Kotak Mahindra Bank
Kotak Essentia Platinum Credit Card
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Annual Fee
₹749
Base Reward
10% points
Foreign Markup
3.5% + GST
4.1/5
Product Highlights
- 10 Saving Points for every ₹100 spent on grocery and departmental stores
- 1 Saving Point for every ₹250 on all other spends
Category Rewards
grocery
10 Saving Points for every ₹100 spent
10 Saving Points for every ₹100 spent
other
1 Saving Point for every ₹250 spent
1 Saving Point for every ₹250 spent
Merchant-Specific Rewards
1 pt ≈ ₹0.25–₹0.50
PVR
all
6 movie tickets on ₹1,25,000 spend
Amazon
online
1 Saving Point for every ₹250 spent
Flipkart
online
1 Saving Point for every ₹250 spent
Big Bazaar
offline
1 Saving Point for every ₹250 spent
Puma
offline
1 Saving Point for every ₹250 spent
Archies
offline
1 Saving Point for every ₹250 spent
Giny & Jony
offline
1 Saving Point for every ₹250 spent
Rewards Details
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.
Reward Points — Redemption Value
- 1 Saving Point = ₹1 redeemable on Kotak Rewards Portal or for payments at partner merchants.
Benefits & Features
Applicable, subject to a minimum surcharge of ₹10
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
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 yrs
Networks
visa