Kotak Privy League Signature Credit Card

The Kotak Mahindra Privy League Signature Credit Card is carefully designed for meeting the lifestyle requirements of Privy League customers. The user will be offered a long list of benefits from low-interest rates to the luxury of availing the services of a concierge. You will have a great experience using credit cards with the Privy League Signature Credit Card (Optima & Prima).

Features and benefits of Kotak Privy League Signature Credit Card

  • Enjoy complimentary Priority Pass Membership, you can enjoy VIP access to more than 1000 airport lounges in over 100 countries.
  • Get 4 complimentary PVR tickets that you will receive every quarter.
  • Be it assistance regarding referral, hotel reservations, flight ticket bookings, spa, and fitness center information, or ticket bookings for special events or performances, you may entirely bank on the efficient services of a dedicated concierge.
  • The interest rate on a credit card is as low as 2.49%.
  • Get coverage of up to Rs.2,50,000 per year against unauthorized transactions. This will cover transactions that have been done up to 7 days before you are reporting to the bank about the loss or fraud.
  • Get 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 Program of Kotak Privy League Signature Credit Card

  • For every Rs.100 that you spend on special products like consumer durables, jewelry, apparel, restaurants, and departmental stores using your Kotak Mahindra Privy League Signature Credit Card, you will be getting 5X points.
  • For each Rs.100 that you spend on other retail products, you earn 2X points.
  • You also earn 5X reward points on categories like restaurants, travel agencies, airlines, hotels, and international spending.
  • Each reward point is equal to 25 paise.

The eligibility criteria to apply for Kotak Privy League Signature Credit Card

  • You must be a citizen of India
  • You have Privy League Optima Banking Relationship
  • You fall in the age group of 21 years to 65 years. For add-on cardholders, the minimum age is 18 years.
  • At present, the card is available only in Pune, Mumbai, Hyderabad, Kolkata, Chennai, Delhi, Noida, Gurgaon, Ahmedabad, Chandigarh, and Bangalore.
  • Must be having a good credit score of 750, or above

Documents required to apply for Kotak Privy League Signature Credit Card

Both Self-employed and Salaried

  • Filled Credit Card Application form
  • Passport-size photographs
  • Identity Proof- PAN Card, Aadhaar Card, Voter ID, Driving License, Passport, etc
  • Residence Proof- Utility bills, PAN Card, Aadhaar Card, etc

Salaried- Income proof

  • Latest salary slips
  • Form 16 of 3 Years
  • Latest 6 months bank statements

Self-employed- Income Proof

  • Income proof
  • Account Statements
  • Business proofs

Kotak Mahindra Privy League Signature Credit Card fee and 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
Minimum Amount due 5% or 10% of TAD (decided by the bank)
Replacement/ Re-issue of card Rs 100
Railway booking surcharge Waived (up to Rs.500 in a calendar year)
Foreign currency mark-up 3.5%

How to apply for Kotak Bank Credit Card on their official website?

  • Visit the official website of Kotak Bank
  • Click on the ‘Credit Cards’
  • Click on the ‘Apply Now button
  • Fill in your personal and income details
  • Submit the application

Kotak Mahindra Bank Customer Care

Kotak Bank credit card holders can contact customer care for any unresolved query via call, email, and SMS. You can dial- 1860 266 2666.

If you wish to know more about premium card features and benefits of other banks, click here. We IndiaLends have collaborated with the top banks and financial institutions that are offering the best-in-class reward credit cards in terms of bonus points, air miles, cashback, discounts, gift vouchers, and so on.