Kotak Zen Signature Credit Card

Kotak Zen Signature Credit Card Features and Benefits

The Zen Signature Credit Card offered by Kotak Mahindra Bank is one of its premium cards and it is very much comparable with the Kotak Privy League Signature Credit Card. It comes with exciting privileges across different categories. The detailed features and benefits of this card as mentioned further in this article:

Welcome Benefits

• As a welcome benefit, you get 1500 Zen Points on payment of joining fees of Rs 1500. Welcome benefits can not be availed on the add-on card.

Milestone Benefit

You can earn 7500 bonus Zen Points on annual spending of Rs 3,00,000 and up to 15000 bonus Zen Points on annual spending of Rs 6,00,000 in the previous year.

Travel Benefits

Along with this credit card, you get eight complimentary domestic lounge access every year. You can avail yourself of up to 2 lounge accesses every quarter by spending a minimum of ₹75,000 in the previous quarter.

You also have access to three complimentary international lounges each year. These visits are only for the primary cardholder and can be unlocked after making four purchase transactions in a year.

Fuel Surcharge Waiver

You can get up to a 1% fuel surcharge waiver on transactions between Rs 500 and Rs 3000. You can avail maximum fuel surcharge waiver of Rs 3500 annually. No reward points get accrued on fuel transactions.

Spend Based Waiver

You can get an annual fee waiver of Rs 1500 on the spending of Rs 1,50,000.

Kotak Bank Zen Signature Credit Card Reward Points

• Earn 10 Zen Points for every ₹150 spent on shopping in categories such as apparel, lifestyle goods, departmental stores, and jewelry.
• For all other purchases, you will earn 5 Zen Points for every ₹150 spent.
• Please note that the total reward points earned on all transactions will be capped at 6,500 points per billing cycle.

Reward Redemption

• With the Kotak Reward program, you can redeem these reward points for exclusive vouchers and special discounts on partner deals and offers.
• You also can redeem these reward points and convert them into cash to pay for your shopping spends at partner merchant outlets.
• 1 Reward Point is equivalent to Re. 0.25.

Kotak Zen Signature Credit Card Eligibility Criteria

The eligibility requirements that need to be fulfilled in order to get this credit card are as follows:

• The applicant should be a resident of India.
• The applicant should be of age between 21 years to 65 years
• Net Income of Self-Employed or Salaried person should be Rs 4.8 Lakhs or above
• You can avail of this credit card at the following mentioned locations Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Pune, Ahmedabad, and Bangalore,

Documents Required

The documents required to apply for the Kotak Bank Zen Signature Credit Card are as mentioned below:

• Identity Proof: Aadhar Card, PAN Card, Voters’ Id, Passport, etc.
• Address Proof: Latest utility bills, Aadhar Card, Passport, Ration card, Driving License, etc.
• Proof of income: Latest audited ITR (in case of self-employed people) and Latest bank statements/salary slips (in case of salaried individuals).

How To Apply For Kotak Bank Zen Signature Credit Card?

One can apply for the Kotak Zen Signature Card online as well as offline at their convenience. To apply offline, you can simply visit your nearest Kotak Bank branch and apply for the card by filling in the physical application form. To apply online, you can follow a few steps as mentioned below:

• Choose the Kotak Bank Zen Signature Credit Card and click on ‘Apply Now’ under that.
• Proceed further and fill in the online application form and submit it.

Conclusion

Kotak Zen Signature Credit Card provides you with basic, accelerated, as well as milestone rewards on your spending. This card offers you a welcome gift of 1,500 rewards points on payment of the annual fee of ₹1,500. The 1,500 Zen Points are provided as a welcome benefit and are equivalent to ₹375 in value. Furthermore, the card offers a decent reward rate of ₹0.25 on 1 Zen Point in all categories, except for fuel transactions. You also get Accelerated rewards on this card with 15 Zen Points on every ₹150 spent on Apparel, Lifestyle Goods & Jewellery. Besides that, you can get rewards of up to 15,000 Zen Points on annual spending of Rs 6,00,000, as a Milestone benefit. Another key feature of this credit card is that you get 3 complimentary international lounge accesses. What do you think about this credit card? Do let us know in the comments below.