Kotak White Reserve Credit Card
Joining Fee: ₹12,500 + GST
Renewal Fee: ₹12,500 + GST
Reward Type: Reward Points
Rewards Program
White Pass Rewards Structure: The Kotak White Reserve Credit Card introduces a unique reward system, where cardholders earn White Pass Value Upon reaching specific spending milestones. This White Pass Value is highly versatile and can be redeemed for a wide variety of premium rewards.
Minimum Spend Threshold: No White Pass Value is earned on spends below Rs. 3 Lakhs in an anniversary year.
Spend Milestones:
Rs. 3 Lakhs Spent: Unlock Rs. 5,000 in White Pass Value.
Rs. 10 Lakhs Spent: Accumulate Rs. 15,000 in White Pass Value
Rs. 20 Lakhs Spent: Earn Rs. 22,000 in White Pass Value
Rs. 30 Lakhs Spent: Get Rs. 24,000 more in White Pass Value
Rs. 40 Lakhs Spent: Earn Rs. 26,000 in White Pass Value
Rs. 50 Lakhs Spent: Accumulate Rs. 28,000 in White Pass Value
Rs. 75 Lakhs Spent: Earn Rs. 63,000 in White Pass Value reaching 1,83,000 in white pass value
Rs. 100 Lakhs Spent: Get Rs. 67,000 in White Pass Value, allowing you to accumulate up to Rs. 2,50,000 annually on 1 crore spends.
- This milestone-based system ensures that high spenders are significantly rewarded for their loyalty.
Reward Redemption
White Pass Redemption Options: The White Pass Value accumulated through the Kotak White Reserve Credit Card can be redeemed in various ways to suit different preferences:
Gift Vouchers & Merchandise: Redeem White Pass for premium vouchers and products available through the Kotak White Pass Catalog.
Flights & Hotels: Use White Pass Value for flights, hotel stays, and even curated travel expeditions, including exclusive experiences with National Geographic.
Philanthropy: White Pass can also be used for charitable donations, allowing cardholders to give back.
Cashback: Alternatively, White Pass can be redeemed as cashback, though at a slightly reduced rate.
Redemption Rate:
1 White Pass = Re. 1 for most categories in the Kotak White Pass Catalog.
1 White Pass = Rs. 0.70 when redeemed for cashback.
Travel Benefits
Unlimited Lounge Access:
The Kotak White Reserve Credit Card offers unlimited complimentary lounge access at over 1,000 airports worldwide, making it an ideal travel companion. This perk is available to both the primary and add-on cardholders, ensuring convenience and comfort for frequent flyers.
Domestic Lounge Access: Unlimited access to premium lounges at airports across India.
International Lounge Access: Complimentary access to international lounges, providing relaxation during global travels.
Complimentary Club Marriott Membership
Exclusive Marriott Benefits: Cardholders enjoy a complimentary Club Marriott Membership, offering discounts and privileges at over 1,000 restaurants and 350 participating Marriott hotels across the Asia Pacific region. The membership includes:
Dining Discounts: Up to 20% off on food and beverages for up to 10 guests at participating Marriott restaurants.
Hotel Stays: Cardholders receive 2 complimentary certificates for a flat 30% discount on two nights' stays at Marriott hotels in India.
Additionally, get up to 20% off on the best available room rates in India and discounted weekend rates across the Asia Pacific region.
Spa Discounts: Enjoy up to 20% off on selected spa treatments in India.
Dining Certificates: One complimentary certificate offering 50% off on food bills and 30% off on beverages for up to 10 guests at all-day dining restaurants in India.
Concierge Services
Luxury Concierge: With the complimentary concierge service, cardholders gain access to a range of premium services, including:
Personal Shopping Assistance: Help with purchasing luxury items from exclusive brands.
Event Access: Invitations to high-profile events worldwide.
Restaurant Reservations: Securing tables at fine dining restaurants across the globe.
Travel Assistance: Help with booking flights, car rentals, and accommodation.
Golf Privileges
Complimentary Golf Rounds: The Kotak White Reserve Credit Card offers 2 complimentary golf rounds each month at selected golf courses around the world, catering to cardholders with a passion for the sport.
Zero Liability for Lost Card
Fraud Protection: In the event of card theft or loss, the cardholder is not liable for any fraudulent transactions that occur after reporting the loss, ensuring peace of mind for users.
Fuel Surcharge Waiver
1% Fuel Surcharge Waiver: Cardholders enjoy a 1% waiver on fuel surcharge for transactions between Rs. 400 and Rs. 4,000 at fuel stations across India. The waiver is capped at Rs. 4,500 per year, and the add-on cardholders are also eligible for this benefit.
Spend-Based Annual Fee Waiver
Waive the Annual Fee: Spend Rs. 10 Lakhs or more in the previous anniversary year, and the cardholder is eligible for a waiver on the Rs. 12,500 annual renewal fee.
Finance & Forex Charges
Foreign Currency Markup Fee: A low 2% markup on all foreign currency transactions, making it ideal for international travelers.
Interest Rate: 3.5% per month (42% annually).
Cash Advance Fee: Rs. 300 per Rs. 10,000 withdrawn via cash advance.
Summary
The Kotak White Reserve Credit Card is a premium offering tailored for high-net-worth individuals seeking luxurious experiences. With a milestone-based rewards system, cardholders earn White Pass Value, starting at Rs. 5,000 for Rs. 3 Lakhs spent and reaching up to Rs. 2,50,000 for Rs. 1 Crore in annual spending. White Pass can be redeemed for a variety of rewards, including gift vouchers, merchandise, flights, hotels, and even cashback (at Rs. 0.70 per White Pass). The card offers unlimited domestic and international lounge access, a complimentary Club Marriott Membership with dining and hotel discounts, concierge services, and 2 free golf rounds monthly. Additionally, the card comes with a 1% fuel surcharge waiver, fraud protection, and a foreign currency markup of just 2%. The annual fee of Rs. 12,500 is waived on spends of Rs. 10 Lakhs annually. This card competes with other super-premium cards like HDFC Infinia and Axis Magnus, offering a wealth of benefits across travel, dining, and lifestyle categories.