The Kotak Delight Platinum Credit Card is designed for individuals who frequently dine out and enjoy entertainment activities like watching movies. This card offers a cashback-centric rewards system, focusing on everyday spending categories. With dining and entertainment cashback, as well as additional perks like fuel surcharge waivers, it is a well-rounded card for regular use.
Overview
| Feature | Details |
|---|---|
| Card Type | Cashback Credit Card |
| Reward Rate | 10% cashback on dining and movies |
| Reward Value | Cashback capped at ₹600 per billing cycle |
| Annual Fee | ₹299 + GST |
| Unique Selling Points | High cashback on dining and movies, fuel surcharge waiver |
| Rating | ★★★★☆ (4.1/5) |
Fees and Charges for Kotak Delight Platinum Credit Card
| Fee Type | Charges |
|---|---|
| Joining Fee | ₹299 + GST |
| Annual Fee | ₹299 + GST (waived on spending ₹1.25 lakh annually) |
| Finance Charges | 3.50% per month (42% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹300) |
| Late Payment Fee | ₹100 to ₹1,200 depending on the outstanding balance |
| Fuel Surcharge Waiver | 1% surcharge waiver on fuel transactions between ₹400 and ₹4,000, capped at ₹4,500 per year |
Benefits of Kotak Delight Platinum Credit Card
This card offers several benefits, especially for those who spend frequently on dining and entertainment:
- Dining and Movie Cashback: Enjoy 10% cashback on dining and movies, capped at ₹600 per billing cycle. This cashback applies only if you spend ₹10,000 or more in these categories in a billing cycle.
- Fuel Surcharge Waiver: Save on fuel with a 1% surcharge waiver, capped at ₹4,500 annually.
- Railway Surcharge Waiver: Get a surcharge waiver of up to ₹500 annually on railway ticket bookings.
Rewards from Kotak Delight Platinum Credit Card
| Spend Category | Reward Rate |
|---|---|
| Dining and Movies | 10% cashback |
| Other Categories | No specific rewards |
| Reward Value | Cashback is capped at ₹600 per billing cycle |
Milestone Benefits of Kotak Delight Platinum Credit Card
| Spending Milestone | Reward Earned |
|---|---|
| ₹1.25 lakh spend in 6 months | 4 PVR tickets or ₹750 cashback |
| ₹2.5 lakh annual spend | 8 PVR tickets or ₹1,500 cashback |
Redemption of Kotak Delight Platinum Credit Card Points
The cashback earned is automatically credited to your statement in the following billing cycle, making the redemption process simple and hassle-free.
Additional Benefits
- Delight Shield: Offers protection against card loss or fraud, with coverage up to ₹1.25 lakh if reported within 7 days.
- Add-on Cards: The card offers add-on cards with customizable spending limits.
Forex Markup Fee for Kotak Delight Platinum Credit Card
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Kotak Delight Platinum Credit Card Review
Editor’s Rating
Summary
The Kotak Delight Platinum Credit Card is ideal for users who frequently spend on dining and entertainment. The cashback structure provides substantial savings in these categories, making it an attractive option for those who regularly dine out or watch movies. However, its benefits are more limited outside of these specific categories, which might not appeal to those seeking a more comprehensive rewards structure.
Pros and Cons of Kotak Delight Platinum Credit Card
| Pros | Cons |
|---|---|
| High cashback on dining and movies | Limited benefits outside dining and entertainment |
| Fuel surcharge waiver | No travel-related perks |
| Low annual fee with an easy waiver | No rewards for general spending |
Cards Similar to Kotak Delight Platinum
| Feature | Kotak Delight Platinum Credit Card | HDFC Millennia Credit Card | ICICI Coral Credit Card |
|---|---|---|---|
| Annual Fee | ₹299 + GST | ₹1,000 + GST | ₹500 + GST |
| Cashback/Reward Rate | 10% on dining and movies | Up to 5% on online spends | 2 Payback Points per ₹100 spent |
| Reward Value | Capped at ₹600 per billing cycle | 1 CashPoint = ₹1 | 1 Payback Point = ₹0.25 |
| Special Benefits | Fuel and railway surcharge waiver | Dining discounts, fuel waiver | Dining and grocery discounts |
FAQ
What is the annual fee for the Kotak Delight Platinum Credit Card?
The annual fee is ₹299 + GST, which is waived if you spend ₹1.25 lakh or more in the previous year.
How is the cashback credited on the Kotak Delight Platinum Credit Card?
Cashback is automatically credited to your statement in the following billing cycle. The cashback is capped at ₹600 per billing cycle for dining and movie spends.
Does the Kotak Delight Platinum Credit Card offer lounge access?
No, the Kotak Delight Platinum Credit Card does not provide complimentary airport lounge access.
What is the foreign transaction fee on the Kotak Delight Platinum Credit Card?
The forex markup fee is 3.5% + GST on all international transactions.
Are there any milestone benefits with this card?
Yes, you can earn 4 PVR tickets or ₹750 cashback on spending ₹1.25 lakh in 6 months. If you spend ₹2.5 lakh annually, you can earn 8 PVR tickets or ₹1,500 cashback
