There are solely few bank cards in India that will provide the “Love at first sight” second and Kotak Zen Credit score Card is one such card with a good looking, significant & fashionable design.
Sure, individuals take playing cards for rewards & advantages and never for design however this one will not be price lacking in case you’re a lover of artwork. Right here’s the whole overview of the Kotak Financial institution Zen bank card.
Overview
| Kind | Premium Credit score Card |
| Reward Price | 0.83% – 2.2% |
| Annual Payment | 1,500 INR+GST |
| Greatest for | Buying & card design |
| USP | Milestone advantages |
The Zen Credit score Card caters to a small phase of Kotak prospects who wants a premium bank card at low payment level however don’t have premium banking relationship with Kotak, as that may anyway get them Kotak Privy League (or) Kotak White card as complimentary.
Charges
| Becoming a member of Payment | 1,500 INR+GST |
| Welcome Profit | 1,500 Zen factors (price 375 INR) |
| Renewal Payment | 1,500 INR+GST |
| Renewal Profit | Nil |
| Renewal Payment waiver | On spending >1.5 lakhs |
Whereas the world is giving an equal welcome profit for the becoming a member of payment paid, I’m wondering why Kotak will not be keen to do it on their premium bank cards.
Design
Undoubtedly a good looking design to precise the Zen in you.
Whereas I’m probably not advanced sufficient to know why the rich purchase a bit of artwork for such a excessive premium (assuming from the promos on artwork I obtain through Amex affords), I can very nicely persuade myself to spend only for this design.
That’s as a result of it not solely refers to infinity however way more, identified solely to only a few who reached the very best ranges of spirituality and to those that bought to find out about them.
Rewards
Common Rewards
| SPEND TYPE | REWARDS / Rs.150 | REWARD RATE |
|---|---|---|
| Common Spends | 5 | 0.83% |
| Buying Spends | 10 | 1.66% |
- 1 Reward Level = 0.25 INR
- Buying 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 shall be eligible.
- Bonus Zen factors shall be credited to your card account on the finish of an anniversary interval.
Enjoyable the above guidelines might have made this card an excellent 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 Move | 3/12 months |
It’s fairly fascinating that Kotak Financial institution has talked about Dreamfolks as an alternative of Visa for home lounge entry. Although, to not get confused right here, as you may proceed to make use of the bank card immediately 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 correct information about its availability, so simply skipped it.
The Premium assist too is dealt with by beginner executives more often than not however they can provide the knowledge in case you’ve persistence to ask them the identical question repeatedly.
I not too long ago checked with the assist and so they stated that they will certainly take an improve request for Zen card, if required.
Bottomline
When you’re a shopaholic, Kotak Zen Credit score Card would possibly definitely serve your goal with an honest reward charge of two.2% on spending (purchasing) upto 6 Lakhs in a 12 months.
However the trouble of monitoring the correct spend sort and fulfilment of rewards after an 12 months will not be one thing definitely worth the time only for 2.2% return. Nonetheless, that works for some however not for many.
So, in case you’re in search of premium playing cards on this vary that rewards for broader sort of spends, the checklist of greatest premium bank cards might make it easier to select the best ones.
However in case you want to persist with Kotak, then Kotak White Card & Kotak League Platinum Credit score Playing cards are among the greatest.
Do you’ve got Kotak Zen Credit score Card? Be happy to share your ideas within the feedback beneath.
