The Kotak League Platinum Credit Card is designed to offer a range of benefits to make your everyday spending more rewarding. This card is ideal for those who enjoy dining out, shopping, and traveling, offering attractive rewards and cashback options.
Key benefits include earning reward points on every purchase, discounts on dining, and exclusive offers on travel bookings. Cardholders can also enjoy a complimentary Priority Pass membership, which grants access to over 1,000 airport lounges worldwide, making travel more comfortable.
The Kotak League Platinum Credit Card is highly recommended for those looking for a credit card with versatile benefits and rewards. It is particularly suited for frequent travelers and those who spend regularly on dining and shopping. With its wide array of features, this card offers great value and convenience to its users.
Table of Contents
Kotak League Platinum Credit Card: Feed and Charges
| Joining Fee | Rs. 499 + GST |
| Renewal Fee | Rs. 499 + GST |
| Best Suited For | Movies |
| Reward Type | Reward Points |
| Welcome Benefits | Get a movie voucher worth Rs. 500 on payment of the joining fee. |
| Spend-Based Waiver | Annual fee waiver of Rs. 500 on annual spending of Rs. 50,000. |
| Fuel Surcharge | 1% waiver on fuel transactions between Rs. 500 and Rs. 3,000. |
| Rewards Redemption Fee | Nil |
| Foreign Currency Markup | 3.5% on the conversion amount |
| Interest Rates | 3.50% per month (42% per annum) |
| Cash Advance Charges | Rs. 300 on the withdrawal amount |
Kotak League Platinum Credit Card Features and Benefits
The Kotak League Platinum Credit Card offers a range of privileges, including rewards, vouchers, movie tickets, fuel benefits, travel benefits, and more. Here are the detailed features and benefits of this card:
Reward Points:
With the Kotak League Platinum Credit Card, you can earn up to 8X reward points on your transactions:
- 8 Reward Points per Rs. 150: On special categories like airlines, travel agencies, tour operators, electric sales, departmental stores, and durable goods.
- 4 Reward Points per Rs. 150: On all other spends.
- 8 Reward Points across all Spends: Once you reach an annual spending milestone of Rs. 2 lakh, irrespective of the spending category.
Welcome Benefit:
As a welcome gift, you receive a movie voucher worth Rs. 500 upon payment of the joining fee. This voucher will be sent to your registered phone number or email and can be redeemed through the League Platinum card variant, providing immediate value to new cardholders.
Milestone Benefits:
The card rewards significant spending with two attractive options:
- 4 Free PVR Tickets: Upon spending Rs. 1,25,000 every six months. These tickets are transferable and can be used for any show on any day within the offer period. You will receive a Star Pass Code to redeem online at PVR cinemas.
- 10,000 Reward Points: Credited in the next billing cycle and redeemable for movie tickets, airline bookings, mobile recharges, and purchases at select merchant stores.
You can earn up to 8 free PVR tickets annually. Complimentary tickets must be used within three months of issuance, and if the ticket cost exceeds Rs. 400, the cardholder pays the difference.
Fuel Surcharge Waiver:
Cardholders enjoy a 1% waiver on fuel surcharges for transactions between Rs. 500 and Rs. 3,000, up to a maximum waiver limit of Rs. 3,500 annually. However, no reward points are accrued on these transactions.
Railway Surcharge Waiver:
The card offers a railway surcharge waiver of up to Rs. 500 annually on transactions made at the IRCTC website or Indian Railways booking counters, adding another layer of savings for frequent train travelers.
Renewal Fee Waiver:
To reward loyal customers, the card provides a waiver on the annual fee of Rs. 500 if annual spending exceeds Rs. 50,000. This benefit makes it easier to maintain the card without extra costs.
Fraud Liability Protection:
The Kotak League Platinum Credit Card includes fraud liability protection up to Rs. 1,25,000 in case of card theft or loss, covering transactions made up to seven days before reporting the incident. This feature ensures peace of mind and financial security in case of unfortunate events.
