Kotak Mahindra Bank
Kotak Essentia Platinum Credit Card
Annual Fee
₹1,180₹1,000 + GSTBase Reward
10% points
Foreign Markup
3.5% + GST
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% savings on grocery/departmental store
10X
Specialty
10% savings on grocery/departmental store
10X
Merchant-Specific Rewards
1 pt ≈ ₹0.25–₹0.50
PVR
6 movie tickets on ₹1,25,000 spend
Amazon
1 Saving Point for every ₹250 spent
Flipkart
1 Saving Point for every ₹250 spent
Big Bazaar
1 Saving Point for every ₹250 spent
Puma
1 Saving Point for every ₹250 spent
Archies
1 Saving Point for every ₹250 spent
Giny & Jony
1 Saving Point for every ₹250 spent
Reward Calculator
Costs you ₹580/year
Break-even needs ~₹25,567/month at your reward mix.
₹13K
across all your buckets
2.4K
Kotak Saving Points
₹600
via standard · ₹0.25/pt
Effective rate
0.38%
Annual fee
₹1,180
Year 1 net
₹-580
Year 2+ net
₹-580
ongoing
Adjust your spend by reward bucket
2 bucketsSurcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
3.5%Charged on every international (non-INR) transaction
Excluded from rewards
fuel, cash advance, rent, wallet, emi, government
Fuel surcharge waiver (good news)
1%on ₹500–₹3,000 fuel txns · capped at ₹3,500/cycle
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
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.
- 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
Partner Merchants
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
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Fees & Charges
Eligibility
Min Age
21 yrs
Networks