Kotak Solitaire Credit Card launched.

[Adith]

Card link : https://www.kotak.com/en/personal-banking/cards/credit-cards/kotak-solitaire-credit-card/features.html

MITC : https://www.kotak.com/content/dam/Kotak/credit-card-services/detailed-tc-kotak-solitaire-credit-card.pdf

Reward points :

• 10 airmiles per 100rs spent on travel bookings via Kotak Unbox ( flight & hotels )
• 3 airmiles per 100rs spent on eligible categories

Exclusion :

• Fuel
• Govt & education spends
• Utility/ Telecom
• Insurance
• Rent
• Wallet loading
• Emi
• Gaming
• Cash advance
• International transactions
• Upi <= 2000 for rupay variant

Lounge Access:

• Unlimited international and domestic for primary and add-on
• 2 Domestic and 2 International for guest in a year

Forex : 0% markup ( no airmiles accrued)

Cash Withdrawal : 1% , no interest charged till statement generation

Fuel surcharge : 1% between 400rs to 7500rs. Cap at 10000rs fuel surcharge waiver per year.

Redemption :

1. Travel booking via Kotak Unbox
   • 1 Airmiles = 1rs for travel redemption( flight & hotel) via Kotak Unbox.
   • Max 80% value of booking .
   • Minimum 500 airmiles per booking
2. Transfer to airlines or hotels
   • For airline partners it's 2 : 1 conversion
   • For marriot it's 3 : 1
   • For accor it's 2 : 1
   • Minimum 2000 airmiles per transaction . No max capping.

   • Partner	Transfer rate
     Ethihad Airways	2 :1
     Qatar Airlines	2 :1
     British Airways	2 :1
     United Airlines	2 :1
     Cathay Pacific	2 :1
     Air France	2 :1
     Air Canada	2 :1
     Accor	2 :1
     Marriot	3:1

3. Voucher redemption
   • 1Airmile = 0.5rs
   • Minimum 500 airmiles per redemption
   • Upto 80% of the value

Fees :

• Joining fees : 25000 + Gst
• Annual fees : 25000 + Gst
  • Fee waiver for Solitaire account holders : both joining and annual fees.

Note : looks to be an invite only card .

 

[kunal05]

Looks like an avg. card with too many exclusions for spends.
Even the best case returns would be under 10%. And returns for most part would be less than even SBI CASHBACK card.