Is Kotak League CC is LTF or not in the attched screenshot ?

[prc1990]

I was trying to apply for a Kotak credit card digitally and after entering income details, system was showing LEAGUE card with 0 Joining and 0 Annual fees. Can anyone please confirm if this particular card variant is offered as Life Time Free (LTF) based on customer profile?

Have attached the screenshot for reference.

P.S. I don't have any existing relationship with Kotak bank

@TechnoFino

 

[ZappyRed]

Yes it will be LTF. I know that for sure

 

[prc1990]

Yes it will be LTF. I know that for sure

Thanks for confirming!

How strict Kotak is in terms of card approval? Can you please share your experiences?

 

[AllSeeker]

Kotak takes du-diligence very seriously, but as long as you have all the documents to back your claims, it will be fine. Also, no recent inquiries will help the case.
I've a Kotak card but it's also the lowest limit card I've. But if you have more than year of history with them for CC, it's possible that they will go ahead without much hassle in some cases.

 

[prc1990]

Kotak takes du-diligence very seriously, but as long as you have all the documents to back your claims, it will be fine. Also, no recent inquiries will help the case.
I've a Kotak card but it's also the lowest limit card I've. But if you have more than year of history with them for CC, it's possible that they will go ahead without much hassle in some cases.

Does that mean if there is some recent enquiries from the other banks, it can be rejected?

What's your card limit BTW and which card is it?

Also I didn't get your last point. If am a non Kotak customer, how can I have more than a year relationship with them?

 

[AllSeeker]

Does that mean if there is some recent enquiries from the other banks, it can be rejected?

What's your card limit BTW and which card is it?

Also I didn't get your last point. If am a non Kotak customer, how can I have more than a year relationship with them?

1. Yes, if there are more than acceptable inquiries, then its possible that it can be rejected. Generally more than 2-3 is no go.

2. Basic one, it was my first real CC. 31k

3. It was a general point.

What about Kotak LE?

Don't know what is LE.

Limit enhancement (I thought it was an usual jargon of this group ... My bad 😅)

After 1 year. They are not that different from SBI. If you want to force the issue you can do it by submitting proof of increased income documents / ITR.

Okay ... Most CCs seem to give limit enhancements after around an year

Yes. But then again, all these rules are generalised thumb rules, banks make some exceptions at their own discretion.

 

[prc1990]

I was trying to apply for a Kotak credit card digitally and after entering income details, system was showing LEAGUE card with 0 Joining and 0 Annual fees. Can anyone please confirm if this particular card variant is offered as Life Time Free (LTF) based on customer profile?

Have attached the screenshot for reference.

P.S. I don't have any existing relationship with Kotak bank

@TechnoFino

Response from the email support team:
-----------------------------------------------------------------
With reference to your email, we want to inform you that, Kotak Platinum League Credit Card comes with an annual fee of INR. 499.00 along with corresponding GST and the same is waived if the below waiver conditions are fulfilled:

Condition for waiver of annual fees in first year-One swipe within 3 months and minimum retail spends of INR. 50,000 in the first year.

Condition for waiver of annual fees in second year and onwards-Minimum retail spends of INR. 50,000 in second year and onwards.
Annual fee will be waived off if the above mentioned waiver condition is fulfilled.
------------------------------------------------------------------
Seems like they have lots of disconnect within their team itself. Many people told me that on call support team confirmed this card variant as LTF however, this is not aligned with what email support team shared.

Kon hai ye log kaha se aate hai ye log 🥲🥲🥲🥲​

 

[prc1990]

Response from the email support team:
-----------------------------------------------------------------
With reference to your email, we want to inform you that, Kotak Platinum League Credit Card comes with an annual fee of INR. 499.00 along with corresponding GST and the same is waived if the below waiver conditions are fulfilled:

Condition for waiver of annual fees in first year-One swipe within 3 months and minimum retail spends of INR. 50,000 in the first year.

Condition for waiver of annual fees in second year and onwards-Minimum retail spends of INR. 50,000 in second year and onwards.
Annual fee will be waived off if the above mentioned waiver condition is fulfilled.
------------------------------------------------------------------
Seems like they have lots of disconnect within their team itself. Many people told me that on call support team confirmed this card variant as LTF however, this is not aligned with what email support team shared.

Kon hai ye log kaha se aate hai ye log 🥲🥲🥲🥲​

@TechnoFino @ReddyR can you please confirm this?

 

[ZappyRed]

@TechnoFino @ReddyR can you please confirm this?

Actually they had an offer time when they have issued this card LTF. May be now they are charging the fee. Wait for the offer.

