Kotak rewards: The Kotak Bank reward point is offered by Kotak Mahindra Bank where you can collect reward points from multiple sources like transaction on e-commerce, food, bill payment, petrol, expenses, hotel, booking and many more facilities once you use your card on this platforms, then reward points will be generated on your credit card and you should consider this below point for conversion of your reward point.
- The Kotak rewards value differs depending on your credit card’s version.
- Via the Kotak Rewards site, you may redeem your earned reward points.
- Kotak awards are not assignable, transferrable, or pledgeable.
Kotak App provides you with vast majority of Features in the App
- As you will aware that Kotak 811 app is most widely used
- Kotak 811 provides you with vast majority of services, if you use Kotak 811 App than you can opt for different services when compared to other banks
- Before we dive into this post, please read the below mentioned points and proceed further
- You will not get this option if you don’t have Kotak bank credit card
- Sometimes the rewards vouchers will not available even if you place your order, so in that case the rewards points will be refunded back to your account
- If it is taking time to deliver your vouchers than you can it might also get cancelled because of non-availability
- Kotak rewards has multiple choices to redeem your rewards points as shown below
- You can redeem for Travel vouchers, Recharge and also you can check for other deals as shown in above imag
Redeem Kotak Rewards into CASH?
Depending on the Kotak Mahindra Bank credit card variation, the value of reward points differs. Each credit card has a unique rewards structure, and you can redeem your rewards for whatever the bank is determined is worth.
STEP 1: Open your Kotak 811 App, at bottom last menu you will find Credit Cards. You can also do it by visiting to your interest banking from this link!
Step 2: If you scroll down at the bottom, you will find Kotak Rewards, Click on that!
STEP 3: Click on 3-Line Menu. On on the Kotak rewards homepage you can directly search or scroll down and you will get various options like directly add vouchers of Amazon and Flipkart and many other e-commerce websites.
STEP 4: Click on Vouchers. Now here we have multiple options but as per the blog we will go with the voucher because we want to convert our reward points into cash. If you want you can directly recharge or do online shopping or book tickets from Kotak reward points home itself.
STEP 5: Search for Amazon pay You will find it below and click on that, as shown in the below image
STEP 6: We have 100 Rupees Vouches, so click Add to Cart
STEP 7: Add Vouchers according to rewards points you have earned
- Note the below points before you proceed!
- Please put your rewards points number in multiple 400
- As you can see in the below image that I have 1704 Rewards points but in can’t redeem them at once
- So, I will do in multiple of 400. So, it will be 400*4=1600 Rewards Points to Redeem and 1600 rewards Points value is 400 Indian Rupees of Amazon Pay Vouchers
STEP 8: Summery of the payment will be shown and then click on proceed to payment
STEP 9: So, at last you can see that your redemption request has been submitted and it will be processed with in 3 days
Watch for more!
Conclusion
As you know all the credit cards in India offers reward points on their credit card but there is an expiry date for the reward points. Unlike IDFC bank so no matter what credit card you use. They have their expiry date.
So even Kotak has the expiry date and if you don’t use your credit card rewards point within two years, then it will get expired, and also you will get notified for all this expiry date and number of points which is going to expire in coming year
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