Kotak League Platinum Credit Card: The Kotak League Platinum Credit Card, is a card designed specially for the working professional who have difficultly to manage work and home equally. So, that it is easy to manage personal finances, with lots of exciting cashbacks on lifestyle and entertainment spends.
The card is a reward-focused credit card that offers good value-back on all your spends in the form of reward points. After reaching a pre-set annual spending threshold, you can earn extra reward points, basically best option for the people who are higher spenders.
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Kotak League Platinum Credit Card
1. Features and Benefits:
The Kotak League Platinum Credit Card offers multiple privileges for different categories, including rewards, free vouchers, free movie tickets, fuel benefits, travel benefits and much more.
Here we have mentioned the features and benefits offered by the Kotak League Platinum Credit Card:
- Welcome Benefits: On payment for the joining fee you get a movie voucher worth Rs. 500 as a welcome gift and the movie voucher can be availed by league platinum card variant only. Information regarding the movie voucher you will get on your registered mobile number. And also get other benefits such as, Taj Epicure Membership, Kaya Skin Clinic Vouchers, and Golf Club Membership.
- Milestone Benefits: Get 4 free PVR tickers or 10,000 bonus reward points, on the spend of Rs. 1.25 lakh every 6 months.
- Travel Benefits: Transactions at the IRCTC website or at Indian Railways Booking Counters, you get a railway surcharge waiver of up to Rs 500 annually.
- Fraud Liability: In case of theft or loss of card up to 7 days, get a protection liability up to Rs 1,25,000.
- Fuel Surcharge Waiver: On all fuel transactions between Rs. 500 to Rs. 3,000, The maximum fuel surcharge waiver is subject to the limit of Rs 3500, get a fuel surcharge waiver of 1%, at fuel pumps all over India (waiver capped at Rs. 100 per statement).
- Renewal Fee Waiver: On annual spending of Rs 50,000 or above, you get spend based waiver on the annual fee of Rs 500.
- Complimentary Insurance Benefits:Lost Card Liability Cover against fraudulent usage up to Rs. 1.25 lakh up to 7 days pre-reporting.
2. Fees and Charges:
- The joining fees is- Rs. 499
- The Annual fee or Renewal fee charges are- Rs. 499 (Waived off on spending Rs. 50,000 in a year).
- The Cash Withdrawal Fee, Rs. 300 of the withdrawn amount should be paid as cash advance fee on all cash withdrawals made using this card.
- For Interest Rate you have to pay an interest rate of 3.40% per month (or 42% p.a.) which is applicable to the amount due on the card’s statement if you are unable to clear all your dues within the payment due date.
- On all the Foreign currency transaction, you have to pay forex fee of 3.50% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: Less than or equal to Rs. 500: Rs. 100, Between Rs. 500 to Rs. 1,000: Rs. 500, and for Above Rs. 10,000: Rs. 700.
3. Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Kotak League Platinum credit card are as follows:
- The age limit for applying for this card is 21-65 years of age.
- The cardholder should be an Indian resident and also should be a resident of Ahmedabad, Chandigarh, Delhi NCR, Mumbai & Navi Mumbai, Bangalore, Chennai, Hyderabad, Pune and Kolkata.
- The cardholder should have a stable source of income either through salary or if self-employment with the income Rs 5,00,000 or above.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for Kotak League Platinum credit card:
For Kotak League Platinum credit card you can apply either online or offline. For offline mode, you can visit your nearest Kotak Bank branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your Kotak League Platinum credit card:
- Step 1: Visit Official website of the Kotak Bank- www.kotak.com
- Step 2: Select your ‘credit card’ in the ‘card’ option, under the section ‘Explore Products’.
- Step 3: Next, choose the ‘PVR Kotak Gold Credit Card’.
- Step 4: Then, click on ‘Apply Now’.
- Step 5: Enter all the requested details and providing the required documents and ‘submit’ it.
This the way in which you can apply for Kotak League Platinum credit card online.
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