Diwali Gifting Made Easy: Earn Rewards While You Shop with Your Credit Card
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A credit card is a transactional card that enables the holder to make purchases of goods and services or withdraw advance cash on credit.
Kotak Cashback+ Credit Card offers 5% cashback on Online shopping, entertainment, and food delivery, making it ideal for diverse Diwali gifts purchases including electronics, fashion, and dining experiences.
Credit cards are a convenient tool for managing your short-term financing needs. A credit card lets you borrow certain money and repay it later in instalments.
Set a pre-shopping budget, maintain credit utilisation below 30%, enable real-time transaction alerts, and use multiple cards to distribute spending. Consider setting merchant-specific limits for better control over festive shopping.
Cashback provides immediate value and flexibility, while reward points often offer higher value when redeemed for travel or premium experiences. Kotak Cashback+ Credit Card offers direct cashback, eliminating redemption complexity.
Credit cards in India have become a popular payment method. More than half the population owns instant-approval credit cards. To get a credit card, apply online using the following steps:
● Visit Kotak Mahindra Bank’s website
● Check your credit card eligibility
● Fill out the online application form and submit it
● Track your application status online
Convert purchases above ₹25,000 to EMI if needed, but ensure you understand the interest and fees involved. Electronics, jewellery, and home appliances are ideal for EMI conversion. Consider 3-6 month tenures to minimise interest costs while maintaining affordability.
At Kotak Mahindra Bank, it is easy to understand how to apply for a credit card.
Most credit cards, including Kotak cards, offer rewards on gift voucher purchases from partner merchants. However, direct bank-to-bank gift voucher purchases may not qualify. Check specific terms for credit card rewards eligibility on voucher transactions.
Here are the eligibility criteria for a credit card:
● For the Royale Signature Credit card, League Platinum Credit card, Delight Platinum Credit card, Essentia Platinum Credit card, PVR Platinum Credit card, PVR Gold Credit card, and Urbane Gold Credit card primary applicant must be in the age bracket of 21 – 65 years.
● For 811 Dream different Credit card, NRI Royale Signature Credit card, the primary applicant should be in the age bracket of 18 years to 75 years.
● Must be an Indian resident
● Must be a salaried employee or self-employed (With income proof)
● Must meet the income requirement set by the bank
● Must be a resident of the serviceable locations within India
With Kotak Mahindra Bank’s free credit card apply option, applying for a credit card is a relatively simple process. Here are the steps on how to get a credit card:
● Clicking the "Apply Now" icon in the section of the credit card that you wish to avail Alternatively, you can visit the bank branch or get in touch with an official representative
● Submit applicant details such as name, age, birthdate, residential address, net income, PAN and others
● Must provide proof of personal documents, PAN Card, KYC documents, proof of address and proof of income or employment status
● Keep track of application status.
The bank determines the credit card purchasing and withdrawal limit at its sole discretion.
The issuer offers the add-on credit card facility to the primary applicant.
To get an instant credit card, you must apply online, but choosing a credit card for the first time is a little difficult. The following points must be considered when you are choosing a credit card for the first time:
● Check annual fees and other charges
● Check the maximum credit limit
● Check the latest offers available on the credit card
● Check the payment options available
● Check the rate of interest charged on the balance amount
● Check the cash withdrawal charges
Credit bill payments can be made with ease using multiple payment options. These include:
● Mobile Banking
● Net Banking
● WebPAY
● NEFT/IMPS
● Auto Debit
● VISA Payment
● Phone Banking
● Over the Branch Counter
● Cheque Payment
The first action in the case of theft or loss of your credit card is to get it blocked by contacting the bank. This prevents the risk of an unauthorized transaction.
You can use the customer care number to inform the official representatives of the loss or theft. Upon doing this, they will block the existing card and begin the procedure for issuing a new credit card.
Within the stated time frame, or they may become invalid. Thus, it is essential to carefully read through the credit card agreement and know the reward points' validity and expiry.
Once you know how to get a credit card, applying for it online is a quick process.