Exclusive Services:
The card offers an exclusive ‘KASSIST’ service for its League Platinum cardholders. If you have any issues or queries, you can send an SMS with ‘KASSIST’ to 5676788, and a customer service representative will call you back within 30 minutes. Additionally, you can avail of services like utility bill payment and cheque collection via the League Priority Attend Service.
Overall, the Kotak League Platinum Credit Card is a versatile choice for those who enjoy rewards and benefits across multiple categories, making everyday spending more rewarding and convenient.
Kotak Bank League Platinum Card Eligibility Criteria
To apply for the Kotak Bank League Platinum Credit Card, you must meet certain eligibility requirements. Here’s what you need to know:
Residency and Age:
| Residency | The applicant must be a resident of India. |
| Age | The applicant should be between 21 years to 65 years old. |
Income Requirements
- Net Income: Whether self-employed or salaried, the applicant must have a net annual income of Rs. 5,00,000 or above.
Location Availability
- Service Locations: The Kotak Bank League Platinum Credit Card is available in the following cities:
- Chandigarh
- Chennai
- Delhi (including Gurgaon and Noida)
- Hyderabad
- Kolkata
- Mumbai
- Pune
- Ahmedabad
- Bangalore
Documents Required For Kotak Bank League Platinum Card
To apply for the Kotak League Platinum Credit Card, you need to submit or upload the following documents:
Identity Verification:
| PAN Card | Essential for identification and tax purposes. |
| Passport-Sized Photograph | A recent photograph for identification. |
Proof of Identity (One of the following)
| Aadhar Card | Serves as both identity and address proof. |
| Voter’s ID | Valid proof of identity. |
| Passport | Another valid proof of identity. |
| Driving License | Can also be used as proof of identity. |
Proof of Income
| Latest Bank Statements | Typically the last three months’ statements. |
| Salary Slips | Recent salary slips if you are a salaried employee. |
| Latest ITR (Income Tax Return) | Required for self-employed individuals. |
Meeting these eligibility criteria and providing the necessary documentation will facilitate the application process for the Kotak League Platinum Credit Card. This ensures a smooth and efficient approval process, allowing you to enjoy the numerous benefits and features this card offers.
How to Apply for the Kotak League Platinum Credit Card?
You can apply for the Kotak League Platinum Credit Card conveniently online or offline. Here’s how:
Online Application Process
Follow these steps to apply online for the Kotak League Platinum Credit Card:
- Visit the Kotak Cards Website: Navigate to https://cards.kotak.com/ and click on the “Apply Now” button at the top of the page.
- Explore Products: Under the section ‘Explore Products,’ select ‘Cards’ and then choose ‘Credit Cards.’
- Select the Kotak League Platinum Credit Card: Locate the Kotak League Platinum Credit Card from the list of credit cards available and click on “Apply Now” below its description.
- Fill Out the Application: Follow the online instructions to fill out the application form. Provide accurate details such as personal information, contact details, income details, etc.
- Upload Documents: Upload scanned copies of the required documents, including PAN Card, photograph, identity proof, address proof, and proof of income.
- Submit Application: Review all the information provided and submit your application. Upon successful submission, you will receive an acknowledgment and reference number for tracking your application status.
Offline Application Process
Visit your nearest Kotak Bank branch with the following documents:
- PAN Card
- Passport-sized photograph
- Identity Proof (Aadhar Card, Voter’s ID, Passport, Driving License)
- Address Proof (Aadhar Card, Utility Bills, Driving License)
- Proof of Income (Bank Statements, Salary Slips, Latest ITR)
Fill out the physical application form provided by the bank and submit the required documents along with it. A bank representative will assist you throughout the application process.
Ensuring Safety and Security While Applying to Kotak
#1. Secure Online Platform
When you apply for a Kotak credit card online, your information is protected through several layers of security. The Kotak Cards website utilises state-of-the-art encryption protocols, including Secure Sockets Layer (SSL) technology. This encryption ensures that all data transmitted between your browser and Kotak’s servers remains private and secure. It prevents unauthorised access to your personal and financial details, safeguarding them from potential cyber threats.
