Kotak Mahindra Bank has rolled out the Solitaire Credit Card, an exclusive, invite-only offering for its high-net-worth customers. This card is a key component of their new Solitaire banking program, designed to cater to India’s growing affluent segment.
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The Solitaire Credit Card boasts several top-tier benefits:
- No Annual Fees: Solitaire members enjoy the card without any yearly charges.
- High Credit Limits: Tailored for significant spending needs.
- Unlimited Lounge Access: Cardholders, add-on cardholders, and even guests (up to 2 domestic and 2 international guest visits per year) can access airport lounges without limits.
- Accelerated Airmiles: Earn a generous 10% Airmiles on travel spends made via Kotak Unbox, and 3% on other eligible spends. You can earn up to ₹1 lakh worth of Airmiles per statement cycle in accelerated categories.
- Zero Forex Markup: Say goodbye to extra charges on international transactions.
- Fuel Surcharge Waiver: A 1% waiver on fuel transactions up to ₹7,500, with a maximum waiver of ₹10,000 per card anniversary year.
- Flexible Redemptions: Airmiles can be redeemed for flights, hotels, or transferred to popular airline and hotel loyalty programs.
- Exclusive Visa Infinite Benefits: Enjoy perks at ITC Hotels, Elivaas Villas, and Alaya Stays.
- Premium Design: The card itself is crafted from metal, offering a sophisticated feel.
The Invite-Only Solitaire Program: Beyond the Card
The Solitaire Credit Card is more than just plastic; it’s an entry point to the broader Solitaire banking program. This invite-only program considers a customer’s Total Relationship Value (TRV) across various banking products, including deposits, loans, insurance, investments, and demat holdings.
“This card doesn’t just reward you—it respects your journey,” says Frederick Dsouza, Business Head – Credit Cards, Kotak Mahindra Bank.
Key features of the Solitaire program include:
- Personalized Service: Dedicated relationship managers handle all your banking needs.
- Pre-approved Credit Lines: Access up to ₹8 crore across home loans, personal loans, and credit cards.
- Family-First Banking: Shared limits and benefits extend to family members, offering a holistic banking experience.
- Tailored Solutions: Specific financial solutions for professionals and entrepreneurs.
- Automatic FD Conversion: Idle balances above ₹3 lakh in savings accounts are automatically converted to fixed deposits for higher returns with the ActivMoney feature.
- International Convenience: Easily invest up to $250,000 abroad annually and make outward remittances of up to $50,000.
“Solitaire is our response to affluent customers who feel underserved by traditional banking,” explains Rohit Bhasin, President and Head of Affluent, NRI, and Business Banking at Kotak Mahindra Bank. The program aims to provide recognition, personalized service, and an integrated banking experience for India’s top families.
