Kotak Credit Card Cash Withdrawal Charges - How To Withdraw Cash From Kotak Credit Card?
Kotak Bank offers a wide range of credit cards with various features and benefits, such as attractive discounts, complimentary memberships, reward points, and more. Therefore, you can choose a credit card based on your requirements, pay the required fees, and start availing the benefits.
Kotak Credit Card Cash Withdrawal Charges
Generally, banks offer a facility to withdraw cash using a credit card. However, they will charge a credit card cash withdrawal fee when you use this facility. Kotak Bank’s credit card cash withdrawal fees range from 2.5% to 3% of the withdrawn amount. The minimum fee requirement ranges from Rs.300 to Rs.500. Moreover, it is essential to note that the cash withdrawal fees will also accrue interest at a rate comparable to the interest applicable to the total withdrawn amount.
Kotak Credit Card Cash Withdrawal Interest Rate
The interest rates applicable to credit card cash withdrawals are higher than those for regular purchase APR (Annual Percentage Rate). Moreover, interest rates will start to accrue immediately after you withdraw cash using the credit card. Please remember that there will not be any grace period. Moreover, additional charges might be applicable depending on the transaction.
So, cardholders should check the terms and conditions minutely, especially interest rates and credit card cash withdrawal charges, before withdrawing cash with their credit cards.
Kotak Credit Card Types and Charges
The joining and annual charges of Kotak Bank credit cards are as follows:
| Credit Card | Joining Charges | Annual Charges |
| PVR INOX Kotak Credit Card | NIL | Rs.499 |
| Myntra Kotak Credit Card | Rs.500 | Rs.500 |
| Kotak UPI RuPay Credit Card | NIL | NIL |
| Kotak IndiGo 6E Rewards Credit Card Online | Rs.700 | Rs.700 |
| Mojo Platinum Credit card | Rs.1,000 | Rs.1,000 |
| Kotak 811 Credit Card | Rs.500 | Rs.500 |
| League Platinum Credit Card | Rs.499 | Rs.499 |
| Indian Oil Kotak Credit Card | RS.499 | Rs.499 |
| White Credit Card | Rs.3,000 | Rs.3,000 |
| Zen Signature Credit Card | Rs.1,500 | Rs.1,500 |
| Kotak PVR Platinum Credit Card | NIL | Rs.999 |
| Kotak IndiGo 6E Rewards XL Credit Card | Rs.2,500 (Rs.1,500 as an introductory fee) | Rs.2,500 (Rs.1,500 as an introductory fee) |
| PVR Kotak Gold Credit Card | NIL | Rs.499 |
| 811 #DreamDifferent Credit Card | NIL | NIL |
| Kotak Infinite Credit Card | NIL | NIL |
| White Reserve Credit Card | Rs.12,500 | Rs.12,500 |
| Kotak Urbane Gold Credit Card | NIL | Rs.199 |
| Kotak Corporate Classic Gold Credit Card | NIL | Rs.1,000 |
| Kotak Corporate Basic Gold Credit Card | NIL | NIL |
| Kotak Corporate Platinum Credit Card | NIL | Rs.999 |
| Royale Signature Credit Card | NIL | Rs.999 |
| Kotak Privy League Signature Credit Card | NIL | NIL (Rs.2500 for Privy League - Paid Card) |
| Corporate Wealth Signature Credit Card | NIL | NIL |
| NRI Royale Signature Credit Card | NIL | Rs.1,000 |
| Best Price Card | NIL | NIL (Rs.999 for BestPrice-Premium) |
| Biz Credit Card | Rs.299 | Rs.499 |
| METRO Kotak Credit Card | NIL | NIL |
Kotak Credit Card Annual Charges
You can apply for a wide range of credit cards from Kotak Bank, ranging from entry-level to premium. But do not forget that you will have to pay an annual card fee every year to continue using the credit card, as provided in the table in the above section. However, Kotak Bank waives the annual charges for the below credit cards if cardholders fulfil certain terms and conditions:
| Kotak Credit Card | Annual Fee | Annual Fee Waiver |
