Author
LoansJagat Team
Read Time
11 Min
20 Mar 2025
You're at a luxury mall, indulging in a shopping spree. You buy premium apparel, stylish watches, and high-end skincare products. The total bill? ₹50,000. You confidently swipe your Kotak Zen Signature Credit Card and earn 10 Zen Points for every ₹150 spent, which means you rack up over 3,333 Zen Points instantly.
This is just one of the many perks this card offers. Let’s see what makes this credit card an excellent choice for shopaholics and frequent travellers alike.
The Kotak Zen Signature Credit Card is suited for most shoppers who wish to receive bountiful rewards on lifestyle spending, clothing, jewellery, and department store expenses. It also provides free lounge access and a milestone rewards program, making
it a multi-purpose card for shopping and travel.
1. Reward Points on Every Spend
2. Milestone Rewards
3. Lounge Access & Travel Benefits
4. Fuel Surcharge Waiver
5. Railway Surcharge Waiver
The Kotak Zen Signature Credit Card is primarily a rewards-based card rather than a cashback card. The points accumulated can be redeemed for a variety of options, including:
Example:
If you spend ₹6 lakh in a year, you can earn:
Category | Details |
Joining & Annual Fees | Joining Fee: ₹1,500 Annual Fee: ₹1,500 (waived if you spend ₹1.5 lakh annually) |
Interest Charges | 3.5% per month (42% per annum) |
Late Payment Fee | ₹100 for balances ≤ ₹500 ₹500 for balances ₹500 - ₹10,000 ₹700 for balances > ₹10,000 |
Cash Withdrawal Charges | ₹300 per withdrawal + interest charges |
Resident Status: Indian resident
Income Proof: Salary Slips, IT Returns, Form 16
When choosing a credit card, it's essential to check its advantages and limitations. The Kotak Zen Signature Credit Card is an excellent option for shoppers and frequent travellers. But, like all financial products, it has some trade-offs.
Let's discuss its pros and cons in detail, using numerical examples to help you understand the benefits and drawbacks more clearly.
1. High Rewards on Shopping & Lifestyle Spends
The most significant advantage of the Kotak Zen Signature Credit Card is its reward structure, which heavily favours shopping and lifestyle purchases. You earn:
5 Zen Points per ₹150 spent on all other categories (except fuel, EMI, and cash spends)
Example:
Suppose you spend ₹50,000 per month on lifestyle goods and apparel. Your annual spend would be:
₹50,000 × 12 = ₹6,00,000
Your Zen Points earned would be:
₹6,00,000 ÷ ₹150 × 10 = 40,000 Zen Points
Value of Zen Points:
This means you effectively get ₹8,000 back in rewards on your shopping spend
For shoppers who frequently purchase lifestyle goods, this card offers one of the highest reward rates in its segment.
2. Complimentary International & Domestic Lounge Access
Frequent travellers will appreciate the free lounge access offered by this card.
Example:
A typical lounge access fee at international airports can cost ₹2,000-₹4,000 per visit. If you use your 3 international visits, you save:
3 visits × ₹3,000 = ₹9,000 saved annually
Similarly, domestic lounges typically charge ₹800-₹1,500 per visit. If you use all 8 free visits, you save:
8 visits × ₹1,000 = ₹8,000 saved annually
Total savings on lounge access per year: ₹17,000 (International + Domestic lounges).
This is a valuable benefit for travellers, making the airport experience more comfortable and cost-effective.
3. Milestone Benefits with Bonus Points
The Kotak Zen Signature Credit Card rewards loyal users with additional bonus points upon reaching specific annual spending milestones.
Example:
If you spend ₹6,00,000 annually, you earn:
Value of 55,000 Zen Points:
55,000 × ₹0.20 = ₹11,000 in rewards
This means your effective reward rate increases as you hit spending milestones, making it one of the best reward-based cards for shoppers.
4. Fuel & Railway Surcharge Waivers
Even though fuel spending does not earn rewards, the card helps you save on fuel surcharges and railway booking fees.
Example:
If you spend ₹5,000 per month on fuel, your total fuel spent in a year = ₹60,000.
Your fuel surcharge waiver will be:
1% of ₹60,000 = ₹600 saved annually
Similarly, if you book ₹20,000 worth of train tickets via IRCTC, your savings will be:
1.8% of ₹20,000 = ₹360 saved annually
Total savings on fuel & railways: ₹960 per year
This feature offers significant savings for people who frequently travel via train and refuel regularly.
5. Reasonable Annual Fee with Waiver Condition
Example:
If you spend ₹1,50,000 in a year, you’ll earn:
Total savings = ₹3,500, more than double the annual fee.
1. No Rewards on Fuel, EMI, or Cash Transactions
Example:
If you spend ₹50,000 per year on fuel, you get 0 Zen Points.
Meanwhile, other cards offer 1-2% cashback or reward points on fuel spending.
If fuel and EMI spending make up much of your expenses, this may not be your best card.
2. No Cashback Benefits
Example:
If you spend ₹50,000 annually on online shopping, a cashback card offering 5% will give:
₹50,000 × 5% = ₹2,500 cashback
This card may not be ideal for users who prefer direct cashback instead of rewards.
