Can the shopkeeper charge an extra 2% for card payments?

Credit card companies and banks charge higher fees to recover the cost of lending money to customers. But, they urge merchants not to pass credit card swipe charges to customers and instead bear it themselves. In some places, merchants can charge customers an extra fee for using credit or debit cards to cover the processing costs.

How to pay rent through credit card?

The easiest way to pay rent is using credit cards. In this nothing is debited from your bank account. Instead the money is paid via the available line of credit. Rent payment through credit card is easy and just a few clicks away when it is linked to your UPI enabled app. Now you know how to pay rent through credit card.

What is a Credit Card?

A credit card is a transactional card that enables the holder to make purchases of goods and services or withdraw advance cash on credit. Banks and financial institutions issue it to bring the convenience of payment. Credit cards act as a microloan tool where the individual makes purchases under the condition of paying off the same within a specific time period. There are no interest payouts if the due amount is paid within a specific time (interest-free period). The issuer pre-sets a custom borrowing limit, determining the maximum amount of credit a user can spend from a credit card. Credit cards allow users to save big through discounts and deals, making them popular.

Should I apply for a balance transfer credit card?

You may proceed with the balance transfer option if you see possible savings out of it. Paying high-interest debt doesn't make sense when you can qualify for a new card with a 0% APR. This way, you can consolidate your debt and pay them off without any hassle. Many balance transfer credit cards offer a 0% or low interest rate on balance transfers for an introductory period, which can allow you to save money on interest charges while you pay down your debt.

What is the coverage scope of CPP membership in India

The coverage under CPP credit card protection membership in India is generally limited to the protection against loss, theft or misuse of the member's credit cards, debit cards, and other cards. CCP credit card protection also protects unauthorized transactions and emergency card replacement services.

Why should I select a Kotak Credit Card?

Kotak Credit Cards symbolize the following guiding principles: Simplicity - Kotak Credit Cards are simple to understand and use. We have taken special care to make them hassle free so that you can spend time on more important things in life that require your attention. Transparency - Kotak Credit Cards are transparent in communicating upfront what the Card offers and what you would have to spend for it, if at all. We have taken care that there will be no hidden charges associated with this Card. Relevance - Kotak Credit Cards have understood what you need the most from your credit Card, and have been designed to give you only those benefits that are most relevant for you. This promise from Kotak ensures that you only get the best from your credit Card!

PremiumPlatinumVisa

Kotak League Platinum Credit Card

4% rewards for everyday spenders

Annual fee₹499Waived on ₹0.5L spend

Rewards3.55%5.33 Reward Point per ₹150

Forex markup4%A Mark up is charged to the tune of 4% every time you do an international transaction. Cash and Retail transactions will both attract a Mark up.

Apply NowSecure · Free · No spam calls

Welcome benefits

worth ₹500

5,000 Rewards points worth ₹500

Type: Reward Points
Trigger: Post Joining Fee Realization

Rewards

Base earn rate

Earn up to 8 reward points on every ₹150 spent across all spends done on your Kotak League Credit Card.

Premier Rewards Program / Kotak Rewards

Excludes: Travel Agencies & Tour Operators, Package Tour Operators, Airlines And Air Carriers, Electric Sales, Durable Goods, Departmental Stores

Category	Rate	Cap
Special Categories (Travel Agencies & Tour Operators, Package Tour Operators, Airlines And Air Carriers, Electric Sales, Durable Goods, Departmental Stores)	—	—
Other Categories	—	—
All Categories	—	—

• Minimum redemption: 2000 points

Milestone benefits

Spend Rs. 1, 25,000 every 6 months and get 4 free PVR tickets or 10000 reward points: Redemption Option 1: Enjoy a maximum of 8 free PVR tickets every year. PVR tickets can be used for any day and any show and are transferrable. Star Pass Code will be issued which can be redeemed for online PVR Movie Ticket booking at www.pvrcinemas.com. You can claim your PVR tickets within 3 months after the program period gets over. Redemption Option 2: Reward points will be credited in the next billing cycle. Reward points can be used for a host of redemption options like Airtickets, Movie Tickets, Mobile Recharge / Branded Merchandise. You can claim your reward points within 3 months after the program period gets over. If price of the ticket is more than Rs. 400, the difference amount shall be paid by the cardholder along with booking/convenience fees. PVR tickets will not be applicable for customers who fall under non - PVR location city. PVR movie tickets can be redeemed online only on www.pvrcinemas.com. PVR movie tickets cannot be redeemed at Box office. For milestone benefits, all transactions settled during milestone period will be considered. Example- Milestone period is 1st Jan 2021 to 30th June 2021, then the transactions settled till 30th June 2021 will be considered for milestone benefits. Any transaction settled after 30th June 2021 will be considered in next milestone period.

Fees & charges

Joining fee: ₹ 499/Nil
Annual / renewal fee: ₹ 499/ Nil
Annual fee waiver: Minimum retail spends of ₹ 50,000 in a year
Add-on card fee: It is offered complimentary to the Kotak League platinum customers
Interest rate: The interest applicable to you is 4% per month
Interest-free period: 48 days
Cash advance fee: The interest free period is limited only to the retail transactions & does not include cash transactions. The interest starts accruing from the date of cash withdrawal.
Overlimit fee: If your transactions cross 100% of your credit limit, you will be charged a flat over limit fee of ₹500 in each billing cycle that you are over limit.
Payment dishonour: ₹500
Forex markup: A Mark up is charged to the tune of 4% every time you do an international transaction. Cash and Retail transactions will both attract a Mark up.
DCC markup: 3.50%
Fuel surcharge: 1% waiver, on ₹500–₹4000 txns, max ₹400/cycle

View official MITC →

Insurance covers

Fraud liability

lost or stolen fraud cover

Eligibility

Income (salaried): Rs.5 Lakhs and above per annum
Age: 21–60 years

Features

✓ International usage✓ Emergency replacement

Additional features

League Priority Attend - SMS 'KASSIST' to 5676788 and get a callback within 30 minutes
Railway Surcharge Waiver up to Rs.500 annually on www.irctc.co.in and Indian Railways Booking Counters
Pay with Reward Points feature available

No rewards on

Utility Spends (Only Up To ₹35,000 Per Statement Cycle Earn Rewards) · Wallet Load · Online Skill-Based Gaming · Insurance · Government · Rent · Education Spends · Fuel · Railway Transactions

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