Kotak Solitaire Credit Card launched.

[Adith]

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

Mitc : https://www.kotak.com/content/dam/K...s/detailed-tc-kotak-solitaire-credit-card.pdf

Reward points :

1. 10 airmiles per 100rs spent on travel bookings via Kotak Unbox ( flight & hotels )
2. 3 airmiles per 100rs spent on eligible categories

Exclusion :

1. Fuel
2. Govt & education spends
3. Utility/ Telecom
4. Insurance
5. Rent
6. Wallet loading
7. Emi
8. Gaming
9. Cash advance
10. International transactions
11. Upi <= 2000 for rupay variant

Lounge Access:

1. Unlimited international and domestic for primary and add-on
2. 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
   1. For airline partners it's 2 : 1 conversion
   2. For marriot it's 3 : 1
   3. For accor it's 2 : 1
   4. Minimum 2000 airmiles per transaction . No max capping.
3. Voucher redemption
   1. 1Airmile = 0.5rs
   2. Minimum 500 airmiles per redemption
   3. 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 but cannot confirm .

Will fix formatting errors and also add the airline partner details in a little while.

 

[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.