Kotak Bank Delight Platinum Credit Card Review

Kotak Bank Delight Platinum Credit card

Review Summary

Kotak Bank Delight Platinum Credit Card is a semi-premium credit card for those who earn a net monthly income of Rs.40,000 and above. With an initial joining fee of Rs. 1,999, you get cash back for movie ticket booking and dining spends, fuel and railway surcharge waiver, half-yearly milestone benefits of PVR tickets and insurance coverage up to Rs.75,000.

Annual fees: Rs. 299/-(from 2nd year)

Reward rate: 10%

Kotak Delight Platinum

Info

Pros
  • Low Annual Fee
  • Cashback on Movie and Dining Spends
  • Fuel and Railway Surcharge Waiver
  • Delight Shield- Insurance Cover
  • Milestone Benefits- 8 free PVR Movie vouchers
Cons
  • Very High Joining Fee
  • No Air lounge Access
  • Chargeable add-on cards
  • High Eligibility Criteria for approval
  • No Rewards for retail spends

Additional

  • 10% cashback on dining and movie spends - if monthly milestones exceed Rs. 10,000
  • Fuel Surcharge waiver upto maximum of Rs.4,500 in a year.
  • With Kotak Bank Delight Platinum Credit Card you don’t need to pay an additional surcharge for railway tickets booking made online through IRCTC official website and also for transactions on Indian Railways Booking Counters.
  • If you spend Rs. 1,25,000 every six months with this credit card, you get four free PVR tickets. You can enjoy a maximum of 8 free PVR tickets every year.
  • You can protect your card from an unauthorised transaction if stolen with an insurance cover of Rs.75,000 with HDFC ERGO General Insurance Company.
  • You can reproduce your credit card with an Add-on card by paying addition card fees of Rs.299 for each card.
  • With this credit card, you earn cash back for your monthly spends more than Rs. 10,000. So, every month you schedule your retail payments with this credit card atleast up to Rs.10,000 to earn the cash back.

In this review

Card Rating
The Good and The Bad
Kotak Bank Delight Platinum Credit Card: Features and Details
Kotak Bank Delight Platinum Credit Card: Benefits
Additional features
Where the Kotak Delight Platinum Credit Card falls short!
How to use the card to maximise benefits
Kotak Bank Delight Platinum Credit Card: Fees and Charges
Why should you Sign-up for this card?
Eligibility
Similar cards: In case Kotak Bank Delight Platinum Credit Card does not impress you
Kotak Bank Delight Platinum Credit Card Vs RBL Platinum Edge Supercard
Kotak Bank Delight Platinum Credit Card Vs Citi Cash Back Credit Card
Final Word

Card Rating

MeasureRating (Out of 5)
Annual Fees4.5
Rewards2
Features3
Interest Rate 2
Joining Bonus 0

The Good and The Bad

ProsCons
Low Annual FeeVery High Joining Fee
Cashback on Movie and Dining Spends
No Air lounge Access
Fuel and Railway Surcharge WaiverChargeable add-on cards
Delight Shield- Insurance CoverHigh Eligibility Criteria for approval
Milestone Benefits- 8 free PVR Movie vouchersNo Rewards for retail spends

Kotak Bank Delight Platinum Credit Card: Features and Details

Particulars 
Joining feeRs. 1999
Annual feeRs.299 ( from 2nd year)
Rewards10% cashback on dining and movie spends - if monthly milestones exceed Rs. 10,000
Fuel Surcharge WaiverMax up to Rs.4500 every year
Railway Surcharge WaiverMax up to Rs.500 every year
Milestone BenefitsMilestone Benefit of 8 PVR Tickets on spending Rs. 1,25,000 every 6 months.( 4 PVR Tickets at a time)
Other BenefitsDelight Shield up to Rs.75,000 per year
Add-on Card benefits
Finance Charges3.40% (Annualized 40.8%)
Add-on card chargesRs. 299
Over Limit PenaltyRs. 500
Late Payment FeeRs. 0- Rs.100: Nil
Rs.100- Rs.500: Rs.100
Rs.501- Rs.10000: Rs.500
Above 10000: Rs. 700
Cash Advance FeesRs.300 per Rs.10,000 withdrawn
Foreign Currency Transaction3.5%

Kotak Bank Delight Platinum Credit Card: Benefits

 Reward Program

You get 10% cash back for dining and movie spends if you reach your monthly retail spends above Rs. 10,000 other than dining and entertainment categories.

You can avail 10% cash backs at Coffee Shops, Fast food joints, Pizza joint, Pubs, Restaurants. You also can avail 10% cashback on the movie and plays bookings made with this credit card.

The maximum cash back you can earn every month is only Rs.600. Also, the maximum transaction limit is Rs.4000 for movie and dining offers. Cash-back is offered on transactions undertaken at only those Merchant Establishments which are classified under the “Entertainment”  and “Restaurant” Merchant Category Code (MCC) as defined by VISA.

