kotak league platinum credit card review 2023-2024Â In this article we will discuss what are the features and benefits of kotak league platinum credit card.
1) Eligibility Criteria –
You must be an Indian resident. You must be 21–65 years old. Add on card holder must be 18 years of age. Income criteria, annual income should be more than Rs.5 lakh. This card can avail only selected locations customers Ahmedabad, Bangalore, chandigarh, Chennai, Delhi, Mumbai Navi Mumbai and pune.
2) joining and renewal fee–
Joining fee is Rs.499 plus taxes. Renewal fee also Rs.499 plus taxes, on paying joining fee you can earn welcome benefits. In book my show movie voucher form you can redeem worth Rs.500, movie vouchers, movie tickets purchases. Welcome benefits recover the joining fee.
You get this card without joining fee but you don’t get any welcome benefits. Next year renewal fee is charged on the same joining fee card of the same Rs.499 plus taxes. The renewal fee on this card is waive of Rs.50,000 if spends
3) Benefits–
kotak league platinum credit card review 2022-2023 Apart from spend base benefits, you get milestone benefits, you get railway surcharge benefits, you get fuel surcharge waiver benefits. This benefit is available on most of the cards. There is no lounge benefit on this card.
4) Milestone benefits –
every 6 months if you RS. When you achieve 1,25,000 spent, you get four free PVR movie tickets or 10000 reward points. In this free movie ticket case you can get maximum 8 PVR free movie tickets in one year. And these movie tickets have to be claimed within 3 months before the end of the program period.
If the price of a movie ticket is above Rs.400, then you have to pay the difference amount. In case of reward point, reward point will be credited in next billing cycle. This point should be redeemed within 3 months of the end of the program period.
You get air tickets to these points, You can redeem movie tickets, mobile recharge and branded merchandise. In railway surcharge waiver you get surcharge waiver up to Rs.500 per year. On transactions made on www.irctc.co.in or Indian railways booking counter.
In Fuel surcharge waiver you get surcharge waiver up to Rs.3,500 per year for fuel transaction between Rs.500 to Rs.3000. Another feature of the card is league priority attendance in which you get on–call solutions. The bank calls you automatically. You get commentary check pick up facility of your monthly dues.
5) Spend base benefits –
In this you get 8 Rewards Points on special categories that is travel and tour operators, Package tour operators, Airlines and Air carries, Electric sales, Durable goods, Departmental stores up to Rs.2 lakh spends every Rs.150 spends. 4 reward points for remaining category.
Special categories above RS.2 lakh spends and 8 reward points on remaining categories. You do not get any Rewards points on Fuel transaction.
6) Redemption Points–
You can use a lot of categories across the kotak reward website. Such as mobile recharge, book my show movie voucher, products, travel, etc. You can pay at merchant outlets with these points. One reward point average value is 25 paisa.
7) Return rate: –
In this we assume that one person Spends Rs.5 lakhs in a year using this card and Rs.40,000 in a month. Which means around Rs.2 lakhs spends in five months. Let us calculate these calculations in three parts. Let’s calculate the return of 4 months in the first part.
That is spends less than Rs.2 lakh. In the second part we will calculate Fifth months returns. That is Rs.2 lakh annual spends cross. This includes Spends less than Rs.2 lakhs annual spends will be considered return and returns more than RS.2 will be considered. Let us calculate the remaining months returns in the third part which is more than RS.2 lakhs annual spends.