Kotak Delight Platinum Credit Card

About Kotak Delight Platinum Credit Card

Are your weekend dinner bills and movie ticket prices eating into your monthly savings? The Kotak Delight Platinum Credit Card is designed to put that money back into your pocket.

This card offers a massive 10% cashback on dining and entertainment. If you spend ₹6,000 on restaurants and movies monthly, you could be looking at ₹7,200 in annual savings just from these two categories. It is a straightforward cashback tool for people who prioritize lifestyle spending over complex reward points.

Built for professionals and business owners earning ₹6 lakh or more annually, this card specifically targets those who spend at least ₹10,000 monthly on retail expenses. It bridges the gap between a basic entry level card and a premium lifestyle card by offering high value in very specific categories.

What sets it apart:

• 10% cashback on dining and movies, which is significantly higher than the 1-2% offered by standard platinum cards.
• A unique fee structure with a higher joining fee but a very low annual maintenance cost of just ₹299.
• Milestone rewards that give you free PVR tickets or extra cashback every six months.

Quick check: To qualify for this card, you will need a minimum monthly income of ₹50,000 and a credit score (CRIF) of 720 or higher.

Let's break down why this card might deserve a spot in your wallet:

Key Benefits and Features of Kotak Delight Platinum Credit Card

The Kotak Delight Platinum Credit Card is structured around the "Spend to Earn" philosophy. Unlike cards that give you points for every rupee spent, this card requires you to hit a specific spending threshold to get the maximum cashback rates.

High Value 10% Dining Cashback

You can earn 10% cashback at stand-alone restaurants across India. To get this benefit, you must spend at least ₹10,000 on categories other than dining and entertainment within the same billing cycle. Once you hit that ₹10,000 mark, your dining spends become eligible for the 10% back. The maximum cashback is capped at ₹600 per month, combined with your movie spends. This is ideal for those who already have high monthly spends on groceries or clothes and want to subsidize their weekend outings.

10% Cashback on Movie Tickets

Similar to the dining benefit, movie lovers can get 10% cashback on cinema bookings. The same rule applies: you need to spend ₹10,000 on other categories first. If you spend ₹4,000 on movies and dining combined in a month, you hit the ₹400 cashback mark. Over a year, this can save you up to ₹7,200, which effectively covers the cost of several outings.

Milestone Rewards: Free PVR Tickets or Cashback

The card rewards consistent spenders every six months. If you spend ₹1,25,000 within a six month period, you can choose between 4 PVR tickets or ₹750 cashback. Since you can achieve this twice a year, you can get a total of 8 PVR tickets or ₹1,500 in cashback annually. This adds an extra layer of value on top of the monthly cashback earnings.

Railway Surcharge Waiver

If you frequent the Indian Railways, this card helps you save on booking costs. You get a surcharge waiver for tickets booked through the IRCTC website or at Indian Railways booking counters. The maximum waiver is capped at ₹500 per calendar year, making it a handy tool for domestic travelers.

Fuel Surcharge Waiver

To help with your daily commute, the card offers a 1% fuel surcharge waiver. This applies to transactions between ₹400 and ₹4,000 at any gas station in India. You can save up to ₹4,500 annually through this waiver, which is a significant relief given rising fuel prices.

Fees and Eligibility Requirements

Understanding the cost of ownership is vital. The Kotak Delight Platinum Credit Card comes with a joining fee of ₹1,999. However, the annual fee is exceptionally low at just ₹299. This means that while the entry cost is high, the recurring cost to keep the card active is very manageable. To apply, you should be between 21-65 years old and have a stable income of at least ₹6 lakh per year, whether you are salaried or self-employed.

How to Apply?

The application process for the Kotak Delight Platinum Credit Card is digital and can be completed in a few minutes if you have your details ready.

1. Visit the official Kotak Mahindra Bank website and navigate to the Credit Cards section.
2. Locate the Delight Platinum Credit Card and click on the "Apply Now" button.
3. Ensure you meet the minimum income requirement of ₹50,000 per month and have a CRIF score of 720+.
4. Fill in your personal details including name, mobile number, and PAN card information.
5. Provide your employment details, ensuring your annual income is listed as ₹6 lakh or more.
6. Submit the application and note down the reference number for tracking.
7. Complete the digital KYC process if prompted, or wait for a bank representative to contact you for document collection.

