If you hold this card: You keep the card and everything on it — your Shopper’s or Traveller’s reward plan, the lounge quota, concierge and the 2% forex markup all continue. Kotak says the product information stays published “for existing cardholders only”. Only new sourcing has stopped.
Kotak’s own product page is now titled “Privy League Signature Credit Card (Discontinued)” and states: “We have discontinued Privy League Signature Credit Card for new sourcing and the information above is displayed for existing cardholders only.” The card also carries a “Discontinued for new applications” tag on Kotak’s credit-card lineup — one of six cards Kotak flags that way, alongside PVR Kotak Gold, PVR Kotak Platinum, Mojo Platinum, Royale Signature and Urbane Gold. Kotak named no replacement; Privy League clients shopping today are steered to the Zen Signature and White Reserve.
In-depth review
Kotak Privy League Signature Credit Card
Discontinued: Kotak has stopped sourcing this card and its product page is now headed '(Discontinued)' — so this is a guide for existing holders. For them it remains a serviceable relationship card: a choice of Shopper's or Traveller's reward plans and lounge access. The often-quoted ₹1,000-a-month milestone worth 6,400 points a quarter is a paid-variant benefit only — Kotak restricts it explicitly. Shopping Kotak premium today? Look at the Zen Signature or White Reserve.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
1% on International
5 points per ₹100 on international spends — Traveller's Plan only; a Shopper's Plan holder earned the 2-point base here
1% on Travel
5 points per ₹100 on airlines, hotels, duty free and travel agencies — Traveller's Plan only; a Shopper's Plan holder earned the 2-point base here
Airport Lounge Access
2 domestic airport lounge visits per quarter (8 a year), unlocked only by spending ₹75,000 in the previous calendar quarter, plus Priority Pass membership with 4 international visits a year on the paid variant
Annual Fee Waiver
Fee of ₹2,500 + 18% GST (₹2,950 all-in)/yr fully waived when you spend ₹5,00,000/year
24x7 Concierge
Lifestyle and travel concierge service
Milestone Bonus
~₹5,120 in bonus rewards on hitting annual spend milestones
✈️ TRAVEL BENEFITS
Lounge access, miles, forex rates and travel perks at a glance.
AIRPORT LOUNGE ACCESS
8 visits/yr
Domestic lounges
Priority Pass
International lounges
₹12,000
Estimated annual value
2%
Forex markup
1.0%
Travel reward rate
- Domestic + international airport lounge access (8 domestic visits/yr, worth ~₹12,000)
- Low forex markup: 2.0%
👑 PREMIUM LIFESTYLE BENEFITS
Concierge, golf, hotel membership and high-value perks for premium cardholders.
₹5,120
Milestone bonus value
- 24x7 lifestyle and travel concierge
- Paid variant only — 6,400 bonus points a quarter for spending ₹1,000 a month. Anniversary milestones pay one bonus and not both — paid variant 7,000 points at ₹3 lakh or 30,000 at ₹8 lakh, free variant 10,000 at ₹4 lakh or 30,000 at ₹8 lakh
Existing Privy League Signature holders, who keep the card and its plan-based rewards. It is no longer a card new applicants can get — Kotak Privy League customers shopping today are steered to Kotak's current premium range.
Full reward structure
What you earn on every rupee, per spend category — as of 24 Oct 2026. Rates assume 1 pt = ₹0.20. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| International | reward points | 1%5 pts/₹100 × ₹0.20 | — |
| Travel | reward points | 1%5 pts/₹100 × ₹0.20 | — |
| Other | reward points | 0.4%2 pts/₹100 × ₹0.20 | — |
International: 5 points per ₹100 on international spends — Traveller's Plan only; a Shopper's Plan holder earned the 2-point base here
Travel: 5 points per ₹100 on airlines, hotels, duty free and travel agencies — Traveller's Plan only; a Shopper's Plan holder earned the 2-point base here
Other: 2 points per ₹100 base. The holder picked ONE plan — Shopper's (apparel, grocery, consumer durables, multi-brand online, departmental stores) or Traveller's (airlines, hotels, duty free, international, travel agencies) — and earned 5 points per ₹100 on that plan's categories only
Earns nothing on: Rent
These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 24 Oct 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹2,950 |
| Joining fee (incl. 18% GST) | Free |
| Finance charge (APR) | 3.5% p.m. |
| Forex markup | 2% |
Perks & benefits
Estimated annual value beyond rewards — ~₹20,320/yr in total.
Lifestyle and travel concierge service
1% fuel surcharge waiver on transactions between ₹400 and ₹7,500, capped at ₹300 a month on the paid variant (₹4,500 a calendar year on the free one), plus a 1.8% to 2.5% railway surcharge waiver capped at ₹500 a calendar year
2 domestic airport lounge visits per quarter (8 a year), unlocked only by spending ₹75,000 in the previous calendar quarter, plus Priority Pass membership with 4 international visits a year on the paid variant
Paid variant only — 6,400 bonus points a quarter for spending ₹1,000 a month. Anniversary milestones pay one bonus and not both — paid variant 7,000 points at ₹3 lakh or 30,000 at ₹8 lakh, free variant 10,000 at ₹4 lakh or 30,000 at ₹8 lakh
Should you get it?
- Best for: Existing holders who already bank at Kotak Privy League tier
- Premium tier — a solid all-rounder for steady monthly spend.
- Strongest value if you spend heavily on International (1% back).
- Frequent travellers benefit from the included airport lounge access.
