New Delhi, May 7 -- Banks keep reviewing their credit card features and benefits from time to time. Kotak Bank has announced a number of changes to its credit cards. The changes will be effective 1st June 2025. In this article, we will understand all the details of these changes.

The interest charges on most credit cards have been increased from 3.50% to 3.75% per month. It translates into an increase from 42.00% to 45.00% per annum. The interest rate on some credit cards like White Reserve (3.50% per month) and Myntra Kotak Credit Card (3.70% per month) has been left unchanged.

It is recommended that a credit cardholder must always pay the monthly bill before or by the due date to avoid the hefty interest charges.

If the standing inst...