Kotak League Platinum Credit Card Full Details | Benefit | Eligibility | Fees

Summary

The video discusses the Kotak Bank Leak Platinum credit card, explaining its fees, charges, benefits, and eligibility criteria. It covers the joining gift reward points, milestone benefits like free movie tickets on spending thresholds, fuel and railways surcharge waivers, reward points on transactions, redemption options for points, and add-on card facility for family members. The eligibility criteria include being an Indian resident between 21-65 years old with documents like PAN card, ID proof, address proof and income proof required for application.

Takeaways

• 😀 This video discusses Kotak Bank's Leak Platinum credit card, its benefits and eligibility criteria
• 💳 Card has joining fee of Rs. 499 + GST, annual fee is also Rs. 499 + GST
• 🎁 Offers 5,000 reward points (worth Rs. 500) as welcome gift on payment of joining fee
• 🚨 3.5% interest per month charged on late credit card bill payments
• ✈️ Offers railways surcharge waiver (maximum Rs. 500 per year) on ticket bookings
• ⛽ Waives 1% fuel surcharge between Rs. 500-4000 transaction value per month (maximum waiver of Rs. 500 per year)
• 👪 Option to provide add-on card to family members
• 🤑 Up to 8 reward points per Rs. 150 spent on card in special categories
• 🎟 Milestone benefits - 4 free PVR movie tickets on Rs. 1.25 lakhs spend in 6 months
• 🙋 Eligibility criteria: Indian resident aged between 21-65 years with PAN card, ID proof and income documents

Q & A

What credit card is being discussed in the video?

The Kotak Bank Leak Platinum Credit Card.

What is the joining fee for the credit card?

The joining fee for the credit card is Rs. 999 plus GST.

How can the annual renewal fee be waived off?

The annual renewal fee can be waived off by spending Rs. 50,000 or more in a year using the credit card.

What is the interest rate charged for late credit card bill payment?

The interest rate charged for late credit card bill payment is 3.5% per month.

What reward points can be earned for spends under Rs. 2 lakhs per year?

For spends under Rs. 2 lakhs per year, 4 reward points per Rs. 150 can be earned for transactions in special categories and 1 reward point per Rs. 10 for other categories.

What is the maximum railway surcharge waiver per year on this card?

The maximum railway surcharge waiver per year on this card is Rs. 500.

What is the value of one reward point on this credit card?

The value of one reward point on this credit card is Rs. 0.10.

What are the different ways to redeem reward points?

Reward points can be redeemed for mobile recharges, shopping vouchers, movie tickets, travel bookings etc.

What is the minimum and maximum age eligibility for this card?

The minimum age eligibility is 21 years and maximum is 65 years for this credit card.

What documents are required while applying for this card?

The documents required are: PAN card, ID proof, address proof, income proof.