Kotak SBI Privilege Credit Card

Community Verdict

[!IMPORTANT] Discontinued Card — Read Before Applying: The Kotak SBI Privilege Credit Card is no longer available for new applications. The card was a co-branded lifetime-free entry-level Visa issued under a partnership between Kotak Mahindra Bank and SBI that has since been terminated. Existing cardholders continue to be serviced on legacy terms, but the product is not in Kotak’s live credit-card catalog as of July 2026. This page is retained for reference and for existing cardholders tracking their benefits.

If you were considering this card, the closest current alternatives from Kotak are:

• Kotak 811 Dream Different Credit Card — Lifetime-free (₹250 + GST first-year fee only on FD-backed variant), for new-to-credit customers building score
• Kotak 811 Credit Card (formerly Rozana) — ₹500/₹500 fee, 2 RP per ₹100 online, 3 free PVR tickets on ₹75K spend
• Kotak League Platinum Credit Card — ₹499 fee, up to 8 RP per ₹150, PVR milestones

Pros (per legacy terms)

• Lifetime-Free by Design: ₹0 joining fee, ₹0 annual fee, ₹0 renewal fee — no spend threshold required
• 1 Reward Point per ₹100 Retail: Modest but uncapped reward rate on retail spends
• ₹50,000 Fraud Liability Cover: Zero-liability policy for unauthorized transactions
• 1% Fuel Surcharge Waiver: Standard Kotak waiver on fuel transactions between ₹500–₹3,000 (max ₹3,500/year)
• Add-on Cards Free: Issue add-on cards to family members at no extra cost
• Visa Acceptance: Standard Visa rails, accepted across India and internationally

Cons

• DISCONTINUED: Not available for new applications — partnership with SBI terminated
• No Airport Lounge Access: Zero domestic or international lounge visits
• No Welcome Bonus: Unlike modern entry-level cards (e.g., HDFC Millennia, ICICI Amazon Pay), no joining benefit
• Statement Credit at ₹0.25/RP per Legacy Terms: Below average for a basic card; live Kotak cards now offer ₹0.10/RP cashback after 1 June 2025 revision
• ₹99 Redemption Fee Per Request: Discourages small, frequent redemptions
• 3.5% Forex Markup: Standard Kotak rate, no differentiator for international use
• No Milestone Benefits: No PVR tickets, no bonus thresholds, no annual spend bonus — pure basic earn card
• Heavy Exclusions: Fuel, Wallet, Rent, Education, Government, Insurance and Skill-based Gaming likely excluded per standard Kotak 811/Rozana terms

Reward Spends & Categories (per legacy terms)

[!NOTE] Reward earning rates and exclusions on the original SBI Privilege card are based on legacy terms published before discontinuation. Live Kotak cards have undergone several revisions effective 1 June 2025, including a cashback redemption cut from ₹0.25 to ₹0.10/RP. Existing SBI Privilege cardholders should confirm current terms with Kotak customer service.

Reward Point Redemption Value (per legacy terms)

[!CAUTION] Live Kotak cards have revised cashback redemption to ₹0.10/RP effective 1 June 2025. Existing SBI Privilege cardholders may still be on legacy ₹0.25/RP rates — confirm with Kotak customer service (1860 266 2666).

Airport Lounge & Travel Perks

The Kotak SBI Privilege Credit Card had no lounge access of any kind. It was a basic entry-level Visa with no travel perks.

Milestones

The original SBI Privilege card had no annual spend milestones beyond the standard annual fee waiver (which was N/A since the card was lifetime-free). No PVR ticket benefits, no bonus thresholds, no accelerated milestones.

Annual Fees & Charges

• Joining Fee: ₹0 (lifetime-free)
• Annual Fee: ₹0 (lifetime-free)
• Renewal Fee: ₹0 (lifetime-free)
• Forex Markup: 3.5% per foreign currency transaction
• Cash Withdrawal Fee: ₹500 per cash advance
• Card Replacement Fee: ₹100
• Reward Redemption Fee: ₹99 + GST per redemption request
• Fuel Surcharge: 1% (waived on ₹500–₹3,000 transactions, max ₹3,500/anniversary year)

Recommended Alternatives

If you’re looking for a similar lifetime-free or low-fee entry-level Visa today, consider:

1. Kotak 811 Dream Different Credit Card — Lifetime-free with FD backing; ideal for new-to-credit customers
2. Kotak 811 Credit Card (formerly Rozana) — ₹500 fee (waived on ₹50K spend), 2 RP per ₹100 online, 3 free PVR tickets
3. HDFC Millennia Credit Card — ₹1,000 fee, 5% cashback on Amazon/Flipkart/Myntra, 1,000 RP welcome benefit
4. ICICI Amazon Pay Credit Card — Lifetime-free, 5% back for Prime members on Amazon

Data Verification

• Verification Tier: DISCONTINUED
• Editorial Feeds: Legacy product — Kotak-SBI partnership terminated
• Last Status Update: July 4, 2026
• Status: Not accepting new applications

For official terms on Kotak’s current entry-level Visa options, refer to the Kotak Credit Cards page.

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