SELECT `id` FROM `tbl_card` WHERE `title` = 'Kotak Mahindra Privy League Signature Credit Cards' AND `card_type` = 'Credit Cards' Kotak Mahindra Privy League Signature Credit Card - Benefits, Rewards, Eligibility

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KOTAK MAHINDRA PRIVY LEAGUE SIGNATURE CREDIT CARD 

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.

Kotak Mahindra Privy League Signature Credit Card Features

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

Kotak Mahindra Privy League Signature Credit Card Benefits 

Reward type

Movies and Travel

Airport Lounge Access 

With the complimentary Priority Pass Membership, you can enjoy VIP access to more than 1000 airport lounges in over 100 countries.

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.

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.

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.

Concierge services 

Enjoy a coverage of up to Rs.2,50,000 per year against unauthorized transactions.

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.

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

Kotak Mahindra Privy League Signature Credit Card Fee and charges

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

Annual fee

For paid variants – Rs.5000

For free variants – NIL

Interest on outstanding balance

2.49% (Annualized 29.88%)

Fee for add-on cards

NIL

Over limit charge

Rs.500

Cheque bounce charge

Rs.500

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

ATM cash withdrawal charge

Rs.300 (per Rs.10,000 or part thereof)

Call a draft

Rs.300 (per Rs.10,000 or part thereof)

Fund transfer charge

Rs.300 (per Rs.10,000 or part thereof)

Cash advance charge

Rs.300 (per Rs.10,000 or part thereof)

Minimum amount due

5% or 10% of TAD (decided by the bank)

Charges for cash payment at bank

Rs.100

Foreign currency mark-up charge

3.5%

Charge slip request

Waived

Fee for web pay service

Waived

Charges for procuring a copy of Credit Information Report (CIBIL)

Rs.50

Duplicate statement request

Waived

Railway booking surcharge ( on transaction amount)

Waived (up to Rs.500 in a calendar year)

Machine surcharge at ATMs

Waived

Fee for outstation cheque processing

Waived

Replacement/ reissue card (per issuance)

Rs.100

Fuel surcharge

Waived (up to Rs.4500 in a calendar year

Kotak Mahindra Privy League Signature Credit Card Eligibility Criteria

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.

Kotak Mahindra Privy League Signature Credit Card Documents Required

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”

Kotak Mahindra Bank other products

1. Kotak Mahindra Bank Car Loan

2. Kotak Mahindra Bank Home Loan 

3. Kotak Mahindra Bank Education Loan 

4. Kotak Mahindra Bank Gold Loan

How to apply for Kotak Mahindra Privy League Signature Credit Card

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

Kotak Mahindra Bank Credit Card Payment Online 

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

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

Kotak Mahindra Privy League Signature Credit Card Frequently Asked Questions 

1. What is a Kotak Mahindra Privy League Signature Credit Card?

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. 

2. What is the annual fee of a Kotak Mahindra Privy League Signature Credit Card?

The annual fee is Rs.5000 of a Kotak Mahindra Privy League Signature Credit Card.

3. What is the minimum and maximum age the applicant is required to get 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.

4. What are the rewards points given in 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

5. How can I apply for a Kotak Mahindra Bank Privy League Signature Credit Card?

You can apply for a Kotak Mahindra Privy League Signature Credit Card online and offline by visiting the nearest bank branch.

6. How do I contact customer care for a Kotak Mahindra Privy League Signature Credit Card?

You can contact through customer care toll free number and also through e-mail id for a Kotak Mahindra Privy League Signature Credit Card.

7. What type of rewards are included in the Kotak Mahindra Privy League Signature Credit Card?

Movies and Travel rewards are included in the Kotak Mahindra Privy League Signature Credit Card.

8. How much interest rate is provided by a 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.

9. What are the minimum and maximum late payment charges of 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.

10. What is the joining fee of a 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/2020

Know More About CREDIT CARDS

Kotak Mahindra Privy League Signature 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