Kotak Privy League Signature Credit Card
Travel
Reward Points
Travel
2.5X reward points on travel spends
Shopping
2.5X rewards on everyday spends
Lounge Access
Up to 8 lounge visits every year
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About Kotak Privy League Signature Credit Card
Kotak Privy League Signature Credit Card is designed for Privy League customers looking to save on their online and offline spends. The card offers accelerated rewards (5 points per Rs. 100) on multiple categories, including apparel, groceries, departmental stores, travel agencies, jewellery, and more, making it a practical option for everyday spends. Besides this, it offers a base reward rate of 2 points per Rs. 100 spent on other categories.
Another good thing about this card is that it comes with the option to choose between the Shoppers or Travellers plan, giving flexibility to cardholders to select categories as per their preferences. Besides rewards, travel benefits like complimentary lounge visits worldwide and a low forex markup fee of 2% make this card a suitable option for international travel as well.
However, one important thing to note is that this card works differently as it is offered in two variants — paid and lifetime free. While the paid variant offers higher value-back, the free variant comes with limited travel benefits. By paying an annual fee of Rs. 2,500, consumers can maximize benefits of this card.
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 Benefits
Rewards Program for Paid Variant
Shopper’s Plan
- 5 reward points per Rs. 100 spent on select categories, including apparels, grocery, consumer durable, multi-brand online and departmental stores
- 2 reward points per Rs. 100 spent on other categories1,2
Traveller’s Plan
- 5 reward points per Rs. 100 spent on select categories, including airlines, hotels, duty free, international spends and travel agencies
- 2 reward points per Rs. 100 spent on other categories1,2
Other Features & Benefits
Complimentary Lounge Access
- Complimentary Priority Pass Membership for the first year with the free variant
- Complimentary Priority Pass Membership along with 4 complimentary international lounge visits every year with the paid variant
- 2 complimentary lounge visits every quarter Dream Folks Lounges
Forex Markup fee
- Low forex markup fee of 2% (for Paid variant) and 3.5% (for Free variant)
Milestone Benefit
- 6,400 reward points every quarter on minimum monthly spends of Rs. 1,000
Kotak Privy League Signature Credit Card: Fees & Charges
| Fee Type | Amount | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Nil | ||||||||||||||||
| Annual/ Renewal Fee | Rs. 2,500 + Applicable Taxes/ Nil | ||||||||||||||||
| Finance Charges | 3.5% p.m. | 42% p.a. | ||||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if
You are a Kotak Privy League Customer and looking to save on day to day spends
You value the flexibility to choose between shopping or travel focused benefits
You are looking for a rewards credit card with basic travel benefits
You are a frequent traveller looking for an option to save on international spends
Eligibility Criteria
Banking Relationship: Privy League Insignia Customers
Min. Age: 21 years
Max. Age: 60 years
Paisabazaar Review
What do we like about this card?
With accelerated rewards across multiple categories, including apparel, grocery, airlines, hotels, departmental stores, and restaurants, this card is a decent option for consumers who prefer to put most of their expenses on their credit card. Additionally, cardholders can choose between the Shoppers and Traveller’s plan, offering flexibility to avail benefits as per their preferences and requirements. Also, travel benefits like complimentary lounge visits and a low forex markup fee further enhance the card’s value for frequent travellers. Overall, at an annual fee of Rs. 2,500, the card offers decent all-round benefits for Privy League customers.
Pros
- Accelerated rewards on travel and day-to-day spends
- Flexibility to choose between Traveller’s and Shopper’s plan
- Option to opt for lifetime free or paid variant
- Complimentary domestic & international lounge visits (with paid variant)
- Low forex markup fee of 2% (with paid variant)
Cons
- Low reward redemption value of 1 RP = Rs. 0.25
- No travel and lifestyle related benefits with the free variant
- No annual fee waiver option for the paid variant
- Eligibility limited to Privy League Insignia customers
Frequently Asked Questions
Everything you need to know about this credit card
Customers who have maintained Privy League relationship with Kotak Mahindra Bank can apply for this credit card.
Yes, you can use this credit card for international spends. The paid variant charges a low forex markup fee of 2%, making it suitable for overseas expenses. However, the free variant comes with a higher forex markup fee of 3.5%.
Yes, the card offers complimentary Priority Pass membership along with 4 complimentary international lounge visits per year (with the paid variant). It also offers 2 complimentary domestic lounge visits every quarter at DreamFolks lounges.
No, this credit card does not offer rewards on fuel and rent payments. However, you can save up to Rs. 4,500 per year on fuel spends through a 1% fuel surcharge waiver.
Yes, you can redeem accumulated reward points against cash, as well as for mobile recharges, products, and vouchers through the rewards portal, at a value of 1 Reward Point = Rs. 0.25.
Footnotes
- 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. 75,000 and fuel spends exceeding Rs. 50,000.
- No rewards on education and insurance spends above Rs. 1 Lakh; on utility and government spends above Rs. 75,000; on online gaming spends above Rs. 15,000; and on wallet loads above Rs. 10,000. Additionally, there are no rewards or cashback on fuel and rent payments.
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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