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Kotak launch Virtual only Lifetime free UPI RuPay Credit Card

Abhishek012

TF Pioneer

Kotak launch Virtual only Lifetime free UPI RuPay Credit Card:​

kotak virtual.jpg

Features -

Credit meets Convenience with Kotak UPI RuPay Credit Card. Link your card on UPI Apps & make payments instantly​

Reward Benefit​

Earn 3 Reward Points* per ₹100 spent

Credit Card on UPI​

Enjoy facility of making UPI Payment with your credit card.

Virtual Credit Card​

Go wallet free by making instant payments with your credit card.

Lifetime Free Card​

No Joining & Annual Fees for life time.

UPI payment on Credit Card:

  • Enjoy a seamless experience of making UPI Transactions with your Kotak UPI RuPay Virtual Credit Card on your preferred UPI Apps
  • For more information regarding how to make UPI Payments with your RuPay Credit Card, Click Here

Earn Reward Points

  • Earn 3 Reward Points* against every ₹ 100 spent.
  • No capping limit per statement cycle on earning Reward Points
  • Reward Points will be accrued for both UPI as well as Regular# Credit Card Transactions
  • Every 1,000 Reward Points will be equivalent to ₹ 100
  • Minimum 1000 Reward Points will be required for redemption

Life Time Free Card

*Reward Points will not be accrued for transaction categories such as: Rent, Fuel, Railway, Wallet Loading, EMI, Education & Balance Transfer

#Regular Credit Card Transactions include Online/E-Commerce and International Transactions made virtually

Eligibility Criteria​

  • Customer should be an existing Kotak Credit Card holder
  • Customer should be in age bracket of 18-65 Years
  • Customer should be a resident of India

Link your Virtual Credit Card on UPI Payment Apps​

  • Unfold UPI Magic with Kotak UPI RuPay Virtual Credit Card. Link your card on UPI Apps & set UPI Pin for making UPI Transactions
  • For more information on how to link your RuPay Credit Card on UPI Apps, Click Here

Manage your virtual Credit Card on Kotak Mobile Banking App​

  • Kotak UPI RuPay Credit Card will be issued as virtual only card and no physical card will be issued. For your convenience, the card details will be auto-registered in Kotak Mobile Banking App under Credit Card section. To view card details, follow the below steps:
    • Login into Kotak Mobile Banking App
    • Go to “Credit Card” Section
    • Go to “Card Overview” Section
To enable E-Com/Online & International Transactions & manage card usage settings, please click on “Card Control” Tab under “Card Overview” Section in Kotak Mobile Banking App.

fytfy.jpg

Fees & Charges:

Fee & Other ParametersKotak UPI RuPay Credit Card
Joining FeesNil
Annual FeesNil
Add on Card Benefit (Virtual Card)Not Applicable
Interest Charges on outstanding Balances3.5% (Annualized Rate - 42%)
Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)MAD can be 5% or 10% of TAD as decided by the Bank
Late Payment Charges ("LPC")Due as per last statementLPC Charges
<₹ 100₹ 0.0
₹ 100 – ₹ 500₹ 100
₹ 501 – ₹ 5,000₹ 500
₹ 5,001 – ₹ 10,000₹ 600
₹ 10,001 – ₹ 25,000₹ 800
₹ 25,001 – ₹ 50,000₹ 1000
>₹ 50,000₹ 1200
Over Limit Charge₹ 500
Cheque Bounce ChargesHigher of (2% of bounce amount or ₹ 500)
Auto Debit Return ChargesHigher of (2% of bounce amount or ₹ 450)
Foreign Currency Mark Up3.5% per transaction + GST
Railway Booking Surcharge WaiverNot Applicable
Fuel Surcharge WaiverNot Applicable
Fee for Cash payment at Bank₹ 100
Reissue/ Replacement Card (per Card)Nil (As it is a virtual card)

Note: GST/Applicable taxes, would be charged as per the rates approved in the Finance Act each year on all interest & fees and other charges levied on your Credit Card.

Special thanks to @Tejo for sharing the details.
 
Who are you talking to sir ?
In the previous 2 pages, existing Kotak card holders - RuPay branded - have applied for this virtual card. I was wondering why ?

In AU BANK, virtual RuPay card is given to bank customers - account holders - each with 1 lakh limit.

In Kotak, the existing limit is shared. So, it is OK to take this new virtual card if you are holding a visa card.

But, why apply if you already has a RuPay physical card ?
 
In the previous 2 pages, existing Kotak card holders - RuPay branded - have applied for this virtual card. I was wondering why ?

In AU BANK, virtual RuPay card is given to bank customers - account holders - each with 1 lakh limit.

In Kotak, the existing limit is shared. So, it is OK to take this new virtual card if you are holding a visa card.

But, why apply if you already has a RuPay physical card ?
People are just applying for the sake of it, it seems because it is LTF. I mean I already have Axis Kiwi card and I use that for UPI. I still got Yes bank, Kotak bank and will get AU UPI cards 😀
 

Kotak launch Virtual only Lifetime free UPI RuPay Credit Card:​

View attachment 29913

Features -

Credit meets Convenience with Kotak UPI RuPay Credit Card. Link your card on UPI Apps & make payments instantly​

Reward Benefit​

Earn 3 Reward Points* per ₹100 spent

Credit Card on UPI​

Enjoy facility of making UPI Payment with your credit card.

