M16S / Kotak Mahindra Bank / Kotak League Platinum Credit Card
entry · rewards
Kotak League Platinum Credit Card
The Kotak League Platinum Credit Card costs Rs 499 a year, waived if you spend Rs 50,000 in a year. Its base return is 0.27%. The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 499+ GST
- Fee waived at
- Rs 50,000annual spend
- Base return
- 0.27%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
What changed on this card
- Kotak changes minimum amount due to 1% of purchases, Jun 2025
From 1 Jun 2025 Minimum Amount Due is 1% of purchase transactions and cash advances, plus 100% of EMI, fees and charges (including finance or interest charges), taxes and any over limit amount, plus any unpaid prior MAD. The earlier basis was 5% of purchases plus 5% of finance charges. Source: Kotak Mahindra Bank, kotak.bank.in, read 28 Oct 2026
- Kotak League Platinum caps utility rewards and drops categories, Jun 2025
From 1 Jun 2025 reward points on utility spends are earned only up to Rs 35,000 per statement cycle. Wallet load, online skill based gaming, insurance, government, rent, education and fuel spends stop earning. These categories no longer count toward milestones. Source: Kotak Mahindra Bank, kotak.bank.in, read 28 Oct 2026
- Kotak League Platinum cuts cash redemption to Rs 0.07 per point, Jun 2025
From 1 Jun 2025 cash value for redemption falls from Rs 0.10 to Rs 0.07 per reward point, with a minimum of 2,000 reward points for cash redemption. Redemption against other categories stays at Rs 0.10 per point. Source: Kotak Mahindra Bank, kotak.bank.in, read 28 Oct 2026
- Kotak League Platinum revises fuel surcharge waiver terms, Jun 2025
From 1 Jun 2025 the 1% fuel surcharge waiver applies to transactions between Rs 500 and Rs 4,000, with a maximum waiver of Rs 3,500 in an anniversary year. Fuel transactions do not earn reward points. Source: Kotak Mahindra Bank, kotak.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 499 |
|---|---|
| Annual fee | Rs 499 |
| Annual spend that waives the fee | Rs 50,000 |
| Fee notes | MITC: joining Rs 499 or nil depending on variant, annual Rs 499, waived on Rs 50,000 retail spend in a year. Issuer listing shows Rs 0 / Rs 0. |
Rewards
| Welcome benefit | 5,000 reward points (stated worth Rs 500) on the paid joining-fee variant only |
|---|---|
| Reward currency | Reward Points |
| Base earn | 4 points per Rs 150 (8 per Rs 150 once annual spend crosses Rs 2 lakh) |
| Base return | 0.27% |
| Point valueunverified | Issuer page illustration uses 1 point = Rs 0.10 (welcome 5,000 points = Rs 500) |
| Accelerated earn | 8 points per Rs 150 on special categories: travel agencies, tour operators, airlines, electric sales, durable goods, departmental stores |
| Caps | Utility spends earn points only up to Rs 35,000 per statement cycle |
| Spends that earn nothing | Wallet loads, online skill-based gaming, insurance, government, rent, education, fuel, railways (MCC list on page) |
| Milestone benefits | Spend Rs 1,25,000 every 6 months: 4 PVR tickets (up to Rs 400 each) or 10,000 reward points; claim within 3 months |
| Reward notes | base_return_pct = 4 points per Rs 150 x Rs 0.10 = 0.27%; 0.53% at the 8-point rate. Point value taken from the issuer's own illustration; redemption catalogue not read. |
Travel and perks
| Domestic lounge | None stated |
|---|---|
| International lounge | None stated |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on Rs 500-4,000 txns, cap Rs 3,500 per anniversary year; railway surcharge waiver up to Rs 500 |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | By outstanding balance: <=100 nil; 100-500 Rs 100; 500-1,000 Rs 500; 1,000-5,000 Rs 600; 5,000-10,000 Rs 750; 10,000-25,000 Rs 900; 25,000-50,000 Rs 1,100; >50,000 Rs 1,300 |
| Cash advance fee | 2.5% min Rs 500 |
| Eligibility | Not read (separate eligibility page) |
| Fine-print notes | Excluded categories also do not count towards the milestone. MITC surcharges: 1% on utility spend above Rs 35,000/cycle, fuel above Rs 25,000/cycle, wallet loads above Rs 10,000/cycle, online gaming above Rs 10,000/cycle, education via third-party apps; rent 1% + GST. |
Questions
- What is the annual fee of the Kotak League Platinum Credit Card?
- Rs 499 a year, before GST. It is waived if you spend Rs 50,000 in a year.
- Does the Kotak League Platinum Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Kotak League Platinum Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Kotak League Platinum Credit Card?
- Wallet loads, online skill-based gaming, insurance, government, rent, education, fuel, railways (MCC list on page)