About Kotak Mojo Platinum Credit Card
Kotak Mojo Platinum Credit Card is a rewards card that gives you Mojo Points on every purchase, helping you earn more based on how much you spend. It offers extra rewards on online purchases and free domestic airport lounge access, making it ideal for frequent online shoppers and domestic travelers.
The card also provides fuel and railway surcharge waivers, adding to your savings. First-year milestone benefits give bonus rewards, but they are limited to the first year. Mojo Points can be redeemed at up to Rs. 0.40 per point, giving around 1% value-back on online spends. While useful, the rewards may be lower compared to other cards like Amazon Pay ICICI or IDFC FIRST Millennia.
Kotak Mojo Platinum Credit Card Rewards Program
Reward Earning:
- 2.5 Mojo points for every Rs. 100 spent on online purchases
- 1 Mojo point for every Rs. 100 spent on other categories
Redemption Value:
- 1 Mojo point = Rs. 0.40 when redeemed against your card’s outstanding balance
- 1 Mojo point = Rs. 0.20 for other redemption options
Redemption Options:
- Kotak Rewards catalogue
- Pay with reward points
- Adjust against outstanding statement by calling customer care
Other Features and Benefits
- Milestone Rewards: Earn 2,500 Mojo points per quarter on spending Rs. 75,000 in that quarter (first year only).
- Airport Lounge Access: 2 complimentary visits per quarter at DreamFolks lounges in India.
- Fee Waivers:
- Joining Fee: Waived on spending Rs. 30,000 within the first 90 days.
- Annual Fee: Waived on spending Rs. 1 lakh in a year.
- Surcharge Waivers:
- Fuel: 1% waiver, up to Rs. 3,500 per year on fuel spends of Rs. 500–3,000.
- Railway: 1.8% waiver on IRCTC spends, 2.5% waiver at Indian Railways booking counters.
Fees and Charges
| Particulars | Amount |
|---|
| Joining/Annual Fee | Rs. 1,000 + applicable taxes |
| Finance Charges | 3.75% p.m. (45% p.a.) |
| Late Payments Fees | | On outstanding balance of – | Amount | | Rs. 500 to Rs. 5,000 | Rs. 500 | | > Rs. 5,000 to Rs. 10,000 | Rs. 600 | | > Rs. 10,000 to Rs. 25,000 | Rs. 800 | | > Rs. 25,000 to Rs. 50,000 | Rs. 1,000 | | > Rs. 50,000 | Rs. 1,200 |
|
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Document Required For Kotak Mojo Platinum Credit Card
- Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
- Proof of Address: Aadhaar Card, Driver’s License, Passport
- Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Eligibility Criteria
- Age: 21 to 70 years
- Occupation: Salaried or Self-employed
- Credit Score: Should have a good credit history
Kotak Mojo Platinum Credit Card Highlights
What do we like about this card?
- Earn 2,500 Mojo points per quarter on spending Rs. 75,000 (first year only)
- 2 complimentary visits per quarter to DreamFolks lounges in India
- Joining fee waived on spending Rs. 30,000 within 90 days
- Annual fee waived on spending Rs. 1 lakh in a year
- 1% fuel surcharge waiver, up to Rs. 3,500 per year
- Railway surcharge waiver: 1.8% on IRCTC spends, 2.5% at Indian Railways counters
- Uncapped Mojo points on every spend: 2.5 points for online, 1 point for other spends
Things to Know Before you apply
Get this card if:
- You want a basic rewards credit card with domestic lounge benefits
- You rarely travel internationally or already have another card for international transactions
- You don’t need lifestyle benefits like movies, dining, or entertainment
Pros
- Earn accelerated rewards on online spends
- Complimentary domestic airport lounge access
- Easy to get joining and annual fee waivers with low spend limits
- Fuel and railway surcharge waivers
Cons
- Low reward redemption value
- Milestone bonus only valid in the first year
- No major lifestyle benefits beyond basic rewards
Kotak Mahindra Bank Credit Card Contact Details
- Contact Address: Kotak Mahindra Bank Ltd. 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400051, India
Helpline: 1860 266 2666 (available from all major cities in India)
Simply SMS: Send KCC last 4 digits of your credit card to 5676788 to get card-related info.
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Frequently Asked Questions
You must book your tickets on the IRCTC website or at Indian Railways booking counters to avail the railway surcharge waiver (1.8% online, 2.5% at counters).
Joining fee waiver: On spending Rs. 30,000 within the first 90 days.
Annual fee waiver: On spending Rs. 1 lakh in a year.
Mojo points have a higher redemption value of Rs. 0.40 for statement credit and Rs. 0.20 for other redemption options.
You can get 2 visits per quarter (8 visits per year).
Yes, you can redeem them for cashback, airline tickets, movie tickets, mobile recharge, or branded merchandise through Kotak Rewards.
No, fuel spends do not earn rewards. However, you get a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000, with a maximum waiver of Rs. 3,500 per year.
