Kotak League Platinum Credit Card - Banking of India

Banking of India > Kotak League Platinum Credit Card

The Kotak League Platinum credit card, introduced by Kotak Mahindra Bank, offers a range of exclusive rewards and benefits for your spending. Upon payment of the annual fee, you will receive a welcome gift in the form of a movie voucher worth Rs 500. Additionally, this card provides you with the option of either 4 free PVR movie tickets or 10,000 reward points when you spend Rs 1,25000 every six months. Moreover, this card includes various other features such as a 1% fuel surcharge waiver, railway surcharge waiver, zero protection liability, spend-based waiver, and much more.

The membership fee for Movies is Rs 499 + GST, with an additional renewal fee of the same amount. This card is the best option for movie enthusiasts.

Kotak League Platinum Credit Card

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Kotak League Platinum Credit Card

Convenient for

Shopping

Joining fee

Rs 499 + GST

Reward Type

Reward Points

Product Details

  • Upon payment of the joining fee, you will be entitled to a movie voucher worth Rs 500. Additionally, for annual spending up to Rs 2 lacs on special categories, you will earn 8x reward points, while for other categories, you will earn 4x reward points.
  • For annual spending of Rs 2 lacs or more on both special and other categories, you will receive 8x reward points.
  • Furthermore, by spending Rs 1,25,000 every 6 months, you can choose between 4 free PVR tickets or 10,000 Reward Points.
  • In the unfortunate event of theft or loss of your card, you will be protected with a liability coverage of up to Rs 1,25,000.
  • Moreover, if your annual spending reaches Rs 50,000, you will be eligible for a waiver on the joining fee. Lastly, for fuel transactions ranging from Rs 500 to Rs 3000, a 1% fuel surcharge waiver will be provided.

Features and Benefits of Kotak League Platinum Credit Card

Milestone Rewards

By utilizing the Kotak League Platinum credit card, when you spend Rs 1,25,000 every six months, you are entitled to one of the following benefits:

  • Obtain 4 complimentary PVR tickets upon reaching an annual spending threshold of Rs 1,25,000.
  • Earn 10,000 Reward Points when your annual spending reaches Rs 1,25,000.
  • It’s important to note that a maximum of 8 free PVR tickets can be availed using this credit card. These tickets are transferable and can be utilized for any show on any day within the offer period. Upon meeting the spending criteria, you will receive a Star PassCode, which can be redeemed for online ticket bookings at PVR cinemas through www.pvrcinemas.com. The complimentary tickets must be utilized within 3 months of the program offer period. In cases where the ticket costs exceed Rs 400, the cardholder is responsible for covering the differential amount.
  • Additionally, the 10,000 reward points accumulated will be available for redemption in the subsequent billing cycle. These points offer versatile redemption options, including movie ticket bookings, airline reservations, mobile recharges, and exclusive merchant store purchases.

Welcome perks

As a token of our appreciation, you will receive a movie voucher worth Rs. 500 upon payment of the joining fee. You will receive information about your voucher via SMS or email at your registered phone number or email address. Please keep in mind that the movie voucher can only be used with the league platinum card variant.

Fuel Surcharge Exemption

When you purchase fuel between Rs 500 and Rs 3000, you are exempt from paying the 1% fuel surcharge. The maximum Rs 3500 fuel surcharge waiver is subject to change. Reward points are not earned on fuel purchases.

Waiver of Railway Surcharge

When making purchases through the Indian Railways Booking Counters or the IRCTC website, you can receive an annual railway surcharge waiver of up to Rs 500.

Waiver of Renewal Fee

When you spend Rs 50,000 or more a year, you are eligible for a spend-based waiver of the Rs 500 annual fee.

Security matters

If your card is lost or stolen, rest assured knowing that you are eligible for fraud liability protection of up to Rs 1,25,000 within a 7-day timeframe.

Reward offers

With the Kotak League Platinum Credit Card, you can enjoy a fantastic rewards program. By utilizing this card, you have the chance to accumulate up to 8 times the reward points on your annual spending of up to Rs 2 lacs in specific categories. Furthermore, you can earn 4 times the reward points on spending in other categories. Those specific categories encompass Airlines and Air Carriers, Electric Sales, Durable Goods, Departmental Stores, Travel Agencies and tour Operators, and Package Tour Operators.

Redeeming the rewards

You can utilize the Reward Points earned through this credit card to access a multitude of options on the Kotak Rewards portal. These options encompass products, gift vouchers, travel bookings, and more, providing you with a diverse range of choices.

Eligibility requirements for Kotak League Platinum Credit Card

The Kotak Bank League Platinum Credit Card is available to those who meet the following eligibility requirements:

– Must be an Indian citizen.

– Age should fall within the range of 21 and 65.

– Self-employed or salaried individuals must have a net income of at least Rs 5,00,000.

– The credit card can be obtained at specified locations in Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Pune, Ahmedabad, and Bangalore.

Required documents for Kotak League Platinum Credit Card

The following documents are required for Kotak Bank League Platinum Credit Card:

Identity proof: 

  • Voter’s Card 
  • Aadhar Card 
  • PAN Card
  • Passport 
  • Driving License 

Address Proof: 

  • Utility bills for the last 3 months, 
  • Ration Card, 
  • Aadhaar Card or Passport 

Income Proof

The last 3 months’ salary slips/Bank statements, or the last audited ITR.

Application procedure for Kotak League Platinum Credit Card

The application process for the Kotak Bank PVR Gold Credit Card offers flexibility, allowing you to apply either online or offline. If you prefer the offline method, simply visit your nearest Kotak Bank branch, provide all the necessary documents, and fill out the physical application form. On the other hand, if you opt for the online application, carefully follow these steps:

 Visit Kotak Bank’s official website, select ‘Cards’ and then ‘Credit Cards’ under the ‘Explore Products’ section, locate the PVR Kotak Gold Credit Card, and click on Apply Now to proceed accordingly.

Fees and charges for Kotak League Platinum Credit Card

  • Receive a spend-based waiver of the Rs. 500 annual fee for spending Rs. 50,000 a year.
  • There is zero Redemption Fee for Rewards
  • The Markup in Foreign Currency is 3.5% of the total amount converted
  • Rates of Interest are 3.50% monthly (42% annually)
  • On your fuel transactions between Rs 500 and Rs 3000, there will be a 1% fuel surcharge.
  • Fees for Cash Advances are Rs. 300 for the amount taken out.

Closing words

The Kotak League Platinum Credit Card is a fantastic option for high-spenders seeking generous rewards and milestone benefits. To maximize these benefits, cardholders must meet the set spending milestones and utilize their credit card for maximum spending. Additionally, the card provides a complimentary PVR ticket annually, making it an ideal choice for those seeking both reward points and movie benefits.

Frequently asked questions related to Kotak League Platinum Credit Card

The Kotak League Platinum Credit Card is ideal for people who charge the majority of their expenses on credit cards, as it offers generous rewards to users who hit the Rs. 2 lakh annual spending threshold.

It is possible to make international purchases with this credit card as well. However, transactions made in foreign currency will be subject to a 3.5% foreign exchange markup fee.

Yes, you can apply for an add-on card feature on Kotak Mahindra Bank credit cards.

A maximum remission of Rs. 500 per year can be obtained as a railway surcharge relief.