Kotak Privy League Signature Credit Card
Joining Fee: No Joining Fee (For Both Variants)
Renewal Fee: ₹2,500 + GST (for the Paid Variant), No Annual Fee (for Free Variant)
Best Suited For: Shopping
Rewards Program
Two Plan Options: Cardholders can select between two plans depending on their spending habits:
Shopper’s Plan: Earn 5x Reward Points per Rs. 100 spent on select categories like apparel, groceries, consumer durables, multi-brand online and departmental stores.
Traveller’s Plan: Earn 5x Reward Points per Rs. 100 spent on select travel-related categories such as airlines, hotels, duty-free, international spends, and travel agencies.
Other Spends: Earn 2x Reward Points per Rs. 100 on all other transactions in both plans.
Reward Point Value: 1 Reward Point = Rs. 0.25.
Milestone Benefits
Paid Variant:
- Spend Rs. 3,00,000 in a membership year to earn 7,000 bonus Reward Points.
- Spend Rs. 8,00,000 in a membership year to earn 30,000 bonus Reward Points.
Free Variant:
- Spend Rs. 4,00,000 in a membership year to earn 10,000 bonus Reward Points.
- Spend Rs. 8,00,000 in a membership year to earn 30,000 bonus Reward Points.
Reward Redemption
Rewards can be redeemed on the Kotak Reward Redemption portal for products, shopping vouchers, mobile recharges, movie/travel bookings, etc.
Use PayByPoints at partner merchants like Puma and Archies.
Reward Point Expiry: Points expire after 2 years from the date of accumulation.
Travel Benefits
Domestic Lounge Access: Get 2 complimentary visits to Dream Folks Lounges in India annually.
International Lounge Access: The paid variant provides 4 complimentary international lounge visits per year via Priority Pass.
Insurance Benefits
Lost Card Liability: Protection against fraudulent transactions with coverage of Rs. 2.5 Lakhs for lost or stolen cards if reported within 7 days.
Surcharge Waivers
Railway Surcharge Waiver: Waiver of 1.8% to 2.5% on tickets booked via IRCTC, with a maximum annual waiver of Rs. 500.
Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000, capped at Rs. 4,500 per year.
Summary
The Kotak Privy League Signature Credit Card offers flexibility with two reward plans—Shopper’s Plan and Traveller’s Plan—allowing cardholders to maximize rewards based on their spending habits. The Shopper’s Plan provides 5x Reward Points per Rs. 100 on apparel, groceries, and online shopping, while the Traveller’s Plan offers 5x Reward Points per Rs. 100 on airlines, hotels, and international spends. All other spends earn 2x Reward Points per Rs. 100. With milestone rewards of up to 30,000 bonus points for spending Rs. 8 Lakhs annually, cardholders can enjoy significant value. Reward Points can be redeemed for shopping vouchers, travel bookings, and more on the Kotak Rewards portal, with a value of 1 Reward Point = Rs. 0.25. The card also includes 2 complimentary domestic lounge visits and 4 international lounge visits (for the paid variant), along with lost card liability coverage of Rs. 2.5 Lakhs. Surcharge waivers include 1% on fuel and up to 2.5% on railway bookings. With no joining fee and an annual fee of Rs. 2,500 (waived for Privy League members on the free variant), the card is ideal for Privy customers looking for customizable rewards and premium benefits.