Vacation is necessary to break the monotony of life and spend quality time with family. However, going on a vacation requires financial planning. A Travel Credit Card from Kotak Mahindra Bank or any other reputed financial institution can significantly reduce your trip’s costs. It lets you earn reward points on airfare, restaurants, and hotels. In the following sections, we will discuss four ways to plan your vacation using a Kotak Credit Card.
- Redeem Reward Points
Redeeming reward points is an excellent way to reduce airfare for both domestic and international trips. Several Kotak Credit Cards offer these loyalty programs in exchange for every rupee spent using the card. The more you spend using the card, the more reward points you accumulate.
Check the type of reward system offered by your Credit Card. Some cards offer reward points on minimum spending in a year, while others provide welcome tickets worth a certain amount. Redeem the accumulated reward points to reduce your travel-related costs and save more.
2. Check for Lounge Access
Credit Card companies have tie-ups with airports, making you eligible for free lounge access. You may also get free or discounted lounge services like meals, restrooms, special assistance, etc. Apart from lounge access, you also get the facility of choice of seats and priority check-in at airports. At airport lounges, you may enjoy gourmet meals, widescreen TVs, comfortable seating, free Wi-Fi, magazines, and newspapers.
3. Use Retail Discounts
Credit Cards offer cashback if you spend a threshold amount in a year. Some cards offer reward points every quarter for spending a certain amount. An annual fee waiver is also available for a minimum annual retail expenditure. Take advantage of these cashback, discounts, and reward points to reduce your trip's total cost.
4. Enjoy Other Facilities and Waivers
If you are going on an international trip, some cards offer extra reward points on expenditure in a foreign country. You may accumulate and redeem these points on air tickets, movie tickets, etc. Moreover, fuel and railway surcharge waivers are also available.
Types of Travel Credit Cards Available at Kotak
If you are looking for a Travel Credit Card, Kotak Mahindra Bank has many options. These include the following:
- Mojo Platinum Credit Card
- 2.5 mojo points for every online spend worth ₹100
- 1 mojo point for every ₹100 spent at other places
- 2500 mojo points each quarter on expenditure worth ₹75,000
2. IndiGo 6E Rewards Credit Card
- Welcome ticket worth ₹1,500
- 6E Prime add-ons worth ₹1,099, including priority check-in, complimentary meal, choice of seat, and assistance
3. Kotak 811 Credit Card
- 2 reward points for every online spend worth ₹100
- ₹750 cashback for expenditures worth ₹75,000 every year
4. Kotak IndiGo 6E Rewards XL Credit Card
- Welcome ticket worth ₹3,000
- 6E Prime add-ons worth ₹1,099, including priority check-in, complimentary meal, choice of seat, and assistance
5. Royale Signature Credit Card
- 30,000 Bonus Reward Points on the annual retail expenditure of ₹8 lakh
- Two complimentary airport lounge access in India during a quarter
- Annual Fee waiver on annual retail expenditure of ₹1 lakh
6. NRI Royale Signature Credit Card
- Two reward points on expenditure outside India
- Freedom to purchase by paying in INR
Eligibility Conditions for a Kotak Travel Credit Card
If you are planning to apply Credit Card at Kotak, you must fulfill the following eligibility criteria:
- Age between 21 and 65
- Indian resident
- Annual income of at least ₹24 Lakh
Documentation Requirements for Kotak Travel Credit Card
If you qualify, you must provide these documents to apply for Credit Card at Kotak:
- Pan Card
- Passport-sized photograph
- Address Proof: Passport, voter ID, driving license, etc.
- Identity Proof: Driving license, ration card, bank statement, utility bill, etc.
- Income Proof: ITR, last three months' bank statement, last three months' salary slip, etc.
Kotak Travel Credit Card is a smart option for expense management. However, you must know how to use it wisely and redeem all the available benefits. Familiarise yourself with its various benefits and leverage them to plan a memorable family vacation. apply credit card.
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