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Kotak Veer Platinum Credit Card – Features and Benefits

The Kotak Veer Platinum Credit Card is made for the people who have dedicated themselves towards the service of the nation, i.e., the armed forces of our country, namely – the Army, Navy, and Air Force. This card lets them enjoy accelerated reward points on their daily spends. The reward points earned are redeemable for various categories like e-vouchers, product purchases, etc. The detailed features of Kotak Veer Platinum Credit Card are as follows:

Welcome Benefit

• Get a welcome benefit of 500 Reward Points which will be credited to your account upon spending of Rs. 500 through your Kotak Veer Platinum Credit Card in the first 30 days of card issuance.

Reward Benefits

•  3x Reward Points on every Rs. 200 spent towards movies, dining, grocery & departmental stores
• 2 Rewards Points per Rs. 200 spent on all other categories

Reward Redemption

The reward points earned can be redeemed in a number of ways as follows:

• For Air Tickets, Movie Tickets through BookMyShow or PVR, Mobile Recharges, shopping vouchers, and much more.
• To shop at selected merchant stores through PayByPoints Program.
• For cash (1 Reward Point = Re. 0.25).

Spend based Waiver

If you spend Rs. 50,000 in the last year, the annual fee for the card can be waived.

Credit Shield

Get a credit shield of Rs. 1,25,000 against all unauthorized transactions up to 7 days prior to reporting about the loss of the card to the bank.

Fuel Surcharge Waiver

Get 1% fuel surcharge waiver on all fuel transactions at fuel stations all over India.

 Other Benefits

• The add-on card facility can be availed where you can provide your family members with same benefits at zero cost.
• This card also provides you with railway surcharge waiver of 1.8% for all the transactions done on www.irctc.co.in and 2.5% for transactions done on Indian Railways Booking Counters.
• This card comes with a 6-digit PIN authentication which provides higher security for your transactions

Kotak Veer Platinum Credit Card: Fees and Charges

• The Kotak Veer Platinum Credit Card’s joining fee is NIL.
• The annual fee of the card is Rs. 299 which can be waived if you spend Rs. 50,000 or more in a year.
• Kotak Veer Platinum Credit Card carries a Foreign Currency markup fee of 3.5%
• The interest charges applicable on the card are 3.5% p.m. and 42% annualy.
• The cash advance charges on this card are Rs. 300 per Rs. 10,000

Eligibility Criteria for Kotak Veer Platinum Credit Card

• Only Indian residents are eligible for the card.
•  The officials of the armed forces are eligible to apply for this card.
• The primary applicant should be between 18 years and 65 years of age.
• The add-on applicant should be above 18 years.
• This card is available in a few location like Ahmedabad, Chandigarh, Chennai, Bangalore, Delhi (including Gurgaon and Noida), Kolkata, Hyderabad, Mumbai & Pune

 How to apply for Kotak Veer Platinum Credit Card

There are both online as well as offline methods to apply for the card:

For online mode –

• Click on Apply Now.
• Fill out the given form.

For offline mode –
Visit the nearest Kotak branch in your city fill in the application form, and submit the documents to apply for the card:

Conclusion

The Kotak Veer Platinum Credit Card is specially designed for the officials of the Armed Forces of the country. It can be considered the basic version of the Kotak Veer Select Credit Card, which comes with a slightly higher annual fee and a better rewards rate. 3x Reward Points on your daily spending such as dining, grocery, movies, and departmental stores make the Veer Platinum Card even more exclusive. With no joining fee and a nominal annual fee of Rs. 299, this card provides you with several other features such as an Add-on card at no extra cost, fuel and railway surcharge, etc. It is a great option for the armed forces wherein they and their family members can enjoy great benefits,