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Kotak launch Virtual only Lifetime free UPI RuPay Credit Card

Abhishek012

TF Pioneer

Kotak launch Virtual only Lifetime free UPI RuPay Credit Card:​

kotak virtual.jpg

Features -

Credit meets Convenience with Kotak UPI RuPay Credit Card. Link your card on UPI Apps & make payments instantly​

Reward Benefit​

Earn 3 Reward Points* per ₹100 spent

Credit Card on UPI​

Enjoy facility of making UPI Payment with your credit card.

Virtual Credit Card​

Go wallet free by making instant payments with your credit card.

Lifetime Free Card​

No Joining & Annual Fees for life time.

UPI payment on Credit Card:

  • Enjoy a seamless experience of making UPI Transactions with your Kotak UPI RuPay Virtual Credit Card on your preferred UPI Apps
  • For more information regarding how to make UPI Payments with your RuPay Credit Card, Click Here

Earn Reward Points

  • Earn 3 Reward Points* against every ₹ 100 spent.
  • No capping limit per statement cycle on earning Reward Points
  • Reward Points will be accrued for both UPI as well as Regular# Credit Card Transactions
  • Every 1,000 Reward Points will be equivalent to ₹ 100
  • Minimum 1000 Reward Points will be required for redemption

Life Time Free Card

*Reward Points will not be accrued for transaction categories such as: Rent, Fuel, Railway, Wallet Loading, EMI, Education & Balance Transfer

#Regular Credit Card Transactions include Online/E-Commerce and International Transactions made virtually

Eligibility Criteria​

  • Customer should be an existing Kotak Credit Card holder
  • Customer should be in age bracket of 18-65 Years
  • Customer should be a resident of India

Link your Virtual Credit Card on UPI Payment Apps​

  • Unfold UPI Magic with Kotak UPI RuPay Virtual Credit Card. Link your card on UPI Apps & set UPI Pin for making UPI Transactions
  • For more information on how to link your RuPay Credit Card on UPI Apps, Click Here

Manage your virtual Credit Card on Kotak Mobile Banking App​

  • Kotak UPI RuPay Credit Card will be issued as virtual only card and no physical card will be issued. For your convenience, the card details will be auto-registered in Kotak Mobile Banking App under Credit Card section. To view card details, follow the below steps:
    • Login into Kotak Mobile Banking App
    • Go to “Credit Card” Section
    • Go to “Card Overview” Section
To enable E-Com/Online & International Transactions & manage card usage settings, please click on “Card Control” Tab under “Card Overview” Section in Kotak Mobile Banking App.

fytfy.jpg

Fees & Charges:

Fee & Other ParametersKotak UPI RuPay Credit Card
Joining FeesNil
Annual FeesNil
Add on Card Benefit (Virtual Card)Not Applicable
Interest Charges on outstanding Balances3.5% (Annualized Rate - 42%)
Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)MAD can be 5% or 10% of TAD as decided by the Bank
Late Payment Charges ("LPC")Due as per last statementLPC Charges
<₹ 100₹ 0.0
₹ 100 – ₹ 500₹ 100
₹ 501 – ₹ 5,000₹ 500
₹ 5,001 – ₹ 10,000₹ 600
₹ 10,001 – ₹ 25,000₹ 800
₹ 25,001 – ₹ 50,000₹ 1000
>₹ 50,000₹ 1200
Over Limit Charge₹ 500
Cheque Bounce ChargesHigher of (2% of bounce amount or ₹ 500)
Auto Debit Return ChargesHigher of (2% of bounce amount or ₹ 450)
Foreign Currency Mark Up3.5% per transaction + GST
Railway Booking Surcharge WaiverNot Applicable
Fuel Surcharge WaiverNot Applicable
Fee for Cash payment at Bank₹ 100
Reissue/ Replacement Card (per Card)Nil (As it is a virtual card)

Note: GST/Applicable taxes, would be charged as per the rates approved in the Finance Act each year on all interest & fees and other charges levied on your Credit Card.

Special thanks to @Tejo for sharing the details.
 
Just applied now, and it used to not apply to my second card at the Kotak bank website. I got an email my credit application is on hold, will receive a consent link via SMS for accepting after it is sub on an approval basis. But received any such SMS till now 🙁
If your first variant is non rupay card, then AI will instantly give approval for the card.

Even card not processed then (or need second card) just apply from RM or Branch agents.
L
 
If your first variant is non rupay card, then AI will instantly give approval for the card.

