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

Sagar Madnani

17 Nov 202315:27

Summary

TLDRThe 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.

Outlines

00:00

😊 Introducing Kotak Bank Leak Platinum Credit Card

The video introduces Kotak Bank's popular mid-variant Leak Platinum credit card. It offers decent benefits at an affordable rate. The host will discuss details about fees, charges, benefits, eligibility criteria etc. of this card.

05:02

🤑 Fees, Charges and Travel Benefits

The joining fee for the card is ₹499 + GST. The annual fee is also ₹499 + GST but can be waived off on spending ₹50,000 or more annually. There are charges for cash withdrawals. Additional charges apply for late credit card bill payment, overlimit transactions etc. Offers 1% fuel surcharge waiver and markup fee waiver on foreign currency transactions.

10:03

😍 Benefits - Reward Points, Milestones and Add-ons

Main benefits include - 5,000 reward points (worth ₹500) on joining, up to 8 reward points per ₹150 spent in 1 year, railway surcharge waiver (maximum ₹500/year), movie tickets through milestone benefits and add-on cards for family members.

15:05

🤩 Multiple Reward Points Redemption Options

Reward points can be redeemed for mobile recharges, shopping vouchers, e-vouchers, travel bookings etc. Lots of redemption options available.

📝 Eligibility Criteria and Documents Required

Main eligibility criteria - Indian residents aged between 21-65 years. Documents required - PAN card, ID proof, address proof and income proof documents.

Mindmap

Keywords

💡कोटक बैंक

कोटक महिन्द्रा बैंक का लीक प्लैटिनम क्रेडिट कार्ड के बारे में वीडियो है। इस कार्ड की विशेषताएँ, फीस और चार्जेज़, बेनिफिट्स आदि के बारे में बताया गया है।

💡क्रेडिट कार्ड

वीडियो कोटक बैंक के लीक प्लैटिनम क्रेडिट कार्ड के बारे में है। यह एक मिड वेरिएंट क्रेडिट कार्ड है लेकिन इसमें अच्छे बेनिफिट्स मिलते हैं।

💡फीस

वीडियो में क्रेडिट कार्ड की वार्षिक फीस, जुर्माने, ब्याज दर आदि फीस और चार्जेज़ की जानकारी दी गई है।

💡चार्जेस

वीडियो में कैश एडवांस, लेट पेमेंट, फॉरेन करेंसी ट्रांजैक्शन आदि पर लगने वाले विभिन्न चार्जेस के बारे में बताया गया है।

💡बेनिफिट्स

वीडियो में क्रेडिट कार्ड से मिलने वाले विभिन्न बेनिफिट्स जैसे रिवॉर्ड पॉइंट्स, मूवी टिकट्स आदि के बारे में बताया गया है।

💡रेलवे

क्रेडिट कार्ड से रेलवे टिकट बुकिंग पर लगने वाला सरचार्ज माफ हो जाता है। इस बेनिफिट की जानकारी वीडियो में दी गई है।

💡पेट्रोल

पेट्रोल पंप पर ईंधन भरवाने पर लगने वाला 1% सरचार्ज भी इस कार्ड से माफ हो जाता है। यह एक बेनिफिट है।

💡रिवॉर्ड पॉइंट्स

क्रेडिट कार्ड ट्रांजैक्शन पर रिवॉर्ड पॉइंट्स मिलते हैं जिन्हें आगे विभिन्न सेवाओं में इस्तेमाल किया जा सकता है। इसकी विस्तृत जानकारी वीडियो में दी गई है।

💡एलिजिबिलिटी

वीडियो के अंत में क्रेडिट कार्ड के लिए आवेदन की योग्यता और आवश्यक दस्तावेज़ों की जानकारी दी गई है।

Highlights

Discussing the Kotak Bank Leak Platinum credit card and its benefits

Fees and charges - Joining fee, annual fee, cash advance charges

Offers reward points on spends in special categories

1 reward point = 10 paise value

Milestone benefit on 125K spends in 6 months

Movie tickets or 10K reward points redemption options

Railway surcharge waiver benefit

Fuel surcharge waiver on transactions between 500-4000

Option to get add-on card for family members

Multiple reward points redemption options

Eligibility criteria - age, documents required

Joining gift of 5K reward points worth 500

Up to 8 PVR movie tickets per year on milestones

Spend 150 per month for reward points

Double reward rate in special categories on 2L+ yearly spend