credit score Card? Be happy to share your ideas within the feedback beneath.
