Kotak Mahindra Bank is set to launch the Solitaire Credit Card, a premium, invite-only offering tailored for its elite clientele. This move comes as the bank resumes its credit card issuance following the lifting of a 10-month ban by the Reserve Bank of India.
Key Features of the Kotak Solitaire Credit Card
- Eligibility: Exclusively available to Solitaire customers, defined as individuals maintaining a Total Relationship Value (TRV) of ₹75 lakh in savings accounts or ₹1 crore in current accounts.
- Annual Benefits: Cardholders can expect benefits valued at approximately ₹2.5 lakh annually.
- Reward Program:
- Earn 10% reward points on flight and hotel bookings made through MB Embark.
- Receive 3% reward points on other expenditures, including advance tax payments.
- Redemption Options: Points can be redeemed for up to six domestic and two international flight tickets, as well as various vouchers.
- Forex Benefits: Enjoy zero foreign exchange markup on international transactions.
- Luxury Perks: Benefit from exclusive offers at ITC Hotels, such as booking two nights and paying for only one.
- Lounge Access: Unlimited access to both domestic and international airport lounges, with provisions for family members and guests.
- Airline Transfer Program: An airline transfer program is anticipated to launch soon, enhancing the card’s travel benefits.
The Solitaire Credit Card is poised to rival other premium cards like the HDFC Infinia and ICICI Times Black Credit Card, offering a suite of high-end benefits to meet the sophisticated needs of high-net-worth individuals.