Kotak Mojo Platinum Credit Card vs Kotak Royale Signature Credit Card

Both these credit cards by Kotak Mahindra Bank, namely the Kotak Mojo Platinum Credit Card and Kotak Royale Signature Credit Card are quite rewarding and popular credit cards. These cards provide the cardholders with reward points while they make regular spends using their credit cards and provide them with accelerated reward points while they spend on some specific categories using these credit cards. The Kotak Mojo Platinum Credit Card comes with a joining and renewal fee of Rs. 1,000 and provides the customers with reward points in the form of Mojo Points while they spend using this card and higher reward points while they spend on online transactions and KayMall spends. Apart from this, The customers also get some value-added benefits including complimentary lounge access. Not only this, but the cardholder will also get gift vouchers when he is able to spend a particular amount using his credit card in an anniversary year.

On the other hand, the Kotak Royale Signature Credit Card is a decent credit card that provides cardholders with rewards points on all their spends made using this credit card and greater reward points while they spend on some specific categories such as restaurants and hotels, international spends, etc. This card also provides cardholders with complimentary access to the airport lounges. The Kotak Royale Signature Credit Card does not charge any joining fee from its customers but charges a renewal fee of Rs. 999 which can be waived on the basis of spendings made in the previous year. You also get milestone benefits using this credit card.

Both the credit cards by Kotak Mahindra Bak provide some exclusive benefits and deals to the customers on the basis of where they spend using their credit cards. Though these cards might look similar to each other but are different as well. Following are the detailed features and benefits of the individual cards to better understand them.

Kotak Mojo Platinum Credit Card

A decent credit card by Kotak Mahindra Bank, the Kotak Mojo Platinum Credit Card, offers amazing rewards in the form of Mojo Points to its customers. The customers get accelerated Mojo Points while they spend on online transactions and at KayMall. The cardholder will get gift vouchers as a milestone benefit and access to domestic lounges as value-added benefits with this credit card. The Kotak Mojo Platinum Credit Card comes with a joining and renewal fee of Rs. 1,000 which can be waived off on the basis of the amount spent using this credit card. Following are the detailed features and benefits of this credit card-

• The cardholders will get 1 Mojo Point for every Rs. 100 spent using their credit card on all categories. (except fuel)
• Higher points, i.e., 2.5 Mojo Points for every Rs. 100 spent on all online purchases made using this credit card.
• The cardholders can earn a maximum of 750 Mojo Points from each category. Hence. The total Mojo Points that can be earned from all the categories combined at capped at a total of 2,250 points per billing cycle.
• With this credit card, the cardholders get 8 complimentary domestic lounge access in a year, limited to 2 per quarter.
• The cardholders will also get a railway surcharge waiver while they book the railway tickets on the IRCTC Website or at the Indian Railways booking counters.
• A fuel surcharge waiver of 1 % is also granted to the cardholders on all fuel transactions between Rs. 500 and Rs. 3,000 at all fuel stations in India. The waiver amount is capped at a maximum of Rs. 3,500 in a year.
• As a milestone benefit, the cardholders will get a 2500 Mojo points every quarter if he is able to spend Rs. 75,000 or more in a quarter. This milestone benefit is only applicable for the first year.
• The joining fee of Rs. 1,000 of this credit card can be waived off if the cardholder is able to spend Rs. 30,000 or more using this credit card within the first 90 days of the card issuance date.
• The Kotak Mojo Platinum Credit Card comes with a renewal fee of Rs. 1,000 which can be waived off upon spending a minimum of Rs. 1 Lakh in an anniversary year.
• The Mojo Points earned with this credit card can be redeemed against a variety of products and vouchers available on https://kotakrewards.com/, where 1 Mojo Point = Rs. 0.25
• The Mojo Points can also be redeemed against the statement balance of the credit card, wherein 1 Mojo Point = Re. 0.40

Kotak Royale Signature Credit Card

It is one of the basic credit cards issued by Kotak Mahindra Bank that provides great reward points and travel benefits to its customers. This card is placed at 0 joining fee but charges a renewal fee of Rs. 999 but in return provide some exciting rewards on your regular spends and accelerated reward points on your spends made at some specific categories using this credit card. Not only this, but you can also earn bonus reward points while you achieve the milestone spends of the particular year. Along with the fuel surcharge waiver, the cardholder will also get a waiver while they book their railway tickets through the IRCTC website or at the railway booking counters. Keep reading the article to know more about this credit card in detail –

