Kotak launches credit card in four variants

Kotak has recently launched  credit cards in four variants like  Fortune Gold Card, Trump Gold , League Platinum and Royale Signature Card.   

The bank is aiming to be among the top five credit card issuers in the domestic market. It has  plans to issue 15 lakh credit cards in the next three years. The bank says it has identified salaried and self-employed youths as primary targets in the segment. As reported by The Economic Times, Kotak Mahindra Bank's Executive Vice-Chairman and Managing Director Uday Kotak said, "With this launch, the bank is now offering full range of financial services to customers. We expect to disburse 15 lakh cards in the next three years and thus to become one among the five largest credit card issuers in the country." He added, "The Trump Visa Gold card will enable customers to receive 10 per cent cash back round the year for expenses in restaurants and movies while Platinum and Signature cards ensure auto-encashment of reward points earned."

A recent entrant into the country's banking sector, Kotak Mahindra Bank, has 178 branches across 107 locations in the country.