Kotak Urbane Gold Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Earn 3 times the amount of reward points for every Rs. 100 spent. Choose between receiving 4 PVR Tickets or 10,000 Reward Points as a milestone benefit. Receive insurance coverage in case of a lost card. Opt for an add-on card to receive additional benefits.

The Kotak Urbane Gold Credit Card is a suitable choice for avid shoppers, offering a rewarding experience with its reward points system.

This card comes with a joining fee of Nil and a renewal fee of Rs. 199 plus GST.

When it comes to shopping, this card truly shines.

You can earn 3x Reward Points for every Rs. 100 spent on retail transactions, making it a great option for those who frequently indulge in retail therapy.

Though it doesn't offer any specific welcome benefits, movie dining, or travel advantages, it does provide insurance cover for a lost or stolen card, which is a valuable feature for cardholders.

Furthermore, the Kotak Urbane Gold Credit Card allows you to waive the annual fee by spending Rs. 15,000 in the previous year, giving you a chance to enjoy the card without worrying about renewal costs.

This credit card has no rewards redemption fee, making it convenient and hassle-free to redeem your earned points.

However, it's important to note that there is a foreign currency markup of 3.5% on all foreign transactions.

In terms of interest rates, this card charges 3.5% per month or 42% annually, so it's essential to be mindful of your spending to avoid high interest charges.

As for cash advances, the Kotak Urbane Gold Credit Card levies a fee of Rs. 300 for every Rs. 10,000 withdrawn.

To summarize, the Kotak Urbane Gold Credit Card is an ideal choice for shopping enthusiasts, offering a generous reward points program.

With its insurance benefits and spend-based waiver for the annual fee, this card provides value for money.

Despite the foreign currency markup and interest rates, it remains a solid credit card option for those seeking retail rewards.