Kotak launches credit card business with four credit cards

  As reported earlier in my blog Kotak Bank had plans to launch their credit card business by March. Kotak has finally announced the launch of its credit card business in April by releasing four new credit cards.

Kotak’s credit cards include Trump and Fortune Visa Gold Credit Cards, League Visa Platinum card and Royale Visa signature credit card. Despite its late entry into the booming credit card industry, Kotak is confident it will make it to the top five credit card retailers list in three years by issuing over 15 lakh credit cards.

The two gold credit cards will be free for life with no entry fee or annual fee. The other two credit cards will have a one time joining fee.

Various schemes like 3 months interest free EMI’s 10% cash back on movie tickets and restaurant bills and auto encashment of reward points are part of the package.

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