Kotak Credit Cards devaluation from Aug 1st 2023

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Deal Cadet
suhasa010

From 01/08/23, on min. spends of INR 60,000 in a calendar quarter with your Kotak Credit Card 8139 you get 2 Domestic Lounge visits in the next quarter. T&C

Absolutely horrible for already useless cards!!

This devaluation is applicable on following cards:

  1.     Mojo Platinum
  2.     Royal Signature
  3.     Zen Signature
Expired
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Trailblazer Trailblazer
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Y mojo it's a paid card right 1k fees

Deal Cadet Deal Cadet
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Many new to bank customers got it free and also those who got retained after trying to cancel the card (including me) got it LTF.

Deal Cadet Deal Cadet
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Nothing for international lounges?

I have plenty of cards for domestic lounges.. Zen is the one I was keeping for international lounge access. 

Finance Ninja Finance Ninja
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Nice more, hope other banks will soon follow.

Aise 5 mahine pahele he maine suggestion diya tha. Uday Kotak (Kotak Bank Founder & CEO) aise bhi kuch jada he active rahete hai twitter par, shayad tweet padh liya hoga. 😛😛

tstert

Finance Mentor Finance Mentor
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Ouch @ icici cause poor rewards on top of that, spend based lounge access... now it seems 2025 might see customers paying 1% for credit facility instead of RP/CB... @abhishek012

Finance Ninja Finance Ninja
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No, 1% cashback is sufficient for all credit card except co-branded cards.

Premium cards - lounge access should be min. spends of 50k/1 lakh in a calendar quarter to get 2 Domestic Lounge visits in the next quarter.

HNI credit card - Instead of cashback, banks should be Airmiles to HNI credit card holders.
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