Kotak Myntra Card, Annual charge billed just after 3 months of card issuance

[FinITech]

Kotak has billed the annual fee of 500/- and gst of 90/- just after 3 months of Kotak myntra credit card issuance. I received the card in the month of July and annual charge is billed in the month of OCT. if anyone has faced the same issue ?

 

[D₹V]

Kotak has billed the annual fee of 500/- and gst of 90/- just after 3 months of Kotak myntra credit card issuance. I received the card in the month of July and annual charge is billed in the month of OCT. if anyone has faced the same issue ?

Nothing to worry, happens in many cards/banks.

They do charge fees after 90 days.

 

[D₹V]

I would like to give you a Pro tip here:

Call customer & ask to close the card as you don't want to pay annual fees.

They'll offer you to make it lifetime free & fee reversal.

If they don't give you offer, you can ask for it yourself.

See how it goes, GL.

 

[John Since]

I would like to give you a Pro tip here:

Call customer & ask to close the card as you don't want to pay annual fees.

They'll offer you to make it lifetime free & fee reversal.

If they don't give you offer, you can ask for it yourself.

See how it goes, GL.

Works with sbi but not kotak.
Kotak offers to upgrade or downgrade to some other cards which are given LTF like zen

 

[D₹V]

Works with sbi but not kotak.
Kotak offers to upgrade or downgrade to some other cards which are given LTF like zen

But on closure request they offer to make it LTF.

 

[John Since]

But on closure request they offer to make it LTF.

Not cobranded cards.

 

[Deleted member 11974]

no harm in trying

 

[John Since]

no harm in trying

Yeah if converted then amazing. I will also get mine converted using that process.

 

[creditlover]

Kotak has billed the annual fee of 500/- and gst of 90/- just after 3 months of Kotak myntra credit card issuance. I received the card in the month of July and annual charge is billed in the month of OCT. if anyone has faced the same issue ?

Probably you have not read the terms and conditions. The joining fees on Kotak cards are charged within 90 days of card issuance. Annual fees will again be charged after 9 months.

 

[leonneel]

That's joining fee wo..not annual fee.

My mojo cards joining fee also charged after 3 months but reversed without the gst (spent 30k in 3 months for joining fee reversal )