Pros & cons
✓ Pros
- Strong rewards that can offset the annual fee for the right spender
- Premium lifestyle perks (lounge, concierge, milestone benefits)
- Lower forex markup, friendlier for international spend
✕ Cons
- Discontinued for new applications — Kotak no longer sources this card
- Annual fee applies unless ₹5 lakh of spend or a Black/Platinum Banking relationship waives it
- Aimed at Kotak Platinum Banking relationship customers rather than open applicants
- Since 1 June 2025 lounge access needs ₹75,000 of spend in the previous quarter to unlock
- Rent earns nothing, and education, insurance, utility, government, gaming and wallet spends earn only up to per-cycle limits
- The quarterly 6,400-point milestone is a paid-variant benefit only
Eligibility & documents
Documents required
- 📄PAN card
- 📄Aadhaar / valid address proof
- 📄Latest 3 months bank statement
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Statement credit / cashback adjustment — ₹0.20 per point, minimum 2,000 points
- 🎁Quarterly auto-redemption — ₹80 credited per 400 points
- 🎁Online rewards catalogue (vouchers, merchandise)
- 🎁Flight & hotel bookings via the issuer rewards portal
What your Kotak Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Standard redemption
Brand & e-gift vouchers
Discontinued for new applications — Kotak no longer sources it, so it is only relevant to existing holders. Even for them, the plan-based earn is average against open-market premium cards.
Frequently asked questions
Can you still apply for the Kotak Privy League Signature?
Who qualifies for Privy League status?
How do the milestones work?
Which spends earn nothing or stop earning?
How was the annual fee waived?
Where was the card available?
What is 1 reward point worth?
How many lounge visits?
Is there a forex markup?
Can non-Privy League customers apply?
How has the Kotak Privy League Signature Credit Card changed over time?
Has the Kotak Privy League Signature Credit Card been devalued recently?
When did the Kotak Privy League Signature Credit Card's fees last change?
How did the Kotak Privy League Signature Credit Card change in 2025?
The bottom line
It was a competent relationship card: a plan-based accelerator, a lounge quota and fee maths that worked if you already banked at Privy League tier. It rewarded loyalty adequately without ever being a reason for it — and that is now moot, because Kotak has closed it to new sourcing. If you hold it, keep using it; nothing changes. If you are shopping Kotak premium today, look at the [Zen Signature](/cards/kotak-zen-signature) or the [White Reserve](/cards/kotak-white-reserve) instead.
How this page was built
Counted from this card’s own record: 3 earn rules, the spends listed as earning nothing and 4 recorded perks. The renewal fee is conditional — it is waived on a published spend target, so the fee you pay depends on what you spend.
Last updated 24 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the Kotak Privy League Signature Credit Card are taken from Kotak Mahindra Bank's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 24 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for Kotak Mahindra Bank. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
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Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2019 · last change Jun 2025
2025
- ▼ FeeEffective 1 Jun 2025
Finance charge raised and 1% transaction fees added
2.49% per month finance charge; no category transaction fees→3.5% per month; 1% fee on utility/fuel/wallet/gaming/education spends above thresholds
From 1 June 2025 the monthly finance/interest charge rose from 2.49% to 3.5%, and a 1% transaction fee now applies to utility spends over ₹75,000, fuel over ₹50,000, wallet loads & gaming over ₹10,000 per cycle, and education paid via third-party apps. An auto-debit failure fee of 2% (min ₹450, max ₹5,000) was also introduced.
Verification: Kotak Mahindra Bank ↗ · Confidence: High
- ▼ LoungeEffective 1 Jun 2025
Lounge access made spend-gated
2 complimentary domestic lounge visits per quarter (unconditional)→Requires ₹75,000 spend in a calendar quarter to unlock lounge access next quarter
Effective 1 June 2025, complimentary airport lounge access became conditional on spending ₹75,000 or more in a calendar quarter to qualify for lounge access in the following quarter, replacing the previously unconditional quarterly visits.
Verification: Kotak Mahindra Bank ↗ · Confidence: High
- ▼ RewardEffective 1 Jun 2025
Per-cycle caps added on reward-earning categories
Points earned on these categories without per-cycle caps; rent earned points→Points capped per statement cycle by category; rent earns nothing
From 1 June 2025 reward points are earned only up to per-statement-cycle limits — ₹1,00,000 on education & insurance, ₹75,000 on utility & government, ₹15,000 on online skill-based gaming and ₹10,000 on wallet loads — and rent payments stop earning points entirely. These categories (plus fuel and rent) are also excluded from milestone calculations.
Verification: Kotak Mahindra Bank ↗ · Confidence: High
- ▼ RedemptionEffective 1 Jun 2025
Reward point cash value cut ₹0.25 → ₹0.20
₹0.25 per point→₹0.20 per point (min 2,000 points to redeem)
Effective 1 June 2025, Kotak cut the cash redemption value from ₹0.25 to ₹0.20 per reward point — a 20% devaluation of every point earned on the card — with a minimum of 2,000 points required for cash redemption.
Verification: Kotak Mahindra Bank ↗ · Confidence: High
2024
- ▼ EligibilityEffective 2024
Card discontinued for new customers
Paid ₹2,500 variant still open to new applicants→Entire card discontinued for new sourcing — existing holders only
Kotak discontinued the whole Privy League Signature Credit Card for new sourcing, showing an "existing cardholders only" notice on the product page. The change appeared between February 2023 (only the free variant was gone then) and the June 2024 issuer snapshot, so it is dated 2024.
Verification: Kotak Mahindra Bank ↗ · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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