By Gunjan Bharara
Updated On July 20, 2022

Issued by Kotak Mahindra Bank, Kotak Urbane Gold Credit Card is well designed to suit the needs of frequent shoppers as it offers rewards for all the purchases made. The card comes with a very nominal fee of Rs. 199 and provides amazing benefits in comparison to the fee it charges. This card lets you earn 3x reward points for every Rs. 100 spent on all retail spends. Additionally with this card you can get upto 4 PVR tickets or 10,000 rewards points upon spending Rs. 1 Lakh or more in a year. These movie tickets can be claimed any time, anywhere. And the reward points can be redeemed against Airtickets, Movie Tickets, Mobile Recharge etc. Along with these benefits, this card provides you with a credit shield of Rs. 50,000 in case of loss of the card. Keep reading the article below to know more about Kotak Urbane Gold Credit Card –

(4.5/5)

Best Suited For

Shopping |

Joining Fee

Nil

Reward Type

Reward Points |

Product Details

  • 3x Reward Points on every Rs. 100 spent
  • Either 4 PVR Tickets or 10,000 Reward Points as Milestone benefit
  • Insurance coverage against the lost card
  • Get add-on card and enjoy added benefits

Rewards and Benefits

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

Earn 3x Reward Points on every Rs. 100 spent on all retail transactions

Reward Redemption

Redeem these points against various categories like Mobile Recharge, Movie Tickets etc. Rewards Points can used to pay your shopping bills through PayByPoints Program

Travel

NA

Golf

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Insurance Benefits

You are provided with insurance cover for lost/stolen card

Zero Liability Protection

Zero Liability Protection is provided against lost/stolen credit cards upon reporting to the customer care of the bank.

Fees & Charges

Joining Fee

Nil

Renewal Fee

Rs. 199 (plus applicable taxes)

Spend based Waiver

On a minimum retail spend of Rs. 15,000 in previous year, annual fee of Rs. 199 of Kotak Urbane Gold Credit Card  will be waived off

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5% on all international transactions

Interest Rates

3.5% per month (or 42% annually)

Fuel Surcharge

NA

Cash Advance Charge

Rs. 300 is charged for every Rs. 10,000 withdrawn

Add-on Card Fee

Nil

Kotak Urbane Gold Credit Card – Features and Benefits

The Kotak Urbane Gold Credit Card is specially designed for people who love shopping. This card provides amazing rewards on all the retails spends. Also, it provides you with the feature of an add-on card and this card will have all the features that the primary card holds. The reward points can be redeemed against various categories like product purchases, e-vouchers for various brands, etc. Following are the detailed features of the Kotak Urbane Gold Credit Card: –

Reward Benefits

  •  On using Kotak Urbane Gold Credit Card, you are entitled to receive 3x Reward Points on every Rs. 100 spent on all retail spendings.

Reward Redemption

The reward points can be redeemed in multiple ways –

  • You can redeem the rewards for Mobile Recharges, Air Tickets, Movie Tickets through BookMyShow or PVR, shopping vouchers, etc.
  • Rewards points can be used to shop at selected merchant stores through PayByPoints Program
  • The reward points earned can be redeemed for cash wherein 1000 Reward Points = Rs. 100. Also, you need to have at least 1000 Reward Points accumulated to initiate redemption in cash.

Milestone Benefits

With Kotak Urbane Gold Credit Card, upon reaching the spending limit of Rs. 1,00,000 ; you have the option to avail any 1 of the following milestone benefits :

  • Free PVR Tickets – 4
  • Bonus Reward Points – 10,000

If you opt for PVR Tickets, you can use them for any day, any show and can even transfer them. These can be redeemed against movie tickets booked through www.pvrcinemas.com. These can be claimed within 3 months of the expiry of the program period. Further, the tickets have to be priced under Rs. 400. If you book a ticket that costs you more than Rs. 400, you will have to pay the amount over and above Rs. 400.

If you opt for Rewards Points, they will be credited in your account in the next billing cycle and can be redeemed against AirTickets, Movie Tickets, Mobile Recharge or Branded Merchandise. The reward points can be claimed within 3 months of the expiry of the program period.

Spend based Waiver

Annual fee of Rs. 199 will be waived off upon spending Rs. 15,000 in the previous year.

Credit Shield

If your card gets stolen, you get a credit shield of Rs. 50,000 against all the fraudulent transactions upto 7 days prior to reporting about the loss to the bank.

 Other Benefits

You can get an add-on card issued on your Kotak Urbane Gold Credit Card and the family members will get the privilege to enjoy all the benefits on the add-on card in the same way as in the primary card.

Kotak Urbane Gold Credit Card: Fees and Charges

  • The joining fee for the Kotak Urbane Gold Credit Card is NIL.
  • Rs. 199 is the annual fee which can be waived off if Rs. 15,000 or more is spent through this card in the previous year.
  • Kotak Urbane Gold Credit Card offers Foreign Currency markup fee of 3.5%
  • 3.50% per month is the interest rate that is charged on this card. This comes out to be 42% annually
  • The cash advance charges on this card are Rs. 300 per Rs. 10,000

Eligibility Criteria for Kotak Urbane Gold Credit Card

  • Only Indian residents can apply for this card.
  • The income of the primary holder should be Rs. 3 Lakhs or more.
  • Age of the primary card holder should be between 21 years to 65 years and that of the add-on card holder should be 18 years and above.
  • This card is applicable only in a few locations as of now. The locations include – Ahmedabad, Bangalore, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai & Pune

 How to Apply for Kotak Urbane Gold Credit Card

You can apply for this card through both – online and offline mode.
For online mode –

  • Visit the official website of Kotak Mahindra Bank
  • Click on ‘Explore Products’
  • Go to ‘Cards’ and then select ‘Credit Cards’
  • Choose ‘Kotak Urbane Gold Credit Card’ and then click on apply now
  • You need to fill in all the required details and submit the documents required.

For offline mode –
You can visit the nearest Kotak  Mahindra Bank branch and fill in the credit card application form. Attach all the required documents. Submit it to the bank officials, who will then forward it to the credit card department for further processing.

Conclusion

The Kotak Urbane Gold Credit Card is a unique credit card that offers several benefits on shopping, dining, and grocery purchases. With no joining fee and a nominal annual fee of Rs. 199, getting 3x reward points on spends of Rs. 100 is a great deal. It has got various discount offers, movie vouchers, and a good product catalog to choose from to redeem the reward points. Another card that is very much comparable to this card is the PVR Kotak Gold Credit Card which is exclusively for movie lovers. Also, PayByPoints is a great feature of the Urbane Gold Card wherein you can shop at the selected merchants using the reward points you have earned. It is a good option for the new entrants in the world of credit cards, who would love to shop and earn amazing rewards.

FAQs:

You are charged an annual fee of Rs. 199 plus applicable taxes.

You will have to pay the renewal fee of Rs.199 + applicable taxes but it can be waived off if you spend Rs. 15,000 or more through this card in the previous year.

You will get 3x reward points for every Rs. 100 spent on all retails spendings.

Yes, the Kotak Urbane Gold Credit Card provides an insurance cover worth Rs. 50,000 against a lost/stolen card.

No, the Kotak Urbane Gold Credit Card does not provide a fuel surcharge waiver.

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