| Myntra Kotak Credit Card | Rs.500 | Applicable for the first year on spends of a minimum of Rs.2 lakh in a financial year |
| Mojo Platinum Credit card | Rs.1,000 | Applicable for the first and second years on annual retail spends of Rs.1 lakh |
| Kotak 811 Credit Card | Rs.500 | Applicable on spends of a minimum of Rs.50,000 |
| League Platinum Credit Card | Rs.499 | Applicable for the first and second year on annual retail spends of Rs.50,000 |
| Indian Oil Kotak Credit Card | Rs.499 | Applicable for the first year on spends of a minimum of Rs.50,000 |
| Zen Signature Credit Card | Rs.1,500 | Applicable for the first and second years on annual retail spends of Rs.1.5 lakh |
| White Reserve Credit Card | Rs.12,500 | Applicable on annual spends of a minimum of Rs.10 lakh |
| Kotak Urbane Gold Credit Card | Rs.199 | Applicable for the first and second years on minimum retail spends of Rs.15,000 |
| Royale Signature Credit Card | Rs.999 | Applicable for the first and second years on annual retail spends of Rs.1 lakh |
Kotak Credit Card Late Payment Charges or Overdue Charges
When a credit card holder fails to pay the minimum due amount with respect to their credit card bills, late payment charges will be applicable along with the interest rates depending on the outstanding amount. The charges vary depending on the type of credit card.
The following table provides the details of the late payment charges for most cards:
| Total Outstanding Amount | Late Payment Charges |
| Below Rs.100 | NIL |
| Rs.101 to Rs.500 | Rs.100 |
| Rs.501 to Rs.5,000 | Rs.500 |
| Rs.5,001 to Rs.10,000 | Rs.600 |
| Rs.10,001 to Rs.25,000 | Rs.800 |
| Rs.25,001 to Rs.50,000 | Rs.1,000 |
| More than Rs.50,000 | Rs.1,200 |
Kotak Credit Card Closing Charges
There are no charges levied by the bank for closing a Kotak credit card. However, the bank will cancel the credit card only when all the pending dues and charges are paid. You can pay the balance due either as a lump sum or in installments.
How to Withdraw Cash Using a Kotak Credit Card?
Follow these steps to withdraw cash using the Kotak Credit Card:
Step 1: Visit your nearest ATM and insert your credit card at its designated place. It is advisable you visit the ATM of Kotak Bank itself.
Step 2: Choose a language with which you wish to proceed.
Step 3: Provide all necessary details, including PIN. Insert the cash amount you wish to withdraw.
Step 4: You will receive the cash instantly. Collect it and take out your credit card from the designated space in the machine to complete the transaction.
It is important to know about Kotak credit card cash withdrawal charges as it helps one plan their finances better. There are several benefits associated with Kotak credit cards. The best benefit is that you can get hold of cash during financial emergencies anytime and anywhere.
Related Articles:
1. HDFC Credit Card Cash Withdrawal Charges
2. SBI Credit Card Cash Withdrawal Charges
3. ICICI Credit Card Cash Withdrawal Charges
4. Axis Bank Credit Card Cash Withdrawal Charges
5. Credit Card Cash Withdrawal Charges
Other Kotak Bank Pages:
1. Kotak Bank Mobile Banking
2. Kotak Credit Card Cash Withdrawal Charges
3. Kotak Bank FD Calculator
4. Kotak Bank FD Interest Rates
Frequently Asked Questions
Quick Summary
Kotak Bank offers a variety of credit cards with different features and charges. Cash withdrawal fees are 2.5% to 3% with minimum charges of Rs.300 to Rs.500 and immediate interest accrual. Annual fees vary per card type. Late payment charges depend on outstanding amounts. No closing charges are applicable.
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