Latest news with #PlatinumCreditCard
Mint
3 days ago
- Business
- Mint
Kotak Mahindra to discontinue Myntra credit card from July 10; users shifted to League card
The Kotak Mahindra Bank has announced that the Myntra Kotak Credit Card will be discontinued starting from July 10, 2025. All existing Myntra Kotak Credit Card users will then be automatically migrated to the Kotak League Platinum Credit Card. This move is credited to Kotak Bank's broader strategy to consolidate their credit card offerings and also streamlining of its rewards system. The upcoming replacement i.e., the league card is positioned as a premium lifestyle credit card with broader applicability and higher reward potential. The primary goal of the banking institution is to provide credit users a seamless experience of availing credit and making the most of the rewards and benefits associated with it. Whereas, on the other hand it is the responsibility of Kotak credit card holders to use these credit instruments responsibly by keeping spending in check and their credit utilisation ratio under less than 30% of their overall credit limit. According to Kotak Bank's updated terms that were initially put into effect since June 1, 2025, utility, fuel (above ₹ 4,000 per billing cycle), wallet reloads, education and online gaming spends will all no longer earn reward points. They may attract additional charges. This policy will apply to both existing along with new and upcoming Kotak credit cards, including the league variant. Feature Details Reward points 8 reward points per ₹ 150 spent on general purchases. Fuel surcharge waiver 1% waiver, up to ₹ 3,500 per year Railway surcharge waiver Up to ₹ 500 per year Milestone benefit Spend ₹ 1.25 lakh in 6 months to earn 4 PVR tickets or 10,000 reward points Joining benefit 5,000 bonus points (worth ₹ 500) on the fee-based variant Note: The features above are sourced from Kotak Mahindra Bank's official website and are illustrative in nature. They are also subject to change. Please verify updated details, features, terms and conditions directly with the bank. Carefully review the League cards reward structure, features and benefits. Check and update any auto payments linked to your current credit card account. Strategically plan spending in a way to take full advantage of milestones and features. Do ensure that you don't over extend your credit card usage and guard your credit utilisation ratio. To overcome doubts, discuss your problems with the customer support executive. Disclaimer: Users are advised to check Kotak Mahindra Bank's official website or contact customer care for the latest and most accurate information.
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Business Standard
17-06-2025
- Business
- Business Standard
SBI Card drops air accident cover on premium cards: Here's the list
Company is discontinuing complimentary service offered by key credit cards, has not announced any replacement benefit New Delhi SBI Card has discontinued complimentary air accident insurance offered by many of its credit card products, including premium and co-branded. This insurance offered coverage of up to Rs 1 crore and discontinuing it will affect both SBI-branded and partner bank credit cards. Which SBI credit cards are affected? The withdrawal of air accident insurance will happen in two stages: Effective July 15, 2025 The following SBI-branded cards will no longer offer the complimentary insurance benefit: SBI Card ELITE – Rs 1 crore cover to be discontinued SBI Card Miles ELITE – Rs 1 crore cover to be discontinued SBI Card Miles PRIME – Rs 1 crore cover to be discontinued SBI Card PRIME – Rs 50 lakh cover to be discontinued SBI Card Pulse – Rs 50 lakh cover to be discontinued Effective August 11, 2025 Several co-branded credit cards issued in partnership with public and private sector banks will also see this benefit removed: Rs 1 crore cover to be discontinued on: UCO Bank SBI Card ELITE Central Bank of India SBI Card ELITE Punjab & Sind Bank SBI Card ELITE Karur Vysya Bank SBI Card ELITE Karur Vysya Bank SBI Signature Credit Card Allahabad Bank SBI Card ELITE Rs 50 lakh cover to be discontinued on: UCO Bank SBI Card PRIME Central Bank of India SBI Card PRIME Punjab & Sind Bank SBI Card PRIME Karur Vysya Bank SBI Card PRIME Karur Vysya Bank SBI Platinum Credit Card South Indian Bank SBI Card PRIME South Indian Bank SBI Platinum Credit Card Karnataka Bank SBI Card PRIME Karnataka Bank SBI Platinum Credit Card City Union Bank SBI Card PRIME Allahabad Bank SBI Card PRIME Union Bank of India SBI Platinum Credit Card Oriental Bank of Commerce SBI VISA Platinum Credit Card Federal Bank SBI Platinum Credit Card Bank of Maharashtra SBI Platinum Credit Card What cardholders should know SBI Card has not introduced any replacement benefit for the discontinued insurance. Affected users may consider:
Mint
16-06-2025
- Business
- Mint
Love movies? THESE are the 5 popular credit cards for movie aficionados in India
If you are a movie aficionado and a credit card user at the same time, you may apply for a card (s) that offer discounts on purchase of movie tickets. These discounts are typically of small amounts, but over a long period of time, say a year -- this could accumulate to be a large amount. On the top of it, some of these credit cards also provide subscriptions to OTT platforms. Let us find out more on this. Here we list out some credit cards which offer discounts on movie tickets and subscription to OTT platforms. I. SBI Card ELITE: This card provides free movie tickets worth ₹ 6,000 every year. Transaction is valid for at least two tickets per booking per month. Maximum discount is ₹ 250 per ticket for two tickets only. II. Axis Bank My Zone Credit Card: This credit card enables cardholders to claim 100 percent discount on your second movie ticket booked via District app. The card also offers a SonyLIV premium annual subscription (valued at ₹ 1,499) for free with your first purchase within the first 30 days of issuance. III. PVR INOX Kotak Credit Card: This card enables cardholders to claim one PVR INOX movie ticket on every ₹ 10,000 in a monthly billing session. The card also provides 5 percent discount on movie tickets every time and 20 percent discount on food and beverages each time. IV. HDFC Bank Times Platinum Credit Card: This card offers 50 per cent off on movie tickets via BookMyShow. A cardholder can buy a maximum of four discounted tickets per card per month. A maximum discount of ₹ 600 can be availed per transaction by the cardholder V. IndusInd Bank EazyDiner Signature Credit Card: This card offers two complimentary movie tickets worth ₹ 200 each monthly when booked via Book My Show. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit. For all personal finance updates, visit here
