Kotak Bank PVR Gold Credit Card Review

Review Summary

The Kotak Bank PVR Gold Credit Card is a basic card which can be best used for movies. You even get free movie tickets on monthly milestone spends. Also, an insurance cover of Rs. 50,000 per year against fraudulent transactions. The interest rate charges associated with this card are 3.40% monthly (40.80% annualised).

Annual fee: Rs. 499

Kotak Bank PVR Gold

Info

Pros
  • Free movie Tickets on achieving annual spends
  • PVR Shield- Insurance Cover for Lost or Stolen Cards
  • Add on card benefits
Cons
  • No reward points
  • No Welcome Gift
  • Less features

Additional

  • You get 1 movie ticket free when you spend Rs. 10000 or more in a month and when you spend Rs. 15000 or more in a month you get 2 movie tickets free.
  • If your card got stolen then you can get a maximum Rs. 50000 are covered per year.
  • You can get add on card for your family members which will have all the benefits that you enjoy on your Card.
  • If you want a card with movie offers with no additional offers, then you can go for this card as it might fit your requirements.

In this article

Card Rating
Pros and Cons
Features and Details
Kotak Bank PVR Gold Credit Card: Benefits
Where Kotak Bank PVR Gold Credit Card falls short!
Fees and Charges
Why should you sign-up for this card?
How to use the card to maximise the benefits
Is this the right card for you?
Similar cards: In case Kotak Bank PVR Gold Credit Card doesn’t impress you!
Kotak PVR Gold Vs SBI SimplySave Credit Card
Kotak PVR Gold Vs SBI SimplyClick Credit Card
Final Word

Card Rating

Measures Rating (Out of 5)
Annual Fees4.5
Rewards0
Features1.5
Interest Rate 2
Joining Bonus0

Pros and Cons

ProsCons
Free movie Tickets on achieving annual spendsNo reward points
PVR ShieldLess features
Add on card benefitsNo welcome gift

Kotak Bank PVR Gold Credit Card Features and Details

Annual Fees Rs. 499
Interest Charges3.4%
BenefitsFree movie tickets on spends of Rs. 10000 and Rs. 15000 per month
Late Payment Charges 0-100: Nil
100-500: 100
501-10000: 500
Above 10000: 700
Foreign Currency Transaction3.5%
Over-limit penalty Rs. 500
Cash Advance ChargesRs. 300

Kotak Bank PVR Gold Credit Card: Benefits

Free Movie Tickets

You get 1 movie ticket free when you spend Rs. 10000 or more in a month and when you spend Rs. 15000 or more in a month you get 2 movie tickets free.

How to use your coupon code

  1. Log on to www.pvrcinemas.com.
  2. Select your preferred movie, show, booking class and seats
  3. Click on MCOUPON on the payment page below the Credit/Debit Card payment options.
  4. Enter the last 5 digits of your registered mobile number and last 4 digits of your Kotak PVR Gold Credit Card.
  5. Enter the coupon code and make payment.
  6. You will get a maximum discount of Rs. 400. If the price of the ticket is more than Rs. 400 then you need to pay the balance amount.

PVR Shield

If your card got stolen then you can call the customer care on 1860 266 2666 to deactivate/block/cancel your card to prevent it from misuse. All the transactions prior to 7 days from your call are covered. However, maximum Rs. 50000 are covered per year.

Add on Card

You can get add on card for your family members which will have all the benefits that you enjoy on your Card. Also, you can set the spending limit. However an annual fee of Rs. 299 will be charged for every add on card.

Where the Kotak Bank PVR Gold Credit Card falls short!

Less features

This card doesn’t offer you any dining offers, golf privileges. You just get free movie tickets when you achieve monthly spends of Rs. 10000 and R. 15000.

No welcome gift

With Kotak PVR Gold you don’t get any welcome gift. However, there are others cards which offer you the benefit of welcome gift.

No rewards

You don’t get any rewards with this card. Other cards offer you reward points for every Rs. 100 spent. So if you want a card which offers you reward points, consider some other card.

High-interest rate

Kotak PVR Gold Credit Card charges a slightly higher rate of 3.40% per month (40.80% per annum) when compared to its peers. If you usually pay the minimum amount due, then this might be a problem for you. You could be paying higher payments over time with this slightly higher interest rate. And if you make the payment in full, then you can consider this card.

Kotak Bank PVR Gold Other Fees and Charges

Annual Fees

With Kotak PVR Gold, it is optional to pay your joining fees. An Annual fee of Rs. 499 will be charged per year.

Finance Charges

If you just pay the minimum amount due and don’t pay the balance in full as per the last credit card statement by the payment due date, the interest rate charged will be 3.4% per month, i.e. (40.80% annually). It is a good habit to pay your bills before the due date. This will help in maintaining a good credit score which will, in turn, help you in getting better credit card deals and loans in the future.

Late Payment Charges

If you are not able to pay your outstanding balance in full, you will incur late payment charges. These charges depend on your balance statement and are described in the table below:

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

Overseas transactions

You have the option of using your card for foreign transactions. However, you will be charged a foreign transaction fee for the same. For international transactions in US Dollars, you will be charged 3.5% of the INR equivalent of the US Dollar amount. If the transaction takes place in some other currency than US Dollars, then the transaction would be converted to US Dollars first, and then 3.5% charge would be levied on the INR equivalent of the US Dollars.

