What is the eligibility criteria for a Kotak Mahindra Bank credit card?
The eligibility criteria for a Kotak Mahindra Bank credit card can vary slightly depending on the specific card you’re applying for (like League, Zen, White, etc.), but here’s the general gist:
Age:
Minimum: 21 years (18 for some basic cards).
Maximum: Usually 60–70 years (retirees may need to show stable income).
Income:
Salaried folks: Minimum monthly income of ₹20,000–₹25,000 (for basic cards) or higher for premium cards (e.g., ₹50,000+ for super-premium cards).
Self-employed/business owners: Annual income of ₹6 lakh+ (varies by card).
Credit Score:
A CIBIL score of 750+ is preferred. They’ll check your credit history for defaults or high debt.
Employment Stability:
Salaried: At least 6 months–1 year with your current employer.
Self-employed: Business continuity for 2+ years.
Residency:
Must be an Indian resident. Some cards require you to live in specific cities (metros/tier-1).
Documents Needed:
ID/age proof (PAN, Aadhaar, Passport).
Address proof (utility bills, Aadhaar).
Income proof (salary slips, bank statements, or ITR for self-employed).
Pro Tips:
If you’re already a Kotak account holder, you might get pre-approved offers (check Net Banking/App).
Existing debt or too many credit cards can affect approval.