3. No Free Add-on Card
If you want to share benefits with family members, a card with free add-ons might be a better choice.
Who Should Get This Card?
Who Should Avoid This Card?
If you shop frequently and travel occasionally, the Kotak Zen Signature Credit Card is an excellent choice with high rewards and valuable perks. However, you may want to explore other options if cashback, fuel rewards, or EMI benefits are a priority.
Step 1: Visit Kotak Mahindra Bank’s Official Website
Head to www.kotak.com and go to the ‘Credit Cards’ section.
Step 2: Select Kotak Zen Signature Credit Card
Click on the card to view its features and benefits.
Step 3: Click ‘Apply Now’ & Fill Out the Application Form
Enter your personal and income details, then upload the required documents.
Step 4: Submit the Application & Wait for Approval
You’ll receive an acknowledgement via SMS/email. The bank will review your application and verify your documents.
Step 5: Receive Your Card
Upon approval, your credit card will be dispatched within 7-10 business days.
Feature | Kotak Zen Signature Credit Card | HDFC Regalia Credit Card | SBI Prime Credit Card |
Best Suited For | Shopping & Rewards | Travel & Dining | Shopping & Travel |
Joining Fee | ₹1,500 | ₹2,500 | ₹2,999 |
Annual Fee | ₹1,500 (Waived off on ₹1.5L annual spend) | ₹2,500 (Waived off on ₹3L annual spend) | ₹2,999 (Waived off on ₹3L annual spend) |
Reward Points | - 10 Zen Points per ₹150 on lifestyle, apparel, departmental stores & jewellery - 5 Zen Points per ₹150 on other spends | - 4 Reward Points per ₹150 spent - 5X points on travel & dining | - 10 Reward Points per ₹100 spent on dining, groceries & movies - 2 RP per ₹100 spent on other categories |
Welcome Benefits | 1,500 Zen Points on joining | 2,500 Reward Points for joining | ₹3,000 worth of gift vouchers |
Milestone Benefits | - 7,500 Zen Points on ₹3L spend - 15,000 Zen Points on ₹6L spend | 10,000 RP on ₹5L spend | ₹7,000 travel vouchers on ₹5L annual spend |
Lounge Access | - 3 International Priority Pass Lounge Access (annually) - 8 Domestic Lounge Access (2 per quarter) | - 12 International Lounge Access - 12 Domestic Lounge Access | - 4 International Lounge Access - 8 Domestic Lounge Access |
Fuel Surcharge Waiver | 1% (₹500-₹3,000 transactions, max ₹3,500/year) | 1% (₹400-₹5,000 transactions) | 1% (max ₹250/month) |
Railway Surcharge Waiver | - 1.8% on IRCTC website - 2.5% at Railway Counters | N/A | N/A |
Foreign Exchange Markup | 3.5% | 2% | 3.5% |
Eligibility Criteria | ₹4.8L annual income | ₹12L annual income | ₹6L annual income |
Interest Rate | 3.5% per month (42% annually) | 3.49% per month (41.88% annually) | 3.5% per month (42% annually) |
Late Payment Fee | - ₹100 (Balance ≤ ₹500) - ₹500 (₹500-₹10,000) - ₹700 (Above ₹10,000) | ₹750 (if balance is above ₹25,000) | ₹400-₹1,300 (Based on bill amount) |
Example:
Suppose you spend ₹3,00,000 annually on shopping, travel, and dining. Here’s how the rewards compare:
Credit Card | Total Reward Points Earned | Equivalent Value (₹) |
Kotak Zen Signature (₹3L annual spend) | 7,500 bonus + 20,000 (regular spend) = 27,500 Zen Points | ₹5,500 |
HDFC Regalia (₹3L annual spend) | 12,000 Reward Points | ₹6,000 |
SBI Prime (₹3L annual spend) | 25,000 Reward Points | ₹6,250 |
Kotak Zen Signature Credit Card is best for shoppers who frequently buy apparel, jewellery, and lifestyle goods. HDFC Regalia is great for travel perks, while SBI Prime offers well-rounded rewards for shopping and dining.
The Kotak Zen Signature Credit Card is excellent for shopping enthusiasts and frequent travellers. With 10 Zen Points per ₹150 spent, a milestone bonus, and complimentary lounge access, this card rewards you for every purchase. The fee waiver on spending ₹1.5 lakh annually makes it even more attractive. If your expenses align with its rewards structure, this card can maximize your benefits while keeping costs low.
1. How can I redeem Zen Points?
You can redeem them for cash, travel bookings, mobile recharges, movie tickets, and merchandise.
2. Does this card offer cashback?
No, it is a reward-based card with Zen Points instead of cashback.
3. What is the validity of Zen Points?
Zen Points are valid for 1 year from the date of accrual.
4. Can I get an annual fee waiver?
Yes, the ₹1,500 annual fee is waived if you spend ₹1.5 lakh in a year.
5. Does this card cover international lounge access?
Yes, it provides 3 complimentary international lounge visits per year.
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LoansJagat Team
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