Kotak Mahindra Bank Launches the White Reserve Credit Card

Kotak Mahindra Bank Launches the White Reserve Credit Card

Kotak White Reserve Credit Card

Kotak Mahindra Bank has recently come up with a new super premium credit card called “Kotak White Reserve” for its affluent customers.

This stands above the Kotak white card which they launched few years ago. Here’s everything you need to know about the newly launched product.

Features & Benefits

  • Joining/renewal fee: 12,500 INR+GST
  • Welcome benefit: we don’t know yet
  • Renewal fee waiver: 12L spends
  • Rewards: upto 2.5% (milestone system – as below)
  • Lounge access: Unlimited for both primary and add on
  • Golf: 2/month across the world 
  • Membership: Club Marriott
  • Concierge services 

Below are the spend slabs to hit various milestones that gives about 2% on 10L spend and goes upto 2.5% on spends as high as 1 Crore.

Kotak Reserve Milestone

It’s a very good attempt to serve the super premium customers of the Bank. There are certain type of profiles with very high spends for whom this card will be definitely useful.

Also for affluent Kotak customers looking for a premium credit card to stay within Kotak, this card does make sense.

But I don’t see any reason for most other existing super premium credit cardholders to go for this one.

That aside, note that redemption options with these White Pass points is not that attractive except for one or two voucher brands.

Final thoughts

It’s good to see that Kotak Mahindra Bank is concentrating on super premium segment and not just do away with the Kotak White Card that gives about 2.25% on 12L spends.

From the aggressive Kotak Indigo Credit Card promotions that I get even on shareholder communication emails, I can see that the bank is very much into business lately.

Looking at how thing are moving, let’s hope Kotak comes up with more interesting products and also probably speed up their application processing time.

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