Kotak Mahindra Financial institution has many entry-level bank cards however the League Platinum card is one of the best amongst, but tough in a method. Right here’s the whole assessment of the Kotak League Platinum Credit score Card,
Overview
| Kind | Entry-Degree Credit score Card |
| Reward Charge | 0.66% – 3.33% |
| Annual Price | 499 INR + GST |
| Greatest for | Annual spends of upto 2.5 Lakhs |
| USP | Milestone Profit |
Whereas Kotak league Platinum Credit score Card is an entry-level bank card, it additionally has the flexibility to serve you with rewards pretty much as good as a premium bank card.
It’s a beautiful selection not just for entry-level prospects, but in addition for Premium prospects holding a number of bank cards with a necessity to carry a Kotak Credit score Card to avail the service provider/festive presents every now and then.
Charges
| Becoming a member of Price | 499 INR+GST |
| Welcome Profit | Rs.500 Film voucher |
| Renewal Price | 499 INR+GST |
| Renewal Price Waiver | Spend > 50,000 INR |
The requirement for renewal charge waiver is fairly good for the rewards & advantages the cardboard comes with.
Rewards
Ongoing Rewards
| Annual Spend | Spend Kind | Rewards / Rs.150 | Reward Charge |
|---|---|---|---|
| < 2 Lakhs | Common Spends | 4 | 0.66% |
| < 2 Lakhs | Particular Classes | 8 | 1.33% |
| > 2 Lakhs | All Spends | 8 | 1.33% |
- 1 Reward Level = 0.25 INR
- Particular Classes: Journey Companies & Tour Operators, Package deal Tour Operators, Airways and Air Carriers, Electrical Gross sales, Sturdy Items, Departmental Shops.
If I perceive it proper, for those who’re not spending on particular classes, you’d get 0.66% till you attain 2L annual spend after which 1.33% for spends past 2 Lakhs.
Milestone Rewards
| SPEND | Spend Interval | Rewards | Worth | Financial savings |
|---|---|---|---|---|
| 1,25,000 INR | 1st Jan – thirtieth June | 10,000 RP | 1,000 INR | 0.8% |
| 1,25,000 INR | 1st July – thirty first Dec | 10,000 RP | 1,000 INR | 0.8% |
- Milestone profit: 4 free PVR tickets (or) 10,000 reward factors
- PVR Ticket Max. Worth: 400 INR
In order you may see, 10K factors possibility is smart to most, over PVR vouchers. However 10K RP is transformed to 40% (for unknown causes) so it’s 4K RP which supplies worth of Rs 1000, as an alternative of the anticipated 2500 INR.
What this implies is that if you’ll be able to obtain the milestone spends, your reward charge will be as excessive as ~2.1% (spends on particular classes, tough although) or at-least ~1.5% which continues to be good for a card of this vary.
Different Advantages
All Kotak Credit score Playing cards comes with few different advantages like:
- Railway Surcharge Waiver: Most railway surcharge waiver allowed is 500 INR / calendar 12 months.
- Gasoline Surcharge Waiver: Relevant on transactions between 500 INR and 3000 INR. Most gasoline surcharge waiver is 3500 INR / calendar 12 months.
Bottomline
Kotak League Platinum bank card is a fairly good bank card for those who can hit the milestone spends, as getting >2% return on an entry-level non co-branded bank card at this charge level isn’t straightforward.
So Kotak League Platinum card is maybe top-of-the-line entry-level bank card you may have with Kotak Mahindra Financial institution.
Do you maintain Kotak League Platinum bank card? Be at liberty to share your experiences within the feedback beneath.
