Kotak Mojo Platinum Credit Card

Issued by the Kotak Mahindra bank, the Kotak Mojo Platinum Credit Card is aimed at providing its customers with great rewarding experiences. It earns you Rewards in the form of Mojo Points, which can be redeemed against various categories, including shopping, travel, etc, and even against the outstanding statement. With this card, you earn 1 Mojo Point on every offline spend of Rs. 100, and you earn extra Reward Points for your spends on online purchases and KayMall. You can also earn gift vouchers worth Rs. 1,000 every quarter on achieving the milestone spend. To give extra luxurious travel experiences, this card provides you with complimentary domestic lounge access every year.

With such an affordable membership fee of Rs. 1,000 only, the card is providing you with all the benefits, which makes the annual fee totally worth it. Moreover, there are several ways in which you can save with this card, including the joining & renewal fee waiver, fuel & railway surcharge waiver, etc. Keep reading the following details to know all about the Kotak Mojo Platinum Credit Card:

Product Details

• Get 1 Mojo Point on every Rs. 100 you spend.
• Get 2.5x Mojo Points on online spends and 5x Mojo Points on KayMall spends.
• Mojo Points redeemable against the outstanding statement.
• Get complimentary domestic lounge access every year.
• Gift vouchers worth Rs. 1,000 on achieving the milestone spend.
• Spend-based joining and renewal fee waiver.
• Insurance cover against a lost/stolen card.
• Save more through fuel surcharge waiver & railway surcharge waiver.

Kotak Bank Mojo Platinum Credit Card – Key Highlights

The most important points you must know about the Kotak mojo Platinum Card are given below in the table:

Kotak Mojo Platinum Credit Card Features and Benefits

The Kotak Mojo Platinum Card is a basic credit card offered by the Kotak Mahindra Bank that comes with a quite good reward rate and several great benefits across other categories, including travel, lifestyle, and many more. The detailed benefits & features of this card are as follows:

Milestone Benefits

• You get gift vouchers worth Rs. 2,500 on spending Rs. 75,000 or more in a quarter.
• This benefit is applicable for the first year only.

Travel Benefits

You get 2 complimentary domestic airport lounge access every quarter (8 per year).

Insurance Benefits

If your credit card is lost/stolen, you get an insurance cover worth Rs. 1.25 lakhs against any fraudulent usage of your card.

Other Benefits

• You get a railway surcharge waiver on railway ticket bookings at irctc.co.in and on Indian railway booking counters.
• Instead of trying again & again to reach the bank to pay your due bills, you just need to SMS “KASSIST” to 5676788 and you will surely get a back call within 2 hours.

Joining and Renewal Fee Waiver

• The joining fee is waived off if you spend Rs. 30,000 or more within the first 90 days after the card issuance.
• The renewal fee is waived off if you spend Rs. 1 lakh or more in the previous year.

Fuel Surcharge Waiver

• The 1% fuel surcharge is waived off for all fuel transactions between Rs. 500 & Rs. 3,000.
• The maximum benefit through fuel surcharge is capped at Rs. 3,500 per year.

Kotak Mojo Platinum Credit Card Rewards

Cardholders earn unlimited 2.5 Mojo points for every ₹100 on online spends and unlimited 1 Mojo point for every ₹100 on all other spends, except on wallet load, fuel, rent & online skill-based gaming. The following caps are applicable to reward earnings with the card.

• Mojo points can be earned only on education and insurance spends up to ₹70,000 per statement cycle.
• They can also be earned on utility expenses up to ₹50,000.
• On government expenses up to ₹40,000 per statement cycle.

The Mojo Points are valid for 1 year from the date of accumulation.

Rewards Redemption

• Mojo Points can be redeemed through the Kotak Rewards portal for mobile recharges, travel bookings, shopping, e-vouchers, movie tickets (BookMyShow), and more.
• 1 Mojo Point = ₹0.25 when redeemed across shopping, travel, and lifestyle categories on the Kotak Rewards platform.
• For cash value redemption, 1 Mojo Point = ₹0.20, with a minimum of 2,000 points required to initiate redemption.
• Cashback redemption must be requested via customer care and is subject to the revised lower value.
• Mojo Points are valid for 12 months from the date they are earned, so it’s important to track and redeem them in time.
• Redemption is available through multiple channels, including the Kotak mobile app, website, and customer care.

Kotak Mojo Platinum Card Fees and Charges

There are several fees and charges associated with every credit card. Some of the important charges that are applicable on the Mojo Kotak Credit Card are as follows:

• The joining and annual fee of the Kotak Mojo Credit card is Rs. 1,000. However, the cardholders can make their credit card absolutely free by fulfilling the required fee waiver conditions.
• This credit card charges an interest rate of 3.75% per month.
• The forex markup fee on the Mojo Kotak Credit Card is 3.5% of the total amount that has been transacted in a foreign currency.
• The cash advance fee on this credit card is Rs. 300 for every withdrawal of Rs. 10,000.

Kotak Mojo Credit Card Eligibility Criteria

There are certain eligibility requirements that need to be fulfilled by your if you want to get approved for this card. Some basic eligibility criteria for the Mojo Kotak Credit Card are given below:

• The age of the applicant (primary cardholder) should be between 21 years and 65 years.
• The applicant should be a resident of India.
• The net annual income of the applicant should be 4 lakhs or more.

Documents Required

The list of all the important documents required to apply for the Kotak Mojo Platinum Credit Card is given below:

• Proof of Identity: PAN Card, Aadhar Card, Driving License, Passport, Voter’s Id, etc.
• Proof of Address: Aadhar Card, Ration Card, Latest water/electricity bills, rent agreement, etc.
• Proof of Income: Latest months’ salary slips/bank statements or latest audited ITR.

Kotak Mojo Platinum Credit Card Review

The Kotak Mojo Platinum is an essential and affordable credit card that rewards you for almost all your spends. The Mojo Points you earn using this card can be really advantageous as you can redeem them against the outstanding statement at a rate of 1 Mojo Point = Re. 0.40. You can save amazingly with this card as you get a spend-based joining & renewal fee waiver through which you can make your card absolutely free to have. Moreover, the gift vouchers you earn under the milestone program allow you to save even more. With all its reward offers, travel benefits, and saving opportunities, the Kotak Mojo Platinum Credit Card can be considered a great choice for everyone who is looking for such a credit card. However, if you are looking for a similar card with a slightly lower annual fee and basic features, you can check out the Kotak Bank League Platinum Credit Card.

This was the review of the Kotak Mojo Credit Card from our side. Let us know what do you think about this card in the comment section below!