Kotak Mahindra Bank is one the most trusted banks for home loans. It is an Indian private sector bank and its headquarters at Mumbai. Kotak Mahindra Bank offers banking and financial services for corporate and retail customers.There are so many banks and non-banking financial companies in India that provide various financial products to the customers. These can be banking, insurance, loans or credit cards. Kotak Mahindra Finance Ltd. was established in 1985. The same got converted into a bank- Kotak Mahindra Bank Ltd. in March 2003. Kotak Mahindra Bank has presence in commercial vehicles, Retail finance, Corporate Banking, Treasury and Housing Finance.
Kotak League Platinum credit card is a credit card offered by Kotak Mahindra Bank that works up to your lifestyle standards. This credit card brings a platter of different benefits and rewards that compliment your way of living and day to day finance management with tons of perks. Let’s move ahead and extract everything you need to know about Kotak Mahindra League Platinum credit card.
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Joining Fee |
Rs 500/NIL |
|
Annual Fee |
Rs 499 |
|
Annual Fee Waiver |
When the annual spends are at least Rs 50,000 in first year as well as the second year |
|
Add-on Card |
NIL |
|
Interest Charges on Outstanding Balance |
3.50% (42% annually) |
|
Minimum Amount Due |
5% to 10% of the total amount due (as per bank’s discretion) |
|
Late Payment Charges |
Rs 100 for the statement amount of up to Rs 500 Rs 500 for the statement amount between Rs 500 to Rs 10,000 Rs 700 for the statement amount more than Rs 10,000 |
|
Cash Advance |
Rs 300 |
|
Overlimit Fee |
Rs 500 |
|
Replacement Card |
Rs 100 |
|
Cheque Bounce |
Rs 500 |
|
Fee for Cash Payment at Bank |
Rs 100 |
|
Duplicate Statement Request |
NIL |
|
Foreign Currency Markup |
3.5% |
Here are the features and benefits of Kotak Mahindra League Credit Card:
Joining Benefits : On becoming a user of Kotak League Platinum credit card, you are offered a movie voucher worth Rs 500 as a joining benefit.
Reward Points : Kotak Bank League Platinum credit card comes with exciting reward points. The card offers you 8x reward points on every Rs 150 spent using it. You get 8x reward points for your annual spends of Rs 2 lacs on special categories such as travel, departmental stores and airlines and 4x reward points on other categories. The card brings you 8x rewards points on the annual spends more than Rs 4 lacs on special and other categories.
Fuel Surcharge Waiver : Save up on the fuel expenses with the Kotak Mahindra League Platinum credit card. The card offers you fuel surcharge waivers of up to Rs 3000 annually.
Railway Surcharge Waiver : Apart from the fuel surcharge waiver, you also get a treat with saving up on railway charges with this credit card. Kotak League Platinum credit card offers you railway surcharge waivers of up to Rs 500 annually.
League Shield : Kotak Mahindra Bank credit card comes with an opportunity for you to keep your card protected against any unforeseen circumstances. You get to insure your Kotak League Platinum credit card and avail a cover of up to Rs 1,25,000 in cases such as theft or loss.
Milestone Benefit : You get 1000 rewards points or 4 free PVR tickets on the spends of Rs 1,25,000 every 6 months. You can enjoy 8 PVR tickets and the reward points are credited at the time of next billing cycle.
Add-on Card : Kotak League Platinum credit card offers you to avail an add-on card which features the same benefits.
Now that you know what incredible benefits this credit card offers you the slew of, it is time to see who can get a Kotak League Platinum credit card. You need to meet the eligibility requirements in order to easily get this credit card.
Here is the eligibility criteria for Kotak Mahindra League Platinum Credit card:
The age of applicant should be at least 21 years and the maximum age of applicant should not exceed 65 years.
The add-on card applicant should be at least 18 years of age.
The annual income of the applicant should be Rs 5 lakh or above.
The applicant should be Indian citizen.
The Kotak League Platinum credit card is only available in Mumbai, Pune, Navi Mumbai, Kolkata, Chandigarh, Delhi, Noida, Gurgaon, Hyderabad, Bangalore, Chennai and Ahmedabad.