Note: A minimum transaction of ₹100 is required within the first 30 days of receiving your card to activate it. Failure to do this will make you ineligible for the rewards and cashback benefits.

Credit Limit and What to Expect

Credit limits for the Kotak Delight Platinum Credit Card are assigned based on your income, credit score, and existing banking relationship. Applicants with a ₹6 LPA income and a strong 720+ CRIF score receive a starting limit proportionate to their monthly earnings, generally falling between ₹50,000 and ₹1,50,000. The bank reviews your limit periodically. If you use the card responsibly and pay your bills on time for 6-12 months, you become eligible for a limit increase. Your exact credit limit is finalized upon approval and provided in your digital welcome kit.

Comparison Table

While the Kotak Delight Platinum has a higher entry fee, its annual fee of ₹299 is the lowest in this group. It is the best choice for someone who wants to pay for the card once and enjoy high dining rewards without worrying about a high recurring annual cost. However, if you spend more on Swiggy or groceries, the HDFC or HSBC alternatives might offer more monthly value.

Documents Required for Kotak Delight Platinum Credit Card Application

You will need to submit the following documents when applying for this card:

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, or Passport
• Address Proof: Aadhaar Card, Passport, or Utility Bills
• Income Proof: Latest 3 months' salary slips and 6 months' bank statements showing salary credits
• Employment Proof: Office ID card

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory) and Aadhaar Card
• Address Proof: Aadhaar Card or Business Registration documents
• Income Proof: Latest 2 years' ITR with computation of income and CA-certified financials
• Business Proof: GST registration or Shop Act License

Note: All documents should be clear and valid. The bank might ask for additional paperwork during the verification stage.

Who Should Get This Card?

Should you get this card? Here is who benefits most from the Kotak Delight Platinum structure:

The Corporate Professional: You earn ₹60,000 a month and spend around ₹15,000 on regular retail like clothes, gadgets, and services. You also enjoy dining out twice a week. Because you already hit the ₹10,000 non-dining spend threshold, you will easily earn the full 10% cashback on your restaurant bills, saving you ₹600 every month.

The Cinema Enthusiast: You are someone who never misses a big Friday release. By using this card for your regular monthly expenses and then booking your movie tickets, you get 10% back. Plus, by spending ₹21,000 monthly, you hit the ₹1.25L milestone every six months, getting you 4 free PVR tickets twice a year.

The "One-Time Fee" Prefers: You dislike high recurring annual fees. You are happy to pay a ₹1,999 joining fee once, knowing that the ongoing cost to keep the card is just ₹299, making it a low maintenance lifestyle companion for the long term.

You might want to skip this card if:

• Your monthly non-dining/non-movie spends are less than ₹10,000. Without hitting this threshold, the 10% cashback rate does not activate.
• You prefer rewards for online shopping and groceries. This card is very niche and excludes many categories like rent, utility, and insurance from earning rewards.

BankKaro Expert Review

Based on the card's features, the Kotak Delight Platinum excels at providing high value for social spenders who have consistent monthly retail expenses. The 10% cashback rate is genuinely impressive for a platinum tier card, and the milestone benefit of PVR tickets is a great touch for movie lovers.

However, the biggest limitation is the "unlock" mechanism. Requiring a ₹10,000 spend in other categories to access the dining and movie cashback makes this a "secondary card" that requires careful planning. If you don't hit that ₹10,000 mark, the card loses its primary charm. Additionally, the list of exclusions is quite long. Spends on rent, utilities, insurance, and school fees won't help you reach that ₹10,000 goal, which might be a hurdle for some users.

Our verdict: Choose this card if you are a social butterfly who spends at least ₹10,000 on shopping/retail monthly. It is one of the few cards that offers a substantial 10% back on dining at such a low annual maintenance cost. If you are looking for a general purpose card for all spends, you might find the restrictions here a bit frustrating.

Terms and Conditions

• The bank may offer a different card variant based on your eligibility. Please carefully read the features of the card offered before submitting your application.
• A minimum transaction of ₹100 within 30 days is required to activate the card, otherwise, you won't be eligible for the rewards.
• Cashback is adjusted in your monthly statement and is credited in the next billing cycle.
• Dining cashback is applicable only at stand-alone outlets (dining at hotels might be excluded).
• The ₹10,000 spending threshold excludes fuel, EMI, cash withdrawals, wallet loads, rent, and utility payments.