Kotak Mahindra Bank Launches New Premium Credit Card; Benefits Here | Business News

Kotak Mahindra Bank Launches New Premium Credit Card; Benefits Here | Business News

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Kotak Solitaire: The new card Kotak Mahindra Bank offers a wide range of benefits and banking programs to affluent customers.

Customers get pre -approved credit lines of up to Rs 8 crore.
(Representative Image)

Kotak Mahindra Bank has introduced a new invitation-only premium card named ‘Kotak Solitaire’, offering extended benefits and a suitable banking program exclusively to India’s affluent individuals and families. Kotak Mahindra Bank has curated the Kotak Solitaire as a premium credit card to cater to the high-net-worth individuals (HNIs) who have a long relationship with the lender.

An invite-only program, the Kotak Solitaire cannot be availed like regular banking services offered by the bank. However, the eligibility for affluent customers depends on not just the balance in their account, but also the total relationship value maintained over a period, based on deposits, investments, loans, insurance and demat holdings evaluated. Only individuals or families that have a strong relationship and a healthy engagement history with Kotak’s financial services ecosystem are eligible for the invitation, making Kotak Solitaire a truly exclusive offering.

Invitees get personalised credit lines and curated lifestyle privileges with Kotak Solitaire. The premium card gives you a special experience of the bank’s loan and health-based plans, as well as major benefits on insurance and wealth accumulation strategies designed to fulfill your goals and aspirations.

The benefits of this premium card include pre-approved credit lines across home loans, personal loans and credit cards of up to Rs 8 crore. If you’re a salaried professional or an entrepreneur, you get specifically built financial solutions depending on your needs.

The premium card comes with a family-centric model of banking, providing shared credit limits and bundled privileges for all members. Cardholders are assigned dedicated relationship and service managers who ensure the best possible assistance to affluent customers. A one-touch access is provided to Kotak’s top services in banking, wealth management, insurance and lifestyle.

Other benefits include no annual fees to retain your Kotak Solitaire card. It also comes with unlimited lounge access for the primary cardholder and add-ons. Customers may also receive 10 per cent Airmiles on travel via Kotak Unbox and earn 3 per cent Airmiles on other eligible spends. These can be used for flights and hotels, or transferred to popular hotel and airline loyalty programs.

Kotak Mahindra Bank has placed a cap of Rs 1 lakh Air Miles per statement cycle on accelerated categories. Further, cardholders get zero forex markup and fuel surcharge waived on transactions worth Rs 7,500 and more.

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Business Desk

A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More

A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More

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