I’m considering applying for a Kotak credit card, but before I take the plunge, I want to understand the annual fees involved. I’m looking at a couple of cards, like the Kotak White Reserve, Platinum Royale, and possibly a few others, but I’m not sure what the fees are for each of them.
I know premium cards usually have higher fees, but they also offer more benefits like lounge access, rewards points, and maybe even travel vouchers. On the other hand, I’ve heard that there are lower-fee options, and some even have zero annual fees in the first year.
If you’re considering the Kotak White Reserve card, it has an annual fee of ₹3,000, which is on the higher end for a premium card, but it comes with a lot of benefits like lounge access, travel vouchers, and the ability to earn rewards points that can be converted to airline miles. So, if you travel a lot or use your card frequently, that fee might be worth it for the perks.
On the other hand, cards like the Kotak Platinum Royale also have an annual fee, but it’s a bit lower, around ₹999 (plus taxes). For this fee, you still get benefits like rewards points on spending, but it might not have the same level of premium travel perks as the White Reserve.
If you’re not into paying an annual fee, there are also zero-fee options like the Kotak Essentia credit card, which doesn’t charge an annual fee, but the rewards and benefits are a bit more basic compared to the higher-tier cards.
It’s always a good idea to check the latest details on Kotak’s official website or talk to customer service at 1860 266 2666 to confirm any changes to fees and understand what’s included with the card.
Bottom line: It’s all about what benefits you’ll get for the fee—if you’re using the card a lot and getting valuable rewards, the fee might be totally worth it!