Kotak Spendz Debit Card Rewards?

[Arpit Kumar Wadhwa]

The Spendz card offers 1% cashback on all payments. Does it include wallet load and credit card bill payment as well?

And on website it says there is no minimum transaction limit. But is the cashback rounded up or is fractional cashback also given?

 

[anonymuos]

Fractional cashback is given 2-3 weeks later.

 

[ashwink]

It's a prepaid card yeah you will receive cb for all of your transactions after a month.

 

[Arpit Kumar Wadhwa]

It's a prepaid card yeah you will receive cb for all of your transactions after a month.

Even for Credit Card Bill payment? Then HDFC Bill Pay is just overrated. Having a Savings acc in Kotak is better than HDFC

 

[ashwink]

Even for Credit Card Bill payment? Then HDFC Bill Pay is just overrated. Having a Savings acc in Kotak is better than HDFC

No it's not possible because it's a prepaid card if it was a debit card then it was🔥

 

[Arpit Kumar Wadhwa]

No it's not possible because it's a prepaid card if it was a debit card then it was🔥

Oh! You can't pay CC bill with prepaid card? And what about PayTM wallet loading? Is that also not possible?

 

[ashwink]

Oh! You can't pay CC bill with prepaid card? And what about PayTM wallet loading? Is that also not possible?

No we can't pay CC bill payments from prepaid cards.
Possible via paytm wallet but it's charges are more than reward 2.95%🤒

 

[bharathraj.pathi]

I can see cashbacks are initiated within 2 days of transaction, can anyone confirm whether they also received same?

 

[Bhargav]

Can some one please confirm the cashback is given on all spends

 

[anonymuos]

Cashback is given on all spends (at least for me was given on all spends) but sometimes very late - after 3 weeks. But we can transfer the Spendz amount back to our Kotak account so that's good. And since it's a prepaid card, couldn't find a way to pay any CC bill for example using Spendz.

 

[Strange]

Cashback is given on all spends (at least for me was given on all spends) but sometimes very late - after 3 weeks. But we can transfer the Spendz amount back to our Kotak account so that's good. And since it's a prepaid card, couldn't find a way to pay any CC bill for example using Spendz.

Did you get physical card, any charges for physical card?

 

[Strange]

Cashback is given on all spends (at least for me was given on all spends) but sometimes very late - after 3 weeks. But we can transfer the Spendz amount back to our Kotak account so that's good. And since it's a prepaid card, couldn't find a way to pay any CC bill for example using Spendz.

are you being charged for SMS alerts, as mentioned in this pdf?

https://www.kotak.com/content/dam/Kotak/gsfcfiles/gsfc-spendz-1apr22.pdf

 

[anonymuos]

Did you get physical card, any charges for physical card?

I got physical card when it was shown as free for limited time. Not sure if now they started charges. No SMS charges

 

[Iamshashikant]

Where to use for max use

 

[anonymuos]

Anywhere you spend big amounts using prepaid cards and where there's no other offer or cashback bigger than 1%. Usually merchant transactions allow prepaid cards. Credit card bill payment isn't possible with prepaid cards.

 

[ashwink]

Can we load using credit card?

No.

 

[ashwink]

netbanking we can load?

Yes only from primary account to spndz

Any debit card load option?

*No

 

[bhsiddharth]

Can we do upi payments using this account?
If yes then i can pay my credit card bills using upi?

 

[Strange]

Can we do upi payments using this account?
If yes then i can pay my credit card bills using upi?

They provide separate account number and upi id for your spendz card. You can try.

 

[ashwink]

Can we do upi payments using this account?
If yes then i can pay my credit card bills using upi?

Yeah but no rewards applicable