Kotak Mahindra Bank UPI RuPay Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

This card allows you to accumulate reward points on your UPI transactions. It is a digital credit card. There are no fees associated with this credit card for its entire duration. For every purchase of Rs. 100 made with this card, you will earn 3 Reward Points.

The Kotak Mahindra Bank UPI RuPay Credit Card is a suitable choice for shopping enthusiasts, as it offers an enticing reward program.

This credit card comes with no joining fee or renewal fee, making it an affordable option.

In terms of rewards, cardholders can earn 3 Reward Points for every Rs. 100 spent on their purchases.

This allows users to accumulate points quickly and redeem them for a range of exciting rewards.

While this credit card doesn't offer specific benefits for movies or dining, its focus on shopping makes it ideal for those who frequently indulge in retail therapy.

The ability to earn reward points on purchases adds value to every shopping experience.

Travel perks such as access to airport lounges or golf benefits are not offered with this credit card.

However, if you primarily seek a rewarding shopping experience, these exclusions may not be of significant concern.

It's important to note that this credit card does not provide any insurance benefits or spend-based waivers.

While some users may find these features appealing, they are not included with this particular card.

Foreign currency transactions attract a markup of 3.5% per transaction along with the applicable GST.

This fee should be considered if you frequently make purchases in foreign currencies.

The interest rate for the Kotak Mahindra Bank UPI RuPay Credit Card is 3.5% (annual rate - 42%).

Cardholders should be mindful of this rate, as failing to make timely payments can result in high interest charges.

Fuel surcharge benefits and cash advances are not available with this credit card.

If these features are important to you, you may want to explore other credit card options that provide these perks.

Overall, the Kotak Mahindra Bank UPI RuPay Credit Card is a suitable choice for avid shoppers seeking rewards on their purchases.

While it may not offer a comprehensive range of benefits, its focus on shopping rewards makes it a valuable addition to your wallet.