JK Bank Credit Card – Unlock Exclusive Benefits & Rewards

Anurag, a young Srinagar professional, wanted to furnish his new flat but was worried about how he would pay for it. He decided to apply after learning about the J&K Bank Platinum Credit Card. Anurag used the ₹4,000 welcome bonus from the card, which was available across high-end brands, to buy necessities for the home.

The J&K Bank Platinum Credit Card’s reward scheme is one of its noteworthy features; cardholders receive one reward point for every ₹200 spent, excluding cash withdrawals and fuel purchases. Every reward point is worth ₹1.

For example:

Total Monthly Spending: ₹20,000

Reward Points Earned: ₹20,000 ÷ ₹200 = 100 points

Monetary Value of Points: 100 points  × ₹1 = ₹100

Anurag received ₹100 in reward points that month by using his J&K Bank Platinum Credit Card for routine expenses. He could then use these points to make future purchases. This function not only helped him save money, but it also motivated him to better control his spending.

Key Highlights of JK Bank Credit Card

A wide variety of credit cards are available from Jammu and Kashmir Bank to meet different financial demands. Here are a few key highlights to consider:

1. Welcome Benefits:

• Platinum Credit Card: New users receive welcome offers worth ₹4,000 across premium brands.

   

2. Reward System:

• Earning Points: Cardholders earn 1 reward point for every ₹200 spent, excluding fuel purchases and cash withdrawals.

• Point Value: Each reward point is equivalent to ₹1, effectively offering a 0.5% cashback rate.

   

3. Cash Withdrawal Facility:

• Access up to 20% of your total credit limit as cash, providing liquidity when needed.

   

4. EMI Conversion:

• Convert large purchases into manageable EMIs, making it easier to handle big-ticket expenses.

   

5. Global acceptance

• J&K Bank credit cards are widely accepted, ensuring seamless transactions both domestically and internationally.

   

Features of JK Bank Credit Card

Here are a few features of the J&K Bank credit card to consider:

JK Bank Credit Card Cashback and Rewards

Through a well-organised rewards program, Jammu & Kashmir Bank provides its credit cardholders with a fulfilling experience. Here's an overview:

Reward Points System:

• Earning Points: Cardholders earn 1 reward point for every ₹200 spent on their J&K Bank Credit Card, excluding fuel purchases and cash withdrawals. 
• Point Value: Each reward point is equivalent to ₹1, effectively offering a 0.5% return on eligible spends. 

• Validity: Accumulated reward points are valid for 3 years from the date of the transaction, allowing ample time for redemption.

   

Redemption Process:

• Platform: Cardholders can redeem their points through the J&K Bank Rewards Portal, which offers a variety of products and services.

• Minimum Threshold: A minimum of 500 reward points is required to initiate redemption. 

   

Additional Benefits:

• Fuel Surcharge Waiver: While fuel purchases don't earn reward points, cardholders enjoy a fuel surcharge waiver on transactions, subject to a maximum fuel purchase of ₹5,000 per month.

   

What Is A Surcharge Waiver And How It Works?

A surcharge waiver on J&K Bank Credit Cards means that cardholders don’t have to pay the extra fuel surcharge fee (typically 1% to 2.5%) when refuelling at petrol pumps. This waiver is applicable for fuel transactions up to ₹5,000 per month.

Example:

Anurag uses his J&K Bank Credit Card to buy fuel worth ₹3,000. Normally, a 1% surcharge (₹30) would be added, making his total ₹3,030. However, with the surcharge waiver, he only pays ₹3,000, saving ₹30.

JK Bank Credit Card Fees and Other Charges

Credit Card Fees and Charges:

Interest rate for EMI

Note: GST is applicable on EMI interest.

The charges are subject to change. Any change in fees or charges will be effective only with prior notice of at least one month to the customer. If a cardholder wishes to surrender the card due to a change in fees or charges to their disadvantage, they can do so without any extra charges, provided all dues are cleared.

JK Bank Credit Card Pros and Cons

A range of credit cards, each with unique pros and cons, are available from Jammu & Kashmir Bank to consider what is beneficial for you. Here's a quick overview: 

Pros:

• Reward Points: Earn 1 reward point for every ₹200 spent; each point equals ₹1. 
• Flexible Credit Options: Benefit from a credit-free period of 20 to 50 days and access up to 20% of your credit limit as cash. 
• EMI Facility: Convert significant purchases into manageable EMIs. 

• Global Acceptance: Use your card internationally for smooth transactions. 

   

Cons:

• Limited Add-On Features: Some cards lack perks like domestic or international lounge access. 

• No Cashback Offers: Currently, there are no direct cashback programs associated with J&K Bank credit cards.

   

Eligibility Criteria for JK Bank Credit Card

Required Documents to Apply for JK Bank Credit Card

How to Apply for a JK Bank Credit Card

Here is a step-by-step guide to apply for J&K Bank Credit Card:

Online Application:

Step 1: Click on the link to access the J&K Bank Credit Card website.
Step 2: Click on "Apply for Credit Card."
Step 3: You will be redirected to a new page.
Step 4: On this page, fill out the application form with your details.
Step 5: Choose between applying for a "Normal Credit Card" or a "Card against FD."
Step 6: Enter your operative account number and date of birth.
Step 7: Click on "Generate OTP" to receive the one-time password.

Offline Application:

Step 1: Go to your nearest J&K Bank branch.

Step 2: Request a credit card application form from the bank representative.

Step 3: Fill in the necessary details carefully.

Step 4: Provide the completed form along with the required documents. The bank will process your application and inform you about the next steps.

JK Bank Credit Card Customer Care

If you need assistance with your J&K Bank credit card, you can reach their customer care through the following channels:

24-Hour Customer Care Helpline:

• Toll-Free Number: 1800 890 2122
  
• Alternative Numbers: +91-194-2481936 / 2482463
  
  

These lines are available 24/7 for reporting lost or stolen cards, billing enquiries and other credit card-related services.

Email Support:

• General Inquiries: jkbcustomercare@jkbmail.com
  

• Grievance Redressal: grievance.redressal@jkbmail.com

   

For detailed information, you can visit the official J&K Bank contact page.

Conclusion

J&K Bank credit cards provide a variety of financial flexibility and rewards, catering to diverse customer needs. With benefits like a 20-50-day interest-free credit period, EMI conversion options, and a comprehensive rewards program, cardholders can manage their finances effectively while enjoying various perks. 

Additionally, the cards are widely accepted globally, enhancing their utility for international transactions. However, potential applicants should consider aspects such as limited add-on features and the absence of direct cashback offers. To understand more about this and to choose a card that aligns with your financial goals, visit the official J&K Bank credit card page.

Frequently Asked Question

Q. Does a prior relationship with the bank help the user’s eligibility for a credit card?

Before applying for a credit card, applicants do not need to retain a previous relationship with Jammu and Kashmir Bank. However, the application process will be rather simple for applicants with a previous relationship. For example, while applying for a credit card, consumers may not need to resubmit their PAN information or KYC documents.

Q. Who can apply for Jammu and Kashmir Bank credit card?

Indian citizens who are at least 21 years old and earn at least Rs. 80,000 from a job or Rs. 1.50 lakh from self-employment are eligible to apply for a Jammu and Kashmir credit card.

Q. What is the annual fee or renewal fee on Jammu and Kashmir credit card?

The annual cost is 400 rupees plus the relevant GST.

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