Exclusive for the Insignia customers, the Privy League Signature Credit Card (Insignia) is packed with a bunch of attractive features and lifestyle benefits. The number of discounts and offers that this card provides is across a vast range of categories, ranging from railway tickets to fuel surcharge. From great reward points redemption options to new age features like the Visa payWav, it is certainly one of the better options to consider if you are looking for a new credit card.
Priority Pass Membership for access to airport lounges: The complimentary membership offers you 4 complimentary visits and VIP access to over 1000 lounges in airports of over 100 countries. You would also enjoy a relaxed ambience, access to free internet, and complimentary refreshments.
Complimentary movie tickets: Spend Rs.1000 every month using your Kotak Mahindra Insignia Privy League Signature Credit Card and you would be given 4 complimentary PVR tickets for that particular quarter. For example, if you spend Rs.1000 in the months of July, August, and September, you will be given PVR tickets in October.
Offers on fuel: Enjoy fuel surcharge waiver of 1% (maximum of Rs.300 per billing cycle) across all petrol pumps in the country. To be eligible for this offer, the transaction should be between Rs.400 and Rs.4000.
Concierge services: Avail the services of a concierge that include a host of benefits such as flight ticketing assistance, referral assistance, fitness centre and spa information, ticket bookings for your favourite events and shows, and hotel reservations.
Total protection: You will receive coverage of up to Rs.2,50,000 per annum against unauthorized transactions. These transactions are covered up to 48 hours prior to you reporting the loss to the bank.
Redemption of reward points
Railway Surcharge Waiver: When you book any rail ticket through an Indian Railways booking counter or www.irctc.co.in, you will get a waiver of 1.8% to 2.5%. The maximum waiver every calendar year is Rs.500.
Conversion to easy EMIs: Convert every purchase of above Rs.3000 to EMIs by availing various EMI options listed on www.privyleague.com/signature.
Low interest rates: Enjoy an attractive monthly interest rate that is as low as 2.49%.
Easy balance transfer: With a processing fee of just Rs.349 plus service tax for every Rs.10,000, you can transfer all the outstanding amount on your other credit cards to your Privy League VISA Signature Credit Card. You will also enjoy an interest-free period of 3 months.
Priority assistance: Whenever you get any query regarding your Kotak Mahindra Insignia Privy League Signature Credit Card, just SMS 'KPRIVY' and the bank representatives would contact you within 30 minutes to assist you.
Visa payWave facility
Using this safe, secure, and fast way of payment, you can make transactions of up to Rs.2000 without entering your card PIN. Just wave the card on the reader and your payment is done, thus grossly reducing risks like loss of the card and credit card frauds. Just do the following
Apart from the usual reward points, you will also earn bonus reward points when you achieve the below criteria in an anniversary year
If you meet all the below-listed conditions, you are eligible for the Privy League Signature Credit Card
|Type of fee||Amount|
|Add-on card fee||NIL|
|Interest on outstanding balance||2.49% (Annualized 29.88%)|
|Late payment charges||If the outstanding amount is
|Cheque bounce charge||Rs.500|
|Over limit charge||Rs.500|
|Minimum amount due||5% or 10% of TAD (decided by the bank)|
|Cash advance charge||Rs.300 (per Rs.10,000 or part thereof)|
|ATM cash withdrawal charge||Rs.300 (per Rs.10,000 or part thereof)|
|Fund transfer charge||Rs.300 (per Rs.10,000 or part thereof)|
|Call a draft||Rs.300 (per Rs.10,000 or part thereof)|
|Foreign currency mark-up charge||2%|
|Fuel surcharge||Waived (only for transactions between Rs.400 and Rs.4000). Maximum waiver per billing cycle is Rs.300.|
|Railway booking surcharge||Waived (Maximum waiver of Rs.500 per year)|
|Charges for cash payment at bank||Rs.100|
|Charge slip request||Waived|
|Balance enquiry charges at other ATMs||Waived|
|Fee for web pay service||Waived|
|Charge for reissue or replacement of card (per issuance)||Rs.100|
|Machine surcharge at ATMs||Waived|
|Duplicate statement request||Waived|
|Fee for outstation cheque processing||Waived|
|Charges for procuring a copy of Credit Information Report (CIBIL)||Rs.50|
The bonus will be credited at the end of the anniversary period. However, if your Kotak Privy League Signature Credit Card (Insignia) was issued prior to 1 April 2018, the milestone program will be from 1st April to 31st March every year.
Yes, your annual fee for the first year will be waived if you spend a minimum of Rs.5 lakh in the previous year or maintain Insignia Banking Relationship.
To waive the annual fee for the second year too, spend a minimum of Rs.5 lakh in the previous year or maintain Insignia Banking Relationship.
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