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visaplatinumcredit
Kotak Essentia Platinum Credit Card
Kotak Mahindra Bank
shopping
Annual Fee
₹749
Joining Fee
₹1,499 + GST
Base Reward
10% points
Foreign Markup
3.5% + GST
Interest Rate
3.75% per month
Product Highlights
- 10 Saving Points for every ₹100 spent on grocery and departmental stores
- 1 Saving Point for every ₹250 on all other spends
Rewards
Earn 10 Saving Points for every ₹100 spent at grocery and departmental stores, and 1 Saving Point for every ₹250 spent on all other purchases.
Redemption
1 Saving Point = ₹1 redeemable on Kotak Rewards Portal or for payments at partner merchants.
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
grocery | 10%(10 Saving Points for every ₹100 spent) | No cap |
other | 1%(1 Saving Point for every ₹250 spent) | No cap |
Merchant-Specific Rewards
| Merchant | Reward | Context |
|---|---|---|
| PVR | 6 movie tickets on ₹1,25,000 spend | all |
| Amazon | 1 Saving Point for every ₹250 spent | online |
| Flipkart | 1 Saving Point for every ₹250 spent | online |
| Big Bazaar | 1 Saving Point for every ₹250 spent | offline |
| Puma | 1 Saving Point for every ₹250 spent | offline |
| Archies | 1 Saving Point for every ₹250 spent | offline |
| Giny & Jony | 1 Saving Point for every ₹250 spent | offline |
Benefits & Features
Applicable, subject to a minimum surcharge of ₹10
Fees & Charges
Annual Fee₹749
Joining Fee₹1,499 + GST
Foreign Markup3.5% + GST
Interest Rate3.75% per month
Cash Advance2.5% or a Minimum of ₹500
Eligibility
Min Age
21 years
Max Age
65 years
Available Networks
visa
Pros & Cons
Pros
- High reward rate on grocery spends
- Flexible redemption options at partner merchants
Cons
- Annual fee applies
- Capped rewards on grocery spending
Additional Info
Saving Points are valid for 2 years
Minimum transaction of ₹1,500 for grocery rewards
Saving Points earned on purchases from grocery and departmental stores capped at 500 Points/month.
Excluded Categories
fuel
Partner Merchants
PVRAmazonFlipkartBig BazaarPumaArchiesGiny & Jony