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%