Reward Rate

With 10% cashback for your dining and movie spends, we can decide the reward rate as 10%. This reward rate is calculated taking the base of

1 cash back point = 1 Rupee. 

Fuel surcharge waiver

You get surcharge waiver for fuel transactions between Rs. 400 and Rs. 4000 made with Kotak Bank Delight Platinum Credit Card. However, you can save maximum surcharge of Rs.4,500 in a year.

Railway surcharge waiver

With Kotak Bank Delight Platinum Credit Card you don’t need to pay an additional surcharge for railway tickets booking made online through IRCTC official website and also for transactions on Indian Railways Booking Counters. However, you can save a maximum of Rs.500 in a calendar year.

Milestone benefits

If you spend Rs. 1,25,000 every six months with this credit card, you get four free PVR tickets. You can enjoy a maximum of 8 free PVR tickets every year. However, you can claim your PVR tickets within three months of receiving them.

Additional features

Delight Shield

You can protect your card from an unauthorised transaction if stolen with an insurance cover of Rs.75,000 with HDFC ERGO General Insurance Company. For this, you need to register with them, and you report to Kotak, the event of loss of card within seven days to claim the insurance.

Replicate you card with Add-On

You can reproduce your credit card with an Add-on card by paying addition card fees of Rs.299 for each card. You enjoy all the benefits of the primary card. Also, you have the flexibility to manage the credit limit and track spends separately.

Where the Kotak Bank Delight Platinum Credit Card falls short!

Very High Joining Fees

First of all, this credit card is very costly for the first year. You must pay Rs.1,999  as joining fee in the first-month bill.This fee is very high when compared to similar cards in the dining and entertainment categories.

Lack of Spend Rewards

When you use this credit card, there are no reward points for your non-fuel retail spends. This is one of the missing features of this credit card.

Eligibility Criteria

Also, this credit card can be attained if your monthly net income is more than Rs.40,000 and your location must be in the main cities of India which have access to branded outlets and facilities.

Delight is not so Delight

With a very high joining fees, you don’t earn any delightful rewards until you mandatorily spend every month with this credit card. Also, you don’t have access to complimentary luxury benefits like air lounge access, golf course and concierge. Also, the add-on card is also not free.

How to use the card to maximise benefits

After reviewing the advantages and drawbacks of this Kotak Bank Delight Platinum Credit Card, you can look at the best way out to use the card as efficient as possible as stated below.

Plan Monthly- Earn Cashback Monthly

With this credit card, you earn cash back for your monthly spends more than Rs. 10,000. So, every month you schedule your retail payments with this credit card atleast up to Rs.10,000 to earn the cash back.

Plan your Fuel

When you get fuel surcharge waiver with this credit card, you must plan your fuel transaction to be minimum Rs. 400 to a maximum Rs.4,000. For transactions other than this range, you will have to pay the surcharge.

Spend More- Watch More

With milestone benefits available with this card, you must spend atleast Rs.1,25,000 every six months with this credit card. Then, you can earn 4 PVR tickets for watching movies at PVR Cinemas. You should remember to use these movie vouchers within three months of receiving them.

Kotak Bank Delight Platinum Credit Card: Fees and Charges

Joining and Annual Fees

The joining fee of Rs.1,999 is applicable for using this Kotak Bank Delight Platinum Credit Card. This amount will reflect in the first bill of your credit card usage. The annual fee for next year is only Rs.299 which is slightly attractive about this card.

Finance Charges

If you don’t pay the outstanding bill by the payment due date, the bank will charge an interest rate of 3.40% (Annualized 40.8%). Paying your bills in full and before the deadline is a great habit. This practice will help you to maintain a good credit score.

Late Payment Charges

If you are not able to pay your outstanding balance of your Kotak Bank Delight Platinum credit card in full, you will incur late payment fees. These charges depend on your balance as on the last date of the billing cycle and are detailed in the table below:

Amount DueCharges(in INR)
0-100Nil
100-500100
501-10000500
Above 10000700

Foreign Currency transactions

Foreign transaction charge is similar to other credit cards at 3.5%. You will be charged on all cross-border transactions made in a currency other than Indian Rupees.

Other Fees and Charges

Card replacement costs: Rs.100
Over limit Charge: Rs.500
Cash withdrawal fees: Rs.300
Duplicate Statement Charge: Nil
Outstation Cheque Fee: Rs.100
Cash Payment at Branches:  Rs.100 if you make your bill payment at Kotak Branches through Cash.

Why should you Sign-up for this card?

  1. Cashback offers
  2. Fuel Surcharge Waiver
  3. Railway Surcharge Waiver
  4. Delight Shield
  5. Half-yearly Milestone Vouchers

Eligibility

If you want to get this card, you must fulfil the eligibility criteria prescribed by Kotak Mahindra Bank. You should have a net monthly income of Rs. 40,000 or above. You must be in the age range of 21 years to 65 years to become primary cardholders. For add-on cards for your family members, the minimum age must be 18 years and above. You can get the approval for this card if you stay at only- Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune- Major cities in India.

