Kotak Mahindra Financial institution has many entry-level bank cards however the League Platinum card is the most effective amongst, but difficult in a manner. Right here’s the entire evaluation of the Kotak League Platinum Credit score Card,
Overview
| Kind | Entry-Stage Credit score Card |
| Reward Fee | 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 nearly as good as a premium bank card.
It’s an exquisite alternative not just for entry-level clients, but in addition for Premium clients holding a number of bank cards with a necessity to carry a Kotak Credit score Card to avail the service provider/festive gives infrequently.
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 payment waiver is fairly good for the rewards & advantages the cardboard comes with.
Rewards
Ongoing Rewards
| Annual Spend | Spend Kind | Rewards / Rs.150 | Reward Fee |
|---|---|---|---|
| < 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, if you happen to’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 choice 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 a substitute of the anticipated 2500 INR.
What this implies is that if you’ll be able to obtain the milestone spends, your reward price may be as excessive as ~2.1% (spends on particular classes, difficult 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 yr.
- Gasoline Surcharge Waiver: Relevant on transactions between 500 INR and 3000 INR. Most gas surcharge waiver is 3500 INR / calendar yr.
Bottomline
Kotak League Platinum bank card is a reasonably good bank card if you happen to can hit the milestone spends, as getting >2% return on an entry-level non co-branded bank card at this payment level isn’t simple.
So Kotak League Platinum card is probably among the best 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 under.
