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▾Kotak Veer Credit Card Review
Best for: Indian armed forces personnel (serving and retired) — Army, Navy, Air Force, CAPF — wanting a zero-cost card.
- Lifetime free for verified defence personnel
- 4 domestic lounges/year (generous for LTF)
- 5× on CSD canteen purchases
- 2× online
- Easy eligibility with service ID
- Benefits narrow to defence cohort
- Non-defence applicants get no unique value
- Forex 3.5%
- Redemption value modest
Fees & charges
| Item | Charge |
|---|---|
| Joining fee | ₹0 (LTF for defence) |
| Renewal fee | ₹0 (LTF for defence) |
| Finance charge | 3.4% p.m. |
| Cash advance fee | 2.5% (min ₹500) |
| Forex markup | 3.5% |
| Late payment fee | Up to ₹1,300 |
Rewards structure
Base 2 RP per ₹150 (1.3%). CSD canteen spends earn 10 RP per ₹150 (6.6% equivalent). Online retail 4 RP per ₹150. Redeem via Kotak app.
Key benefits
- Lifetime free for defence personnel
- 4 domestic lounges/year
- 5× CSD accelerator
- Complimentary add-on for spouse
- Personal accident cover ₹25 lakh
Who the Kotak Veer is for
Serving and retired defence officers, JCOs, civilian defence staff. Default defence-cohort card alongside SBI Shaurya Select.
Final verdict
Excellent LTF option for defence personnel. Between Kotak Veer and SBI Shaurya Select, Veer wins on LTF status; Shaurya edges on dining 10×. Many defence personnel hold both.
FAQ
What proof is required for defence status?
Valid service ID card, discharge/retirement certificate, ECHS card or pension book.
Do ex-servicemen qualify?
Yes — retired with ECHS/pension documentation.
Is the LTF guaranteed lifetime?
Yes — tied to defence status verification. Not revoked on service exit (includes retired).
Fees and features verified against the issuer's public website. Benefits may vary; always confirm current terms with the issuer before applying.