By Divya Shokeen
Updated On October 16, 2021

Kotak Mahindra Bank has been serving its customers for a very long time. It started providing credit cards in 2008 to cater to the needs of its customers. There are certain eligibility requirements that are required while applying for a Kotak Bank credit card, read on to know more.

Kotak Mahibdra Bank credit card eligibility

Eligibility Criteria for Kotak MahindraBank credit cards

Following is the age and salary requirement followed by the Kotak Mahindra bank.

  • The age requirement differs from credit card to credit card.
  • Income requirement also differs from credit card to credit card.
  • The minimum age requirement for add-on members is 18 years.
  • The applicant must be a resident of India.

Documents required to apply for a Kotak MahindraBank Credit Card

While applying for a Kotak Mahindra Bank Credit Card keep the given below documents handy. Keep scanned copies or photocopies of the documents depending upon how you like to apply; online or by visiting the nearest branch.

Identity Proof
(any one)
Aadhaar Card, Driving Licence, Voter’s Id, Pan Card, Passport, or any other government-approved ID.
Address Proof
(any one)
Aadhaar Card, Passport, Utility Bills (not more than 3 months old), or any other government-approved ID.
Income Proof 
(any one)
Bank Statement or salary slip of last 3 months, last 2 years’ audited financial report,  etc.

Credit Cards offered by Kotak Mahindra Bank

Kotak Mahindra Bank provides you a wide range of credit cards, top credit cards with eligibility requirements are discussed below:

Credit Cards Age  Income/Salary
Kotak Mojo Platinum Credit Card  21-65 years for the primary cardholder
18 years for add-on cardholder
Minimum annual income of Rs. 4 lakhs p.a.
Kotak Royale Signature Credit Card 21-65 years for the primary cardholder
18 years for add-on cardholder
Minimum annual income of Rs. 24 lakhs p.a.
Kotak Privy League Signature Credit Card 21-65 years for the primary cardholder
18 years for add-on cardholder
The applicant must have a stable income.
Kotak League Platinum Credit Card 21-65 years for the primary cardholder
18 years for add-on cardholder
Minimum annual income of Rs. 5 lakhs p.a.
Kotak White Credit Card 21-65 years for the primary cardholder
18 years for add-on cardholder
Minimum annual income of Rs. 25 lakhs p.a.
Kotak 811 #DreamDifferent Credit Card 21-75 years for the primary cardholder
18 years for add-on cardholder
Issued against fixed deposit of Rs. 10,000.
Kotak Zen Signature Credit Card 21-65 years for the primary cardholder
18 years for add-on cardholder
Minimum annual income of Rs. 4.8 lakhs p.a.
Kotak Essentia Platinum Credit Card 21-65 years for the primary cardholder
18 years for add-on cardholder
The applicant must have a stable income.

Factors that affect your Kotak Mahindra bank credit card eligibility

  1. Multiple Applications: Do not send applications for multiple cards in one go. This can affect your eligibility criteria adversely. It can lead to hard inquires which raises the chances of rejection of credit card applications.
  2. Payment Default: Do not default in payment, if you have any outstandings it is advisable to clear all of them before applying for a credit card. So that your creditworthiness also improves and increases the chances of approval of your credit card application.
  3. Age: Kotak Bank follows standard age criteria for the primary cardholders and for add-on cardholders. Not meeting the minimum age criteria can get your application rejected.
  4. Income: Income requirements for Kotak Mahindra Bank credit cards differ from card to card. Having a stable income can increase the chances of getting your credit card application approved. The card issuer looks at whether the applicant has a stable source of income or not.
  5. Credit Score: Another important factor that affects eligibility criteria is the credit score. Having a bad credit score or no credit history at all reduces the chance of getting your application approved.
  6. Address: Kotak Mahindra credit card eligibility gets affected if you don’t belong to the credit card sourcing city. You must be a domicile of the city in which you are applying for a credit card because address verification will be easier. For instance, you are a permanent resident of Pune but you are applying for a Kotak Credit card in Delhi, then your application for the same will be rejected.

How to improve your Kotak Mahindra bank credit card eligibility

There are many ways through which you can improve your credit eligibility, a few of them are as follows:

  1. Increase Credit score: To improve your credit card eligibility start off with improving your credit score. If you have outstanding balances start clearing them first as it will help in improving your credit score. You can also build your credit score by taking secured or entry-level credit cards for the first time rather than going for the high-end credit cards at the beginning of your credit journey.
  2. Paying bills on time: Pay all your credit card dues on time or maybe earlier also as per your convenience as it will have a positive impact on the eligibility criteria. Do not delay in paying bills as it also lowers down your credit score.
  3. Reducing debt-to-income ratio: The eligibility criteria are also affected by the low level of income and high balance of the debt. To improve the eligibility it is advisable to meet the minimum requirement and have a stable income so that the debt-to-income ratio is maintained.
  4. Avoid multiple applications: You can improve the eligibility criteria by sending applications for one credit card at a time. It reduces the chances of hard inquires thereby raises the chances of you getting a credit card.

FAQs:

You’re required to wait at least 3 months before applying for a credit card again.

To improve your credit score you are required to clear all your debts and avoid making any defaults in the credit card bill payments.

Yes, you can get your credit card blocked by contacting customer care services.