Never go for Kotak credit cards. If you fail to pay the entire/minimum due on due date, you’ve to pay extra a LATE FEE 750+ tax. If you use 99% of your card limit and keep a minimum balance, they’ll charge OVERLIMIT FEE of 500+ tax. If you are a regular on time payer but missed to pay one due, they’ll ask for a postdated cheque and harass you
Do not withdraw money from kotak credit card. You will end up paying Rs 300 per transaction as a transaction charge plus 3% interest on cash withdrawn.I have utilized my credit card for Rs 23800 within my limit of Rs 24000 but they charged me over limit fee. In an emergency situation, I withdrew Rs 500 and Rs 1500 from two different places where I ended up in paying Rs 600 as cash withdrawal charges.
Their reward points are fooling techniques. Never buy or think about buying any KOTAK products. Purely customer looting entity.