sayantandas
KF Ace
Kind of expected this to happen.
Kotak had already planned the closure of this card way in advance when it sent the upgrade offer to Zen card about a month back to me (picture attached). I had ignored the mail back then. Then Flipkart Axis devaluation and revaluation happened and now offered 7.5 % cashback capped at 4000 per quarter.
Today came to know about the Kotak Myntra Credit Card devaluation/discontinuation and I was pretty sure that it would be upgraded/migrated to Zen and guess what I was right. I got the mail that my Myntra CC would be migrated to Zen CC unless I opt out.
Also one more thing to note is that if one takes the migration offer by Kotak, they have to pay the same annual fees of 590 for Zen (which one was paying for Myntra) and not 1770 (gst included) according to the mail received. That's what I perceived from the mail. Also confirmed in this video. ***********.youtube.com/watch?v=K_AE_iJIRPs
So the question arises if zen cc should be taken/beneficial at the price of 590 rs or not. Please suggest. My hunch is that Kotak will not provide it at 590 when its actual fees is 1770.
Kotak had already planned the closure of this card way in advance when it sent the upgrade offer to Zen card about a month back to me (picture attached). I had ignored the mail back then. Then Flipkart Axis devaluation and revaluation happened and now offered 7.5 % cashback capped at 4000 per quarter.
Today came to know about the Kotak Myntra Credit Card devaluation/discontinuation and I was pretty sure that it would be upgraded/migrated to Zen and guess what I was right. I got the mail that my Myntra CC would be migrated to Zen CC unless I opt out.
Also one more thing to note is that if one takes the migration offer by Kotak, they have to pay the same annual fees of 590 for Zen (which one was paying for Myntra) and not 1770 (gst included) according to the mail received. That's what I perceived from the mail. Also confirmed in this video. ***********.youtube.com/watch?v=K_AE_iJIRPs
So the question arises if zen cc should be taken/beneficial at the price of 590 rs or not. Please suggest. My hunch is that Kotak will not provide it at 590 when its actual fees is 1770.
