Kotak League Platinum Credit Card Review

Kotak Mahindra Bank has many entry-level credit cards but the League Platinum card is the best among, in-fact it’s one of the best in industry, yet tricky in a way. Here’s the complete review of the Kotak League Platinum Credit Card,

Overview

Type Entry-Level Credit Card
Reward Rate 0.66% – 3.33%
Annual Fee 499 INR + GST
Best for Annual spends of upto 2.5 Lakhs
USP Milestone Benefit

While Kotak league Platinum Credit Card is an entry-level credit card, it also has the ability to serve you with rewards as good as a premium credit card.

It’s a wonderful choice not only for entry-level customers, but also for Premium customers holding multiple credit cards with a need to hold a Kotak Credit Card to avail the merchant/festive offers once in a while.

Fees

Joining Fee 499 INR+GST
Welcome Benefit Rs.500 Movie voucher
Renewal Fee 499 INR+GST
Renewal Fee Waiver Spend > 50,000 INR

The requirement for renewal fee waiver is pretty good for the rewards & benefits the card comes with.

Rewards

Ongoing Rewards

Annual Spend Spend Type Rewards / Rs.150 Reward Rate
< 2 Lakhs Regular Spends 4 0.66%
< 2 Lakhs Special Categories 8 1.33%
> 2 Lakhs All Spends 8 1.33%
  • 1 Reward Point = 0.25 INR
  • Special Categories: Travel Agencies & Tour Operators, Package Tour Operators, Airlines and Air Carriers, Electric Sales, Durable Goods, Departmental Stores.

If I understand it right, if you’re not spending on special categories, you would get 0.66% until you reach 2L annual spend and then 1.33% for spends beyond 2 Lakhs.

Milestone Rewards

SPEND Spend Period Rewards Value Savings
1,25,000 INR 1st Jan – 30th June 10,000 RP 2,500 INR 2%
1,25,000 INR 1st July – 31st Dec 10,000 RP 2,500 INR 2%
  • Milestone benefit: 4 free PVR tickets (or) 10,000 reward points
  • PVR Ticket Max. Value: 400 INR

So as you can see, 10K points option makes sense to most, over PVR vouchers.

What this means is that if you are able to achieve the milestone spends, your reward rate can be as high as ~3.33% (spends on special categories, tricky though) or at-least 2.66% which is still great for a card of this range.

Other Benefits

All Kotak Credit Cards comes with few other benefits like:

  • Railway Surcharge Waiver: Maximum railway surcharge waiver allowed is 500 INR / calendar year.
  • Fuel Surcharge Waiver: Applicable on transactions between 500 INR and 3000 INR. Maximum fuel surcharge waiver is 3500 INR / calendar year.

Bottomline

Kotak League Platinum credit card is undoubtedly a wonderful credit card if you can hit the milestone spends, as getting >2% return on an entry-level non co-branded credit card at this fee point isn’t easy.

So Kotak League Platinum card is perhaps one of the best entry-level credit card you can have with Kotak Mahindra Bank.

Do you hold Kotak League Platinum credit card? Feel free to share your experiences in the comments below.



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