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 Mahindra Privy League Signature Credit Card is a premium credit card. The card offers benefits such as Priority Pass membership, free PVR movie tickets and so forth. Customers who have maintained Privy league relationships with Kotak Mahindra Bank may apply for this credit card. Customers who have maintained a Privy league relationship with the bank can apply for this credit card by getting in touch with their relationship manager at the bank. The relationship manager will then proceed ahead with the credit card application.
1. Get 4 complimentary movie tickets from PVR every quarter
2. Get fuel surcharge waiver of 1% at all the fuel station outlets in India.
3. The fuel surcharge will be waived if the transactions range between Rs 400 – Rs 4000.
4. Accumulated reward points can be redeemed against a range of options including air tickets, mobile recharge, merchandise and so on
5. Get access to airport lounges through Priority Pass membership card.
6. The value of each reward point is Re. 0.25
7. Get up to 4 free PVR movie tickets per quarter on spending Rs.1,000 per month
8 If customers do not have a Privy league relationship then they cannot get this credit card
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Reward type |
Movies and Travel |
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Airport Lounge Access |
With the complimentary Priority Pass Membership, you can enjoy VIP access to more than 1000 airport lounges in over 100 countries. |
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Movie benefits |
If you are a movie buff then you will certainly cherish the 4 complimentary PVR tickets that you will receive every quarter. However, this only applies to the paid variant which comes with a fee of Rs.5,000. |
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EMIs Facility |
To assist you in making expensive purchases, the Kotak Mahindra Privy League Signature Credit Card gives you the option of converting every purchase that is above Rs.3000 to easy EMIs. |
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Balance Transfer Facility |
Transfer all your outstanding balance that you owe to your other credit card accounts to your new Privy League VISA Signature Credit Card. You will be charged a processing fee of just Rs.349 and the service tax for per Rs.10,000. |
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Concierge services |
Enjoy a coverage of up to Rs.2,50,000 per year against unauthorized transactions. |
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Fuel Surcharge Waiver |
Enjoy a fuel surcharge waiver of 1% at all petrol pumps across the country for transactions between Rs.400 and Rs.4000. The maximum waiver per year is Rs.4500. |
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Reward Points |
For every Rs.100 that you spend on other retail products, you earn 2X points. 5 points on spends at specific merchant categories. Each reward point is equal to 25 paise |
To apply for a privy league signature credit card, you have to pay fees and charges applied by the Kotak Mahindra Bank. It covers all charges and fees made by a bank to their customers.The following charges are taken from Kotak Mahindra Bank i.e joining fee, annual fee, interest rate, late payments charges etc.
|
TYPE |
CHARGES |
|
Joining fee |
For paid variants – Rs.5000 For free variants – NIL |
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Annual fee |
For paid variants – Rs.5000 For free variants – NIL |
|
Interest on outstanding balance |
2.49% (Annualized 29.88%) |
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Fee for add-on cards |
NIL |
|
Over limit charge |
Rs.500 |
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Cheque bounce charge |
Rs.500 |
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Late payment charges |
If the outstanding amount is Up to Rs.500 – Rs.100 From Rs.501 to Rs.10,000 – Rs.500 Above Rs.10,000 – Rs.700 |
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ATM cash withdrawal charge |
Rs.300 (per Rs.10,000 or part thereof) |
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Call a draft |
Rs.300 (per Rs.10,000 or part thereof) |
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Fund transfer charge |
Rs.300 (per Rs.10,000 or part thereof) |
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Cash advance charge |
Rs.300 (per Rs.10,000 or part thereof) |
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Minimum amount due |
5% or 10% of TAD (decided by the bank) |
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Charges for cash payment at bank |
Rs.100 |
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Foreign currency mark-up charge |
3.5% |
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Charge slip request |
Waived |
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Fee for web pay service |
Waived |
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Charges for procuring a copy of Credit Information Report (CIBIL) |
Rs.50 |
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Duplicate statement request |
Waived |
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Railway booking surcharge ( on transaction amount) |
Waived (up to Rs.500 in a calendar year) |
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Machine surcharge at ATMs |
Waived |
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Fee for outstation cheque processing |
Waived |
|
Replacement/ reissue card (per issuance) |
Rs.100 |
|
Fuel surcharge |
Waived (up to Rs.4500 in a calendar year |
Before applying for a privy league signature credit card from Kotak Mahindra Bank, you should fulfil all basic eligibility criteria as prescribed by the bank. You will get your credit card very soon if you meet all the required eligibility criteria once the documentation is done.