The free credit card apply feature allows you to get a credit card instantly and helps you earn. Here is how you can redeem your Kotak credit card rewards:
● Cashbacks- Your available reward points can be redeemed as cashbacks which can be transferred into your statement credit.
● Shopping- Reward points can be redeemed while shopping at specific stores with which the credit card issuer collaborates.
● Loyalty Programs- You can redeem your reward points through loyalty programs at hotels, restaurants and airlines.
Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.
Introduction
Diwali is among India’s biggest shopping seasons, with families splurging on gifts, electronics, clothes, and celebrations. While this adds to the festive cheer, it also leads to higher expenses.
Credit cards fit naturally into this context by offering benefits such as cashback, reward points, and festive discounts. When used correctly, they help you enjoy the celebrations while getting more value from every transaction.
Which Gift Categories Give You Maximum Credit Card Rewards?
Credit cards offer different levels of rewards across categories, and understanding which categories give you maximum value can help you plan your Diwali shopping better.
Electronics and Gadgets
Electronics consistently rank among the top reward-earning categories during Diwali shopping. When purchasing smartphones, laptops, or home appliances:
Fashion and Lifestyle
Clothing, accessories, and lifestyle products form a significant portion of festive shopping.
Jewellery and Precious Metals
Gold and silver purchases during Dhanteras and Diwali can earn substantial rewards:
Home Décor and Furniture
Festival home makeovers present excellent reward opportunities:
How Can You Use Credit Card Reward Points for Diwali Gifts?
Accumulated credit card rewards can effectively reduce your out-of-pocket expenses for additional gifts or even cover entire purchases when redeemed strategically.
Cashback Redemption Strategies
Credit card holders can redeem cashback in multiple ways:
Reward Points Optimisation
To maximise the value of accumulated points, understand the available redemption options:
Strategic Redemption Timing
Timing your redemption can significantly impact the value received:
Partner Merchant Benefits
Kotak credit cards offer exclusive redemption opportunities:
What Are the Smart Ways to Avoid Overspending This Diwali?
Festive shopping enthusiasm can quickly lead to budget overruns. Implementing smart spending controls helps maintain financial discipline while enjoying celebrations.
Pre-Shopping Budget Planning
Establish clear financial boundaries before beginning your shopping:
Credit Utilisation Management
Maintaining healthy credit utilisation protects your credit score:
Real-Time Expense Tracking
Monitor spending as you shop to stay within budget:
Smart Shopping Techniques
Leverage credit card features to control spending:
When Should You Convert Expensive Gifts to EMI?
Converting high-value purchases to Equated Monthly Instalments (EMI) can make expensive Diwali gifts more manageable without straining your immediate cash flow.
EMI-Suitable Purchase Categories
Certain purchases benefit most from EMI conversion:
Cost-Benefit Analysis
Understanding EMI costs helps make informed decisions:
Optimal EMI Tenures
Choosing appropriate tenure balances affordability with interest costs:
EMI Conversion Timing
Strategic timing of EMI conversion maximises benefits:
Which Kotak Credit Card Works Best for Your Diwali Shopping?
Selecting the appropriate credit card significantly impacts your reward earning and overall festive shopping experience.
Kotak Cashback+ Credit Card
Ideal for maximising cashback on diverse Diwali gifts:
Best for: Shoppers who prefer immediate cash benefits over points accumulation.
Kotak UPI RuPay Credit Card
Perfect for digital-first festival shopping:
Best for: Tech-savvy shoppers who prefer UPI payments during festivals.
Card Selection Criteria
Choose based on your specific festive shopping patterns:
Conclusion
Diwali often comes with bigger spends, but the right credit card ensures those spends give back in the form of cashback, reward points, and exclusive festive offers.
By aligning your card benefits with your shopping categories — whether electronics, fashion, or dining — you can stretch your budget further without compromising on celebrations.
Kotak credit cards are designed to make festive spending more rewarding, so you enjoy the season while also managing your money easily.
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