About Kotak Veer Platinum Credit Card
Kotak Mahindra Bank, in partnership with NPCI, has launched the Veer Platinum Credit Card, specifically designed to offer exclusive benefits and discounts for armed forces personnel. This card comes with no annual fee and provides a range of rewards and privileges on everyday spends, including dining, movies, groceries, and departmental stores. Cardholders can also enjoy fuel and railway surcharge waivers, free add-on cards for family members, and secure transactions with EMV chip and PIN authentication. Additionally, the card offers fraud insurance coverage to protect against unauthorized usage.
Kotak Veer Platinum Credit Card Rewards Program
Veer Points
- 6 reward points for every Rs. 200 spent on Dining, Movies, Departmental Stores, and Grocery.
- 2 reward points for every Rs. 200 spent on other categories.
- 1 reward point = Rs. 0.20.
- Exclusions: Education, Wallet Load, Fuel, Rent, Government spends, Insurance, Online Gaming, and utility spends above Rs. 35,000 per month.
Other Features and Benefits
Welcome Offer
- Earn 500 reward points on spending Rs. 500 within the first 30 days of card issuance.
Fuel Surcharge Waiver
- 1% waiver across fuel stations in India.
Railway Surcharge Waiver
- 1.8% waiver on IRCTC bookings.
- 2.5% waiver on Indian Railways booking counters.
Add-on Card
- Free add-on card with the same benefits as the primary card.
Safe and Secure
- Embedded EMV chip and 6-digit PIN authentication for secure transactions.
Card Insurance Cover
- Coverage of Rs. 1,25,000 against fraudulent usage up to 7 days pre-reporting.
- Contact customer care at 1860 266 2666 immediately to block/deactivate the card.
Fees and Charges
| Fee/Charge | Amount |
| Joining Fee | NA |
| Annual Fee | Rs. 299 |
| Add-on Card Fee | Nil |
| Finance Charges (Interest Rate) | 3.50% pm |
| ATM Cash Withdrawal Charges | Rs. 300 |
| Late Payment Fee | For outstanding balance less than or equal to Rs. 500 – Rs. 100
For outstanding balance between Rs.500 and Rs. 10,000 – Rs. 500
For outstanding balance greater than Rs. 10,000 – Rs. 700 |
| Overlimit Fee | Rs. 500 |
| Cheque Bounce Charges | Rs. 500 |
| Foreign Currency Markup | 3.50% of the amount |
| Cash Payment Charges | Rs. 100 |
| Card Reissue/Replacement Charges | Rs. 100 |
| Interest Charges on outstanding Balances | 3.5% |
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Document Required For Kotak Veer Platinum Credit Card
- Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
- Proof of Address: Aadhaar Card, Driver’s License, Passport
- Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Eligibility Criteria
- Age: 21 to 70 years
- Occupation: Salaried or Self-employed
- Credit Score: Should have a good credit history
Kotak Veer Platinum Credit Card Highlights
What do we like about this card?
- Welcome Bonus: 500 reward points on spending Rs. 500 in the first 30 days
- Reward Points: 6 points per Rs. 200 on dining, movies, grocery, and departmental stores; 2 points per Rs. 200 on other spends; 1 point = Rs. 0.20
- Fuel Surcharge Waiver: 1% waiver at fuel stations across India
- Railway Surcharge Waiver: 1.8% on IRCTC and 2.5% at Indian Railways counters
- Add-on Card: Free add-on card with same benefits
- Security: EMV chip and 6-digit PIN for safe transactions
- Card Insurance: Cover of Rs. 1,25,000 against fraud if reported within 7 days
Things to Know Before you apply
Get this card if:
- You are armed forces personnel looking for exclusive benefits
- You want a no-annual-fee credit card
- You want rewards on dining, groceries, movies, and fuel
Pros
- No annual fee
- Reward points on key spends (dining, groceries, movies)
- Fuel & railway surcharge waivers
- Free add-on card with same benefits
- Secure transactions with EMV chip & PIN
Cons
- Reward points not earned on education, wallet load, rent, government spends, insurance, online gaming, and high utility spends
- Limited lifestyle benefits beyond basic rewards
- Some waivers capped per year
Kotak Mahindra Bank Credit Card Contact Details
- Contact Address: Kotak Mahindra Bank Ltd. 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400051, India
Helpline: 1860 266 2666 (available from all major cities in India)
Simply SMS: Send KCC last 4 digits of your credit card to 5676788 to get card-related info.
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Frequently Asked Questions
This card is ideal for armed forces personnel and individuals looking for premium lifestyle benefits with no annual fee.
Yes, the Kotak Veer Platinum Credit Card can be used for international transactions.
Yes, you can apply for free Add-on cards for family members, and they come with the same benefits as the primary card.
You get 500 reward points when you spend Rs. 500 within the first 30 days of card issuance.
Earn 6 points per Rs. 200 spent on dining, movies, grocery, and departmental stores, and 2 points per Rs. 200 on all other spends. 1 point = Rs. 0.20.
Yes, 1% fuel surcharge waiver at all fuel stations in India and railway surcharge waiver of 1.8% on IRCTC and 2.5% at Indian Railways booking counters.
The card comes with an EMV chip and 6-digit PIN authentication for secure transactions.
Yes, it provides cover of Rs. 1,25,000 against fraudulent usage if reported within 7 days.
