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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.
Anyone who wants to buy any goods or services can do so by using a credit card. This credit payment is made through a credit card issued by different banks and financial institutions based on the borrowers' eligibility. The person must repay the same within a fixed period decided by the banks or financial institutions.
If you are a movie lover, the PVR platinum credit card offered by Kotak Bank is an ideal choice. PVR Cinemas have partnered with Kotak Bank, which will allow people to get tickets at a reduced price and free tickets when using this particular credit card for more than a specific limit. Several benefits have been awarded through this credit card.
Offers on PVR Platinum Credit Card
There are various PVR platinum credit card offers available to the customer. These are as follows-
The customer whose monthly billing takes place for an amount greater than or equal to Rs. 10000 will get two movie PVR free tickets on credit card.
A monthly billing cycle allows for a maximum of two free tickets.
Your Add-on Card will have all of the same benefits as your card.
You can set the spending limit on your Add-on Card to whatever you want.
You can easily track what you spend on each add-on card.
How to Claim the PVR Coupon Code?
You become eligible for free movie tickets when the credit card is used for more than a particular limit. An email and SMS are sent regarding the same on the email ID and registered mobile number of the person given in the bank. There are two ways to get the codes for free movie tickets.
One is by sending an SMS through your mobile number on 5676788. The SMS should be PVRKCC space the first three letters of the month's name, e.g. JAN for January. The other method is to obtain the code through net banking. This code can be claimed within two billing cycles and is sent on your mobile and email. The process to obtain the code through net banking has been given below-
If you are using Net Banking for the first time, you can generate a password through the forgot password option.
Read Also: Explore discounts & Promo Codes on Yatra with a Credit card
Which Method to Follow Book Complimentary PVR Movie Tickets?
The following is the process for booking free movie tickets:
The upper limit set for the ticket price per ticket for each coupon is Rs. 400. However, if the ticket price is more than Rs. 400, the excess amount must be paid by the person booking the ticket. Also, any booking or convenience fees charged by the bank shall be extra.
Fees for obtaining PVR Kotak Platinum Credit Card
The following are the fees for obtaining a Kotak Platinum Credit Card-
Fees for joining - Nil
Fees for one year - Rs999
Add-on fees for the card - Rs299 per add on
Cash withdrawal from ATM / Fund transfer / cash advance per Rs10000 - Rs300
Outstanding balance interest charges - 3.50 %
Waiver of Annual fees - Not Applicable
Over limit charge - Rs500
Foreign currency markup - 3.5%
Cheque bounce charge - Rs500
Fees for cash payment at the bank - Rs100
Processing fees for an outstation cheque - Waived
Balance inquiry charges - Waived
Reissue or replacement of card - Rs100
Duplicate statement request - Waived
Web pay service fee - Waived
Value Chart of PVR Kotak Platinum Credit Card
Criteria for receiving free PVR movie tickets - 2 free PVR movie tickets with a monthly spend of Rs.10,000.
Estimated annual spend with a monthly spend of 10000 - Rs120000
Annual fee - Rs 999
PVR movie ticket value - Rs 9600
Saving percentage - 8%
Total value after deducting annual fees - Rs 8601
Net savings percentage - 7%
Terms and Conditions for Obtaining the Offer
PVR only provides the benefit of free tickets on the Kotak Platinum Credit Card.
Only those who had applied to get the card before 30 September can claim this offer.
The PVR Coupon will only be available to 25 persons who make the highest buying.
This coupon can only be used once.
The Kotak PVR Platinum Credit Card will have to be used to get this offer.
It is necessary to pay the annual fees of the card.
The coupon code can be used either through the website or the app or directly in the cinemas.
You can only buy movie tickets through it, and cash cannot be claimed in place of the tickets.
When applying this offer, no other coupon or offer can be applied.
If there is any inconvenience or lack of services by PVR or its agents, Kotak Bank shall not be held responsible for the same.
The person obtaining the offer must read and agree to the card's terms of use.
Kotak Bank will have the right to change the offer, the redemption process, or the terms of use from time to time.
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Endnote
Different credit cards are ideal for people with different spending habits. Before applying for a credit card, do proper research, and make sure you apply for the best credit card depending on your spending habits.
The PVR Kotak platinum credit card is the ideal choice for movie lovers as it gives them two movie tickets for free per month if the total expenses incurred through the card are greater than INR 10000. The process to obtain the tickets and the card and redeem the same is very easy, which makes it an ideal choice.
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