Kotak Mojo Platinum Credit Card

Gaurav

The Kotak Mojo Platinum Credit Card from Kotak Mahindra Bank is made for people who want a good mix of travel benefits, reward points, and extra bonuses. Every time you use the card, you earn Mojo Points that you can use for shopping, travel, or even to pay your credit card bill. It offers more rewards on online shopping and gives free access to domestic airport lounges, which is great for frequent travelers. You also get waivers on fuel and railway surcharges, helping you save more. The card has a joining fee of ₹1,000, which is fair considering the benefits it provides.

However, while the card gives decent value, its rewards rate is only around 1% on online spends, which is less compared to some other cards like the Amazon Pay ICICI or IDFC FIRST Millennia, which are either free or have a low fee. You can earn extra rewards like ₹1,000 gift vouchers every quarter, but only in the first year. Still, with savings on travel and spending, and benefits like fee waivers, this card is a good option for those who shop online and travel within India often.

Credit Card Detail
Kotak Mojo Platinum Credit Card
Joining Fee
Rs. 1000.00 +GST
Renewal Fee
Rs. 1000.00 +GST
Best Suited For
Shopping | Travel
Reward Type
Reward Points as Mojo Points
Welcome Benefits
N/A
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Rewards Rate
You earn 2.5 Mojo Points for every ₹100 spent online, and 1 Mojo Point for every ₹100 spent on all other purchases, except for fuel and cash withdrawals.
Reward Redemption
You can use 1 Mojo Point as ₹0.40 to pay your card bill by calling customer care (you need at least 2,500 points). For other redemptions like shopping or travel, 1 Mojo Point is worth ₹0.25.
Movie & Dining
N/A
Travel
You get a 1.8% waiver on railway surcharge when booking tickets on the IRCTC website, and a 2.5% waiver when booking at Indian Railways counters, helping you save more on train travel.
Golf
N/A
Domestic Lounge Access
Get 2 free visits to DreamFolks lounges in India every 3 months.
International Lounge Access
N/A
Insurance Benefits
You get insurance coverage of Rs. 1.25 lakhs for any unauthorized transactions if your card is lost or stolen.
Interest Rates
3.75% per month or 45% per annum
Spend-Based Waiver
You won’t have to pay the joining fee if you spend ₹30,000 within the first 90 days of getting the card, and the annual fee is waived if you spend ₹1 lakh in a year.
Rewards Redemption Fee
Nil
Cash Advance Charges
2.5% of the advance amount, with a minimum charge of Rs. 500.
Foreign Currency Markup
3.50% +GST
Fuel Surcharge
You get a 1% fuel surcharge waiver on fuel purchases between ₹500 and ₹3,000, helping you save up to ₹3,500 in a year.
Card Details
  • Earn 1 Mojo Point on every ₹100 spent, with 2.5x Mojo Points on online purchases and 5x Mojo Points on KayMall spends.
  • Redeem Mojo Points against your credit card outstanding balance or for other rewards (₹0.40 per point for statement redemption, ₹0.25 per point for others).
  • 8 complimentary domestic airport lounge visits annually (2 visits per quarter) through DreamFolks.
  • Gift vouchers worth ₹1,000 awarded on achieving milestone spends each quarter (first year only).
  • Fuel surcharge waiver up to ₹3,500 per year and railway surcharge waiver up to ₹500 per year on IRCTC and railway counters.
  • Joining and renewal fee waiver available based on spend criteria.
  • Insurance cover against unauthorized transactions on lost or stolen cards.
  • Add-on cards available with set spend limits (₹299 fee).
  • Complimentary cheque pickup for convenient payments.
  • Advanced security features including EMV chip and 6-digit PIN for secure transactions.
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Frequently Asked Questions

How do I activate my Kotak Mojo Credit Card?

You can activate it online by logging into your internet banking and adding your card details, or at an ATM by selecting card activation or PIN generation.

How much credit limit will I get?

The limit depends on your income and credit score, so it can vary. You can ask customer care to increase it if needed.

How many airport lounge visits do I get?

You get 2 free lounge visits every quarter, totaling 8 visits a year.

Can I use my Mojo Points to pay my credit card bill?

Yes, you can redeem them against your credit card bill at the rate of 1 point = Re. 0.40.

Can I redeem Mojo Points in other ways?

Yes, you can use points for cash, airline tickets, movie tickets, mobile recharges, or branded products.

Do Mojo Points expire?

Yes, points expire 1 year after you earn them.

Can I earn reward points on fuel purchases?

No, fuel purchases don’t earn points, but you get a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000, up to Rs. 3,500 per year.

How does the railway surcharge waiver work?

You get a waiver up to Rs. 500 per year if you book tickets on the IRCTC website or at railway counters.

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