This can be a assessment by one in all our reader Bhavye Goel who holds a number of Kotak Credit score Playing cards in his household.
After my hunt for one of the best grocery card in India ie. Kotak Essentia Platinum Credit score Card I began looking for a card which may yield me returns on my eating spends as this was the world the place I used to be spending so much too.
I wished one thing which may give me rewards from these small solo meals to grand household dinners and a card which might work at each meals joint which accepts card be it a roadside dhaba or a fantastic eating restaurant and never simply companion eating places of HDFC/AXIS or ICICI for which usually we’ve got a card in our household all the time like credit score or debit.
There have been two playing cards which had the potential to serve my objective one was Kotak Feast Gold Credit score Card and different one was Kotak Delight Platinum Credit score Card.
Kotak Delight Platinum Credit score Card
However after seeing too many circumstances in Feast Card like that solely first 5 Eating and Leisure transactions will likely be eligible for cashback I rejected it as a result of my spends had been normally restricted from Rs. 100-200 for my lunch in workplace hours.
Lastly I utilized for Kotak Delight Platinum Credit score Card on my father’s behalf as based on the supervisor just one card is given per CRN. Although he was misinformed as now I’ve two playing cards on my CRN.
Becoming a member of Charges
Becoming a member of charges: Rs 1999 + GSTWelcome Provide: 2 BookMyShow vouchers price 200 every on first swipe for those who apply on-line instantly with Kotak.Annual charges: Rs 299 + GST (2nd yr onwards non-waiverable)Add on card charges: Rs 249 + GST
Utility Course of
The applying course of was easy as we had utilized by means of the department as a result of there was no welcome supply at the moment which is working presently on Kotak Playing cards and the department employees collected all of the paperwork from my residence and obtained the shape stuffed and signed.
It was the primary Credit score Card in my father’s identify however he had a credit score historical past due to the automotive mortgage. Right here’s how the cardboard appears to be like like (greyish),
Credit score Restrict: The cardboard was delivered in round 10 days and I used to be stunned to see a meagre credit score restrict of Rs.15,000 for an individual who was sustaining an Ace financial savings account with Kotak Mahindra Financial institution and steadiness all the time hovering in 7 digits.
The factor that was extra humorous about this restrict was that we had been unable to even use the advantages of this card due to the cashback situation which I’ve talked about under. Our a number of restrict enhancement requests to buyer care and even to the department supervisor had been turned down by asking us to attend for six months for the restrict to be reviewed.
10% Money-Again on Eating. (Espresso Outlets | Quick meals joints| Pizza joint | Pubs | Eating places)10% Money-Again on Films (Film Theatres | Performs)Most transaction dimension: Rs. four,000/txnMost Money-back: Rs. 600/monthMilestone Profit: Spend Rs. 1,25,000 each 6 months and get four free PVR tickets Or Rs.750 cashback.
A most Money-back of Rs. 600 together with each Eating & Leisure transactions will likely be given in a month-to-month billing cycle. Most transaction dimension is Rs. four,000 to be eligible for cashback. So higher break up your eating payments that are better than 4000 and swipe the cardboard twice to be eligible for the cashback.
Money-back for a specific billing cycle will likely be credited within the subsequent month billing cycle. I’m attaching an announcement screenshot of the identical. Redemption is completely hassle-free.
Cashback Situation: The one deal breaker about this card is that you must spend Rs.10,000 per 30 days on classes apart from restaurant and leisure inside the identical billing cycle to get the 10% cashback. To meet this situation I usually load on-line wallets. If somebody has a card which supplies 1-2% on pockets masses then this implies a lack of 100-200 per 30 days.
However nonetheless it offers an honest profit to me even for those who issue this loss it offers round 7% cashback at non companion eating places. Right here’s a fast look into my assertion.
This card is nice for those who spend approx. Rs 6000 per 30 days on consuming out and also you dont have to consider companion eating places solely. I’m saving nearly Rs.500-600 per 30 days utilizing this card, which is about Rs.7200 a yr.
Although generally service provider class at touristy locations is wrongly set as Lodges/Grocery and therefore no cashback. however principally it really works.
The excellent news is, It really works on On-line meals supply portals like Swiggy and Zomato too. So at any time when there is no such thing as a pockets supply occurring them I exploit this card and get a candy 10% cashback. 🙂
Do you could have Kotak Delight Platinum Credit score Card? Be at liberty to share your ideas & experiences within the feedback under.