Kotak Veer Platinum Credit Card
Kotak Mahindra Bank
Last updated: Feb 03, 2026
₹299
₹0
3.5%
No lounge access
Contents
Kotak Veer Platinum Credit Card is a RuPay credit card specially designed for India’s armed forces personnel, offering extra reward points on everyday expenses like dining, movies, groceries and departmental stores. With no joining fee, a low annual fee and a clear spend-based waiver at ₹50,000 a year, it is positioned as a value-for-money rewards card. Cardholders also enjoy 1% fuel surcharge waiver, railway surcharge waivers and basic insurance protection on lost or stolen cards. As per Kotak’s official communication, the card is currently discontinued for new applications, but the features remain relevant for existing Kotak Veer Platinum Credit Card holders.
Features of Kotak Veer Platinum Credit Card which makes it unique
Exclusive Armed Forces Proposition
Specially curated for India’s armed forces personnel with focused benefits on daily family expenses.
Rewards on essential categories like groceries, dining and entertainment instead of niche luxury spends.
More relevant for defence households than many generic entry-level rewards cards.
Surcharge Savings on Travel and Fuel
Fuel and railway surcharge waivers help reduce hidden costs while travelling or commuting.
Better real-world savings on trains and fuel compared to some basic cards that do not offer such waivers.
Strong value for frequent rail travellers among armed forces families.
Low Annual Fee with Simple Waiver
Nominal annual fee of ₹299 with a clear ₹50,000 yearly spend milestone for waiver.
Easy to make the card effectively free if used regularly for monthly household and fuel spends.
Simpler and lower fee structure than many mid-range lifestyle cards.
Rewards Structure of Kotak Veer Platinum Credit Card
Dining, Movies, Grocery & Departmental Stores
acceleratedEligible spends at restaurants, movie theatres, supermarkets and departmental stores.
Ideal for armed forces personnel who spend regularly on family dining, entertainment and essential household shopping.
Other Retail Spends
acceleratedAll other eligible domestic and international retail transactions except excluded categories.
Ensures that day-to-day card usage on miscellaneous expenses still earns base Veer reward points.
Reward Point Value
baseWhen redeeming Veer reward points through Kotak’s rewards portal.
Points can usually be redeemed for vouchers, merchandise, bill payments and more; value per point may change as per Kotak’s 2025 rewards update.
Milestones of Kotak Veer Platinum Credit Card
Annual Fee Waiver Milestone
₹50,000 in a card anniversary year : Full waiver of the next year’s ₹299 annual fee.
Fees & Charges of Kotak Veer Platinum Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | 0 |
| Annual Fee | ₹299 |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 3.5% |
| Late Payment Fee | ₹700 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹500 |
| Cash Withdrawal Fee | ₹300 |
Renewal Conditions:Annual fee of ₹299 + taxes is waived on retail spends of ₹50,000 in the previous year.
Fee Explanation Interest is typically charged at 3.5% per month (42% annually) on revolving balances. ATM cash withdrawals attract a flat fee (around ₹300 per transaction) plus finance charges from the transaction date. Foreign currency transactions usually carry a 3.5% markup on the converted amount. Fuel and railway surcharge waivers are available but subject to annual caps and updated Kotak fee policies from June 2025; check your latest statement and MITC for exact slab-wise charges and new 1% transaction fees on select high-value categories.
Detailed Explanation of Kotak Veer Platinum Credit Card Fees
Late Payment Fee: ₹100–₹700 slab-wise (statement)
Varies with total outstanding; up to ₹700 for higher outstanding balances.
Overlimit Fee: ₹500 (event)
Charged when total outstanding exceeds the assigned credit limit.
Cheque / Auto-debit Return Fee: ₹500 (event)
Charged if payment instruction is returned or dishonoured.
Fuel Surcharge Waiver: 1% waiver (calendar year)
Available at fuel stations across India, subject to cap (commonly up to ₹3,500 per year) and new 1% fee thresholds on high fuel spends as per latest Kotak rules.
Railway Surcharge Waiver: 1.8%–2.5% waiver (calendar year)
1.8% waiver on IRCTC website bookings and 2.5% waiver on Indian Railways booking counters, usually capped around ₹500 per year.
Joining Fee: ₹0 (one-time)
No joining fee is charged for Kotak Veer Platinum Credit Card.
Annual Fee: ₹299 + taxes (yearly)
Waived when annual retail spends in the previous year are at least ₹50,000.
Finance Charges: 3.5% per month (42% annually) (monthly)
Applied on revolving balances, cash advances and unpaid dues as per statement.
ATM Cash Withdrawal Fee: ₹300 per transaction (approx.) (transaction)
Finance charges accrue from the date of withdrawal; limits and exact fee may vary as per latest MITC.
Foreign Currency Markup: 3.5% of transaction value (transaction)
Applied on the INR equivalent of overseas transactions plus applicable taxes.
Lounge Access Benefits with Kotak Veer Platinum Credit Card
domestic Lounges
silverVisits per year: 0
Guest access: No
No complimentary domestic airport lounge access is bundled with Kotak Veer Platinum Credit Card.
international Lounges
silverVisits per year: 0
Guest access: No
No complimentary international lounge access is available on this card.
Insurance Coverage with Kotak Veer Platinum Credit Card
Credit Shield / Lost Card Liability
Up to ₹1,25,000Coverage typically applies for fraudulent transactions after loss or theft reporting as per Kotak’s terms. Exact claim process and eligible scenarios should be checked in the latest MITC.
Additional Features of Kotak Veer Platinum Credit Card
Free Add-on Cards
Get complimentary add-on cards for eligible family members with shared benefits and limits.
