We have many credit cards that offer cash back, travel tickets, and gift vouchers as rewards. How about movie tickets as rewards for all spending? PVR Kotak credit cards might interest you if you are a fan of going to theatres. PVR Kotak credit cards come in two variants – Gold and Platinum. Here is a review of the lower variant PVR Kotak Gold credit card with its rewards & benefits.
Fees and Charges
|Annual Fee||Rs 499|
|Annual Fee Waiver||None|
It is surprising to see no annual fee waiver option for a basic entry-level credit card. Kotak Bank should have added some options for this card.
- 1st free PVR movie ticket on Rs 10000 spends in a monthly billing cycle
- 2nd free PVR movie ticket on Rs 15000 spends in a monthly billing cycle
We can get a maximum of two free PVR tickets in a billing cycle. There are many ways to value these vouchers. We have many cards that give us a ‘Buy One Get One’ up to a certain amount. So, we cannot use those offers when using these coupon codes.
If we value the two PVR tickets at Rs 400 (considering BOGO offers), then we get a return of 2.6%. Pretty much comparable to cashback cards like Ace. But, here we get a movie experience instead of the cashback posted to the card account.
Reward Rate on the PVR Kotak Gold Credit Card
- Value of Free Movie Tickets: 12 X Rs 400 = Rs 4800
- Total Spend: Rs 1.8 Lakhs
- Return with Annual Fee: Rs 4800 – Rs 589 = Rs 4211
- Total Return: 2.3%
Redemption of free PVR movie tickets
The free PVR tickets are vouchers that we can redeem during booking on the PVR website. There is an upper cap of Rs 400 for the ticket price and there are some exclusions on booking classes.
The free tickets on the PVR Kotak Gold card are not valid for Director’s cut, PVR Imax, Gold Class, and Europa cinemas.
- 15% cashback on Food and Beverages at PVR
- 5% cashback on movie ticket purchases at PVR box offices
The PVR Kotak Gold credit card might appeal to a very select set of users. Most of us prefer direct cashback over other benefits.
We have many cashback credit cards like Amazon Pay ICICI, Ace, Flipkart Axis, etc. that can give a reward rate between 1% to 5% for similar spending. It is advisable to go for these cards instead of the PVR Kotak Gold credit card.
For a basic card like this, Kotak should have offered it LTF. We would have to pay the annual fee even if we spend Rs 15000 every month on this card.