Kotak Bank League Platinum Credit Card

Kotak Bank League Platinum credit card is an entry-level offering with up to 0.5% return on spending. There is also a milestone benefit to get complimentary PVR tickets on target spending. While Kotak used to charge a fee for this card, we now have an LTF offer on this. So, if you want a Kotak Bank credit card for some offers you can check this one out.

Fees

Joining Fee	NIL – LTF
Annual Fee	NIL – LTF
Welcome Benefit	None
Annual Fee Waiver	Not Applicable

Rewards

The League Platinum card earns up to 8 reward points per Rs 150. There are two earning rates on the card depending on the total spent in a year and the purchase category.

Annual Spends	Select Categories	Other Categories
Till Rs 2 Lakhs	8 RP/Rs 150 ~0.5%	4 RP/Rs 150 ~0.25%
Rs 2 Lakhs and above	8 RP/Rs 150 ~0.5%	8 RP/Rs 150 ~0.25%

The select categories where we always earn 8 RP per Rs 150 are Travel Agencies, Tour Operators, Airlines, Electric Sales, Durable Goods, and Dept. Stores. Each RP is worth 25 paise for redemption. So, the reward rate is between 0.25% to 0.5% for all spending.

There are no rewards for fuel transactions.

Milestone Benefit: Free PVR Tickets

We have a milestone benefit on this card. If we spend Rs 1.25 Lakhs on this card every 6 months, we get 4 free PVR tickets. Each free ticket is capped at Rs 400. This is a decent benefit.

If PVR tickets do not interest you, the other option is to get 10000 reward points for the milestone benefit. These 10000 reward points are equivalent to 4000 Kotak Reward Points which are worth Rs 1000 in value. So, do take the free PVR tickets over the reward points.

Rewards Redemption

Accumulated reward points can be redeemed on the Kotak Rewards portal. The value for each reward point is 25 paise for all the options. Redemption options include:

Domestic Flights and Hotels
Product Catalog
Mobile Recharge
Gift Vouchers including Amazon and Flipkart

Other Key Benefits and Charges

Foreign Currency Markup: 3.5%+GST ~4.13%
Reward Redemption Fee: None
Finance Charges: 3.5% per month or 42% per annum
Fuel Surcharge Waiver: 1% for transactions between Rs 500 and Rs 3000. The maximum waiver is capped at Rs 3500 per calendar year.
Railway Surcharge Waiver: Applicable for IRCTC bookings. The maximum waiver is Rs 500 per calendar year.

Final Thoughts

The Kotak League Platinum is a simple entry-level credit card that offers up to a 1.3% return. While this is decent, we have many cards that offer a better reward rate with a statement credit option. A few are the Amazon Pay ICICI, Flipkart Axis, SC Smart, and Axis Ace cards.

But, if you need a Kotak Bank credit card to avail of merchant offers then you can get this. It is LTF right now and Kotak is known to give good credit limits and increments later on. So, you can use it for other C2C applications.

Frequently Asked Questions