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Kotak Mahindra Privy League Signature Credit Card is a premium credit card. The card offers benefits such as Priority Pass membership, free PVR movie tickets and so forth. To know more about this credit card continue reading.
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Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit the Kotak Mahindra Bank website.
The features and benefits associated with Kotak Mahindra Privy League Signature Credit Card are listed below.
Reward Points (Paid Card) Customers earn Reward Points on every Rs. 100 they spend. 5x reward points are earned on apparels, grocery, consumer durables, departmental stores, airlines, hotels, duty free, international spends and travel agencies transactions. 2X Reward Points are earned on other transactions
Reward Points (Free Card) Customers earn Reward Points on every Rs. 100 they spend. 5x reward points are earned on apparels, jewellery, consumer durable, restaurants, departmental stores, airlines, hotels, restaurants, international spends and travel agencies transactions. 2X Reward Points are earned on other transactions
Reward Points Value The value of each reward point is Re. 0.25
Reward Redemption Customers can redeem their reward points against air tickets, merchandise and so on. Customer can also get statement credit wherein 400 points will be converted to Rs. 100 and be credited into the users account every three months
Priority Pass Customers can enjoy priority pass benefits in the following manner
| Variant | Benefit | Annual Savings |
| Free Variant | Priority Pass Membership | Approx. 7,425 (USD 99+GST) |
| Paid Variant | Priority Pass Membership + 4 free visits | About 15,525 (USD 99+GST+USD 27*4) |
Do note Paid variant requires customers to pay an annual fee of Rs. 2,500. The annual fee can be waived as long as the customer can maintain Insignia / True Optima Banking Relationship or spend Rs. 5.00 lakh in the previous anniversary year.
Movie Vouchers Get up to 4 free PVR movie tickets per quarter on spending Rs. 1,000 per month
Low Finance Charge The finance charge on this credit card is 2.49% per month or 29.88% per annum
Security Get up to Rs. 2.5 lakh as insurance against unauthorised transactions. The card covers transactions up to 7 days before the day of reporting
| Kotak Mahindra Privy League Signature Credit Card | |
| Good For: People who want a premium credit card Customers who want Priority Pass Membership Cardholders who want PVR movie vouchers | Bad For: People looking for a low-cost credit card Customers who prefer cashback Cardholders who want concierge service |
| Fee/Charge | Amount |
| Annual Fee | Rs. 2,500 (Only for Paid Variant) |
| Add-on Card Fee | Nil |
| Finance Charges (Interest Rate) | 2.49% pm / 29.88% pa |
| ATM Cash Withdrawal Charges | Rs. 300 |
| Late Payment Fee | For outstanding balance less than Rs. 500 – Rs. 100 For outstanding balance between Rs.500 and Rs. 10,000 – Rs. 500 For outstanding balance greater than Rs. 10,000 – Rs. 700 |
| Overlimit Fee | Rs. 500 |
| Cheque Bounce Charges | Rs. 500 |
| Foreign Currency Markup | 3.50% of the amount |
| Cash Payment Charges | Rs. 100 |
| Card Reissue/Replacement Charges | Rs. 100 |
| CIBIL Report Copy | Rs. 50 |
Since customers are required to have maintained a prior relationship with the bank; therefore, the bank might not ask for additional documents. However, there might be an exception and the bank may ask applicant certain documents to establish proof of address, income and identity. In that case customer can submit any one of the following documents.
| Proof of Identity | PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI |
| Proof of Address | Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement |
| Proof of Income | Latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement |
Customers who have maintained a Privy league relationship with the bank can apply for this credit card by getting in touch with their relationship manager at the bank. The relationship manager will then proceed ahead with the credit card application.
If customers do not have a Privy league relationship then they cannot get this credit card.
Who can apply for Kotak Mahindra Privy League Signature Credit Card?
Customers who have maintained Privy league relationship with Kotak Mahindra Bank may apply for this credit card.
What are the requirements to become a Privy league member?
To qualify as a privy league member the customer must meet the requirements of Maxima which are:
Do note that Maxima Plan is available in select cities only for other cities customers must meet the eligibility criteria of Prima which are:
What is the foreign currency mark-up fee on this credit card?
The foreign currency mark-up fee on this credit card is 3.50%
Is there an add-on card fee?
No, Kotak Bank does not charge a fee for an add-on credit card.
Please Note: Kotak Mahindra Bank is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.
