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Kotak Bank "811 Super Savings Account" Benefits - Important Update 🚨 🚨
- Thread starter dhiraz
- Start date
- Replies 5K
- Views 283K
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CarbonLogic
TF Select
Your account is the same as regular account with additional benefits of getting Metal Debit card and some offers on it.
You get only metal DC not the regular DC that others get.
shashankverma
TF Premier
What is the billing cycle of kotak for cashback consideration?
Is it whole month or something around 20th?
Is it whole month or something around 20th?
1 to 30th. Full month
Which vouchers and payment gateway you used?
6ix9ine
TF Prestige
Doesn't matter, both mccs are not in exclusions.
safetorpedo2
TF Buzz
Any chance you have the otp merchant name for maximize? Just for confirmation
6ix9ine
TF Prestige
One is raz*maximize and another one is maximizemo
Do you want to know payment gateway and mcc too?
Anirudh Patel
TF Buzz
Any reason why kotak spared maximize
6ix9ine
TF Prestige
People need to understand why kotak is blocking the MCCs. They are not blocking it, just because you are massively using it.Any reason why kotak spared maximize
They are blocking it because merchants are not using correct MCCs for their businesses. For example, canara setu had 5311 mcc which is a grocery store, but people were paying credit card bills.
Similarly, other platforms.
So, kotak gets to know that people are using this for grocery but in reality it's for CC bills. We were exploiting it, that's why they blacklisted it and later, they got them changed.
Maximize is a gift card website and they are tagging general merchandise & gift card mcc so now you answer why would they block it? It's all genuine.
If you are using it for fuel, and your local petrol station is using fuel mcc, then why would they block?
Hope you understand now, they didn't spare this. It's all logical.
We will get to know in 2-3 months, whether lotak is thinking on same line or not.
6ix9ine
TF Prestige
This is valid for every transaction done on any bank. Nobody knows what's gonna happen tomorrow, forget 2-3 months. The above answer is based on what Kotak has been been doing from past 11 months.
6ix9ine
TF Prestige
It should, but I can't say for surcharge, platic works fine, don't know if there is any surcharge for metal as metal DC has some extra benefits, it is not the same as plastic. (I don't have metal)
If you are thinking of inserting then it may or may not work as metal is kinda thick, try it out yourself in nearest ATM first.
Accha merchant hai 👍
but to get 500 need to spend 10k tho.
6ix9ine
TF Prestige
That doesn't work anymore, didn't you read the posts above?
sorry , i did not. On the app it still says 5 percent cb tho, did I miss something ?
6ix9ine
TF Prestige
It gives 5%, but there are certain restrictions.
In this case, It doesn't give cashback on utility bills anymore. Hence, your 10k spent will be waste.
Read the terms and conditions mentioned on the first page, you can find all the restrictions and excluded MCCs.
Lordkk
TF Premier
I just tried this with 1000 cc bill payment. I can confirm the cashback is showing in the cashback tracker. Lets see if they credit it next month.
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