Latest news with #Airmiles
News18
5 days ago
- Business
- News18
Kotak Mahindra Bank Launches New Premium Credit Card; Benefits Here
Last Updated: Kotak Solitaire: The new card Kotak Mahindra Bank offers a wide range of benefits and banking programs to affluent customers. Kotak Mahindra Bank has introduced a new invitation-only premium card named 'Kotak Solitaire', offering extended benefits and a suitable banking program exclusively to India's affluent individuals and families. Kotak Mahindra Bank has curated the Kotak Solitaire as a premium credit card to cater to the high-net-worth individuals (HNIs) who have a long relationship with the lender. An invite-only program, the Kotak Solitaire cannot be availed like regular banking services offered by the bank. However, the eligibility for affluent customers depends on not just the balance in their account, but also the total relationship value maintained over a period, based on deposits, investments, loans, insurance and demat holdings evaluated. Only individuals or families that have a strong relationship and a healthy engagement history with Kotak's financial services ecosystem are eligible for the invitation, making Kotak Solitaire a truly exclusive offering. Invitees get personalised credit lines and curated lifestyle privileges with Kotak Solitaire. The premium card gives you a special experience of the bank's loan and health-based plans, as well as major benefits on insurance and wealth accumulation strategies designed to fulfill your goals and aspirations. The benefits of this premium card include pre-approved credit lines across home loans, personal loans and credit cards of up to Rs 8 crore. If you're a salaried professional or an entrepreneur, you get specifically built financial solutions depending on your needs. The premium card comes with a family-centric model of banking, providing shared credit limits and bundled privileges for all members. Cardholders are assigned dedicated relationship and service managers who ensure the best possible assistance to affluent customers. A one-touch access is provided to Kotak's top services in banking, wealth management, insurance and lifestyle. Other benefits include no annual fees to retain your Kotak Solitaire card. It also comes with unlimited lounge access for the primary cardholder and add-ons. Customers may also receive 10 per cent Airmiles on travel via Kotak Unbox and earn 3 per cent Airmiles on other eligible spends. These can be used for flights and hotels, or transferred to popular hotel and airline loyalty programs. Kotak Mahindra Bank has placed a cap of Rs 1 lakh Air Miles per statement cycle on accelerated categories. Further, cardholders get zero forex markup and fuel surcharge waived on transactions worth Rs 7,500 and more. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
6 days ago
- Business
- Hans India
Kotak Launches Solitaire – An Exclusive, Invite - Only Affluent Banking Program
Kotak Mahindra Bank today announced the launch of Kotak Solitaire, a pioneering banking proposition crafted exclusively for India's truly affluent. This isn't just a product—it's a privilege. Solitaire is invitation-only, reserved for individuals and families with a deep, multi-dimensional financial relationship with Kotak. It's not about account balances—it's about Total Relationship Value across deposits, investments, loans, insurance, and demat holdings offered by the Bank and it is calculated at a family level. 'India's affluent segment is growing rapidly, but their banking experience hasn't kept pace,' said Rohit Bhasin, President - Head of Affluent, NRI, and Business Banking and Chief Marketing Officer at Kotak Mahindra Bank. 'Solitaire is our response to that gap. It's not a product—it's a proposition. Solitaire recognizes success, respects ambition, and reimagines what banking should feel like.' Born from Deep Customer Insight Extensive research revealed a clear disconnect between affluent customers and their banks. They felt invisible, underserved, and emotionally disconnected from their banks. Kotak listened—and built a solution that directly addresses their top pain points: Lack of recognition and personalization Fragmented service across financial products Absence of family-level banking experience Generic offerings that ignore lifestyle and aspirations Solitaire: A New Standard in Affluent Banking Solitaire is more than a set of benefits—it is a reimagined experience that puts the customer and their family at the centre: ₹8 Crore Pre-Approved Credit Lines** across home loans, personal loans, and credit cards Segment-Specific Solutions for salaried professionals and entrepreneurs Family-First Banking with shared credit limits** and privileges Dedicated Relationship & Service Managers for seamless, high-touch support Unified experience to Kotak's best across banking, wealth, insurance^, and lifestyle The Solitaire Credit Card: Designed for Distinction As part of the Solitaire experience, Kotak introduces the Solitaire Credit Card—a reflection of the program's ethos: Invite – only: Exclusively for Solitaire customers No annual fees for Solitaire customers High credit limits Unlimited lounge access for primary and add-ons. Guest travellers also get access to the lounge. Now, the entire family can get lounge access. Earn 10% Airmiles on travel spends via Kotak Unbox and earn 3% Airmiles on other eligible spends with a generous cap of ₹1,00,000 Air Miles per statement cycle on accelerated categories. Big savings for family travel Zero forex markup - One card for all your spends. Fuel surcharge waived for transactions up to Rs 7500 Wide array of redemption options for Airmiles. These include flight bookings, hotels and miles transfer to popular airline and hotel loyalty programs. 'This card doesn't just reward you—it respects your journey,' said Frederick Dsouza, Business Head – Credit Cards. 'It's designed for those who've earned their place at the top—and want their family to enjoy the same level of service and recognition.' Exclusivity Redefined Solitaire is available by invitation only. Customers are invited based on their relationship value and engagement across Kotak's ecosystem. It's a program that prioritizes quality over quantity, and recognition over reach. Solitaire is built on Kotak's legacy of trust and excellence. Kotak Mahindra Bank is one of India's leading financial institutions, trusted by 60% of India's top 100 families* for wealth management. This deep-rooted confidence is what powers Solitaire—a proposition that reflects the aspirations of India's most accomplished individuals and families.
