Latest news with #SolitaireCreditCard
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Business Standard
4 days ago
- Business
- Business Standard
₹8 Cr credit, 0 forex, VIP lounges-Inside Kotak's invite-only banking club
olitaire isn't something you apply for. You're invited, and that too based not merely on account balances, but on something Kotak calls Total Relationship Value Sunainaa Chadha NEW DELHI Kotak Mahindra Bank on Friday launched Kotak Solitaire—an invitation-only banking experience designed for India's truly affluent families. But unlike premium accounts you can walk in and open, Solitaire isn't for everyone. You don't apply. You're invited. A Banking Experience You Can't Buy Into—Only Belong To 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. 'Solitaire recognizes success, respects ambition, and reimagines what banking should feel like,' said Rohit Bhasin, President - Head of Affluent, NRI, and Business Banking at Kotak Mahindra Bank. Why it matters for affluent families For India's fast-growing wealthy segment, standard banking no longer meets elevated expectations. Through in-depth research, Kotak found affluent customers felt largely invisible—underserved, with fragmented experiences across product lines and little personal recognition. Solitaire seeks to change that with features such as: ₹8 Crore Pre-Approved Credit Lines across home, personal, and credit card loans Family-First Banking, including shared privileges and credit limits Segment-Specific Offerings tailored to salaried professionals and entrepreneurs Dedicated Relationship Managers for high-touch service A unified platform across Kotak's banking, wealth, and insurance products Solitaire Credit Card: The Lifestyle Enabler The invite-only Solitaire Credit Card brings more than luxury—it delivers loyalty rewards and savings designed for families: Zero forex markup, making it ideal for international travel 10% Airmiles on travel spends, with a cap of ₹1 lakh Airmiles per statement cycle Unlimited lounge access, even for add-on cardholders and their guests No annual fee, and generous redemption options across airlines and hotels Fuel surcharge waived for transactions up to Rs 7500 '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.' Solitaire is Kotak's way of saying, 'We see you'—not just your money. But it's not for everyone. You can't apply. You must be invited. And that exclusivity? That's exactly the point. Is it worth it? If you qualify, the benefits are compelling: preferential service, curated offers, significant credit access, and family-first design. For frequent fliers, business families, and those managing multi-asset portfolios, Solitaire may offer more value—and dignity—than legacy wealth programs. But the exclusivity comes at a cost: you can't apply. That means the average high-income earner—even with a seven-figure salary—might not be eligible without deep, multi-layered engagement with Kotak. Still, for India's truly affluent families, Solitaire may be one of the few banking programs that finally speaks their language—discreet, discerning, and deeply personal.
Hans India
5 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.
