Veer Select Credit Card by Kotak Mahindra Bank

The Bottom Line

Veer Select Credit Card

No Joining Fee, Low Rewards

9 reward points / ₹200 spent on dining, grocery, movies & departmental store and 3 points on everything else.

Monthly Spend	₹5K	₹10K	₹20K	₹50K	₹100K
Net Reward Yield	-0.4%^	0.6%	0.6%	0.5%	0.5%
Est. Monthly Reward (₹)	(25)	55	115	260	525
All-India Rewards Rank*	192	120	168	228	233
Within Bank Rank*	7	7	10	8	9
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here. ^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee.

The Veer Select Credit Card is exclusively reserved to Armed Forces Personnel. It gives 1.1% effective reward on dining, grocery & entertainment and 0.4% on all other spending.

We estimate this card has a net reward yield of 0.5-0.6% on spending above ₹10,000 in a month.

The 811 #DreamDifferent Credit Card is the best entry level credit card from Kotak Mahindra Bank, with a net rewards yield of 0.4 – 1.0%.

If you are spending between ₹10,000 – 20,000 a month on your card, consider the Kotak Indigo Ka-ching 6E Rewards Credit Card with a net rewards yield of 0.7 – 1.1%

The Kotak IndiGo Ka-ching 6E Rewards XL Credit Card is the best choice for Kotak Mahindra Bank customers who charge ₹20,000+ a month on their card. You can earn a net rewards yield of up to 2.3% with this card.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.

The Rewards

Card	Veer Select Credit card
Card Type	Reward
Reward Features	9 Reward Points / ₹200 spent on: – Dining – Grocery – Movies – Departmental Store 3 Reward points / ₹200 spent on everything else
Milestone Rewards	Nil
Other Rewards	2 Complementary Domestic Airport Lounge visit / Qtr.
Rewards Redemption Fee	Nil
Reward Caps	Unlimited
Preferred Redemption Method	Redeem on kotakrewards.com @₹0.25 / reward point

Fees & Charges

Card		Veer Select Credit Card
Joining Fee		Nil
Annual Fee		₹599 + Taxes
Min. Annual Credit Card Spend for Fee Waiver		Nil
Income Criteria	Salaried	N/A
Income Criteria	Self-employed	N/A
Supplementary Card Fee		Free
Interest Rate		42.00%
Foreign Currency Markup		3.50%
Cash Advance Charge		₹300 on every withdrawal of ₹10,000