1. You are an Indian resident.
2. You have Privy league Optima Banking Relationship
3. You fall in the age group of 21 years to 65 years. For add-on cardholders, the minimum age is 18 years.
4. At present, the card is available only in Pune, Mumbai, Hyderabad, Kolkata, Chennai, Delhi, Noida, Gurgaon, Ahmedabad, Chandigarh, and Bangalore.
Any applicant who is applying for a privy league signature credit card from Kotak Mahindra Bank must have to submit the following documents. These documents are the requirements for the lenders who are providing you the credit card.
1. KYC Documents = PAN, address proof and ID proof
2. Coloured photograph
3. Income Proof = Last 3 month salary slip
4. Last 3 months bank statement
5. ITR or Form 16
Kotak Mahindra Bank Credit Card Login
Cardholders of Kotak Mahindra Bank Credit Card can log in to their credit card account through following steps :
1. Login to www.kotak.com
2. Click on the “Net Banking” option
3. Enter CRN in User ID
4. Enter password or click on "Get Net Banking Password Online"
5. Click on the Credit Card Tab
6. Click on Service Requests
7. Choose “Register for eStatement”
1. Kotak Mahindra Bank Car Loan
2. Kotak Mahindra Bank Home Loan
3. Kotak Mahindra Bank Education Loan
4. Kotak Mahindra Bank Gold Loan
There are two reason to apply for Kotak Mahindra Privy League Signature Credit Card :
1. Offline Method : By visiting the nearest branch of Indusind Bank
2. Online Method
Go to kotak.com and click on Explore Products > Cards > Credit Cards. A page listing all the credit cards will appear
Scroll down to ‘Privy League Signature Credit Card’ and click on ‘Apply Now’
An application form will appear where you have to fill personal details including the PAN Card Number and monthly income. Once you have filled the details, click on ‘Submit’
Verify your mobile number by entering the 6-digit OTP sent to your phone
After the verification, a representative from the bank will call you and guide you through the remaining process
Kotak Mahindra Bank Privy League Signature Credit Card Customer Care
Contact number : 18602662666 / 18602660811
Email id : itsecurity.bank@kotak.com
Credit cards have become a very useful tool for people to complete their daily transactions like paying utility bills, paying mobile bills, buying groceries etc. Gone are the days when credit cards were only used for buying airline tickets or similar large transactions.
1. Login to Kotak Net Banking
2. Select ‘Credit Card’ option from the Home Page
3. Select ‘Payments”
4. Click on ‘Make Payment’ Option
Bank offered Financials products
Kotak Mahindra Privy League Signature Credit Card is a premium credit card. The card offers benefits such as Priority Pass membership, free PVR movie tickets and so forth. Customers who have maintained Privy league relationships with Kotak Mahindra Bank may apply for this credit card.
The annual fee is Rs.5000 of a Kotak Mahindra Privy League Signature Credit Card.
The minimum age of the applicant is 21 years and maximum age is 65 years to get a Kotak Mahindra Privy League Signature Credit Card.
The rewards points are given in a Kotak Mahindra Privy League Signature Credit Card are :
For every Rs.100 that you spend on other retail products, you earn 2X points.
5 points on spends at specific merchant categories.
Each reward point is equal to 25 paise
You can apply for a Kotak Mahindra Privy League Signature Credit Card online and offline by visiting the nearest bank branch.
You can contact through customer care toll free number and also through e-mail id for a Kotak Mahindra Privy League Signature Credit Card.
Movies and Travel rewards are included in the Kotak Mahindra Privy League Signature Credit Card.
The interest rate is 2.49% per month provided by a Kotak Mahindra Privy League Signature Credit Card.
The minimum late payment charges is 100 and maximum charges are 700 of Kotak Mahindra Privy League Signature Credit Card.
The joining fee of Kotak Mahindra Privy League Signature Credit Card is Rs.5000.
Last Updated on : 01/Oct/2020Know More About CREDIT CARDS
You're eligible for a Kotak Mahindra Privy League Signature Credit Cards 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