Kotak Privy League Signature Credit Card Review

To cope up 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 free access to airport lounges, free movie tickets, huge discounts on dining, 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.

Kotak Mahindra Credit Card Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 65 years. 
    • Income: The applicant should be a Privy league customer and maintain an Rs. 1 lakh quarterly balance in his/her account. 
  • For self-employed person:
    • Age: 21 to 65 years. 
    • Income: The applicant should be a privy league customer and maintain an Rs. 1 lakh quarterly balance in his/her account.
  • The applicant should be a kotak privy league customer.   
  • This card is available in Bangalore, Chandigarh, Delhi, Mumbai, Pune, Kolkata, and Hyderabad.  
  • Good CIBIL score (750 or more).

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.

Documents Required To Apply For 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 RBI regulation, 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

Kotak Privy League Signature Credit Card Fees:

  • Kotak credit card joining fee: None. 
  • Kotak credit card annual fee: Rs. 2500 (for the paid one) & None for the free card. 

Kotak Privy League Signature Credit Card Benefits:

  • Make every transaction rewarding with kotak mahindra bank reward points

For the paid card
Category of transaction  Reward points for each Rs. 100 transaction
Shoppers Plan Groceries, Departmental stores, Consumer durables 5X Kotak reward points
Other categories 2X Rewards
Traveler’s Plan Hotel booking, Air tickets, International spending 5X Kotak credit card reward points
Other categories 2X points
For the Free card
Category of transaction Reward points for each Rs. 100 transaction
Shopper’s Plan jewelry, departmental stores, restaurants, consumer durables, etc. 5X Kotak credit card rewards
Other Categories 2X reward points
Travelers Plan flight & hotel booking, restaurants, travel booking, and international spending 5X Kotak rewards points
Other categories 2X reward points

You can use those points to make your monthly card bill payment, to pay travel booking fees, or to get a product from the Kotak credit card reward redemption catalog.

  • Complimentary lounge access: 

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.

  • Enjoy a premium dining experience with a big discount on dining bills:

With this card, you will get free membership of taj epicure plus. It offers you 25% savings on your dining bill at Taj restaurants

  • Make your evenings more delightful with free movie tickets:

This Kotak signature card offers 4 free PVR movie tickets per quarter. You can redeem those tickets online. 

  • Earn extra benefits from milestone spending (For the paid customers only):

You can also earn some bonus reward points. If you can continue spending Rs. 1,000 per month for 3 months, you will get 6400 kotak credit card reward points at the end of the quarter. For example, if you spend Rs. 1000 in January, February, and March, then you will get 6400 kotak credit card reward points in April. This offer applies to paid customers only.   

  • Enjoy freedom from fuel surcharges:

With this 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.

  • A multilingual concierge service team to take care of your needs:

You will also get a 24X7 active concierge service with this card, you can get assistance from them in hotel booking, flight booking, gift delivery, and lots more. You can call them at +91 22 4232 0244 or you can mail them at concierge@aspirelifestyle.com to book your concierge.

  • Enjoy great discounts on 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. 

  • Make your card lifetime free: 

For the paid customers there is also an annual fee waiver option, if you can spend Rs. 5 lakh within a year then the annual fee for the next year will be waived off. You can check your kotak credit card balance from your kotak credit card net banking account.

  • Split your high-value transactions into small monthly installments:

With this 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.

  • Get extra time to make repayment using Kotak 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

  • Pay your bill using kotak credit card payment options:

You can make your kotak mahindra credit card payment online from your net banking account or from any credit card payment app like Cred, Google Pay, PhonePeAmazon Pay, etc.

  • Complementary fraud liability coverage to stand for you in emergencies:

Now you don’t need to worry about your lost or stolen cards. 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.

 Kotak Credit Card Charges:

Particulars  Payable amount
Kotak credit card cash withdrawal charges Rs. 300 for each Rs. 10,000 withdrawal (applicable once per withdrawal, also check your available Kotak credit card limit before making a withdrawal)
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 card
Kotak bank credit card add-on card fee None

Kotak Credit Card Customer Care Contact Details:

  • 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

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.

Pros and Cons of Kotak Privy League Signature Credit Card:

Pros  Cons
  • It offers exclusive premium features at a relatively low cost.
  • The Kotak credit card reward earning rate is very good.
  • You will get a complimentary taj epicure plus membership with this card. 
  • There are no golf benefits on this card which can disappoint golf lovers.
  • The free version of the card does not offer any lounge access. 

Final Opinion:

This privy league kotak card is specially designed for Kotak Mahindra’s Premium customers. Although the annual fee of the paid version is a bit high, there are some premium benefits like – four free lounge access, concierge service, free movie tickets, bonus kotak rewards points, and lots more. So if you are eligible and you are planning to get this card, go for the paid version of the card, it will be much more beneficial.

Also if you can pay a bit more, then I would recommend you take a look at the 100xGain top 10 credit card pages, you can also compare the alternative card options given below.

Alternative Cards: 

  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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