Together with the National Payments Corporation of India (NPCI), Kotak Mahindra Bank launched Kotak Veer Platinum Credit Card, a card specially designed for the ‘Veer Jawaans’ of our country. It is a special card to give back something, to those who give their everything. The Kotak Veer Platinum Credit Card enables our brave soldiers to manage their daily spends while earning exciting rewards. They can earn 3x reward points while spending on dining, movies, departmental stores, and groceries and 2 reward points on every other category. The reward points can be redeemed against products, e-vouchers, etc, and even against your shopping bills at selected merchant stores.
Also, you get exciting welcome offers on the basis of your spends within the first 30 days. In comparison to the features and benefits this card offers, the annual fee of this card is placed at a very nominal amount of Rs. 299. Along with these benefits, this card provides you with a credit shield of Rs. 1,25,000 in case of loss of the card. There are several other ways in which you can save with this card like renewal fee waiver, fuel & railway surcharge waiver, etc. Keep reading the article below to know more about Kotak Mahindra Veer Platinum Credit Card –

Kotak Veer Platinum Credit Card
Best Suited For
Shopping |
Joining Fee
Nil
Reward Type
Reward Points |
Product Details
- 3x Reward Points on every Rs. 200 spent towards dining, grocery etc
- 2 Reward Points on every Rs. 200 spent on other categories
- Insurance coverage against the lost card
- Welcome offer on the basis of your spend in the first 30 days
- Get add-on card and enjoy added benefits
Rewards and Benefits
Welcome Benefits
Get 500 Reward Points on spending Rs. 500 in the first 30 days of card issuance
Movie & Dining
NA
Rewards Rate
Earn 6 Reward Points on every Rs. 200 spent on dining, grocery, etc and 2 Reward Points on all other categories
Reward Redemption
Redeem these points against various categories like Mobile Recharge, Movie Tickets, etc. 1 Reward Point = Re.0.25.
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.
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Fees & Charges
Joining Fee
Nil
Renewal Fee
Rs. 299 (plus applicable taxes)
Spend based Waiver
On a minimum retail spend of Rs. 50,000 in previous year, annual fee of Rs. 299 of Kotak Veer Platinum 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
1% at all fuel stations in India
Cash Advance Charge
Rs. 300 is charged for every Rs. 10,000 withdrawn
Add-on Card Fee
Nil
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Kotak Veer Platinum Credit Card – Features and Benefits
The Kotak Veer Platinum Credit Card is specially designed for the people who have dedicated themselves towards the service of the nation, i.e., the armed forces of our country, namely – the Army, Navy, and Air Force. This card lets them enjoy accelerated reward points on their daily spends. The reward points can be redeemed against various categories like product purchases, e-vouchers, etc. Following are the detailed features Kotak Veer Platinum Credit Card:
Welcome Benefit
- You are entitled to a welcome benefit of 500 Reward Points which will be credited to your account upon spending of Rs. 500 through your Kotak Veer Platinum Credit Card in the first 30 days of card issuance.
Reward Benefits
- 3x Reward Points on every Rs. 200 spent towards movies, dining, grocery and departmental stores
- 2 Rewards Points on every Rs. 200 spent towards all other categories
Reward Redemption
There are multiple ways to redeem the reward points that you have earned –
- 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 1 Reward Point = Re. 0.25.
Spend based Waiver
Annual fee of Rs. 299 will be waived off upon spending Rs. 50,000 in the previous year.
Credit Shield
If your card gets stolen, you get a credit shield of Rs. 1,25,000 against all the fraudulent transactions upto 7 days prior to reporting about the loss to the bank.
Fuel Surcharge Waiver
You are entitled to fuel surcharge waiver of 1% at all fuel stations across India.
Other Benefits
- You can get an add-on card issued on your Kotak Veer Platinum 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.
- This card also provides you with railway surcharge waiver of 1.8% for all the transactions done on www.irctc.co.in and 2.5% for transactions done on Indian Railways Booking Counters.
- This card comes with a 6-digit PIN authentication which provides higher security for your transactions
Kotak Veer Platinum Credit Card: Fees and Charges
- The joining fee for the Kotak Veer Platinum Credit Card is NIL.
- Rs. 299 is the annual fee which can be waived off if Rs. 50,000 or more is spent through this card in the previous year.
- Kotak Veer Platinum 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 Veer Platinum Credit Card
- Only the Indian residents can apply for this card.
- The officials of the armed forces are eligible to apply for this card.
- Age of the primary card holder should be between 18 years to 65 years.
- 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, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai & Pune
How to apply for Kotak Veer Platinum Credit Card
You can apply for this card using both online and offline modes.
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 Veer Platinum 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 Veer Platinum Credit Card is a unique credit card in itself as it is specially designed for the officials of the Armed Forces of the country. It can be considered the basic version of the Kotak Veer Select Credit Card, which comes with a slightly higher annual fee and a better rewards rate. 3x Reward Points on your daily spending such as dining, grocery, movies, and departmental stores make the Veer Platinum Card even more exclusive. With no joining fee and a nominal annual fee of Rs. 299, this card provides you with several other features such as an Add-on card at no extra cost, fuel and railway surcharge, etc. Also, PayByPoints is a great feature wherein you can shop at the selected merchants using the reward points you have earned. It is a good option for the armed forces wherein they and their family members can enjoy great benefits,
FAQs:
You are charged an annual fee of Rs. 299 plus applicable taxes.
You will have to pay the renewal fee of Rs.299 + applicable taxes but it can be waived off if you spend Rs. 50,000 or more through this card in the previous year.
You will get 3x reward points for every Rs. 200 spent towards dining, movies, grocery and departmental stores and 2 Reward Points on every Rs. 200 spent on all other categories.
Yes, the Kotak Veer Platinum Credit Card provides an insurance cover worth Rs. 1,25,000 against a lost/stolen card.
Yes, the Kotak Veer Platinum Credit Card does provide a fuel surcharge waiver of 1% at all fuel stations across India.