• For all the transactions made using this credit card, the cardholders will get 4 Reward Points for every Rs. 150 spent including hotels, restaurants, Airlines, Tour operators, Travel agencies, package tour operators, and international spends.
• The cardholders get 2 complimentary domestic airport lounge access every year through the Visa Lounge Access Program.
• A fuel surcharge waiver of 1% at all fuel stations in India on transactions between Rs. 500 and Rs. 3,000. The waiver amount is capped at a maximum of Rs. 3,500 in a year.
• In addition to the fuel surcharge waiver, the cardholders will also get a railway surcharge waiver for the transactions made on the IRCTC Website or Indian Railway Booking Counters. The maximum waiver under this category is capped at a maximum of Rs. 500 in a year.
• As a milestone benefit, the cardholders will get a bonus of 10,000 Reward Points on achieving spends of Rs. 4 Lakh in an anniversary year.
• If the cardholder is able to spend Rs. 8 Lakhs or more in an anniversary year, he will get 30,000 bonus reward points.
• This card does not charge any joining fee but charges a renewal fee of Rs. 999 which can be waived off on spending Rs. 1 Lakh or more in an anniversary year.
• The Reward Points earned with the Kotak Royale Signature Credit Card can be redeemed against various products and vouchers available on the Kotak Rewards Website.
• For redemption purposes, 1 RP = Rs. 0.1875

Check here: Kotak Royale Signature Credit Card Review

Kotak Mojo Platinum Vs Kotak Royale Signature Credit Card – Quick Comparison

Now that we have discussed the features of both the cards individually, let us now have a quick comparison between The Kotak Mojo Platinum Credit Card and The Kotak Royale Signature Credit Card-

Basis	Kotak Mojo Platinum Credit Card	Kotak Royale Signature Credit Card
Reward Rate	1 MP for every Rs. 100 spent. 2.5 MP for every Rs. 100 spent on online transactions. 5 MP for every Rs. 100 spent on KayMall.	2 RP for every Rs. 150 spent. 4 RP for every Rs. 150 spent on selected categories.
Reward Redemption	Can be redeemed on the Kotak Rewards Website, wherein 1 MP = Rs. 0.25 Can be redeemed against the statement balance, wherein 1 MP = Re. 1	Can be redeemed against products and vouchers available at the Kotak Rewards Website. 1 RP = Rs. 0.1875
Fuel Surcharge Waiver	1% waiver on transactions between Rs. 500 to Rs. 3,000	1% on transactions between Rs. 500 and Rs. 3,000
Milestone Benefit	Gift voucher worth Rs. 1,000 on spending Rs. 1 Lakh or more in a quarter.	10,000 Reward Points on achieving spends of Rs. 4 Lakhs in a year. 30,000 Reward Points on achieving spends of Rs. 8 Lakhs or more in a year.
Lounge Access	8 complimentary visits to domestic lounges in a year, limited to 2 per quarter	2 complimentary domestic lounge access in a year
Railway surcharge waiver	Yes, you get a railway surcharge while booking on the IRCTC website or at the Railway booking counters	Yes, you get a railway surcharge while booking on the IRCTC website or at the Railway booking counters
Railway surcharge waiver	Rs. 1,000 + Taxes (Can be waived off on spending Rs. 30,000 or more within first 90 days of the card issuance)	NIL
Renewal Fees	Rs. 1,000 + Taxes (Can be waived off on spending Rs. 1 Lakh or more in the previous year)	Rs. 999 + Taxes
Eligibility	The applicant should be a resident of India. Issued to both salaried and self-employed individuals between the age of 21 years to 65 years. The applicant should have an annual income of Rs. 4 Lakhs or more.	The applicant should be a resident of India. Issued to both salaried and self-employed individuals between the age of 21 years to 65 years. The applicant should have an annual income of Rs. 24 Lakhs or more.

Bottom Line

Both the credit cards by Kotak Mahindra Bank are decent credit cards that help the cardholders earn reward points on almost all spends that they make using their credit card. The Kotak Mojo Platinum Credit Card is a basic credit card but can be quite beneficial as you can redeem the points earned with this credit card against the outstanding statement balance at a rate of 1 MP = Re. 0.40. Additionally, you get a spend-based waiver on the joining fee and annual fee of this card, making it even more popular in the credit card market.

On the other hand, the Kotak Royale Signature Credit Card is also a great credit card that provides cardholders with amazing benefits while they shop using this credit card. The milestone benefits that you get with this credit card are a great attraction for the customers. Apart from this, the cardholders will also get a fuel and railway surcharge waiver, complimentary lounge access, etc. Both cards might look similar yet have differentiated features from each other. The customer will have to choose between the two after thoroughly analyzing his needs and wants.

For any more queries related to these cards, please feel free to ask us in the comment section below!