It seems airlines have some magic wand with them that enlightens the bank’s credit card business. Surprisingly, Axis woke up with the launch of a co-brand airline card (Vistara) and Kotak too is in the same line, with Indigo. I assume this means Kotak has finally woke up from a long sleep, just like how Axis woke up about ~4 yrs ago.
We are doing a number of things to strengthen our market position in both these businesses”, said Ambuj Chandna, President, Consumer Assets, Kotak Mahindra Bank. So, it is fair to say, right now, we are extremely bullish on the unsecured credit space and the credit card segment. “Unsecured credit is the centre of the plate business for us and the good thing today is the unsecured part of our balance sheet is relatively lighter, which gives us a huge headroom to grow as we try to build a balanced book for ourselves. Here’s a quick look at one of the statement made during the ka-ching card launch, as seen on business standard: Now comes the important news to notice with this launch! If you don’t have the Kotak Ac, never mind, you can still get the card in open market by applying online. To my surprise, even my 1 week old Kotak Ac is pre-approved for the Ka-ching card. If you’ve a Kotak Ac, chances are you’re already pre-approved for this card. So now is perhaps the right time to experience the product, if you ever wanted to. That aside, currently the 6E Rewards XL variant is being issued at 1500 INR (launch offer), instead of 2500 INR and you’ll continue to get the welcome ticket valued at 3000 INR. This is not because HDFC variant is poor, but because there are so many other wonderful cards from HDFC to choose from.Īlso fortunately there are not many Kotak credit cards worthy of holding. If you ever wanted to get a Ka-Ching card, you’ll have to take the Kotak card. Note that HDFC Ka-ching cards are on MasterCard and are not being issued as of now due to the mastercard ban.Ĭoming to the benefits, they are almost similar to what HDFC offers but I see that Kotak cards are slightly better in certain aspects, for ex: rewards on Indigo spends are bit more. Here’s the complete comparison of benefits between HDFC & Kotak Ka-ching cards.īelow are the benefits of Kotak cards, Should you get it? Just like with HDFC, here too there are two variants: 6E Rewards and 6E Rewards XL and they’re powered by visa.
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