Credit cards help in managing expenses while earning rewards and benefits. Choosing the right credit card depends on factors like fees, rewards, cashback, and features. Two popular banks in India, SBI and Kotak Mahindra, provide various credit cards for different spending needs.
If you are confused between SBI vs Kotak Mahindra credit cards, this comparison will help you decide. We will look at key features, benefits, and fees to help you pick the best option for your lifestyle.
SBI vs Kotak Mahindra: Which Credit Card is Better?
Both SBI vs Kotak Mahindra credit cards have advantages, but the right choice depends on your spending habits. Below, we compare them based on rewards, fees, cashback, and travel benefits.
Rewards and Cashback
SBI Credit Cards provide reward points on purchases, which can be redeemed for vouchers, discounts, or travel bookings. Some SBI cards also offer cashback on specific spends.
Kotak Mahindra Credit Cards also provide reward points and cashback on various categories, such as dining, shopping, and fuel. However, the redemption process may differ from SBI cards.
If you frequently shop or travel, check which bank provides better rewards on your preferred spending category.
Annual Fees and Charges
SBI credit cards have different annual fees based on the type of card. Some cards have no joining fee, while premium cards charge higher fees but come with added benefits. SBI also provides fee waivers if you spend a certain amount in a year.
Kotak Mahindra credit cards have a similar fee structure, with entry-level cards having lower charges and premium cards costing more. Some Kotak cards also come with lifetime-free offers.
Before choosing a card, check the annual fee and whether you can get a waiver based on your spending.
Travel and Lounge Access
SBI credit cards provide travel benefits like complimentary airport lounge access, discounts on flight bookings, and international transaction benefits. Some premium cards also offer air miles.
Kotak Mahindra credit cards also have lounge access on selected cards, but the number of visits may be lower than SBI cards. Kotak’s travel-focused cards provide discounts on hotel stays and flight bookings.
If you are a frequent traveler, compare lounge access and travel perks to find the best option.
Fuel Surcharge Waiver
SBI credit cards provide a fuel surcharge waiver at select petrol pumps, helping you save on fuel expenses.
Kotak Mahindra credit cards also offer a fuel surcharge waiver, but the benefit depends on the card type. Some Kotak cards provide extra cashback on fuel transactions.
If you spend a lot on fuel, check which bank provides better savings at your preferred fuel stations.
Shopping and Lifestyle Benefits
SBI credit cards have offers on online shopping, dining, and movie tickets. Some cards provide extra discounts on platforms like Amazon and Flipkart.
Kotak Mahindra credit cards also provide shopping benefits, including discounts on partner brands and movie ticket offers. Some Kotak cards even provide EMI options for large purchases.
If shopping is a priority, compare the discounts and cashback provided by SBI vs Kotak Mahindra credit cards.
EMI and Flexi Payment Options
SBI credit cards allow easy EMI conversion on high-value transactions, making it easier to manage payments. Some cards also provide zero-interest EMIs during special offers.
Kotak Mahindra credit cards also have EMI options, with different interest rates and tenure options. Some Kotak cards provide no-cost EMI offers on specific products.
If you prefer paying in installments, compare the EMI interest rates and available offers from both banks.
Security and Customer Support
SBI credit cards come with advanced security features, such as OTP verification, fraud protection, and emergency card blocking. SBI also has strong customer support for handling queries.
Kotak Mahindra credit cards also have security features and instant card-blocking services. Kotak’s customer support is available through multiple channels, including WhatsApp banking.
For safety and convenience, check which bank provides better fraud protection and quick customer support.
Also Read:- Maximizing Cashback Rewards with Credit Cards in India
Final Thoughts: Which Bank’s Credit Card Should You Choose?
Both SBI vs Kotak Mahindra credit cards provide good benefits, but the best choice depends on your needs.
- If you want more reward points and travel benefits, SBI credit cards might be a better option.
- If you prefer lifetime-free cards and shopping discounts, Kotak Mahindra credit cards could be the right choice.
- If you want a fuel surcharge waiver, both banks have good options, so compare specific card benefits.
- If you often convert transactions into EMIs, compare the interest rates and terms from both banks.
Before applying for a credit card, compare the features carefully and choose the one that fits your lifestyle. Whether you go with SBI vs Kotak Mahindra, pick a card that gives you maximum benefits on your regular expenses.