#2. Document Handling
For customers opting to apply offline at Kotak Bank branches, stringent measures are in place to maintain the confidentiality of physical documents. Authorised personnel handle your documents with care, ensuring they are securely stored and processed. This minimises the risk of unauthorised access or mishandling of sensitive information. By adhering to strict security protocols, Kotak Bank maintains the integrity and privacy of your personal documents throughout the application process.
#3. Fraud Protection
Kotak Bank employs advanced fraud detection and prevention measures to safeguard against fraudulent activities. Real-time monitoring systems continuously scrutinize transactions for unusual patterns or suspicious behavior. If any suspicious activity is detected, Kotak’s systems promptly alert security teams for immediate action. These measures not only protect your financial transactions but also mitigate the risk of identity theft and unauthorized use of your credit card information.
#4. Customer Support
Throughout the credit card application journey, Kotak Bank provides robust customer support to address any concerns or queries you may have. A dedicated helpline is available for assistance, offering prompt resolution of issues related to your application or account. Additionally, Kotak’s extensive branch network allows you to access personalized support from knowledgeable staff members. Whether you choose to apply online or visit a branch, Kotak ensures that you receive comprehensive support to facilitate a smooth and hassle-free experience.
Why Choose the Kotak League Platinum Credit Card?
The Kotak League Platinum Credit Card offers a compelling package of rewards and benefits tailored to meet the diverse needs of customers. With its attractive reward points system, milestone benefits, and exclusive services, it stands out as a valuable tool for managing everyday expenses and enhancing overall lifestyle. Here are several reasons why you should consider choosing the Kotak League Platinum Credit Card:
Comprehensive Rewards
One of the standout features of the Kotak League Platinum Credit Card is its robust rewards program:
High Earning Potential: You can earn up to 8X reward points on transactions in specific categories such as airlines, travel agencies, and departmental stores. For all other transactions, you earn 4 reward points per Rs. 150 spent.
Annual Milestone: Once you reach an annual spending milestone of Rs. 2 lakh, you earn 8 reward points across all spending categories, making it easier to accumulate points quickly and efficiently.
Cost Savings
The card offers significant savings through various waivers and benefits:
Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000, with an annual cap of Rs. 3,500. This can lead to considerable savings for those who frequently refuel their vehicles.
Railway Surcharge Waiver: Receive a railway surcharge waiver of up to Rs. 500 annually, adding value for frequent train travelers.
Annual Fee Waiver: The card provides a spend-based waiver on the annual fee. If you spend Rs. 50,000 or more in a year, the annual fee of Rs. 500 is waived, making it cost-effective to maintain the card.
Security and Support
Kotak ensures your financial security and provides dedicated support:
Fraud Liability Protection: The card offers protection against fraudulent usage up to Rs. 1,25,000 in case of theft or loss, covering transactions made up to seven days before the incident is reported.
KASSIST Service: The exclusive ‘KASSIST’ service ensures that customer support is just an SMS away. By sending ‘KASSIST’ to 5676788, you will receive a call back within 30 minutes. This service also facilitates utility bill payments and cheque collection.
Comparison with Other Similar Credit Cards
When evaluating credit cards similar to the Kotak League Platinum Credit Card, it’s essential to consider their unique features and benefits:
#1. SBI SimplyCLICK Credit Card
The SBI SimplyCLICK Credit Card, with an annual fee of Rs. 499, focuses on rewarding online shopping. Cardholders earn 10 reward points per Rs. 100 spent on select online partners and 5 points on all other online expenditures. This card is ideal for individuals who frequently shop online and seek to maximise rewards on digital transactions.
#2. HDFC MoneyBack Credit Card
With an annual fee of Rs. 500, the HDFC MoneyBack Credit Card offers cashback rewards. Cardholders earn 4 reward points per Rs. 150 spent online, which can be redeemed for cash back against outstanding card dues or redeemed as points on travel and merchandise. This card appeals to users looking for straightforward cashback benefits on their expenditures.
#3. Axis Bank Privilege Credit Card
Priced at Rs. 1,500 annually, the Axis Bank Privilege Credit Card offers premium rewards across all spending categories. Cardholders earn 10 reward points per Rs. 200 spent, making it suitable for those seeking comprehensive rewards and benefits, including lifestyle privileges and travel perks.