Add-on holder must be at least 18 years old and meet Kotak documentation requirements.
RuPay Contactless
Tap-and-pay enabled RuPay contactless card for quick small-ticket payments.
Contactless limits and PIN-less thresholds depend on NPCI and Kotak guidelines.
EMV Chip & PIN Security
EMV chip with mandatory PIN for in-person transactions to reduce fraud risk.
Cardholder must keep PIN confidential and promptly report any suspicious activity.
UPI on RuPay Credit Card
Can be linked on eligible UPI apps as a RuPay credit card for secure online and QR-based payments.
Available on supported UPI apps as per latest RBI, NPCI and Kotak policies for RuPay credit cards on UPI.
Welcome Bonus with Kotak Veer Platinum Credit Card
Welcome Bonus: 500 Veer Reward Points
Bonus Conditions: Spend ₹500 within 30 days of card issuance to receive the 500 welcome reward points.
Application Process for Kotak Veer Platinum Credit Card
Processing Time
Typically 5–7 working days after successful verification.
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Visit Kotak Mahindra Bank’s official website or nearest branch to check the latest status of the Kotak Veer Platinum Credit Card.
If applications are open, fill in the online or offline application form with personal, contact and service details.
Upload or submit KYC documents such as PAN, Aadhaar, address proof, income proof and armed forces service ID, as applicable.
Kotak performs credit, income and eligibility checks based on internal policies and external bureau data.
Upon approval, your card is generated, dispatched to your registered address and can then be activated and linked to UPI-supported apps on the RuPay network.
Required Documents for Kotak Veer Platinum Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self_employedAccepted documents:
Armed Forces Proof
armed_forces_applicantsAccepted documents:
Kotak Veer Platinum Credit Card Merchant Acceptance Network
Domestic Acceptance
Widely accepted at most RuPay-enabled POS terminals and online payment gateways across India.
International Acceptance
Usable at overseas merchants that support RuPay credit cards; coverage is improving but may be narrower than Visa or Mastercard in some regions.
Online Acceptance
Supported for e-commerce, bill payments and UPI-based transactions on compatible websites and apps.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Kotak Veer Platinum Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
700+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹25,000
Minimum annual income
Self-Employed Applicants
₹30,000
Minimum annual income
Who Can Apply
Important Conditions
- Primarily designed for Indian armed forces personnel. Applicant should have a stable income, good credit history, and must meet Kotak Mahindra Bank’s internal underwriting criteria and geographic location requirements.
How Approval Is Decided
- Indian resident meeting Kotak’s geography and serviceability locations for Veer cards.
- Primarily serving or eligible armed forces personnel as defined by Kotak Mahindra Bank.
- Minimum age usually 18–21 years and maximum around 65 years for primary cardholders.
- Stable income profile with minimum annual income of about ₹3 lakh or more, depending on Kotak’s latest policy.
- Satisfactory credit history and credit score, commonly around 700 or higher, with no recent major delinquencies.
Pros of Kotak Veer Platinum Credit Card
- No joining fee and low annual fee with a straightforward spend-based waiver.
- 6 reward points per ₹200 on dining, movies, groceries and departmental stores for core household spending.
- Fuel and railway surcharge waivers that reduce effective travel and commute costs.
- Free add-on cards, EMV chip & PIN and RuPay contactless functionality for secure, convenient payments.
- Reward points can be redeemed for vouchers, merchandise and other options through Kotak’s rewards platform.
Cons of Kotak Veer Platinum Credit Card
- Card is currently discontinued for new applicants; only existing Kotak Veer Platinum users can continue to enjoy benefits.
- No complimentary domestic or international airport lounge access.
- Reward rate is modest after the 2025 revision of Kotak reward point value to around ₹0.20 per point.
- Reward points are typically not earned on rent, wallet loads, certain government payments, high-utility spends and other excluded categories.
- Fuel and railway surcharge waivers are capped annually, and new 1% transaction fees may apply on high fuel or utility spends.
Frequently Asked Questions about Kotak Veer Platinum Credit Card
Who is eligible for the Kotak Veer Platinum Credit Card?
The card is primarily targeted at Indian armed forces personnel who meet Kotak’s age, income and location criteria, such as being an Indian resident, typically 18–65 years old with a minimum annual income of around ₹3 lakh and a good credit profile.
What is the welcome bonus on Kotak Veer Platinum Credit Card?
You earn 500 Veer reward points as a welcome bonus when you spend at least ₹500 within 30 days from the date of card issuance, and the points are usually credited after the qualifying transaction posts.
How many reward points do I earn on my spends?
You typically earn 6 reward points per ₹200 spent on dining, movies, groceries and departmental store transactions, and 2 reward points per ₹200 on other eligible retail spends. After Kotak’s 2025 revision, each point is generally valued at about ₹0.20 on redemption.
What are the fees and charges for this card?
There is no joining fee, and the annual fee is ₹299 plus applicable taxes, waived when you spend ₹50,000 or more in the previous year. Finance charges are usually 3.5% per month (42% annually), foreign currency markup is about 3.5%, and there are standard slab-wise late payment fees, overlimit fees and ATM withdrawal charges.
Does Kotak Veer Platinum Credit Card offer airport lounge access?
No, Kotak Veer Platinum Credit Card does not provide complimentary airport lounge access, either domestic or international. It is positioned as a functional household and travel-savings card rather than a premium lounge-access product.
Is Kotak Veer Platinum Credit Card still available for new customers?
Kotak’s official website currently marks the Veer Platinum Credit Card as discontinued for new applications, so fresh customers may not be able to apply. However, existing cardholders can typically continue to use the card as per the latest terms and conditions shared by the bank.
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