Kotak Mahindra Bank
Kotak Mojo Platinum Credit Card
Annual Fee
₹1,180₹1,000 + GSTBase Reward
1% points
Foreign Markup
3.5%
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.
Category Rewards
Specialty
2.5 Mojo / ₹100 on online spends
0.625X
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.
Reward Calculator
Costs you ₹655/year
Break-even needs ~₹29,220/month at your reward mix.
₹13K
across all your buckets
2.1K
Kotak Mojo Points
₹525
via standard · ₹0.25/pt
Effective rate
0.34%
Annual fee
₹1,180
Year 1 net
₹-655
Year 2+ net
₹-655
ongoing
Adjust your spend by reward bucket
2 bucketsMilestone Rewards
Bonus rewards unlocked at spend thresholds. Use the slider to see what your spend pattern unlocks.
per year · You spend ≈ ₹6L
₹750 cashback
Surcharges & 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, education
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 2.5 Mojo Points for every ₹100 spent online and 1 Mojo Point for every ₹100 spent elsewhere. Earn extra points on KayMall.
- 1 Mojo Point = ₹0.20 against outstanding statement.
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.
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
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
Apply NowOfficial bank website · Secure
Fees & Charges
Eligibility
Min Age
21 yrs
Salaried
₹4.0L+
Networks
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.