Kotak Mahindra Bank is a leading lender that offers a variety of credit cards to customers. It intends to target every segment of the market and provide credit cards accordingly. In addition, the bank provides cards in a variety of categories, ranging from basic to premium. Furthermore, by using the credit card frequently and paying off the bills on time, Kotak Mahindra Bank credit card limit can be increased. You can enjoy a variety of dining, travel, and other perks here.
Keep reading the article to understand in depth “ How to Increase the Kotak Mahindra Bank Credit Card Limit”?
Benefits of Kotak Mahindra Bank Credit Card
Before delving deeper, it is important to understand the benefits of the Kotak Mahindra Bank Credit Card as you should be aware of its advantages. The Kotak Bank Credit Card offers a plethora of benefits that cater to various customers’ needs. The following are the key points that best describe the advantages of using the Kotak Mahindra Bank Credit Card:
- It provides 4% interest per annum.
- After the application is approved within a few working days you will get your physical credit card.
- You will get the virtual credit card instantly and begin using it until you receive the physical card.
- The Kotak Mahindra Bank Credit Card provides benefits for dining, traveling, movies, etc.
- You will have the opportunity to earn exciting rewards.
- It offers an instant cashback option.
- Bonus reward points of up to 30,000 on annual retail spending of up to $8 lacs.
- Get two complimentary airport lounge visits in India.
- Get an annual fee waiver if you spend Rs. 1 lac per year.
- Get gift vouchers for premium brands.
- Fuel surcharges are waived at all petrol pumps in India.
- While shopping for groceries, you can save a lot of money.
How do Increase the Kotak Mahindra Bank credit card limit?
According to Kotak Mahindra Bank, it is entirely up to the bank how much the credit card limit of an individual requires to be increased depending on several factors that influence discretion, such as pay slips, bank statements, income tax returns, and so on.
The customer is required to submit all of these documents, which are then evaluated by the bank. Following that, the bank decides how much of the credit limit should be increased. The credit limit will then be communicated to the cardholder. But how can you increase the credit limit? To increase the credit limit, the cardholder must write to the bank and request an increase. Then, as previously stated, some documents must be submitted.
I’ve listed a few points to consider if you want to increase your credit limit:
- Make the most of your Kotak Mahindra Bank Credit Card. It will notify the bank that you are a frequent user.
- Pay off all of your bills on time. It protects your credit score and fosters trust in the authorities.
- If your earnings have increased. You can request an increase in your credit limit by providing proof of your income to the bank.
These methods will assist you in increasing your Kotak Mahindra Bank credit limit. You can call the bank and request an increase in your credit limit, or the bank will call you and inform you that you can increase your credit limit if they believe you are eligible.
Conclusion
Kotak Mahindra Bank offers credit cards that are intended to provide a variety of benefits that can help you in your daily life. It is concerned about customer issues, which is why it offers 24-hour customer service. If you have any questions or need assistance, please contact them at 1860-266-2666.
