Kotak Mojo Platinum Credit Card
Joining Fee: ₹1,000 + GST
Renewal Fee: ₹1,000 + GST
Reward Type: Reward Points
Rewards Program
Offline Spends: Earn 1 Mojo Point for every Rs. 100 spent on offline purchases.
Online Spends: Earn 2.5 Mojo Points per Rs. 100 spent on online purchases.
Maximum Cap: Earn up to 750 Mojo Points per billing cycle on offline and online categories, with a total cap of 2,250 Mojo Points per billing cycle.
Reward Point Expiry: Mojo Points are valid for 1 year from the date of accumulation.
Milestone Benefits
Quarterly Spend: Earn gift vouchers worth Rs. 2,500 by spending Rs. 75,000 or more in a quarter. This benefit is applicable for the first year only.
Reward Redemption
Mojo Points can be redeemed for shopping, travel, movies, e-vouchers, and more via Kotak Rewards at a rate of 1 Mojo Point = Rs. 0.25.
Points can also be redeemed against the outstanding statement at a rate of 1 Mojo Point = Re. 0.40 by contacting customer care.
Travel Benefits
Domestic Lounge Access: Get 2 complimentary domestic lounge visits every quarter, totaling 8 visits per year.
Insurance Benefits
Enjoy coverage of Rs. 1.25 Lakhs against unauthorized transactions on a lost or stolen card.
Surcharge Waivers
Fuel Surcharge Waiver: Receive a 1% waiver on fuel transactions between Rs. 500 and Rs. 3,000, capped at Rs. 3,500 per year.
Railway Surcharge Waiver: Surcharge waivers are also applicable on railway ticket bookings made via IRCTC or at Indian railway counters.
Spend-Based Annual Fee Waiver
Joining Fee Waiver: Waived on spending Rs. 30,000 or more within the first 90 days of card issuance.
Renewal Fee Waiver: Waived on spending Rs. 1 Lakh or more in the previous membership year.
Finance & Forex Charges
Interest Rate: 3.5% per month.
Forex Markup: 3.5% on foreign transactions.
Cash Advance Fee: Rs. 300 for every Rs. 10,000 withdrawn.
Summary
The Kotak Mojo Platinum Credit Card offers a rewarding experience across online and offline categories, providing 1 Mojo Point per Rs. 100 on offline spends and 2.5 Mojo Points per Rs. 100 on online purchases. While there are no specific welcome benefits, the card's rewards program is capped at 2,250 Mojo Points per billing cycle. Cardholders can also enjoy milestone benefits such as Rs. 2,500 worth of gift vouchers for spending Rs. 75,000 in a quarter during the first year. Mojo Points can be redeemed for shopping, travel, or movie bookings, with a higher redemption value for paying off outstanding statements. Additional perks include 2 complimentary domestic lounge visits per quarter, a 1% fuel surcharge waiver, and spend-based waivers on joining and renewal fees. With a joining fee of Rs. 1,000 + GST and renewal fee waivers available, the Kotak Mojo Platinum Credit Card offers a balance of affordability and rewards, making it a solid choice for frequent shoppers and travelers.