Kotak Mahindra Bank Privy League Visa Signature Credit Card Review

To sync with the premium lifestyle of the top-notch Indian customers, Kotak Mahindra Bank has launched the kotak privy league signature credit card. It is not just a credit card that has a very distinct look, it also packs a perfect blend of premium privileges and powerful rewards, offering complimentary kotak credit card priority pass membership, useful rewards with every transaction, and lots more. This card comes in two variants, one with a joining fee, and the other without a joining fee. More about the benefits of kotak credit card are discussed below.

How does the kotak mahindra credit card eligibility work?

  • Resident Type: Indian. 
  • Kotak mahindra bank card eligibility criteria for salaried person:
    • Age: 21 to 65 years. 
    • Income: The applicant should maintain an Rs.1 lakh quarterly balance in his/her Kotak privy account. 
  • Kotak credit card eligibility criteria for self-employed person:
    • Age: 21 to 65 years. 
    • Income: The applicant should maintain an Rs. 1 lakh quarterly balance in his/her kotak privy account.
  • The applicant should be a kotak privy league customer.   
  • This privy league card is available in Bangalore, Chandigarh, Delhi, Mumbai, Pune, Kolkata, and Hyderabad.  
  • A CIBIL score of 720+ is needed to apply for this kotak privy league credit card.

You can apply for kotak mahindra bank credit card from the online application portal, once your kotak credit card application is submitted successfully, you will get a unique application id. You can use that to track your kotak credit card application status from the status tracking page. The complete process can be found on our faq page

What Documents are required to apply for this kotak privy league credit card?

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of the last 3 months 
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year 
      • Proof of business
      • Recent audited financial report. 

As per the new credit card rules, all new kotak cards are delivered in an inactive state. The users can activate them manually by generating a new kotak credit card pin. You can find more about the kotak credit card pin generation process from the 100xGain faq page

What are the Kotak privy league signature credit card fees?

  • Privy league kotak card joining fee: None. 
  • Kotak privy league card annual fee: Rs. 2500 (for the paid one) & None for the free card. 

What are the kotak league platinum credit card benefits?

  • Make your every transaction rewarding: 

The kotak mahindra bank reward points are offered like this.

For the paid card

Category of transaction 

Reward points for each Rs. 100 transaction

Shoppers Plan Groceries, Departmental stores, Consumer durables 5 kotak reward points
Other categories 2 kotak credit card rewards
Traveler’s Plan Hotel booking, Air tickets, International spending 5 kotak credit card reward points
Other categories 2 kotak card reward points

For the free privy league kotak card

Category of transaction Reward points for each Rs. 100 transaction
Shopper’s Plan Jewelry, departmental stores, restaurants, consumer durables, etc. 5 kotak credit card rewards
Other Categories 2 reward points
Travelers Plan Flight & hotel booking, restaurants, travel booking, and international spending 5 kotak rewards points
Other categories 2 kotak rewards points

You can redeem your kotak credit card points against movie tickets, or to get a product from the kotak credit card reward redemption catalog.

  • Enjoy exclusive kotak credit card lounge access facilities:

With your Kotak privy league signature credit card, you will get 4 free VIP access per year to most of the premium airport lounges in the world. You will also get some additional benefits like free wifi and refreshments. 

This kotak credit card lounge access offer is for paid customers only. With the free version of the card, you will get a kotak priority pass membership (for the first year only) with no lounge access.

  • Earn extra rewards from milestone expenses:

Depending on your card usage, you can also earn some extra rewards points from your kotak league credit card.

Kotak credit card usage

Total benefit

If you spend Rs.1000 every month in a calendar quarter 6400 kotak credit card reward
Rs.5 lakh within a year A complete waiver on your next year’s kotak credit card annual fee

You can check your kotak credit card balance from your kotak credit card net banking account.

  • Enjoy freedom from fuel surcharges:

With this signature card, you will get a 1% waiver on fuel surcharges, you can claim this kotak credit card offer at most of the fuel stations in India. The transaction amount should be between Rs.400 to Rs.4,000.

  • Enjoy assistance from a multilingual concierge service:

This kotak credit card features a 24X7 active concierge service, they can assist you with hotel booking, flight booking, gift delivery, and lots more. You can call kotak mahindra credit card customer care number to book your concierge.

  • Get freedom from railway surcharges:

With your kotak league credit card, you will get up to a 2.5% waiver on railway surcharges. You can earn a maximum of Rs. 500 waivers in a year. This kotak privy league card offer is applicable on the tickets booked at counters and on the tickets booked online. 

  • Enjoy easy bill splitting:

With this kotak mahindra card, you can turn any of your high-value purchases into easy EMIs. The minimum bill amount should be Rs. 2,500. You can check the status of your active EMIs from the kotak credit card app.

  • A very useful credit card balance transfer facility:

You can now transfer the outstanding of your other card to your kotak privy league signature credit card to get an interest-free period of 3 months. But remember there will be a processing fee of Rs. 349. Also, make sure to check your available kotak credit card limit before performing a credit card balance transfer

  • Instant kotak credit card payment options:

You can make your kotak mahindra credit card payment online from your credit card net banking account or from any credit card payment app like Cred, Google pay, Paytm, Phone Pe, etc.

  • Complementary fraud liability coverage:

Now you don’t need to worry about your lost credit card. As your kotak privy league signature credit card comes with a coverage of Rs. 2,50,000 against fraudulent or unauthorized transactions. You can report the loss/fraudulent transaction by calling the kotak mahindra credit card customer care number.

What are the kotak credit card charges?

Particulars 

Payable amount

Kotak credit card cash withdrawal charges Rs. 300 for each Rs.10,000 withdrawal (check your available kotak credit card limit before making a withdrawal)
Kotak credit card finance charge The kotak credit card interest rate can go up to 2.49% Monthly (same for both variants of the card)
Kotak bank credit card charges on currency transaction 2% for the paid card & 3.5% for the free credit card
Kotak bank credit card add-on card fee None

How to contact the kotak credit card customer care department?

  • Call the kotak credit card helpline number: 1800-209-0000 (Toll-free) 022-6600-6022
  • Write to the kotak credit card customer care email id: customerfirst@kotak.com 

100xGain Ratings: 

6.5/10

Pros and cons of the kotak signature credit card:

Pros 

Cons

  • This kotak credit card offers exclusive premium features at a relatively low cost.
  • The kotak credit card reward earning rate is very good.
  • There are no golf benefits on this kotak privy league card.

If you don’t want to continue with your old kotak credit card, then feel free to visit our faq page to know the kotak credit card cancellation process.

Final Opinion:

This privy league kotak card is specially designed for Kotak Mahindra Bank’s Premium customers. Although the annual fee of the paid version is a bit high, there are some premium benefits like free lounge access, concierge service, bonus kotak rewards points, etc. that can easily justify it. So if you are eligible for this card then go for the paid version of the kotak league credit card, it will be much more beneficial.

Also if you can pay a bit more, then I would recommend you take a look at our best lifestyle credit cards page, you can also compare the alternative card options given below.

Alternative cards of the kotak privy league credit card

  1. Axis Bank Miles and More Credit Card (Best for dining and lounge access benefits)
  2. IDFC First Millennia Credit Card (Best for reward points and dining benefits)
  3. Indusind Bank InterMiles Voyage Credit card. (Best for reward points and lounge access benefits)
  4. UBI Classic Credit Card (Best for offering reward points)

 

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