PS: Remember one simple funda : Usually most of the banks shed out their offers during the last quarter of any FY i.e. Jan, Feb and March so as to elevate their books/accounts and make sure that the banks shareholders/debtors are happy in seeing the growth even at some cost.
Best example: BOB ran LTF offer until Mar 31st 2022. Although this may vary since banks are very inconsistent with their so-called "internal policies," which are nothing but at the pure and full discretion of the bank.

 

[prc1990]

Actually they had an offer time when they have issued this card LTF. May be now they are charging the fee. Wait for the offer.

PS: Remember one simple funda : Usually most of the banks shed out their offers during the last quarter of any FY i.e. Jan, Feb and March so as to elevate their books/accounts and make sure that the banks shareholders/debtors are happy in seeing the growth even at some cost.
Best example: BOB ran LTF offer until Mar 31st 2022. Although this may vary since banks are very inconsistent with their so-called "internal policies," which are nothing but at the pure and full discretion of the bank.

Got it, can you please check with customer care and let us know as you are already an existing customer. Being a non Kotak customer, not able to speak to an executive directly.

Thanks for your help in advance!

 

[AllSeeker]

I had checked kotak offers offline on 30th march for same reason, nothing was available for LTF, so didn't bother to change my existing 811 cc to anything else. Existing is LTF but kind of basic card not usable anymore.

 

[ZappyRed]

Got it, can you please check with customer care and let us know as you are already an existing customer. Being a non Kotak customer, not able to speak to an executive directly.

Thanks for your help in advance!

I called up to them and asked if my card is LTF, they said YES. They said it will be chargeable if we applied now, as the offer ended. I didn't call customer care, but a person, who called me earlier and explained about the offer. He works in Karol Bagh Credit cards issuing branch here in Delhi. He called me in Jan 2022 and explained me about the offer. Immediately, I said YES, he took basic details and the card got delivered, around a week after phone verification.

 

[prc1990]

I called up to them and asked if my card is LTF, they said YES. They said it will be chargeable if we applied now, as the offer ended. I didn't call customer care, but a person, who called me earlier and explained about the offer. He works in Karol Bagh Credit cards issuing branch here in Delhi. He called me in Jan 2022 and explained me about the offer. Immediately, I said YES, he took basic details and the card got delivered, around a week after phone verification.

Thanks for explaining!

 

[TechnoFinoTechnoFino is verified member.]

@TechnoFino @ReddyR can you please confirm this?

request them .... they can still offer you LTF

 

[leo77g]

I was trying to apply for a Kotak credit card digitally and after entering income details, system was showing LEAGUE card with 0 Joining and 0 Annual fees. Can anyone please confirm if this particular card variant is offered as Life Time Free (LTF) based on customer profile?

Have attached the screenshot for reference.

P.S. I don't have any existing relationship with Kotak bank

@TechnoFino

Brooo i got it approved just today applied on monday also ltf and was pre-approved by my kotak 811 acc woohooo also it has fee if u apply without offer but in app if u see the fee zero on the cc section it is for ur acc if ur pre approved

 

[prc1990]

Brooo i got it approved just today applied on monday also ltf and was pre-approved by my kotak 811 acc woohooo also it has fee if u apply without offer but in app if u see the fee zero on the cc section it is for ur acc if ur pre approved

Don't have account with them but while applying digitally, it is showing LTF however, email support team confirmed it is a chargeable card. So all these confusing are coming in to play 🥺🥺🥲🥲.

 

[alanabraham]

Brooo i got it approved just today applied on monday also ltf and was pre-approved by my kotak 811 acc woohooo also it has fee if u apply without offer but in app if u see the fee zero on the cc section it is for ur acc if ur pre approved

Hi,
They did verification for home and office, or it was VKYC?
What income document you submitted?
You got it as a pre-approved offer?
You already have relationship with Kotak?

 

[leo77g]

Hi,
They did verification for home and office, or it was VKYC?
What income document you submitted?
You got it as a pre-approved offer?
You already have relationship with Kotak?

No verification because i already had kotak 811 since more than a year i received a message saying i got pre approved for kotak league n they only confirmed my address and asked the occupation in app when i applied i selected 15k or less income n student only that and asked my address is correct then it was applied

 

[alanabraham]

No verification because i already had kotak 811 since more than a year i received a message saying i got pre approved for kotak league n they only confirmed my address and asked the occupation in app when i applied i selected 15k or less income n student only that and asked my address is correct then it was applied

So how much limit you recieved?

 

[AllSeeker]

Funny enough, my wife also got offer for that card today and she has never even operated her kotak 811 account. I was very surprised, and yes they said it is LTF, I submitted the application (Which was just 2 times "accept" box and one time delivery address box.) shocking really!