PVR Kotak Gold Credit Card – Benefits, Fees & Eligibility

PVR Kotak Gold Credit Card

Introduction

The PVR Kotak Gold Credit Card is a co-branded card designed for movie enthusiasts, offering a rewarding experience at PVR INOX cinemas. It stands out by providing free movie tickets based on monthly spending and instant discounts on food, beverages, and movie tickets. This card is an ideal movie companion, making cinema visits more economical and enjoyable by covering both tickets and popcorn.

Welcome Benefits

• No Joining Fee for the first year.

Fees

• Joining Fee: Nil for the first year.
• Renewal Fee: Rs. 499 + GST from the second year onwards.
• Spend-Based Waiver: The annual fee cannot be waived off based on spending.
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 3.5% on all foreign currency spends.
• Interest Rates: 3.5% per month.
• Fuel Surcharge: 1% fuel surcharge fee will be applicable on fuel transactions.
• Cash Advance Charges: Rs. 300.
• Add-on Card Fee: Rs. 299 per add-on card.

Rewards

• Movie Benefits
  • Get 1 PVR INOX movie ticket worth up to Rs. 400 every month when you spend ₹ 10,000 and above in a monthly billing cycle. This equates to approximately a 4% cashback.
  • Get 2 PVR INOX movie tickets worth up to Rs. 400 each every month when you spend ₹ 15,000 and above in a monthly billing cycle. This provides approximately a 5.3% cashback.
  • Free PVR movie tickets can be earned for shopping anywhere in India using your PVR Kotak Credit Card.
  • These free tickets are available for "ANY TIME, ANY DAY, ANY SHOW".
• Dining Benefits
  • Get a 20% instant discount on Food and Beverages at PVR INOX.
• PVR Box Office Benefits
  • Get a 5% instant discount on Movie Tickets at PVR INOX Box Office.
• Add-on Card Benefits
  • Your Add-on Card will carry all the benefits that you enjoy on your primary card.
  • You can set a desired spend limit for your Add-on Card.
  • Track spends separately for each of your Add-on Card(s).
• Insurance
  • A card insurance worth Rs. 50,000 is provided in case of a lost or stolen card, provided it is reported in a timely manner.
  • To claim, contact the customer helpline (1860 266 2666) to deactivate the card promptly.
  • The claim is registered with HDFC ERGO General Insurance Company by submitting required documents within 7 days of the event.
  • Both primary and supplementary cards are covered under this insurance.
• Exclusions for Milestone Benefits (Movie Tickets)
  • Spends on the following categories will not be considered for calculating milestone benefits (movie tickets):
    • Utility
    • Education
    • Wallet Load
    • Rent
    • Online Based Skill Gaming

Rewards Redemption Guide

The movie tickets earned through the PVR Kotak Gold Credit Card can be redeemed via SMS or through the Kotak website:

• Via SMS:
  • Send an SMS in the format: PVRKCC <space> <first three letters of the month name> (e.g., PVRKCC JUN) to 5676788 from your registered mobile number.
• Via Kotak Website (Net Banking):
  • Log in to kotak.com.
  • Click on the ‘Net Banking’ option.
  • Enter your username and password.
  • Select the ‘Credit Card’ tab.
  • Choose the ‘PVR Coupon Claim’ option and follow the instructions to claim your movie tickets.

Card Eligibility Criteria

• Age: Minimum 21 years.
• Income: Must have a stable source of income (salaried or self-employed).
• Credit History: Should possess a decent credit history.

Documents required

• Identity Proof: Aadhar Card, PAN Card, Passport, Voter’s ID, or Driving License.
• Address Proof: Latest utility bills, Aadhar Card, or Passport.
• Income Proof: Latest bank statements/salary slips, or latest Income Tax Returns (ITR).

Card Review

The PVR Kotak Gold Credit Card is an excellent choice for individuals who frequently visit PVR INOX cinemas. Its core value proposition revolves around movie-related benefits, offering substantial savings on tickets, food, and beverages. With no joining fee for the first year and a modest annual fee thereafter, it presents a good value proposition. Achieving 5.3% cashback in the form of movie tickets on monthly spends of Rs. 15,000 is a significant advantage for regular moviegoers. However, its benefits are less diverse, primarily focusing on movie-centric rewards with no specific travel, lounge, or general reward points structure. This card is best suited for those whose lifestyle heavily includes movie consumption, and who are looking for a card that directly subsidizes their entertainment expenses rather than offering a wide range of perks across different categories.

Important Product Details

• Get 1 free PVR INOX movie ticket worth up to Rs. 400 monthly on spending ₹ 10,000 or more.
• Get 2 free PVR INOX movie tickets worth up to Rs. 400 each monthly on spending ₹ 15,000 or more.
• Enjoy a 20% instant discount on Food and Beverages at PVR INOX.
• Receive a 5% instant discount on Movie Tickets purchased at the PVR INOX Box Office.
• No Joining Fee for the first year.
• The renewal fee is Rs. 499 + GST.
• Add-on cards share all primary card benefits, with customizable spend limits and separate spend tracking.
• Card insurance of Rs. 50,000 is provided for lost or stolen cards.
• Certain spending categories (Utility, Education, Wallet Load, Rent, Online Based Skill Gaming) are excluded from milestone benefit calculations.
• Does not offer fuel surcharge waivers.
• Does not offer travel benefits or lounge access.

Other Details

• How to Apply:
  • Offline: Visit your nearest Kotak Bank branch with all necessary documents and fill out a physical application form.
  • Online: Apply through the bank's website by clicking the 'Apply Now' button and completing the online form.