PVR Kotak Platinum Credit Card This credit card from Kotak Mahindra Bank is ideal for die-hard cinema lovers and those who often go to PVR Cinemas. Apart from getting free movie tickets and earning cash back for food and beverages, this credit card provides insurance benefits and is a package deal for any entertainment lover.
PVR Kotak Platinum Credit Card
Joining Fee:
Nil
Best Suited :
Movie enthusiasts
Renewal Fee:
Rs. 999 + GST
Reward Type:
Reward Points
Welcome Benefits:
N/A
Key Features of the PVR Kotak Platinum Credit Card
The PVR Kotak Platinum Credit Card comes with certain unique feature points that make it exciting for any movie lover visiting the theaters frequently. Summary of what you get to enjoy here:
1. Zero Joining Fee
Unlike other credit cards, which have hefty joining fees, the PVR Kotak Platinum Credit Card has no joining fee at all and is free to get. This cuts down the cost of a card that people should look for while hunting for value without a price.
2. Renewal Fee
There is no joining fee, but there is an annual renewal fee for the PVR Kotak Platinum Credit Card at Rs. 999, GST applicable from the second year onwards. This fee nearly seems a tad steepish, but the free ticket to the PVR movies and cash can easily nullify this amount.
3. Free PVR Movie Tickets Every Month
Movie benefits are the central takeaways of PVR Kotak Platinum Credit Cards. The earning of two free movie tickets at PVR is guaranteed for cardholders provided they have made Rs 10,000 or above in a billing cycle. It becomes highly valuable in case of frequent visits to movies, as the total worth of tickets can reach a maximum of Rs. 800, i.e., Rs 400 per ticket. Whether you want to catch up on the latest blockbuster over the weekend or during the middle of the week, with these free tickets, you can avail them on any show, on any day of the week.
4. Cashback on Movie Tickets
Another amazing feature of the PVR Kotak Platinum Credit Card is that you get 5% cash back on the tickets of PVR movies booked through the card. And if you are a moviegoer who loves visiting theaters for movie trips, this cashback can be pretty helpful to save those all dollars you would have paid toward movie outings.
5. Cashback on Food & Beverages at PVR
It is not just the movie tickets that save money. Watching at PVR cinemas through the PVR Kotak Platinum Credit Card comes with cashback on food and beverages amounting to 15%. Whether a ticket holder buys a bag of popcorn, a snack, or a beverage, the cashback will surely have him save a lot on his cinema experience.
6. Reward Redemption Process
Redeeming your movie ticket is quite easy. Once you spend Rs. 10,000 in a billing cycle within the month, a coupon code for two free tickets at PVR reaches your registered mobile number. This expires after two months, so you get more than enough time to finalize your next big screen visit.
To redeem your coupon code, you can either:
- Send an SMS: Send a text message in the following format: “PVRKCC [First three letters of the month]” (e.g., “PVRKCC JUL”) to 5676788 from your registered mobile number, or
- Use Net Banking: Redeem coupons on the Kotak Bank website itself through net banking.
This flexible reward system enables cardholders to redeem movie tickets easily and conveniently.
7. Insurance Coverage
Another benefit the PVR Kotak Platinum Credit Card offers is insurance coverage in case your card gets lost or stolen. Kotak Bank will cover up to Rs. 75,000 in insurance coverage in case your card gets lost or stolen and has unauthorized transactions made on it. This is especially useful as it provides you with the comfort of safety when managing your purse.
8. Zero Liability Protection
Apart from insurance, the PVR Kotak Platinum Credit Card protects lost or stolen cards by ensuring zero liability protection. As a result, this would ensure that you do not have liability for any transaction in case unauthorized transactions have been conducted and the card is reported as lost or stolen. Therefore, with these great features of safety, you can make sure that the card will give you the requisite confidence to use it.
Additional Card Information and Features
Besides the above movie-related benefits, here are some other things you might like to know about the PVR Kotak Platinum Credit Card:
Foreign Currency Markup
For those traveling abroad and making purchases in foreign currency, the PVR Kotak Platinum Credit Card levies a 3.5% foreign currency markup charge on all international transactions across both online and overseas travel purchases.
Interest Rate
The interest on this credit card would be 3.5% p.m. on any leftover balance. Similar to every credit card, it is always a good idea to pay the bill before the interest-free period expires to avoid any such charges.
