PVR Kotak Platinum Credit Card – Benefits, Fees & Eligibility

PVR Kotak Platinum Credit Card

Introduction

The PVR Kotak Platinum Credit Card is designed for frequent movie-goers, offering a rewarding experience at PVR cinemas. This card comes with a zero joining fee for the first year and provides numerous opportunities to save on movie tickets, food, and beverages. Cardholders can enjoy complimentary PVR movie tickets each month based on their spending, along with instant discounts on cinema expenses. Additionally, it offers essential protection against unauthorized transactions in case of card loss or theft, making it a comprehensive companion for movie enthusiasts.

Fees

• Joining Fee: Nil (for the first year)
• Renewal Fee: Rs. 999 + GST
• 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 is applicable at all fuel stations. No fuel surcharge waiver is provided with this card.
• Cash Advance Charges: Rs. 300 per withdrawal of Rs. 10,000

Rewards

• Movies:
  • Get 2 free PVR movie tickets every month when you spend ₹ 10,000 and above in a monthly billing cycle. Each ticket is valued up to ₹ 400.
  • These free PVR INOX movie tickets are valid for any time, any day, and any show.
  • Enjoy a 5% instant discount on Movie Tickets at PVR INOX.
  • Exclusions for earning free movie tickets (Milestone benefits): Spends on Utility, Education, Wallet Load, Rent, and Online Based Skill Gaming will not be considered.
• Dining:
  • Get a 20% instant discount on Food and Beverages at PVR INOX.
• Insurance:
  • An insurance cover worth Rs. 75,000 is provided against a lost or stolen card.
  • Receive zero liability protection in case your card is lost or stolen, protecting you from unauthorized transactions.

Rewards Redemption Guide

• To claim your coupon code for free PVR movie tickets:
  • Send an SMS in the format "PVRKCC [first three letters of the month]" (e.g., "PVRKCC JUL" for July) to 5676788 from your Registered Mobile Number (RMN).
  • Alternatively, you can claim your coupons through the Net Banking option available on the bank’s website.
• The coupon code for free movie tickets is sent to your registered mobile number once you achieve the required monthly spend (₹ 10,000 or above).
• The coupon code is valid for two months from the date of issuance.

Card Review

The PVR Kotak Platinum Credit Card is an excellent choice for individuals who frequently visit PVR cinemas. Its primary value proposition lies in the opportunity to earn two free PVR movie tickets (up to ₹ 400 each) monthly by spending ₹ 10,000 or more in a billing cycle. This, coupled with instant discounts of 20% on food and beverages and 5% on movie tickets at PVR INOX, provides substantial savings for a movie-centric lifestyle. The card also offers crucial security features like insurance coverage up to Rs. 75,000 and zero liability protection for lost or stolen cards. With a nil joining fee for the first year and these valuable benefits, it's a suitable card for movie enthusiasts looking to maximize their entertainment savings. However, be aware of the 1% fuel surcharge and the exclusion of certain categories for milestone benefits.

Important Product Details

• Positive Highlights:
  • Zero joining fee for the first year.
  • Earn 2 complimentary PVR movie tickets (up to ₹ 400 each) monthly on eligible spends of ₹ 10,000 or more.
  • Tickets are valid for any time, any day, any show at PVR INOX.
  • 20% instant discount on Food and Beverages at PVR INOX.
  • 5% instant discount on Movie Tickets at PVR INOX.
  • Includes insurance coverage of Rs. 75,000 against lost or stolen cards.
  • Features zero liability protection for lost/stolen cards.
  • Add-on cards offer the same benefits as the primary card.
  • Ability to set and track spend limits separately for Add-on Cards.
  • Nil rewards redemption fee.
• Negative Highlights:
  • A 1% fuel surcharge is applicable at all fuel stations with no waiver.
  • Certain spend categories (Utility, Education, Wallet Load, Rent, Online Based Skill Gaming) do not count towards the monthly spend target for free movie tickets.
  • Renewal fee of Rs. 999 + GST applies after the first year.
  • Foreign currency markup of 3.5%.
  • High interest rate of 3.5% per month on outstanding balances.

Other Details

• Add-on Card Benefits:
  • Add-on cards share all the benefits enjoyed by the primary cardholder.
  • Primary cardholders can set custom spend limits for each Add-on Card.
  • Spends made on Add-on Cards can be tracked separately.