You must ensure you have all the necessary documents that are demanded by the bank to proceed the credit card application. Here are the documents you need to submit when applying for a Kotak League Platinum credit card:
|
Documents |
For Salaried Individuals |
For Self Employed |
|
Identity Proof |
Aadhar Card, PAN Card, Driving Licence, Passport, Voter’s ID Card |
Aadhar Card, PAN Card, Driving Licence, Passport, Voter’s ID Card |
|
Address Proof |
PAN Card, Driving Licence, Utility Bills such as Electricity Bills, Water Bills, Telephone Bills etc., Passport, Voter’s ID Card |
PAN Card, Driving Licence, Utility Bills such as Electricity Bills, Water Bills, Telephone Bills etc., Passport, Voter’s ID Card |
|
Income Proof |
Salary Slips, Bank Statements |
Bank Statements, Form 16 |
Got reward points by Kotak League Platinum credit card but don’t know how to use them? Kotak Mahindra League Platinum credit card reward redemption is a simple process. First thing first, you should know that you can redeem rewards points on these categories: cash, mobile recharge, airline tickets, branded merchandise and not to forget- movie tickets.
Here is how to redeem Kotak League Platinum credit card reward points:
Go to the official website of Kotak Mahindra bank.
Click the NetBanking section.
Log in using your details.
Select the “Credit Cards” section.
Choose the Reward Redemption option you wish to enjoy.
Know that you will get 1 easy point for 5 reward points on these categories: Merchandise, mobile recharge and airline tickets.
There are multiple ways to make your Kotak Mahindra League Platinum credit card bill payments. You can opt for any of the following options to pay the credit card bill:
Cash
Cheque
NEFT
Net Banking
Phone Banking
1. Kotak Mahindra Bank Car Loan
2. Kotak Mahindra Bank Home Loan
3. Kotak Mahindra Bank Education Loan
4. Kotak Mahindra Bank Gold Loan
If you want to check the Kotak Mahindra League Platinum credit card application status, you can do either of the following:
1. Check Online : You can track the status of your Kotak Mahindra League Platinum credit card on the official website of the bank. Here are the steps you can follow to do check the credit card status online:
Visit the official website of Kotak Mahindra Bank.
Find and click the “Track Application Status” option under “Customer Service” at the bottom of the page.
Now, Choose the “Credit Card” from the drop down in “Select a product”.
Enter your application number or form number.
2. Contact Customer Service : If you wish to know the status of your Kotak League Platinum credit card application, you can contact the customer helpline of the bank and enquire about it.
Many of you must be wondering how to apply for a Kotak Mahindra League Platinum credit card. Let us tell you that it is pretty simple and you can apply for this credit card via two different channels: Offline and Online.
Here is how to apply for a Kotak League Platinum credit card:
1. Apply Offline : If you want to apply for a Kotak Mahindra credit card offline, all you need to do is visit the nearest branch of Kotak Mahindra Bank where the official will assist you with the credit card application. You need to carry all the necessary documents to the branch.
2. Apply Online : You can also opt for the online channel in order to apply for a Kotak Mahindra League Platinum credit card. To do that, you need to follow the steps mentioned below:
First things first, navigate to the official web portal of Kotak Mahindra Bank.
Now hit “Explore Products” from the top and click the “Cards” option.
After that, you need to view the types in the “Credit Cards” list and select the League Platinum Credit Card.
Hit the “Apply Now” button.
You will be asked whether you are an existing Kotak customer. Select your answer.
You will not be required to fill in all the information asked in the form.
Click the “Proceed” button.
If you have any query or complaint about the Kotak Mahindra credit card, you can contact the customer service.
Toll-free number: 1860 266 2666, 1800 209 0000
You can also write your query, feedback or complaint to the bank from the website.
Cardholders of Kotak Mahindra Bank Credit Card can log in to their credit card account through following steps :
FAQs
You can contact the Kotak Mahindra customer service and enquire about your credit card status. Alternatively, you can visit the official website of the bank to check the status of your credit card application.
You can use online or offline channels such as NetBanking, Phone Banking, NEFT, cash or cheque to pay your Kotak Mahindra bank credit card bills.
It totally depends on your needs and wants. Kotak Mahindra credit cards offer different benefits to suit different requirements. Some of the best Kotak Mahindra Credit cards include Royale Signature credit card, Fortune Gold credit card and League Platinum credit card.
Last Updated on : 10/Mar/2021Know More About CREDIT CARDS
You're eligible for a Kotak Mahindra League Platinum Credit Card if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Credit Cards is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account