By Bharti Bisht
Updated On September 10, 2021

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. 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:

Best Suited For

Travel | Shopping |

Joining Fee

Rs. 1,000

Reward Type

Reward Points |

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.

Rewards and Benefits

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

1 Mojo Point on every Rs. 100 spent. 2.5 Mojo Points on every online spend of Rs. 100. 5 Mojo Points on every Rs. 100 on KayMall.

Reward Redemption

The Mojo Points you earn can be redeemed against various categories at https://kotakrewards.com/ at a rate of 1 Mojo Point = Rs. 0.25.

Travel

Get complimentary airport lounge access every year

Golf

NA

Domestic Lounge Access

2 complimentary domestic lounge access every quarter.

International Lounge Access

NA

Insurance Benefits

Insurance cover worth Rs. 1.25 lakhs against unauthorized transactions on a lost/stolen card

Zero Liability Protection

Zero liability protection against a lost/stolen card is provided if the loss is reported to the bank in a timely manner.

Fees & Charges

Joining Fee

Rs. 1,000

Renewal Fee

Rs. 1,000

Spend based Waiver

The joining fee is waived off on spending Rs. 30,000 or more within the first 90 days and the renewal fee is waived off on spending Rs. 1 lakh or more in the previous year.

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5% on all the foreign currency transactions

Interest Rates

3.5% per month

Fuel Surcharge

You get a 1% fuel surcharge waiver across all fuel stations for all fuel transactions between Rs. 500 & Rs. 3,000

Cash Advance Charge

Rs. 300 for every withdrawal of Rs. 10,000

Add-on Card Fee

Rs. 299

Kotak Mojo Platinum Credit Card Rewards:

  • You get 1 Mojo Points for every spend of Rs. 100.
  • You get 2.5 mojo Points for every spend of Rs. 100 on online purchases.
  • You get 5 Mojo Points On every Rs. 100 spent on KayMall.
  • The maximum benefit is capped at 2250 Mojo Points per billing cycle (750 Mojo Points on each category).
  • You don’t earn any Mojo Points on fuel purchases.
  • The Mojo Points are valid for 1 year from the date of accumulation.

Rewards Redemption

  • The Mojo Points you earn can be redeemed on https://kotakrewards.com/ against several categories, including travel, movies (BookMyShow vouchers), shopping, e-vouchers, etc, at a rate of 1 Mojo Point = Rs. 0.25.
  • The earned Mojo Points can also be redeemed against the outstanding statement by calling the bank’s customer care. For redemption against the outstanding statement, 1 Mojo Point = Re. 1.

Milestone Benefits

  • You get gift vouchers worth Rs. 1,000 on spending Rs 1 lakh 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.

Eligibility Criteria

  • 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.

How To Apply?

You can apply for a Kotak Mojo Platinum Credit Card either offline by visiting the nearest branch or online by following a few steps as follows:

  • Visit www.kotak.com.
    ● Click on the option ‘Explore Products.’
    ● Go to the option ‘Cards.’
    ● Select ‘Credit Cards.’
    ● Choose the ‘Kotak Mojo Platinum Credit Card,’ and click on apply now. Fill in all the required details & complete all the formalities as instructed by the website.

Conclusion

The Kotak Mojo Platinum is a basic 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. 1. 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 looks for such a credit card.

FAQs:

Yes, the Mojo Points you earn using your Kotak Mojo Platinum Credit Card expire after 1 year from the date of accrual.

The maximum benefit you can get through the railway surcharge waiver is capped at Rs. 500 per calendar year for the Kotak Mojo Platinum Credit Card.

Yes, you can redeem your earned Mojo Points against the outstanding statement at a rate of 1 Mojo Point = Re. 1.

The foreign currency markup fee on the Kotak Mojo Platinum Credit Card is 3.5% on all foreign currency spends.

Yes, you can get the joining fee waived off for your Kotak Mojo Platinum Credit Card by spending Rs. 30,000 or more within the first 90 days after the card set-up date.

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