Kotak Urbane Gold Credit Card – Benefits, Fees & Eligibility

Introduction

The Kotak Urbane Gold Credit Card, issued by Kotak Mahindra Bank, is designed for frequent shoppers, offering rewards on all retail purchases. Positioned as an entry to mid-range card, it carries a nominal annual fee of Rs. 199 and provides significant benefits in return. Key differentiating benefits include earning 3x reward points per Rs. 100 spent on all retail transactions and a milestone benefit of either 4 PVR tickets or 10,000 bonus reward points upon spending Rs. 1 Lakh or more in a year. The card also offers a credit shield of Rs. 50,000 for lost or stolen cards. Please note that this card is indicated as discontinued for new applications.

Welcome Benefits

• Upon spending Rs. 1,00,000 in a year, cardholders can choose one of the following milestone benefits:
  • 4 Free PVR Tickets: These tickets can be used for any day, any show, are transferable, and can be redeemed for online PVR Movie Ticket bookings at www.pvrcinemas.com. They must be claimed within 3 months after the program period ends. If a ticket costs more than Rs. 400, the cardholder must pay the difference along with booking/convenience fees. PVR tickets are not applicable for customers in non-PVR location cities and cannot be redeemed at the Box Office.
  • 10,000 Bonus Reward Points: These points will be credited in the next billing cycle and can be redeemed for air tickets, movie tickets, mobile recharge, or branded merchandise. They must be claimed within 3 months after the program period ends.

Fees

• Joining Fee: Nil
• Annual Fee: Rs. 199 + GST
• Spend-Based Waiver: The annual fee of Rs. 199 can be waived if Rs. 15,000 is spent in the previous year.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% (plus applicable taxes) on all foreign transactions.
• Interest Rates: 3.5% per month (or 42% annually).
• Fuel Surcharge Waiver: Not applicable.
• Cash Advance Charges: Rs. 300 per Rs. 10,000 withdrawn.

Rewards

• Reward Points Earning:
  • Earn 3x Reward Points per Rs. 100 spent on all retail transactions.
  • Effective 01st June 2025:
    • Reward points can only be earned on utility spends up to ₹35,000 per statement cycle.
    • Reward points earnings against Wallet Load, Fuel, Online skill-based gaming, Insurance, Government, Rent, and Education spends will be discontinued.
• Milestone Feature: Spend Rs. 1,00,000 in a year to get 4 free PVR tickets or 10,000 reward points.
  • Effective 1st June 2025: Spends on Utility, Wallet Load, Fuel, Online skill-based gaming, Insurance, Government, Rent, Education will not be considered when calculating milestone benefits.
  • All transactions settled during the milestone period will be considered for milestone benefits.
• Credit Shield: A credit shield worth Rs. 50,000 is provided for a lost or stolen card against all unauthorized transactions up to 7 days prior to reporting.
• Add-on Card:
  • An additional card facility can be availed for family members, which is issued against the primary card.
  • Add-on cards have all the same features and benefits as the primary card.
  • The primary cardholder can set the spend limit on the add-on card as desired.
  • Spends can be tracked separately for each add-on card.

Rewards Redemption Guide

• Redemption Options:
  • Redeem earned points for various categories such as Movie Tickets (through BookMyShow or PVR), Mobile Recharges, shopping vouchers, and Air Tickets.
  • Use points to shop at selected merchant stores via the PayByPoints Program.
  • Redeem for branded merchandise.
• Cash Redemption:
  • Currently, 1000 Reward Points = Rs. 100.
  • A minimum of 1000 Reward Points is required to initiate redemption in cash.
  • Effective 01st June 2025:
    • Cash value for redemption will be revised from ₹0.10 to ₹0.07 per reward point.
    • A minimum of 2,000 reward points will be required for cash value redemption.
    • For redemption against other categories like vouchers, shopping, etc., 1 reward point = ₹0.10.

Card Eligibility Criteria

• Age: Between 21 Years and 65 Years.
• Income: Above Rs. 3 Lakhs per annum.
• Credit Score: A decent credit score (750 or above) is required.
• Locations: This card is currently applicable only in specific locations: Ahmedabad, Chennai, Bangalore, Delhi (including Gurgaon and Noida), Kolkata, Mumbai, Hyderabad, Navi Mumbai, and Pune.

Card Review

The Kotak Urbane Gold Credit Card was a special card offering several benefits on shopping, dining, and grocery purchases. With no joining fee and a nominal annual fee of Rs. 199, earning 3x reward points for every Rs. 100 spent was considered a great deal. It provided various discount offers, movie vouchers, and a good product catalog for reward point redemption. The PayByPoints feature, allowing shopping at select merchants using reward points, was a significant advantage. It was a good option for new entrants to the world of credit cards who enjoyed shopping and earning rewards. However, it is important to note that this card is indicated as discontinued for new applications.

Important Product Details

• 3x Reward Points per Rs. 100 spent on all retail transactions.
• Milestone benefit: Choose between 4 PVR Tickets or 10,000 Reward Points upon spending Rs. 1 Lakh annually.
• Nil joining fee and a nominal annual fee of Rs. 199.
• Annual fee waiver on spending Rs. 15,000 in the previous year.
• Insurance coverage of Rs. 50,000 for a lost or stolen card.
• Add-on card facility with customizable spend limits and separate tracking.
• Reward points are redeemable for movie tickets, mobile recharges, air tickets, shopping vouchers, and cash.
• High interest rate of 3.5% per month (42% annually).
• 3.5% foreign currency markup fee.
• No fuel surcharge waiver.
• Upcoming changes (effective June 1, 2025) will discontinue reward points on certain spend categories (Wallet Load, Fuel, Insurance, etc.) and revise cash redemption value.

Other Details

• Application Process:
  • Online Mode: Click on the "Apply Now" button, fill in details, and submit documents.
  • Offline Mode: Visit the nearest bank branch, fill out the application form, and attach required documents.
• Historical Program Change: Effective 9th October 2012, the Milestone program benefit changed from 1 free IndiGo ticket to 4 free PVR tickets.
• General Bank Notice: Customers may experience website downtime on 28th June 2026 between 01:00 AM - 05:00 AM due to scheduled server maintenance activity.