Kotak PVR Credit Cards Review

Kotak Mahindra Bank, in collaboration with PVR Cinemas, has launched credit cards in two variants- Kotak PVR Platinum Credit Card and Kotak PVR Gold credit card. Both these cards are targeted at the youngsters to offer movie benefits in the form of free tickets. Users can avail up to 2 free movie tickets per month if they meet the spending conditions set by the bank for each billing cycle.  However, there are no benefits on the card for any other category whatsoever. Here is a detailed review of Kotak PVR Credit Cards.

PVR Movie Offer

The same movie benefit is offered on Gold and Platinum variants. Cardholders can get up to 2 free movie tickets worth Rs. 400 each on reaching the spending threshold for the said billing cycle. The card rewards free movie tickets in the following order:

As you can see, the cards are too narrow in terms of rewards and benefits they offer. Many people who don’t go to the movies as often or people who won’t be able to spend Rs. 10,000 in a month may not find these cards beneficial. As opposed to that, if you regularly manage to spend Rs. 15,000 or more, this may seem like a good deal.

Although Kotak PVR credit cards are movie cards and don’t offer any other benefits, there are a lot of terms and conditions applied on the offer. You cannot book a ticket at all the PVR Cinema theatres; nor can you avail premium seats at the participating theatres. There is also a cap of Rs. 400 per ticket and you must redeem the tickets within 2 billing cycles.

Kotak PVR Credit Cards Movie Offer Comparison

As said above, there are several terms and conditions on the movie benefit of these Kotak Credit Cards. There are several other cards in the market in similar annual fee range that come with better offers on movie tickets.

If you wish to go a little higher with the annual fee, you may try YES FIRST Preferred Credit Card. It not only offers 25% off on movie tickets booked through BookMyShow but also other benefits like reward points, multiple redemption options, golf benefit, Priority Pass membership and charges only Rs. 2,500 as annual fees. The only difference could be in terms of ease of approval. The eligibility criteria for Kotak Credit Cards might be more relaxed than that for the YES Bank Credit Card.

Click here to read full review of YES FIRST Preferred Credit Card.

Drawbacks of PVR Platinum Credit Card

Kotak PVR credit cards are dedicated movie rewards credit cards. So, they do not provide any offer or benefit outside of this field. It is very disappointing to see that the cards do not even offer any reward points on the purchases, which is a common feature across all credit cards in the market. And, on top of that, the cards charge annual fee of Rs. 499 and Rs. 999 which in a way is not justified.

Customers who want a much more rewarding experience should definitely consider other credit cards.

Who should get Kotak PVR Credit Cards?

We have curated a list of questions that will help you decide whether Kotak PVR credit cards are a good choice for you or not. If you find that you agree with most of the below given statements then you may apply for one of the PVR cards.

• You can easily spend Rs. 10,000 via a credit card in a month
• You love going to the movies
• You don’t require travel benefits, lounge access, or other benefits from your credit card
• You Prefer going to PVR Cinemas over other movie theatres
• There are PVR Cinemas near you other than Director’s Cut, Imax, P[XL], 4DX, Playhouse, Opulent theatres
• You don’t want to book Europa or Gold seats at PVR Cinemas

Bottom Line

The Kotak PVR Credit Cards are not suited for everyone as they do not provide much in terms of rewards or benefits. Also, the movie tickets are restricted to PVR Cinemas only. On top of all this, the card charges an annual fee without offering waiver conditions. For this price, you can easily find other cards that offer better rewards and privileges.