Over Limit Penalty

If by any chance you have spent more than your card limit then you will be charged Rs. 500 as over limit penalty. For example, your card limit is Rs. 65000 and your spends are 70000 then you will be charged an over-limit penalty of Rs. 500.

Cash Advance charges

Withdrawing cash from your credit card should be your last resort. When you run out of all other options, only then should you withdraw cash from your credit card. The reason being that interest starts accruing on your transaction as soon as you make the withdrawal. On top of that a one time fee of Rs. 300 is charged.

Other Charges

Cheque Bounce Payment: Rs. 500

Cash payment at the branch: Rs. 100

Card Replacement: Rs. 100

Why should you Sign-up for this card?

  1.  Free movie tickets
  2. Insurance cover of Rs. 50000 against fraudulent transactions
  3. Add on card get same benefits as of the card holder
  4. Set your desired limit for add on card holder

How to use the card to maximise the benefits

Maintain a monthly spend of Rs. 10000

You get 1 free movie ticket if your monthly spend is Rs. 10000 or more, and when your spends are Rs. 15000 or more then you get 2 movie tickets free.

Add on Card for your family members

You can get add on cards for your family members in Rs. 299 which has all the benefits of the cardholder. Also, the spending limit can be set as desired

Is this the right card for you

If you want a card with movie offers with no additional offers, then you can go for this card as it might fit your requirements. And if you want a card with rewards and additional features then you can go for some other cards. To look for other cards you can see the similar cards section.

Similar Cards: In case Kotak Bank PVR Gold Credit Card doesn’t impress you!

This card is a basic card with no additional benefits. In this section, we will be comparing other cards to Kotak PVR Gold Credit Card which offer similar/better benefits. So if this card is not the one you are looking for then this section might help you to choose a card which suits your requirements.

Kotak PVR Gold Vs SBI SimplySave Credit Card

SBI SimplySave is a basic card which can be best used for dining, movies, grocery and departmental stores.

Category Kotak PVR Gold SBI SimplySave
Welcome Gift Nil2,000 reward points if you spend Rs. 2,000 or more within 60 days
Reward RateNilVaries from 0.25%-2.5%
Finance Charges3.4%3.35%
Welcome Gift by SBI SimplySave

With SBI SimplySAVE Credit Card provides 2000 bonus reward points if you spend Rs 2000 and more within 60 days of the receipt of the card as the welcome gift. Whereas you don’t get any welcome gift with Kotak PVR Gold.

Reward Points by SBI SimplySAVE Credit Card

With SBI SimplySAVE Credit Card you can earn 10 reward points on every Rs. 100 spent on Dining, Movies, Departmental Stores and Grocery Spends and 1 reward point on every Rs. 100 spent where your reward rate varies from 0.25%-2.5%. Where as with Kotak PVR Gold you don’t get to earn any reward points.

Bottom Line

As discussed SBI SimplySAVE Credit card offers a lot of benefits along with a better reward rate and charges an annual fee of Rs. 499 which is similar to Kotak PVR Gold. So if you want to earn rewards and get additional benefits with the similar annual fee then go for SBI SimplySAVE Credit Card.

Kotak PVR Gold Vs SBI SimplyClick Credit Card

Another Card is SBI SimplyClick Credit card which will give you maximum benefit when used for online shopping.

Annual FeeRs. 599
Rewards10 reward points for every Rs. 100 spent on apparels
1 reward point for every Rs. 200 on other categories
BenefitsMilestone benefits
Fuel surcharge waiver
Special Kotak Bank offers
Interest rate3.50% per month
Late payment chargesRs. 100 - Rs. 500: Rs. 100
Rs. 501 - Rs. 10000: Rs. 500
Rs. 10001 & more: Rs. 700
Cash advance feeRs. 300
Foreign transaction fee3.50%
Welcome gift by SBI SimplyClick

With SBI SimplyClick you get a voucher from Amazon worth Rs. 500 as welcome gift. Whereas with Kotak PVR Gold you don’t get the benefit of welcome gift.

Reward Points by SBI SimplyClick

With SBI SimplyClick your reward rate varies from 0.25%-2.5% on online shopping from Amazon, book my show, zoom car and much more. Whereas you don’t get any rewards with Kotak PVR Gold Credit Card.

Bottom Line

As discussed SBI SimplyClick Credit card offers a lot of benefits along with reward points and charges an annual fee of Rs. 499 which is similar to Kotak PVR Gold. So if you want to earn rewards and get additional benefits with the similar annual fee then go for SBI SimplySAVE Credit Card.

Final Word

After going through the benefits and shortfalls of Kotak PVR Gold Credit Card you can now decide whether this card fits into the checklist of your requirements or not. This card only provides you movie tickets if you achieve the monthly spends with no additional features. So if you want better cards you can go for HDFC Titanium Times, SBI SimplySAVE or SBI SimplyClick.