Kotak League Platinum Credit Card Review

General Information

Our Rating: 8.6/10

Joining Fee: Rs. 499 + GST

Annual Fee: Rs. 499 + GST

Best For: Movies

Rewards and Benefits

Type of Rewards: Reward Points

Welcome Offers: Get a movie voucher worth Rs 500 on payment of the joining fee

Entertainment and Dining: Get a movie voucher from BookMyShow.com worth Rs 500

Shopping Perks: You get 8x reward points for every 150 spent on special categories and 4x reward points on every 150 spent on other categories up to 2 lacs. You 8x reward points on every Rs 150 spent on special categories and other categories above Rs 2 lacs.

Travel Benefits: NA

Domestic Lounge Access: NA

International Lounge Access: NA

Golf Benefits: NA

Insurance Coverage: NA

Fees and Charges

Waiver on Spend: Get spend based waiver on the annual fee of Rs 500 on annual spending of Rs 50,000.

Redemption Fee: Nil

Foreign Transaction Fee: 3.5

Interest Rate: 3.50% per month (42% per annum)

Fuel Surcharge Waiver: 1% fuel surcharge waiver on your fuel transactions between Rs 500 and Rs 3000

Cash Advance Fee: Rs 300 on the withdrawal amount

Summary

On payment of the joining fee, you will receive a movie voucher worth Rs 500. You will earn 8x reward points on annual spending up to Rs 2 lacs on special categories and 4x reward points on other categories. You will earn 8x reward points on annual spending of Rs 2 lacs or above on special categories as well as other categories. By spending Rs 1,25,000 every 6 months, you can either get 4 free PVR tickets or 10,000 Reward Points. In case of theft or loss of card, you will have protection liability up to Rs 1,25,000. If you spend Rs 50,000 annually, your fee will be waived. You will enjoy a 1% fuel surcharge waiver on your fuel transactions ranging from Rs 500 to Rs 3000.

The Kotak League Platinum Credit Card is a great choice for movie buffs.

With a joining fee of Rs. 499 + GST and a renewal fee of Rs. 499 + GST, it offers excellent movie-related benefits.

As a welcome benefit, you will receive a movie voucher worth Rs. 500 when you pay the joining fee.

Additionally, you will get a movie voucher from BookMyShow.com worth Rs. 500 for movie dining.

When it comes to shopping, this card offers fantastic rewards.

You will earn 8x reward points for every Rs. 150 spent on special categories and 4x reward points for every Rs. 150 spent on other categories, up to Rs. 2 lakhs.

For special and other categories above Rs. 2 lakhs, you will earn 8x reward points on every Rs. 150 spent.

Unfortunately, this card does not offer any travel, domestic lounge, international lounge, golf, or insurance benefits.

However, you can enjoy a spend-based waiver on the annual fee of Rs. 500 if you spend Rs. 50,000 or more in a year.

The rewards redemption fee is nil, which means you can redeem your reward points without any additional charge.

When using this card for foreign currency transactions, there is a 3.5% markup on the conversion amount.

This should be considered if you frequently make such transactions.

The interest rate on this card is 3.50% per month (42% per annum), which is important to keep in mind if you plan to carry a balance on the card.

For fuel transactions between Rs. 500 and Rs. 3000, you will receive a 1% fuel surcharge waiver.

If you need cash, you can withdraw it using this card.

However, there is a cash advance fee of Rs. 300 on the withdrawal amount.

Overall, the Kotak League Platinum Credit Card is a good option for movie enthusiasts with its movie-related benefits and attractive rewards program.

However, it may not be the best choice if you are looking for travel, lounge, or insurance benefits.