The Kotak privy League credit card application process took quite long and here’s a quick look at the timeline, Day 1: Applied offline with all required docs. Day 3: Application pushed for processing post some internal approval. Day 6: Physical verification done. Day 16: Card approved and I can see it on mobile app. Post activation i.e. on completion of one transaction over Rs. 500, customer will receive the Myntra e-Gift Voucher on their registered email IDs and mobile number within 30 days of the transaction date. 6. Are there any milestones benefits that cardholders get with Myntra x Kotak Bank Co-branded Credit Card? Yes. Condition for waiver of Annual Fees - Second Year. Annual retail Spends of ₹1,50,000. Add-on card Fees. ₹299. Interest Charges on outstanding Balances. 3.5% (Annualized 42%) Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due) MAD can be 5% or 10% of TAD as decided by the Bank. Disclaimers: As per section 206AA introduced by Finance (No. 2) Act, 2009 w.e.f. 01.04.2010, every person who receives income on which TDS is deductible shall furnish his PAN, failing which TDS shall be deducted at rate of 20% in case resident individuals and domestic companies and 31.2% (plus surcharge wherever applicable) in case of NRO/ foreign company deposits. Link Kotak RuPay Credit Card on UPI. Kotak Mahindra Bank RuPay Credit Cards are now enabled for UPI payments. Enjoy your credit card benefits along with the ease and convenience of transacting on UPI. Seamless transaction experience. Earn reward points. Interest free period for up to 50 days. Link Set PIN Transact FAQ's. *For deposits above 7 days. T&C apply. For detailed terms and conditions, please visit www.kotak.com. ActivMoney (Auto-Sweep) is a facility of automatically sweeping out funds above a pre-specified threshold from your Current Account to a Term Deposit (TD) Account for 180 days. .

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