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Kotak Bank League Platinum Credit Card

The Kotak League Platinum Credit Card is a tailored financial solution designed to meet the distinct needs of working professionals. Offered by Kotak Mahindra Bank, this credit card is a valuable tool for individuals seeking efficient management of their personal finances amidst their busy schedules. With a focus on lifestyle and entertainment, cardholders can enjoy enticing cashback offers on their everyday expenses. Beyond the immediate benefits, the card’s reward-driven approach ensures that every purchase translates into reward points, adding extra value to spending. For those who are frequent spenders, the card offers the advantage of additional reward points upon reaching a predetermined annual spending threshold. This credit card encompasses a range of exclusive features, including fuel surcharge waivers, priority assistance, insurance coverage against credit card loss or fraud, and a premier rewards program.

Key Highlights of Kotak League Platinum Credit Card

  • 8X reward points on spending every Rs. 150.
  • One of the Kotak League Platinum credit card benefits include a welcome Movie voucher worth Rs 500.
  • Access to League Priority Attend to provide on-call solutions.
  • Fuel surcharge waiver and railway surcharge waiver.
  • Credit card insurance cover up to Rs. 1,25,000 in case of card loss or theft.
  • Kotak League Platinum credit card charges for joining fee is Rs. 500 and annual fee is Rs. 499.
  • Waiver of Annual Fee on minimum annual retail spends of Rs. 50,000.
  • You can read Kotak League platinum credit card review of customers online to know more about the card benefits and features.

Features and Benefits of Kotak Bank League Platinum Credit Card

1. Premier Reward Points:
Get up to 8 reward points for every Rs. 150 you spend on your Kotak League Credit Card.

  • Up to 2 Lacs: 8 points for special categories, 4 points for others
  • 2 Lacs & above: 8 points for both special and other categories

2. Joining Gift:

  • When you pay the joining fee, you’ll receive reward points worth Rs. 500. Only applicable for the league joining fee variant.

3. Fuel Surcharge Waiver:

  • You won’t pay a fuel surcharge on transactions between Rs. 500 and Rs. 3000.
  • Maximum surcharge waiver per year is Rs. 3500.
  • Note: No reward points earned on fuel transactions.

4. Railway Surcharge Waiver:

  • No surcharge on transactions on www.irctc.co.in and Indian Railways Booking Counters.
  • Maximum railway surcharge waiver per year is Rs. 500.
  • Note: No reward points earned on railway transactions.

5. Add-on Card:

  • Your additional card will have the same benefits as your main card.
  • Set your own spending limit on the add-on card.
  • Keep track of spending separately for each add-on card.

Kotak Bank League Platinum Credit Card Fees and Charges

  1. Joining Fees: Rs. 499 (or none)
  2. Annual Fees: Rs. 499
  3. First Year Waiver: Spend at least Rs. 50,000 in a year
  4. Second Year Waiver: Spend at least Rs. 50,000 in a year
  5. Add-on Card Fees: None
  6. Interest on Balances: 3.50% per month (42% yearly)
  7. Minimum Amount Due (MAD): Either 5% or 10% of TAD as decided by the Bank
  8. ATM Cash Withdrawal/Transfers: Rs. 300 per Rs. 10,000 or part thereof
  9. Over Limit Charge: Rs. 500
  10. Cheque Bounce Charges: Rs. 500
  11. Foreign Currency Mark Up: 3.5% added on foreign currency transactions
  12. Late Payment Charges (LPC):
  • Rs. 100 for outstanding balance up to Rs. 500
  • Rs. 500 for outstanding balance between Rs. 500.01 and Rs. 10,000
  • Rs. 700 for outstanding balance above Rs. 10,000

Kotak Bank League Platinum Credit Card Eligibility

  1. Primary Cardholder Age: You should be between 21 and 65 years old.
  2. Add-on Cardholder Age: Anyone 18 years and older can have an add-on card.
  3. Location: You should be in one of these cities: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai, or Pune.
  4. Income Requirement: Your yearly income should be Rs. 5 Lakhs or more.
  5. Residency: You need to be a resident of India to apply.

