Metro Kotak Credit Card

Apply for the best credit card of Kotak Mahindra Bank

Last updated:28-Dec-24 Writen by Narendra User Profile
Metro Kotak Credit Card
  • Best suitable for: Business
  • Joining Fee: ₹ Lifetime Free + GST
  • Annual Fee: ₹ Lifetime Free + GST
  • Welcome Benefits: NA
Metro Kotak Credit Card

Metro Kotak Credit Card: Fees & Charges

Type of fee or charge Amount (Rs.)
Joining Fee:₹ Lifetime Free
Annual/Renewal Fee:₹ Lifetime Free
Finance Charges:3.5% per month (42.0% annually)
Spend Based Waiver:Lifetime Free
Over Limit Penalty:500 per instance
Rent Payment charges1% Processing fee transaction amount
Forex Charges:3.5% of the transaction value
Minimum Repayment Amount:5% of Total outstanding (Min. Rs. 100) + All charges/fees/taxes + EMI
Cheque Return Fees:500/- per returned cheque
Late Payment Charges:
Total Amount Due/Statement BalanceLate Payment Charges
Less than or equal to 100NIL
Above 100/- and up to 500100
Above 500/- and up to 5000500
Above 5000/- and up to 10,000600
Above 10,000/- and up to 25,000800
Above 25,000/- and up to 50,0001000
Above 50,000/-1200

Metro Kotak Credit Card: Eligibility & Documentation

Eligibility:-
Age: Applicants should be at least 18 years old.
Income: A stable annual income is essential, typically a net monthly income of 15,000/- or more and Self-Employed Individuals/Professionals: A minimum annual income of 2.4 lakhs.
Credit Score: A good CIBIL score, ideally between 750 and 900, can significantly boost approval chances
The applicant must be an Indian citizen and valid address proof

Documentation:- 1. Aadhaar card, Passport, PAN card as your Identity proof
2. Any Utility bill, Passport, or Voter ID as your address proof
3. Salary slips, bank statements, or IT returns as your income proof

Metro Kotak Credit Card: Cash Advance and Charges

Cash Advance or Withdrwan Fee: 2.5% (Min. INR 500) of the cash amount
Cash Advance Withdrwan Limit: 40% of the card limit
Cash Payment at Bank Branch: Rs. 100/- for every Cash payment

Metro Kotak Credit Card: Customer care and helpline

Customer care : 18602662666
Email Address : [email protected]
Mailing Address: Kotak Infiniti, 4th Floor, Zone 4, Bldg No.21, Infinity Park, Off Western Express Highway, General AK Vaidya Marg, Malad (E), Mumbai – 400097

Add-on Card facility: NIL

Card replacement fee: Rs 100 + GST

Rewards Redemption Fee: -

Domestic lounge:

International Lounge:

Fuel Surcharge:Waiver capped at 100 every billing cycle

FAQ of Metro Kotak Credit Card

Q1. What is the annual fee of Metro Kotak Credit Card?
The Metro Kotak Credit Card offers lifetime-free annual fees. The joining fee is also free for life!

Q2. What is the interest rate on the Metro Kotak Credit Card?
The Metro Kotak Credit Card has an interest rate of 3.5% per month (42.0% annually)

Q3. Are there foreign transaction fees on the Metro Kotak Credit Card?
Yes, The Metro Kotak Credit Card charges a 3.5% fee for all transactions in foreign currency .

Q4. What is the credit limit of Metro Kotak Credit Card?
The credit limit for the Metro Kotak Credit Card is based on multiple factors, such as your income, repaying capacity, and credit history. Kotak Mahindra Bank does not specify a fixed credit limit for this card. It will communicate to you time of issuance of card. Kotak Mahindra Bank offer Pre-approved Credit Limit to existing card holder. So if you are eligible by few step you can increase your credit limit.

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