Even card not processed then (or need second card) just apply from RM or Branch agents.
L
Yes I already have nonrupay variant credit card but I still got an email my credit application is on hold, will receive a consent link via SMS for accepting after it is sub on an approval basis
 
Apply 2nd Kotak league RuPay CC na, from Kotak website and choose League RuPay option.
I applied for rupay league CC but no tracking information yet for my application, I checked with Cust care they are also telling once tracking details show something only they can update it, I told them why I need to call you guys if tracking details started showing to me itself. Pathetic customer care service by Kotak bank
 
I applied for rupay league CC but no tracking information yet for my application, I checked with Cust care they are also telling once tracking details show something only they can update it, I told them why I need to call you guys if tracking details started showing to me itself. Pathetic customer care service by Kotak bank
same problem as me, I got the application number and form number but with both the details unable to track the card application.
Kotak is always dumb and slow
 
I applied for rupay league CC but no tracking information yet for my application, I checked with Cust care they are also telling once tracking details show something only they can update it, I told them why I need to call you guys if tracking details started showing to me itself. Pathetic customer care service by Kotak bank
Same happened with me. I raised complaint through email and card was generated after a week. It's my third kotak card.
 

Kotak launch Virtual only Lifetime free UPI RuPay Credit Card:​

View attachment 29913

Features -

Credit meets Convenience with Kotak UPI RuPay Credit Card. Link your card on UPI Apps & make payments instantly​

Reward Benefit​

Earn 3 Reward Points* per ₹100 spent

Credit Card on UPI​

Enjoy facility of making UPI Payment with your credit card.

Virtual Credit Card​

Go wallet free by making instant payments with your credit card.

Lifetime Free Card​

No Joining & Annual Fees for life time.

UPI payment on Credit Card:

  • Enjoy a seamless experience of making UPI Transactions with your Kotak UPI RuPay Virtual Credit Card on your preferred UPI Apps
  • For more information regarding how to make UPI Payments with your RuPay Credit Card, Click Here

Earn Reward Points

  • Earn 3 Reward Points* against every ₹ 100 spent.
  • No capping limit per statement cycle on earning Reward Points
  • Reward Points will be accrued for both UPI as well as Regular# Credit Card Transactions
  • Every 1,000 Reward Points will be equivalent to ₹ 100
  • Minimum 1000 Reward Points will be required for redemption

Life Time Free Card

*Reward Points will not be accrued for transaction categories such as: Rent, Fuel, Railway, Wallet Loading, EMI, Education & Balance Transfer

#Regular Credit Card Transactions include Online/E-Commerce and International Transactions made virtually

Eligibility Criteria​

  • Customer should be an existing Kotak Credit Card holder
  • Customer should be in age bracket of 18-65 Years
  • Customer should be a resident of India

Link your Virtual Credit Card on UPI Payment Apps​

  • Unfold UPI Magic with Kotak UPI RuPay Virtual Credit Card. Link your card on UPI Apps & set UPI Pin for making UPI Transactions
  • For more information on how to link your RuPay Credit Card on UPI Apps, Click Here

Manage your virtual Credit Card on Kotak Mobile Banking App​

  • Kotak UPI RuPay Credit Card will be issued as virtual only card and no physical card will be issued. For your convenience, the card details will be auto-registered in Kotak Mobile Banking App under Credit Card section. To view card details, follow the below steps:
    • Login into Kotak Mobile Banking App
    • Go to “Credit Card” Section
    • Go to “Card Overview” Section
To enable E-Com/Online & International Transactions & manage card usage settings, please click on “Card Control” Tab under “Card Overview” Section in Kotak Mobile Banking App.

View attachment 29914

Fees & Charges:

Fee & Other ParametersKotak UPI RuPay Credit Card
Joining FeesNil
Annual FeesNil
Add on Card Benefit (Virtual Card)Not Applicable
Interest Charges on outstanding Balances3.5% (Annualized Rate - 42%)
Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)MAD can be 5% or 10% of TAD as decided by the Bank
Late Payment Charges ("LPC")Due as per last statementLPC Charges
<₹ 100₹ 0.0
₹ 100 – ₹ 500₹ 100
₹ 501 – ₹ 5,000₹ 500
₹ 5,001 – ₹ 10,000₹ 600
₹ 10,001 – ₹ 25,000₹ 800
₹ 25,001 – ₹ 50,000₹ 1000
>₹ 50,000₹ 1200
Over Limit Charge₹ 500
Cheque Bounce ChargesHigher of (2% of bounce amount or ₹ 500)
Auto Debit Return ChargesHigher of (2% of bounce amount or ₹ 450)
Foreign Currency Mark Up3.5% per transaction + GST
Railway Booking Surcharge WaiverNot Applicable
Fuel Surcharge WaiverNot Applicable
Fee for Cash payment at Bank₹ 100
Reissue/ Replacement Card (per Card)Nil (As it is a virtual card)

Note: GST/Applicable taxes, would be charged as per the rates approved in the Finance Act each year on all interest & fees and other charges levied on your Credit Card.

Special thanks to @Tejo for sharing the details.
How to get it. I am already holding kotak 811 credit card
 
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