Similar cards: In case Kotak Bank Delight Platinum Credit Card does not impress you

This Kotak Bank Delight Platinum Credit Card has essential features and rewards which may suit your lifestyle requirements. A comparison is given below with the Kotak Bank Delight Platinum Credit Card, to learn more about similar cards in this category.

Kotak Bank Delight Platinum Credit Card Vs RBL Platinum Edge Supercard

With the initial joining fee of Rs.1999, both the credit cards Kotak Delight Platinum Credit Card and RBL Edge SuperCard are similar. But, the annual fees of RBL Platinum Edge SuperCard is also higher up to Rs.1999.

CategoryKotak Bank Delight Platinum Credit CardRBL Platinum Edge Supercard
Joining FeesRs.1999Rs.1999
Annual FeeRs.299Rs.1999
Rewards10% cashback on dining and movie spends - if monthly milestones exceed Rs. 10,0002 Reward Points for every Rs.100 spent
Fuel Surcharge WaiverMax up to Rs.4500 every yearMax up to Rs.100 every month
Joining BonusNil8000 reward points
Milestone benefitsSpend Rs. 1,25,000 every six months with this credit card, you get 4 free PVR tickets.1000 points per month for milestone up to Rs. 15000 per month.
Airport Lounge AccessNot Available4 Complimentary visits ( One per quarter)
Welcome Gift

With RBL Platinum Edge SuperCard you get 8000 points once you spend Rs.2000 in the first 60 days with your credit card.

Attractive rewards

With RBL Platinum Edge Supercard, you get two reward points for every Rs.100 spent. Additionally, you get a bonus of 1000 reward points if you spend Rs.15,000 every month with the Platinum Edge SuperCard. You also get free movie ticket every month and accelerated reward points for dining on Wednesdays.

Complimentary Air Lounge Access

With RBL Platinum Edge SuperCard, you also get complimentary domestic air lounge access once per quarter, with a maximum of 4 free access every year.

Bottom Line

As discussed, RBL Platinum Edge SuperCard is a semi-premium credit card which costs you Rs.1999 every year. You get more benefits with this credit card on your spends, dinings on Wednesdays, monthly managed expenses up to Rs.15,000 and free movie tickets along with complimentary air lounge access. You can go for this credit card if you are willing to spend Rs.1999 every year for using this credit card.

To find out more about the card, read our RBL Bank Platinum Edge SuperCard Review.

Kotak Bank Delight Platinum Credit Card Vs Citi Cash Back Credit Card

Citi Cash Back Credit Card is one of the good credit cards with cash back offers. With the lower cost of the credit card, you enjoy much cash back offers and privileges with this credit card.

CategoryKotak Bank Delight Platinum Credit CardCiti Cash Back Credit Card
Joining fee Rs.1999Rs.500
Annual feeRs.299Rs.500
Rewards10% cashback on movie and dining spends with purchase limit of Rs.1000 retail spends per month5% cashback on movie ticket purchases, telephone bill payments and other utility bill payments.
0.5% cash back on all other spends
Reward rate10%0.5% to 5%
Finance Charges3.4% per month- 40.80% Annualized.Dynamic Interest rate ranging from 3.10% to 3.5% per month.
Other PrivilegesDelight Shield,
Add-on card
Dining privileges - with 15% discount.
Shopping and EMI privileges
Cashback on every spends

With Citi Bank Cashback credit card, you get cash back for every purchase you make. You earn 5% cashback for movie ticket bookings, telephone bill payments and other utility bill payments. For other spends, you get minimum 0.5% cash back. However, you must pay your utility bills only at Citibank Online Bill Pay for getting the cash back to your account.

Dynamic Interest Rates

This credit card has the initial interest rate of 3.25% (monthly) or 39.0% (annual) at the time of activation. Based on your monthly credit card bill payments, your interest rate may vary between 3.10 % per month to 3.50 per month. This dynamic feature helps you to be careful while spending and repaying the bill.

Dining Privileges

With this credit card, alongside the cashback offers you can save up to 15% at restaurants associated with Citi Bank Dining Privileges program.

Bottom Line

As discussed, Citi Cashback credit card offers you cash back for every spends you make with a minimal annual fee of Rs.500. You also have a dynamic interest rate option based on your credibility and dining privileges. You can signup for this credit card if you want to earn for every rupee spent.

To know more about the card, read our Citi Cash Back Credit Card Review.

Final Word

This review must have helped you in understanding the benefits and drawbacks of Kotak Bank Delight Platinum Credit Card. You get cash back for dining and movie spends, free PVR tickets, fuel and railway surcharge offers with a minimal annual fee of Rs.299. On the other hand, to own this credit card, you should qualify the eligibility and spend Rs.1999 as initial cost.