Credit Card Rules:
The number of credit card users is growing rapidly in today’s world. Banks often update their rules to keep up with this change. If you use a Kotak Mahindra Bank credit card, this news is very important for you. From June 1, 2025, Kotak Mahindra Bank will make some key changes to its credit card policies. These changes may affect your finances.

Credit Card Rules:
One major update is about reward points. The bank will reduce reward points for certain payments like utility bills, education fees, fuel, insurance premiums, and online gaming. This means you will earn fewer rewards on these transactions. The changes will vary depending on the type of credit card you hold.

Another important change is about interest rates. Starting June 1, the monthly finance charges on many Kotak credit cards will increase. Currently, the interest rate is around 3.5% per month (which is 42% per year). It will increase to 3.75% per month (or 45% per year). For some premium cards like Kotak Privi League Signature, the monthly charge may go up from 2.49% to 3.5%. However, a few premium cards such as Kotak White Reserve and Kotak Solitaire will keep their current rates.

There will also be changes in transaction fees. From June, if your spending exceeds certain limits in categories like education, wallet loading, online gaming, rent, and fuel, the bank will charge 1% extra as a transaction fee. Additionally, there will be a minimum fee of Rs.100 or 1% on the outstanding balance.

If you are a Kotak credit card user, it is important to review these changes and plan your spending accordingly to avoid extra costs.

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