Kotak Mojo Platinum Credit Card

The Kotak Mojo Platinum Credit Card is a rewards-oriented credit card from Kotak Mahindra Bank aimed at everyday spenders who want a simple reward system — ideal for shopping, online purchases, travel-linked perks and periodic lounge access. It uses “Mojo Points” as its reward currency

Kotak Mojo Platinum Credit Card

Joining Fees	₹ 1,000 + GST
Annual Fees	₹ 1,000 + GST
Card Type	Rewards
Network Type	Rupay

Rewards & Benifits

Mojo Points on Online Spends: Earn 2.5 Mojo Points per ₹100 spent on online purchases.
Mojo Points on Other Retail Spends: Earn 1 Mojo Point per ₹100 spent on regular offline spends.
KayMall Bonus Points: Earn 5 Mojo Points per ₹100 when shopping via Kotak KayMall.
Airport Lounge Access: Enjoy 8 complimentary domestic lounge visits per year (2 per quarter).
Fuel Surcharge Waiver: Get 1% fuel surcharge waiver on eligible transactions as per card policy.
Railway Surcharge Waiver: Railway surcharge waiver on IRCTC and counter bookings.

Fees & Charges

Joining Fee: ₹1,000 + GST (waived on meeting spend criteria in first 90 days).
Annual Fee: ₹1,000 + GST (reversed on achieving annual spend target).
Cash Advance Fee: 2.5% of the withdrawn amount (minimum ₹500).
Finance Charges: 3.5% per month on outstanding balances.
Other Charges: Late payment, over-limit, and penalty fees as per Kotak Bank policy.

Card Details

Mojo Points Validity: Mojo Points remain valid for 2 years from the date they are earned.
Redemption Options: Redeem Mojo Points for partner vouchers or against your statement balance.
Eligibility Criteria: Primary cardholder must be 21–65 years old with required income.
Add-on Cards: Add-on card facility available for family members with nominal charges.

Pros & Cons

Reward-Focused Card: Higher points on online & KayMall spends.
Complimentary Lounge Access: 8 domestic lounge visits per year.
Fee Waiver Benefit: Joining & annual fees can be waived with spend milestones.
Extra Savings: Fuel and railway surcharge waivers add monthly savings.

Low Redemption Value: Mojo Points offer modest monetary value on redemption.
Spend Requirement: High spend needed to get fee waivers.
No Points on Fuel: Fuel transactions don't earn reward points.
High Interest Rates: Carrying balance attracts high finance charges.

ELIGIBILITY CRITERIA

Primary card-holder age: between 21 to 65 years.
Net annual income requirement as per Kotak’s credit-card policy

WELCOME BENEFITS

Joining fee waiver: The ₹1,000 joining fee can be waived if you spend a certain amount (e.g. ₹30,000) within first 90 days of issuance.
Annual fee waiver: Annual fee waiver possible if yearly spend meets threshold (e.g. ₹1,00,000).

CARD REVIEW

The Kotak Mojo Platinum Credit Card is a solid all-rounder for everyday spenders who shop online, travel occasionally, or spend on retail — thanks to its reward points system, lounge access and fee-waiver possibilities. The Mojo rewards and surcharge waivers (fuel/railway) make it a convenient lifestyle card for middle-to-high spend users. However, redemption value of Mojo points is modest and fuel spends do not earn points. For optimal benefit, you need to use the card regularly and clear balances on time; otherwise, interest charges and fees can negate the benefits. For moderate spenders valuing simplicity and basic perks, it’s a decent pick — for heavy spenders, other premium cards might still offer better long-term value.

Platform

Platform Overview

Skara Financial Services

Personal Loan

Home Loan

Business Loan

Vehicle Loan

Kotak Mojo Platinum Credit Card