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Kotak Mahindra Bank

Kotak Mahindra Bank League Platinum Credit Card

Not rated yet - COFFER rates a card only after reading every document the bank publishes for it. How we rate

Open to new applications · Earns Reward points

First-year fee

₹499 to join.

₹499 or Nil, by variant

Annual fee

₹499 a year.

₹499 or Nil, by variant

What it gives back

4 Reward points per ₹150 · everyday spends

Read from 4 Kotak Mahindra Bank documents, last checked 19 Oct 2026.

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Our calculation

0.27% value back

Every ₹1,00,000 spent at this rate earns about 2,667 points, worth about ₹267 at the value Kotak Mahindra Bank states for a point.

Kotak Mahindra Bank's rate: “4 Reward points per ₹150 spent on all eligible spends” Proof
The bank’s words

“4 Reward points per ₹150 spent on all eligible spends”

Kotak Mahindra Bank's point value: “For redemption against other categories like Mobile Recharge, Shopping, etc., 1 Reward Point = ₹0.10” Proof
The bank’s words

“For redemption against other categories like Mobile Recharge, Shopping, etc., 1 Reward Point = ₹0.10”

How it compares

Compared with the cards we have read

₹499 annual fee: of the 273 other open cards whose annual fee we have read, 100 state a lower one, 25 state the same and 148 state a higher one.

3.5% forex markup: of the 291 other open cards whose forex markup we have read, 103 state a lower one and 188 state the same.

0.27% value back by our calculation: of the 49 other open cards we can work this out for, 16 return less and 33 return more.

Fees

  • Annual fee

    ₹499 a year.₹499 or Nil, by variant

  • Joining fee

    ₹499 to join.₹499 or Nil, by variant

  • Fee waiver rule

    Minimum retail spends of ₹50,000 in a year

Welcome offer

  • Welcome benefit

    5,000 Rewards points worth ₹500/- on joining; Applicable for league joining fee variant only

Rewards

  • Reward rate

    4 Reward points per ₹150 · everyday spends4 Reward points per ₹150 spent on all eligible spends.

  • Travel earning

    8 Reward points per ₹150 spent on special merchant categories: Travel Agencies & Tour Operators | Package Tour Operators | Airlines and Air Carriers | Electric Sales | Durable Goods | Departmental Stores.

  • Utilities earningReward caps

    Reward points can be only earned on utility spends up to ₹35,000 per statement cycle

  • Reward exclusions

    Wallet Load, Online skill-based gaming, Insurance, Government, Rent, Education Spends, and Fuel: Reward point earnings against these spend categories will be discontinued.

  • What one reward unit is worth

    For redemption against other categories like Mobile Recharge, Shopping, etc., 1 Reward Point = ₹0.10.

  • Cashback redemption

    Cash Value for redemption will be revised from ₹0.10 to ₹0.07 per Reward Point; a minimum of 2,000 Reward Points will be required for cash value redemption

  • Catalogue redemption

    Reward points can be used for a host of redemption options like Airtickets, Movie Tickets, Mobile Recharge / Branded Merchandise.

  • Voucher and product redemption

    Redeem your points across a variety of categories like Mobile Recharge, Shopping across 10,000 products, E-vouchers across various brands, Movies (BookMyShow Vouchers), Travel and many more.

  • Smallest number of points that can be redeemed

    A minimum of 2,000 Reward Points will be required for cash value redemption

Card benefits

  • Hotel or travel programme

    Railway Surcharge Waivers upto ₹500/- annually

  • Milestone benefits

    Spend ₹1,25,000 every 6 months and get 4 free PVR tickets or 10000 reward points.

  • Membership tiers and what unlocks them

    8 Reward points per ₹150 spent on all eligible spends of 2 lakhs and above in a card anniversary year

  • Movie or entertainment ticket benefit

    PVR tickets can be used for any day and any show and are transferrable; if price of the ticket is more than ₹400, the difference amount shall be paid by the cardholder along with booking/convenience fees.

Also included

  • Fuel surcharge waiver

    Get 1% Fuel Surcharge Waiver up to ₹3500/- annually

  • Add-on card eligibility

    Add-On Cardholder should be 18 years and above.

Charges

  • Forex markup

    3.5% on foreign currency transactions.

  • Cash advance fee

    2.5% of the advance amount (minimum ₹500)

  • Interest on unpaid balance

    3.75% monthly (45.00% annualized)

  • Interest-free period

    Up to 51 days

  • Late payment fee

    Outstanding Balance <= ₹100: ₹0, >₹100-₹500: ₹100, >₹500-₹1000: ₹500, >₹1000-₹5000: ₹600, >₹5,000-₹10,000: ₹750, >₹10,000-₹25,000: ₹900, >₹25,000-₹50,000: ₹1,100, >₹50,000: ₹1,300.

Eligibility

  • Income requirement

    ₹5 Lakhs and above per annum.

  • Minimum age

    Primary Cardholder should be in the age bracket of 21 years to 60 years.

  • Residency

    Should be a resident of India.

In the terms, not the brochure (1)

  • The period milestones are measured over and when it resets

    For milestone benefits, all transactions settled during milestone period will be considered; example, milestone period is 1st Jan 2021 to 30th June 2021, then the transactions settled till 30th June 2021 will be considered for milestone benefits

How we know - 4 documents from Kotak Mahindra Bank, checked 19 Oct 2026

4 documents from Kotak Mahindra Bank, checked 19 Oct 2026.

  • Key Fact Statement KFS League Platinum6 Oct 2026Proof
  • Card pageProof
  • Fees and charges pageProof
  • MITC and Key Fact StatementProof

On these lists

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₹499 a year

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