At a Glance
Key Benefits
5% cashback at Metro stores, 1% on other spends, fuel surcharge waiver
Lounge Access
Not available
Eligibility
Salaried: Rs.25,000+/month, Age: 21-60, CIBIL: 700+
Quick Details
Annual Fee
₹500
#113
Joining Fee
₹500
#112
Interest Rate
42.00% p.a.
#108
Forex Markup
3.50%
#75
Rewards/₹100
₹1.00 - ₹5.00
#49
Reward Type Cashback
Reward Currency Cashback
Min Credit Score
700+
#54
Min Monthly Income ₹25
Network MASTERCARD
Cash Advance Fee 2.50% (min ₹500)
Late Payment Fee ₹500
Fee Waiver on Spend ₹50,000/yr
Reward Structure
Base
All Spends
₹1.00 /₹100
Partner
Metro Cash & Carry
₹5.00 /₹100
Reward Calculator
₹
Allocate by Category 100%
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:
Quick Analysis
The Kotak Mahindra Bank Metro is a solid credit card option. With an annual fee of ₹500, ensure you can utilize the benefits to get value. Consider your spending patterns before applying.
Pros
- Low annual fee of just ₹500
- Annual fee waiver on spending ₹50000
- Direct cashback instead of points - no redemption hassle
- Extended interest-free period of 50 days
Cons
- No complimentary lounge access
- High forex markup of 3.50% on international transactions
- High interest rate of 42.00% on revolving credit
Frequently Asked Questions
What is the annual fee for Metro?
Yes, the annual fee is ₹500. The fee can be waived on annual spending of ₹50000.
Is there a joining fee for Metro?
Yes, the joining fee is ₹500.
What rewards does Metro offer?
You can earn up to ₹5.00 cashback per ₹100 spent. The base cashback rate is ₹1.00 per ₹100.
Does Metro offer lounge access?
This card does not include complimentary lounge access.
What is the eligibility for Metro?
To apply for Metro, you need minimum age of 21 years, minimum monthly income of ₹25000, credit score of 700+.
User Reviews
Ready to Apply for Metro?
Get started with your application today and enjoy premium benefits, rewards, and exclusive privileges.