Kotak League Platinum Credit Card
Movies
Reward Points
1st Year Fee: ₹499* Plus Applicable Taxes
Travel
2X reward points on select travel spends
Rewards
2X rewards on select everyday spends
Movies
Up to 8 free movie tickets every year
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About Kotak League Platinum Credit Card
Kotak League Platinum Credit Card is primarily a rewards credit card offering accelerated benefits on select day-to-day and travel spends. The card works on a different spend-based reward structure. Cardholders can earn 2X rewards (8 points per Rs. 150) on air carriers, travel agencies & tour operators, package tour operators, electric sales, departmental stores and durable goods, making it a suitable option for everyday expenses. For other categories, it offers a base reward rate of 4 points per Rs. 150 spent for annual spends up to Rs. 2 Lakh, which increases to 2X rewards (8 points per Rs. 150) on annual spends exceeding Rs. 2 Lakh.
Despite being a rewards credit card, it lags behind with a maximum value-back of 0.53% in accelerated categories and 0.26% on other spends, primarily due to its low reward redemption value (1 RP = Up to Rs. 0.10), which impacts the overall value.
However, additional features like welcome benefits worth the joining fee, free movie tickets or rewards as milestone benefits and exclusive assistance services enhance the card’s value. This card is a suitable option for consumers looking for an entry level credit card with basic benefits.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit Kotak Mahindra Bank’s website.
Rewards Program
Reward Earning
- 8 reward points per Rs. 150 spent on Airlines and Air Carriers, Travel Agencies & Tour Operators, Package Tour Operators, Electric Sales, Departmental Stores and Durable Goods
- 8 reward points per Rs. 150 spent on other categories on reaching annual spends of Rs. 2 Lakh1,2
- 4 reward points per Rs. 150 on other categories on annual spends up to Rs. 2 Lakh1,2
Reward Redemption
- Redeem reward points against cashback at a value of 1 RP = Rs. 0.07
- Redeem accumulated reward points against mobile recharge, products & vouchers and more from the rewards catalogue at a value of 1 RP = Rs. 0.10
Other Features & Benefits
Welcome Benefit
- Reward points worth Rs. 500 after the payment of joining fee3
Milestone Benefits
- 4 free PVR tickets or 10,000 bonus reward points on spending Rs. 1.25 Lakh every 6 months4
League Priority Attend
- Exclusive assistant services for League Platinum cardholders
Fuel Surcharge Waiver
- 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 4,000, capped at Rs. 3,500 in a year
Kotak League Platinum Credit Card: Fees & Charges
| Fee Type | Amount | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 499 + Applicable Taxes/ Nil | ||||||||||||||||
| Annual/ Renewal Fee | Rs. 499 + Applicable Taxes/ Nil | ||||||||||||||||
| Finance Charges | 3.75% p.m. | 45% p.a. | ||||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if
You are looking for an entry level credit card with basic benefits
You frequently travel and want to earn accelerated rewards on select travel spends
You can spend Rs. 2 Lakh every year to maximize reward benefits
You are looking for a low annual fee or lifetime free credit card
Eligibility Criteria
Min. Age: 21 years
Max. Age: 60 years
Annual Income: Rs. 5 Lakh
Paisabazaar Review
What do we like about this card?
Kotak League Platinum is an entry-level credit card designed to offer accelerated value-back on select travel and day-to-day spends. Besides this, free movie tickets/bonus rewards as milestone benefits, welcome benefits worth Rs. 500 and exclusive assistance services add to the overall value. However, despite being a rewards credit card, it offers a maximum reward rate of 0.53% on select categories and a base reward rate of 0.26% on other categories, which is very low. Therefore, this credit card is a suitable option for new to credit consumers planning to start their credit journey with a basic card.
Pros
- 2X rewards on select travel spends
- Easily achievable spending milestone for annual fee waiver
- Exclusive League Priority Attend assistance services
- Free movie tickets or bonus rewards as milestone benefits
- Welcome benefits worth the joining fee
Cons
- Spend-based reward structure
- Very low reward rate of up to 0.53%
- No travel and lifestyle related benefits
Frequently Asked Questions
Everything you need to know about this credit card
Yes, you can visit the official website of the bank and apply online by submitting a duly filled application form along with the relevant documents. Besides this, you can also apply offline by submitting the application form at the nearest branch of the bank.
You can claim the free tickets within 3 months after the program period ends. After 3 months, you will not be able to get the benefit. For example, if you received your card in January and reached the spending milestone of Rs. 1.25 Lakh by July, you will have to claim the benefit by October, or else the privilege expires.
Yes, you can use this credit card for international spends. However, it charges a high forex markup fee of 3.5%. If you want to save on your international spends, you should opt for a credit card with a low or zero forex markup fee.
The welcome benefit is offered only with the joining fee variant. If you are getting the variant with the joining fee waived off, you would not be able to avail welcome benefit.
Yes, Kotak Mahindra Bank credit cards come with add-on card feature wherein you can apply for an add-on card for your family members. You can also set spending limit on each add-on card and track their spends.
Footnotes
- No reward points will be offered on utility spends above Rs. 35,000 per month. Wallet Load, Online skill-based gaming, Insurance, Government, Rent, Education and Fuel spends are not eligible for earning reward points.
- A 1% transaction fee is applicable on select categories exceeding monthly spend thresholds – wallet loading & online gaming exceeding cumulative spends of Rs. 10,000; utility spends exceeding Rs. 35,000 and fuel spends exceeding Rs. 25,000.
- The joining benefit is offered only on the paid variant.
- If you choose the reward points option, the bonus points will be credited into your credit card in the next billing cycle. Star Pass Code will be issued in case of PVR ticket benefit which can be redeemed online on PVR Cinema’s official website (Maximum ticket price Rs. 400).
Click here to know More Terms and Conditions
Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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