Documents Required for Kotak Bank League Platinum Credit Card

  1. Identity Proof: You can use your Aadhar Card, Voter’s ID, PAN Card, Passport, or Driving License.
  2. Address Proof: Bring along your Aadhar Card, recent utility bills, or Driving License to confirm your address.
  3. Proof of Income: Make sure you have your recent bank statements, salary slips, or the latest Income Tax Return (ITR) documents.

How to apply for Kotak League Platinum Credit Card?

To apply for the Kotak Mahindra League Platinum Credit Card, follow these simple steps:

  1. Go to the official website of Kotak Mahindra Bank (www.kotak.com).
  2. Look for the “Credit Cards” section on the website’s main menu. Click on it to explore the available credit card options.
  3. Browse through the credit card options and select the “Kotak League Platinum Credit Card.”
  4. Review the eligibility criteria for the card. Make sure you meet the age, income, and residency requirements.
  5. Once you’ve chosen the card, click on the “Apply Now” button.
  6. Complete the online application form with accurate personal, contact, and financial details. Provide your PAN card number, employment details, income, and more.
  7. Upload the required documents, such as your PAN card, photograph, identity proof (Aadhar, Voter’s ID, etc.), address proof (utility bills, Aadhar), and proof of income (bank statements, salary slips, ITR).
  8. Review and submit your credit card application.
  9. The bank will review your application along with the provided documents. They might contact you for any additional information if needed.
  10. If your application is approved, you’ll receive a notification from the bank. This could come via email, SMS, or phone call.

Frequently Asked Questions (FAQs)

1. What is the Kotak League Platinum Credit Card?

The Kotak League Platinum Credit Card is a premium credit card offered by Kotak Mahindra Bank. It is designed to provide exclusive benefits, rewards, and privileges to cardholders, making it suitable for individuals with varying lifestyle preferences.

2. What are the key features of the Kotak League Platinum Credit Card?

Some key features include accelerated reward points on specific spending categories, complimentary lounge access, fuel surcharge waiver, and special discounts on dining, shopping, and entertainment.

3. How can I apply for the Kotak League Platinum Credit Card?

You can apply for the card online through the official Kotak Mahindra Bank website or by visiting a Kotak Mahindra Bank branch. The application process typically involves submitting personal and financial information.

4. What is the eligibility criteria for the Kotak League Platinum Credit Card?

Eligibility criteria may vary, but generally, applicants should meet certain age, income, and credit score requirements. It is advisable to check with the bank for the most accurate and up-to-date eligibility criteria.

5. What benefits does the Kotak League Platinum Credit Card offer for travel?

The card may offer benefits such as complimentary airport lounge access, travel insurance coverage, and rewards for travel-related expenses. Cardholders may also enjoy discounts on hotel bookings and car rentals.

6. Are there any annual fees associated with the Kotak League Platinum Credit Card?

Yes, the card may have an annual fee. However, some credit cards offer a waiver on the annual fee if a certain spending threshold is met. Check the terms and conditions or contact the bank for specific details on fees.

7. How does the rewards program work for this credit card?

The rewards program typically involves earning reward points on eligible transactions, which can be redeemed for various benefits such as gift vouchers, merchandise, or statement credit. The specific earn rate and redemption options may vary.

8. Is there a limit on the cash withdrawal facility with the Kotak League Platinum Credit Card?

Yes, cash withdrawal limits are applicable, and they may be subject to a fee. It’s important to be aware of these limits and associated charges to make informed decisions.

9. Can I track my credit card transactions and statements online?

Yes, Kotak Mahindra Bank provides online banking facilities, allowing cardholders to easily track their transactions, check statements, and manage their credit card account from the convenience of their computer or mobile device.

10. What should I do if my Kotak League Platinum Credit Card is lost or stolen?

In case of loss or theft, it is crucial to report it immediately to Kotak Mahindra Bank’s customer service. The bank will then take appropriate measures, such as blocking the card, to prevent unauthorized use. Always keep the customer service number handy for such emergencies.