Kotak League Platinum Credit Card – Review, Details, Offers, Benefits, Fees, How To Apply, Eligibility, Status, Limit

Kotak Bank – League Platinum credit card offers range of reward options and surcharge waivers..

Kotak League Platinum Credit Card Benefits

  • Joining Benefits
    • Movie voucher worth Rs. 500
  • Benefits
    • Earn up to 8X reward points on every Rs. 150 spent across all spends done on your Kotak League Credit Card.
    • Railway Surcharge waiver for transactions on www.irctc.co.in or counters (max waiver of Rs 500 annually)
  • Lounge Access (Domestic): No Benefit on this card
  • Movie Tickets: 
    • 10% cashback on movies
    • Spend Rs. 1,25,000 every 6 months and get 4 free PVR tickets or 10000 reward points.
  • Restaurant Offers:
    • NA
  • Fuel:
    • Fuel Surcharge Waiver – Fuel surcharge waived off on fuel transactions between Rs 500 to Rs 3000.
  • Other Offers
    • VISA Offers: Get VISA Platinum Offers

Rewards Collection

  • Earn up to 8X reward points on every Rs. 150 spent across all spends done on your Kotak League Credit Card.
    • Earn 8 points for every Rs 150 – on Special Categories are Travel Agencies & Tour Operators | Package Tour Operators | Airlines and Air Carriers | Electric Sales | Durable Goods | Departmental Stores
    • Earn 4 points for every Rs 150 – on Other Categories
    • Earn 8 points for every Rs 150 – on Other Categories (if annual spend on the card is more than Rs 2 lakh)

Rewards Redemption

  • Reward points can be used for a host of redemption options like Airtickets, Airmiles, Movie Tickets, Mobile Recharge / Branded Merchandise
  • 1000 reward points = Rs 75 cash ( equi 7.5p)
  • Based on the redemption value, you will get upto 0.6% cashback on your spending
  • You can also redeem the reward points for other programs (Easyrewards) and spend on airtickets, movies, fashion etc and the redemption value will differ. As a result, your cashback worth can be further increased.

Kotak Delight Platinum Credit Card Fees

  • Joining fees: Rs 500
  • Annual Fee: Rs 499 (waived on annual spend of Rs 50000)

 

Benefits Example

Monthly Annual Offer Benefit  (Annual) Approx Benefit %
Groceries – Online 5000 60000 8 RP / Rs 150 640 1.1%
Other Online 2000 24000 8 RP / Rs 150 256 1.1%
Other Offline 7000 84000 8 RP / Rs 150 896 1.1%
Movie 500 6000 8 RP / Rs 150 64 1.1%
Dining 1000 12000 8 RP / Rs 150 128 1.1%
Fuel 1000 12000 1% waiver 120 1.0%
Rail 500 6000 SC waiver 108 1.8%
Travel/ Hotel 1000 12000 8 RP / Rs 150 128 1.1%
Utilities 3000 36000 8 RP / Rs 150 384 1.1%
Other benefits 8 PVR Tickets 2400 1.0%
21000 252000 5124 2.0%

Condition:  For full benefit, you need to spend Rs 2.5 lakh annually (approx 21000 per month)

How to Apply – You can apply online at Kotak Bank website 

  • Primary credit cardholder should be in the age bracket of 21 – 65 years. Add-on credit cardholder should be 18 years or above
  • Location – Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune
  • Income – Rs.5 Lakhs and above per annum

Summary

This is a reward credit card from Kotak bank with  “not-so great” benefits. The reward rate is very low. You get 8 PVR tickets (approx worth Rs 2000) on annual spend of Rs 250000, giving additional reward rate of 1%. So total reward rate will be approx 2%

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