Virtual Credit Card​

Go wallet free by making instant payments with your credit card.

Lifetime Free Card​

No Joining & Annual Fees for life time.

UPI payment on Credit Card:

  • Enjoy a seamless experience of making UPI Transactions with your Kotak UPI RuPay Virtual Credit Card on your preferred UPI Apps
  • For more information regarding how to make UPI Payments with your RuPay Credit Card, Click Here

Earn Reward Points

  • Earn 3 Reward Points* against every ₹ 100 spent.
  • No capping limit per statement cycle on earning Reward Points
  • Reward Points will be accrued for both UPI as well as Regular# Credit Card Transactions
  • Every 1,000 Reward Points will be equivalent to ₹ 100
  • Minimum 1000 Reward Points will be required for redemption

Life Time Free Card

*Reward Points will not be accrued for transaction categories such as: Rent, Fuel, Railway, Wallet Loading, EMI, Education & Balance Transfer

#Regular Credit Card Transactions include Online/E-Commerce and International Transactions made virtually

Eligibility Criteria​

  • Customer should be an existing Kotak Credit Card holder
  • Customer should be in age bracket of 18-65 Years
  • Customer should be a resident of India

Link your Virtual Credit Card on UPI Payment Apps​

  • Unfold UPI Magic with Kotak UPI RuPay Virtual Credit Card. Link your card on UPI Apps & set UPI Pin for making UPI Transactions
  • For more information on how to link your RuPay Credit Card on UPI Apps, Click Here

Manage your virtual Credit Card on Kotak Mobile Banking App​

  • Kotak UPI RuPay Credit Card will be issued as virtual only card and no physical card will be issued. For your convenience, the card details will be auto-registered in Kotak Mobile Banking App under Credit Card section. To view card details, follow the below steps:
    • Login into Kotak Mobile Banking App
    • Go to “Credit Card” Section
    • Go to “Card Overview” Section
To enable E-Com/Online & International Transactions & manage card usage settings, please click on “Card Control” Tab under “Card Overview” Section in Kotak Mobile Banking App.

View attachment 29914

Fees & Charges:

Fee & Other ParametersKotak UPI RuPay Credit Card
Joining FeesNil
Annual FeesNil
Add on Card Benefit (Virtual Card)Not Applicable
Interest Charges on outstanding Balances3.5% (Annualized Rate - 42%)
Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)MAD can be 5% or 10% of TAD as decided by the Bank
Late Payment Charges ("LPC")Due as per last statementLPC Charges
<₹ 100₹ 0.0
₹ 100 – ₹ 500₹ 100
₹ 501 – ₹ 5,000₹ 500
₹ 5,001 – ₹ 10,000₹ 600
₹ 10,001 – ₹ 25,000₹ 800
₹ 25,001 – ₹ 50,000₹ 1000
>₹ 50,000₹ 1200
Over Limit Charge₹ 500
Cheque Bounce ChargesHigher of (2% of bounce amount or ₹ 500)
Auto Debit Return ChargesHigher of (2% of bounce amount or ₹ 450)
Foreign Currency Mark Up3.5% per transaction + GST
Railway Booking Surcharge WaiverNot Applicable
Fuel Surcharge WaiverNot Applicable
Fee for Cash payment at Bank₹ 100
Reissue/ Replacement Card (per Card)Nil (As it is a virtual card)

Note: GST/Applicable taxes, would be charged as per the rates approved in the Finance Act each year on all interest & fees and other charges levied on your Credit Card.

Special thanks to @Tejo for sharing the details.
Here is mine
 

Attachments

  • IMG_20231021_183233_233.jpg
    IMG_20231021_183233_233.jpg
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In the previous 2 pages, existing Kotak card holders - RuPay branded - have applied for this virtual card. I was wondering why ?

In AU BANK, virtual RuPay card is given to bank customers - account holders - each with 1 lakh limit.

In Kotak, the existing limit is shared. So, it is OK to take this new virtual card if you are holding a visa card.

But, why apply if you already has a RuPay physical card ?
May be so that they can use Kotak card online instant discount offers separately for each card.
 
Don't worry. If he has already applied, it won't trigger the OTP again.

By the way, how much time does it take for a virtual RuPay card to show up in the Kotak app or net banking?
LOL.

this is Direct IDFC virtual only RuPay CC apply link, if you click multiple times, multiple cards generated (100% cb upto Rs50 | 4 times, total Rs200 cashback) - https://my.idfcfirstbank.com/dl/1864868f-ad45-440a-9dad-16175dc1db32

Same happened with yes bank virtual only RuPay CC apply link.
 
Anyone got above invite who is holding kotak pvr gold card it seems only core card upgrades done by kotak not for co branded @Abhishek012 Please guide will they offer or need to approach kotak cc last time I had conversation over call & Twitter but they didn't agreed or told to we can't process this virtual card request from our side it system based.
 
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