Kotak Credit Cards Devaluation from Aug 1st 2023

[suhasa010]

From 01/08/23, on min. spends of INR 60,000 in a calendar quarter with your Kotak Credit Card 8139 you get 2 Domestic Lounge visits in the next quarter. T&C

Absolutely horrible for an already useless card!!

Per confirmation from others, this devaluation is applicable on following cards:

1. Mojo Platinum
2. Royal Signature
3. Zen Signature

 

[vaibhav111vaibhav111 is verified member.]

me reading all the comment and thinking when should i apply for Kotak for the sake of collection? cause even applying for Kotak card doesn't seem worth it 🤣

 

[Slayer]

me reading all the comment and thinking when should i apply for Kotak for the sake of collection? cause even applying for Kotak card doesn't seem worth it 🤣

Time is more valuable here

 

[Slayer]

Btw BoB aur SBI ne bhi abhi tak nhi cut kiya lounge access limit aur accessible lounges. Highly likely SBI gets much more favourable terms from Visa and MasterCard.

SBI ka toh L*** jaisa cards hai mostly except Cashback and Vistara lineup

 

[abhishek751]

Ab rupay select hi apply karna padega.

View attachment 21380

 

[abhishek751]

Btw BoB aur SBI ne bhi abhi tak nhi cut kiya lounge access limit aur accessible lounges. Highly likely SBI gets much more favourable terms from Visa and MasterCard.

Are ho sakta hai unka plan hi ho ki users kam ho jaye.

 

[suhasa010]

update here plox what retention team offers

They said there are no spends required for lounge access. Seems like even retention team is not aware of latest updates. I read that sms to him again and still he said it's not the case. I, then told him to cancel or upgrade. He said he can upgrade to Zen, I asked for White but he said it's not possible. I said okay, upgrade to Zen. Got confirmation call just now.

Devaluation affects Zen as well. But it's on Visa Signature platform, so can at least make use of BMS BOGO, Times Prime and other offers. And it's my oldest card at 5y 10m, so @007 suggested not to cancel it.
But let's see if they take back this decision, they haven't updated the website yet.