#4. Citi Rewards Credit Card
The Citi Rewards Credit Card, with an annual fee of Rs. 1,000, targets shoppers with a focus on apparel and departmental stores. Cardholders earn 10 reward points per Rs. 125 spent in these categories, making it advantageous for frequent shoppers who prioritize fashion and lifestyle purchases.
#5. Standard Chartered Platinum Rewards Credit Card
At an annual fee of Rs. 250, the Standard Chartered Platinum Rewards Credit Card offers 5 reward points per Rs. 150 spent at fine-dine outlets. This card is designed for individuals who enjoy dining out and wish to earn rewards on their restaurant expenditures.
Why the Kotak League Platinum Credit Card is unique
When compared to other credit cards available in the market, the Kotak League Platinum Credit Card stands out due to its unique blend of rewards and benefits:
#1. Reward Points:
While many credit cards offer reward points, the Kotak League Platinum Credit Card’s ability to earn up to 8X points on specific categories and across all spends after reaching an annual milestone is distinctive. This high earning potential makes it an excellent choice for those who want to maximise their rewards on everyday purchases and specific high-spending categories.
#2. Milestone Rewards
Unlike some credit cards that offer generic rewards, the Kotak League Platinum Credit Card provides flexibility with milestone rewards. Cardholders can choose between receiving 4 free PVR tickets or 10,000 bonus reward points upon spending Rs. 1,25,000 every six months. This choice allows cardholders to tailor their rewards to their personal preferences and lifestyles.
#3. Surcharge Waivers
Many credit cards offer a fuel surcharge waiver, but the Kotak League Platinum Credit Card goes a step further by including a railway surcharge waiver. This additional benefit is particularly valuable for those who frequently travel by train, providing extra savings on their travel expenses.
#4. Annual Fee Waiver
The spend-based annual fee waiver of Rs. 50,000 is relatively accessible compared to higher thresholds required by some other cards. This makes it easier for cardholders to maintain the card without incurring additional costs, especially for those who use their card frequently.
Conclusion
In conclusion, the Kotak League Platinum Credit Card offers a balanced mix of rewards, benefits, and security features, making it an excellent choice for individuals seeking a versatile and rewarding credit card. Whether you are a frequent traveler, movie enthusiast, or someone who wants to maximise rewards on everyday spending, this card has something valuable to offer. Its high reward points, milestone benefits, surcharge waivers, and dedicated customer support services enhance your spending experience while providing significant savings and convenience.
FAQs
Q1. What are the eligibility criteria for the Kotak League Platinum Credit Card?
A1. To be eligible, you must be an Indian resident aged between 21 and 65 years with a net annual income of Rs. 5,00,000 or above. The card is available in cities like Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Pune, Ahmedabad, and Bangalore.
Q2. What benefits do I receive upon joining the Kotak League Platinum Credit Card?
A2. New cardholders receive a movie voucher worth Rs. 500 upon payment of the joining fee. This voucher is communicated via SMS or email to the registered phone number or email ID. Additionally, cardholders can earn up to 8X reward points on specific categories and enjoy milestone rewards such as free PVR tickets or bonus reward points.
Q3. How does the reward points system work for the Kotak League Platinum Credit Card?
A3. Earn 8 reward points per Rs. 150 spent on special categories (airlines, travel agencies, etc.).
Earn 4 reward points per Rs. 150 spent on all other transactions.
After spending Rs. 2 lakh annually, earn 8 reward points on all categories.
Q4. What are the surcharge waivers provided by the Kotak League Platinum Credit Card?
A4. Fuel Surcharge Waiver: 1% on transactions between Rs. 500 and Rs. 3,000, up to Rs. 3,500 annually.
Railway Surcharge Waiver: Up to Rs. 500 annually on transactions at the IRCTC website or Indian Railways booking counters.
Q5. What should I do if my Kotak League Platinum Credit Card is lost or stolen?
Immediately report the loss to Kotak Bank customer service to block the card. The card offers fraud liability protection up to Rs. 1,25,000, covering fraudulent usage up to seven days before reporting the loss. The ‘KASSIST’ service provides prompt support and assistance.