Kotak Bank – Solaris Platinum credit card offers additional reward points on online spends.
Kotak Solaris Platinum Credit Card Benefits
- Joining Benefits : N/A
- Benefits
- Additional reward points on online purchases (Earn 5X reward points on every Rs 150 spend).
- Earn 2X reward points for every Rs.150 on other spends
- Lounge Access (Domestic): No Benefit on this card
- Movie Tickets: N/A
- Restaurant Offers: N/A
- Railway Surcharge waiver:
- Maximum railway surcharge waiver allowed in a calendar year is Rs. 500/-
- Fuel:
- Enjoy fuel surcharge waiver across all petrol pumps in India. Fuel surcharge to be waived only for transactions between Rs.400 and Rs.3500, up to a maximum of Rs.100 in a statement cycle.
Rewards Collection
- Earn 5X reward points on every Rs 150 spend on online purchases.
- Earn 2X reward points for every Rs.150 on other spends
- Milestone:
- Spend Rs. 2 lakh annually – get 4000 reward points
- Spend Rs. 4 lakh annually – get 10000 reward points
Rewards Redemption
- Reward points can be used for a host of redemption options like Airtickets, Airmiles, Movie Tickets, Mobile Recharge / Branded Merchandise
- 1 reward point is approx worth Rs 0.20
Redemption Rs / rp Cash Reward Rs 75 / 1000 rp 0.075 Movies 1 Bookmyshow / 2000rp 0.125 Flights / holidays / mobile/ fashion
Easyreward / easy points100 EP / 500rp 0.2
Kotak Solaris Platinum Credit Card Fees
- Joining fees: Rs 500 (2500 joining bonus reward points on full fee realization and 1st swipe within 60 days of cards setup)
- Annual Fee: Rs 500 (waived on retail spend of Rs 75000 in a year)
Kotak Solaris Platinum Benefits Example
| Spend | Offer | Monthly Spend | Annual Spend | Benefit (Annual) | Reward % |
| Online Spend | 5 rp / Rs 150 | 5000 | 60000 | 400 | 0.7% |
| Offline Spend | 2 rp/ Rs 150 | 10500 | 126000 | 336 | 0.3% |
| Fuel | 1000 | 12000 | 120 | 1.0% | |
| Train Tickets | 500 | 6000 | 108 | 1.8% | |
| Milestone Benefit | 4000 rp / Rs 2 lakh | 800 | |||
| TOTAL Saving | 17000 | 204000 | 1764 | ||
| Annual Fees | |||||
| Net Saving | 1764 | ||||
| Reward / Cashback % | 0.86% |
Condition: To get full benefit, the minimum spend required is Rs 200000 per annum
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
- Card is available only in the following locations – Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune
- Income – Rs. 5 lac and above per annum
Summary
This credit card offers approx 0.7% reward on online spend and low annual spend requirement for fees waiver. Considering milestone benefit, you can get less than 1% reward worth.