Kotak Privy League Signature Credit Card Review

Kotak Privy League Signature Credit Card Review

Kotak Privy League Signature Credit Card

We at Credwise don’t usually prefer Kotak credit cards in the past because of its very low reward rate but it appears that the things are changing a bit lately so I decided to explore Kotak credit cards finally.

Here’s a quick review of the Kotak Privy League Signature credit card, the card that’s issued to Kotak’s premium banking customers.

Table of Contents


TypePremium Credit Card
Reward Rate0.5% – 2.2%
Annual Fee2500 INR + GST
Best forAccelerated category spends
USPQuarterly rewards benefit

If you can hit the spends required for quarterly milestone benefit, this is a nice card for Privy League customers. I don’t see any value on paid variant as there are so many others cards in industry to choose from.


Joining Fee (for all)Nil
Renewal Fee (Free card)Nil
Renewal Fee (Paid card)2500 INR + GST
Renewal Fee WaiverSpend 5 lakhs

The card is free for the Kotak Privy League Customers, Prima (2L balance) & above. It also comes as a paid version (renewal fee applicable) but its not worthy to pay for most in my opinion.


Kotak Privy League Credit Card

With the Privy League branding on the card, the design looks quite elegant without a doubt. It actually looks better in reality than on picture.


Ongoing Rewards

Spend TypeRewardsReward rate
Regular Spends2X0.50%
Spends on Accelerated Category5X1.25%
  • RP value = 0.25 INR
  • Accelerated Rewards Plan: You can choose either shopper’s (or) traveller’s plan
  • Shopper’s plan includes spends done on: apparels, jewelry, consumer durable, restaurants, departmental stores
  • Traveller’s Plan includes spends done on: airlines, hotels, restaurants, international spends and travel agencies

Milestone Rewards

SpendReward PointsValueReturn on spend
4,00,000 INR10,000 Points2,500 INR0.64%
8,00,000 INR30,000 Points7,500 INR0.94%
  • You’ll be eligible for either one, not both.

So if you manage to spend 8L under accelerated rewards, you would end up getting reward rate as good as ~2.2% which is as good as HDFC Regalia.

But that’s quite tough to attain because you can’t always spend under accelerated rewards at that spend range.

Hence, if you spend 8L in non accelerated category, you would end up with 1.44% reward rate, which is poor for a premium card.

Quarterly Rewards

  • 6400 Reward Points every Quarter (Value: 1600 INR)
  • Requirement: Spend Rs.1000 every month

This benefit is a recent change during the pandemic, otherwise you would get 4 PVR tickets, each 400 INR.

This is the main attractive benefit of this card lately as the returns on spend is pretty generous.

This benefit however maybe short-lived, as they may switch to PVR tickets in sometime, which will anyway be good as well if you’re into PVR.

Note: This benefit maybe eligible only for paid variant.

Airport Lounge Access

International (free card)Priority PassNil
International (paid card)Priority Pass4/yr

They could have given Priority pass for free cards as well, as anyway they have the banking relationship with them. But as of now you only get the PP membership without complimentary access on free card.