Kotak Bank Privy League Visa Signature Credit Card: The Kotak Bank Privy League Visa Signature Credit Card, is a premium card launched by Kotak Mahindra bank for its Privy customers. This is a Visa credit card and comes in two variants – the free and the paid variant and you are allowed to choose between two plans i.e., the Shopper’s Plan and the Traveller’s Plan depending upon your spending requirements.
The Shopper’s Plan basically for the shopaholics where you earn accelerated reward points on retail shopping spends and the Traveller’s Plan is designed for frequent travels for spends on select travel categories. Not just shopping and travel related benefits there are other benefits offered by this credit card such as earn bonus reward points on achieving the stipulated milestones, get complimentary domestic lounge access and Priority Pass membership, and also complimentary international lounge access under the Priority Pass program.
Here in this article we are going to discuss about the Benefits, Eligibility, Fees & Charges and how to apply for Kotak Bank Privy League Visa Signature Credit card.
Contents
Kotak Bank Privy League Visa Signature Credit Card
1. Features and Benefits:
The Kotak Bank Privy League Visa Signature Credit Card offers quite good reward rate and great benefits across different categories, including travel, lifestyle, and many more.
Here we have mentioned the features and benefits offered by the Kotak Bank PVR Platinum Credit Card:
- Movie Offers: You are entitled for 4 PVR Cinemas complimentary tickets, as a Kotak Privy League credit cardholder, every quarter which can be redeemed online.
- Concierge Services: Cardholders are also eligible for an array of services from Kotak Mahindra Concierge service like assistance for referrals, hotel reservations, ticket booking and flight ticketing.
- Reward points: There are two variants and the reward points differs based on the the plan i.e., Travel plan or shopper plan. Travellers Plan: For Paid variant, you get 5X Reward Points on select travel categories like airlines, hotels, duty-free, international spends and travel agencies and 2X Points on all other spends and For Free variant, 5X Reward Points on select travel-related categories including airlines, hotels, restaurants, international spends and travel agencies and 2X Points on all other spends. Shoppers Plan: For Paid variant, 5X Reward Points on select shopping categories like apparels, grocery, consumer durable, multi-brand online and, departmental stores and 2X Points on all other spends and For Free variant, 5X Reward Points on select retail shopping categories like apparels, jewelry, consumer durable, restaurants, departmental stores and 2X Points on all other spends.
- Surcharge Waiver: Avail a railway surcharge waiver of 1.8% or 2.5%, on booking train tickets at IRCTC website.
- Fuel Surcharge Waiver: On your fuel transactions between Rs. 400 and Rs. 4,000, cardholders will get a fuel surcharge waiver of 2.5%, at fuel pumps all over India.
- Zero Credit Card Lost Liability: In case, you lose your card or stolen card, Lost card cover for fraud protection worth Rs.1 lakh valid for 7 days before reporting and complete cover protection after reporting, only if the bank has been reported within the stipulated time you will not be responsible for any fraudulent transactions.
Check, Kotak League Platinum Credit Card
2. Fees and Charges:
- The Annual fee or Renewal fee charges are- Rs. 2,500
- The Cash Withdrawal Fee, Rs. 300 of the withdrawn Rs. 10,000, 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 2.49% per month (or 29.88% 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. 501 to Rs. 10,000: Rs. 500, Above Rs. 10,000: Rs. 700
3. Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Kotak Bank Privy League Visa Signature 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 must be a Privy League banking customer. Also, You must belong to, Chandigarh, Ahmedabad, Bangalore, Chennai, Delhi, Gurgoan, Noida, Hyderabad, Kolkata, Mumbai and Pune.
- The cardholder should have a stable source of income either through salary or if self-employment with stable source of income.
- 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 Bank Privy League Visa Signature credit card:
For Kotak Bank Privy League Visa Signature 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.
To apply online, just have to visit the Kotak Bank official website and then click on ‘cards’ page. Then their official will get in touch with you and are required submit few documents such as identity or address proof for KYC and a proof of income like salary slips or ITR.
You can also contact to the bank through customer care helpline number: 1800 209 0000 which is 24×7 operational toll-free number.
This the way in which you can apply for Kotak Bank Privy League Visa Signature credit card online.
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