Kotak's MITC lists the invite-only Private Credit Card at ₹49,000 a year, waived for eligible Kotak Private clients. Fees, waivers and what is still unpublished.
Quick Verdict
TheKotak Private Credit Cardis an invitation-only card with a printed annual fee of₹49,000and nil joining fee, according to Kotak's Most Important Terms and Conditions (MITC). The catch: the same MITC says the annual fee iswaived for eligible Kotak Private clients, so the sticker price is mostly notional and you cannot apply for the card in the usual way.
Our read of the documents: this is a relationship-banking card, not a product you shop for. Kotak's card page tells you to speak to your Relationship Manager or Service Relationship Manager. Neither official page we found gives a launch date, a rewards rate or a lounge list, so we have not guessed at them. Treat anything beyond the fee table as "check with Kotak".
Item | What Kotak's official pages say |
|---|---|
Access | "By Invitation only" |
Joining fee | NIL |
Annual fee | ₹49,000 (waived for eligible Kotak Private clients) |
Add-on card fee | Waived |
Launch date | Not stated on the pages we read |
Whether the fee is worth it is a break-even question. Use ourannual fee breakeven calculatorif you are ever asked to pay it.
What Is the Kotak Private Credit Card?
Kotak's credit card listing describes it as "A Statement in Metal. A World Beyond." and as "the most distinguished expression of privilege and prestige offered by Kotak Mahindra Bank". The card's own page says: "Only 0.0004%* of India will receive the Kotak Private Credit Card." It asks interested customers to connect with their Relationship Manager or Service Relationship Manager, or to register interest through the page.
The MITC lists it beside the Kotak Solitaire card, whose annual fee is ₹25,000 and which is part of the Solitaire programme. So Kotak places Private above Solitaire on printed fee.
Key Terms From the MITC
Term | Kotak Private Credit Card |
|---|---|
Joining fee | NIL |
Annual fee | ₹49,000; waived for eligible Kotak Private clients |
Add-on card issuance | Waived |
Interest on revolved balance | 3.50% a month (42.00% a year) |
Cash advance fee | 1% of the advance amount; interest-free period on cash advances until the payment due date |
Fuel surcharge waiver | Fuel transactions of ₹400 to ₹7,500; maximum waiver ₹10,000 per anniversary year |
Dynamic currency conversion fee | Waived |
Fees on rent, utility, education, wallet loading, online skill gaming, fuel | Not applicable to this card |
Over-limit, auto-debit return, branch cash payment, replacement card | Waived or nil |
Reward earning | Miles earned on transaction amounts in multiples of ₹100; the rate is not in the sections we read |
The pattern is clear: most of the fees Kotak charges on ordinary cards are switched off here. That is useful if you pay rent or utilities by card. It does not tell you what you earn.
How Much Is the Reward Worth?
The MITC says Kotak Private earnsmilesin multiples of ₹100, grouped with the Air and Air+ cards. We could not find the number of miles per ₹100 or any redemption value on an official page. Once you have the rate from your Relationship Manager, work out value with ourcredit card reward value calculator. For how points are valued in general, seehow to calculate the real value of 1 reward point.
Who Should Use It, and Who Should Skip It
Consider it if
you are already a Kotak Private client and the relationship manager offers it, since the annual fee is waived for eligible clients
you want fewer card surcharges on rent, utilities, education and wallet loads
you travel abroad and want the dynamic currency conversion fee waived
Skip it if
you are not a Kotak Private client and would be asked to pay ₹49,000 a year with no published rewards rate
you want a card you can apply for online today
you need a published lounge or milestone list before deciding
If you want a Kotak card you can actually apply for, start with our guide to thebest Kotak credit cards. To understand how waivers work, readannual fee vs joining feeandhow to calculate your breakeven spend.
Related on benchmarksutra
Credit cards in India: every benchmarksutra guide in one place
IndusInd Grande and Pioneer Savings Accounts Get Taj Benefits: Who Qualifies and What to Check
FAQs
How much is the Kotak Private Credit Card annual fee?
Kotak's MITC lists ₹49,000 as the annual fee, with nil joining fee. The MITC also says the annual fee is waived for eligible Kotak Private clients.
Can I apply for the Kotak Private Credit Card?
Not in the normal way. Kotak's page says the card is by invitation only and points customers to their Relationship Manager or Service Relationship Manager.
Is the Kotak Private card the same as Kotak Solitaire?
No. The MITC lists them as separate variants. Solitaire has a ₹25,000 annual fee and is tied to the Solitaire programme; Private is listed at ₹49,000.
Does the card have forex or cash advance charges?
The MITC waives the dynamic currency conversion fee and charges 1% on cash advances, with an interest-free period on them. For a foreign-spend markup, check the current MITC before you travel.
Official Sources and Editorial Note
Terms as of 10 November 2026 and may change. This article is written from official sources and does not rely on third-party wording.
