Kotak Mojo Platinum Credit Card
Kotak Mahindra Bank
Annual Fee
₹1,000
Joining Fee
₹1,000 + GST
Base Reward
1% points
Foreign Markup
3.5%
Fee Waiver
The joining fee is waived off on spending ₹30,000 or more within the first 90 days and the renewal fee is waived off on spending ₹1 lakh or more in the previous year.
Interest Rate
3.75% per month
Welcome Benefits
N/A
Product Highlights
- Earn 1 Mojo Point on every ₹100 spent.
- Earn 2.5x Mojo Points on online spends.
- Get complimentary domestic lounge access every year.
- Gift vouchers worth ₹1,000 on achieving the milestone spend.
- Spend-based joining and renewal fee waiver.
Rewards
Earn 2.5 Mojo Points for every ₹100 spent online and 1 Mojo Point for every ₹100 spent elsewhere. Earn extra points on KayMall.
Redemption
1 Mojo Point = ₹0.20 against outstanding statement.
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
shopping | 2.5%(2.5 Mojo Points/₹100 Spent Online) | No cap |
other | 1%(1 Mojo Point/₹100 Elsewhere) | No cap |
Benefits & Features
Domestic: 2 complimentary visits per quarter. (Spends of ₹75,000 in the previous quarter required.) International: N/A Full lounge access description not provided.
Fees & Charges
Eligibility
Min Age
21 years
Max Age
65 years
Min Income (Salaried)
₹4,00,000
Available Networks
Pros & Cons
Pros
- Unlimited 2.5 Mojo points for every ₹100 on online spends.
- Unlimited 1 Mojo point for every ₹100 on all other spends.
- 1% fuel surcharge waiver across all fuel stations.
Cons
- Joining fee of ₹1,000.
- Mojo Points expire after 1 year.
- Maximum benefit through railway surcharge waiver capped at ₹500 per year.
Additional Info
Mojo points can be earned only on education and insurance spends up to ₹70,000 per statement cycle, utility expenses up to ₹50,000, and government expenses up to ₹40,000 per statement cycle.
Excluded Categories