Fuel Surcharge
With that in mind, the card also has a 1% fuel surcharge levied at all fuel stations in India. This could be a negative for people looking to use the card for fueling up, but the card is primarily intended for movie-related expenditures, and fuel benefits are not its mainstay.
Cash Advance Charges
If you withdraw cash, it attracts a cash advance fee of Rs. 300 per every Rs. 10,000 withdrawal. Like with any other credit card, do not withdraw cash. It attracts some fresh high interest and fresh charges.
No Lounge or Travel Benefits
It must also be noted that the PVR Kotak Platinum Credit Card does not endorse the idea of using it for travel-related purposes. It neither offers any domestic or international lounge privileges nor such travel-related benefits as air miles or free hotel stays. Its objective is still focused primarily on maximizing the movie viewing experience and providing relevant entertainment-related reward programs.
No Spend-Based Waiver
While in many credit cards, the annual renewal fee is waived on spending some minimum amount, the PVR Kotak Platinum Credit card doesn’t offer any such spend-based waiver. A renewal annual fee of Rs 999 is charged to the cardholder regardless of their spending.
How to Apply for the PVR Kotak Platinum Credit Card
Application for the PVR Kotak Platinum Credit Card is highly easy. You can either apply online or even visit the nearest Kotak Bank to get it done there.
Online Application Process
To apply for the PVR Kotak Platinum Credit Card online, follow the below-given procedure.
- Visit Kotak Bank’s official website.
- Then click on the PVR Kotak Platinum Credit Card option.
- Click on the “Apply Now” button.
- Fill in all the required information, like your name, email ID, mobile number, and income details.
- Submit your application for approval.
- Upon approval, the credit card will be delivered to your registered address.
Offline Application Process
You can apply for the PVR Kotak Platinum Credit Card by visiting the nearest Kotak Bank branch. Request an application form from the staff, fill in the details requested, and submit it along with any other required documents, such as proof of identity, proof of address, and your income proof.
Review: Is the PVR Kotak Platinum Credit Card Worth It?
The free tickets to movies and cashback on food and beverages at PVR make the PVR Kotak Platinum Credit Card brilliant for any movie fan, especially if they visit PVR Cinemas frequently. The card also provides ample savings from its various insurance benefits, zero joining fees, and zero liability protection.
If it is the travel benefits, lounge access, or rewards on daily spending like groceries or eating out of the cinemas, then this card perhaps is not meant for you. PVR Kotak Platinum Credit Card is very niche in its offerings and limited to only pure entertainment-based rewards, mainly out-of-cinema outings at PVR.
Conclusion
If you are a movie freak, this is one good card for you; beyond free PVR movie tickets, cashback on movie tickets, and discounts on food and beverages at PVR cinemas, the card’s benefits are niche in nature, mainly catering to PVR cinemas. Instead, the other features, such as insurance coverage and zero liability protection, will attract the eye of that person who boasts entertainment rewards. In case you are a frequent visitor to PVR Cinemas, this card would save you a lot of money on your movie outing expenditure. It would, therefore, be a good addition to your wallet.
Frequently Asked Questions (FAQs)
Q1: What are the eligibility criteria for applying for the PVR Kotak Platinum Credit Card?
Ans. The eligibility criteria are generally that the person should either be salaried or self-employed, possess a good credit score, and meet the income requirements of Kotak Bank. The details can be obtained on the website of Kotak Bank, or it can be contacted by the same bank representative.
Q2: How can I make use of my free PVR movie tickets?
Ans. You can enjoy free movie tickets at PVR through either an SMS (PVRKCC [first three letters of the month] to 5676788) or Kotak Bank’s net banking facility.
Q3: Are there any joining fees for the PVR Kotak Platinum Credit Card?
Ans. No, the PVR Kotak Platinum Credit Card imposes zero joining fees.
Q4: Does the PVR Kotak Platinum Credit Card support international transactions?
Ans. Yes, but a foreign currency markup fee of 3.5% will be charged on all foreign currency transactions.
Q5: Is there any dining or shopping benefit with this card?
Ans. Dining and shopping benefits are very limited to PVR Cinemas. Cashback is offered at 15% on food and beverages at PVR; no other benefit of dining or shopping is available with the card outside the cinema experie