Kotak Mojo Platinum Credit Card | Credit Cards

Name: Kotak Mojo Platinum Credit Card
Brand: Kotak Bank
Price: 1000 INR
Availability: InStock
Rating: 2 (1 reviews)

Overview

The Kotak Mojo Platinum Credit Card sits in the mid-tier segment of Kotak Mahindra Bank's credit card lineup. Its main draw is the 2.5 Mojo points earned per ₹100 on online transactions, which is 2.5 times the offline earn rate. For cardholders who do most of their spending on e-commerce, bill payments, or subscription services, the online multiplier provides a noticeable boost over the 1 point per ₹100 earned on in-store purchases.The lounge benefit is solid for a ₹1,000 fee card: 8 complimentary domestic airport lounge visits each year, limited to 2 per quarter. However, Kotak introduced a spend condition from June 2025 requiring ₹75,000 or more in quarterly spending to unlock lounge access for the following quarter. This effectively makes the lounge perk spend-linked rather than unconditional, reducing its appeal for low-volume spenders.Fuel users benefit from a 1% surcharge waiver on transactions between ₹500 and ₹5,000 (updated from ₹3,000 in June 2025), with an annual cap of ₹3,500. A railway surcharge waiver saves 1.8% on IRCTC bookings and 2.5% at station counters, capped at ₹500 per anniversary year. These transport-related perks, while modest individually, add up for regular commuters and travellers within India.The card's biggest limitation is its discontinued status for new applicants. Kotak no longer accepts fresh applications for the Mojo Platinum, directing potential customers toward newer products. Existing cardholders still receive all benefits, but several changes effective June 2025 have tightened reward earning categories. Mojo points are no longer earned on wallet loads, fuel, rent, or online gaming, and caps apply on education (₹70,000/cycle), insurance (₹70,000/cycle), utility (₹50,000/cycle), and government transactions (₹40,000/cycle).

Pros

↑8 complimentary domestic airport lounge visits per year is generous for a card with a ₹1,000 annual fee, where most competitors at this price offer 2 to 4 visits
↑1% fuel surcharge waiver cap of ₹3,500 per anniversary year is above the market average of ₹1,200 to ₹2,400, making this one of the better mid-tier cards for fuel savings
↑2.5 Mojo points per ₹100 on online spends gives online shoppers a meaningful boost over the base 1 point rate, rewarding the spending pattern of digitally active users

Cons

↓Discontinued for new applications, so only existing Kotak customers or cardholders can continue using it with no option for fresh sign-ups
↓Effective reward value of approximately 0.25% to 0.625% (at standard Mojo point redemption rates) is significantly below competing cards that offer 1% to 2% returns
↓June 2025 changes removed Mojo point earnings on fuel, rent, wallet loads, and gaming while adding spend caps on utilities, education, insurance, and government payments

Key Highlights

Welcome Offer
2.5 Mojo points per ₹100 online
2.5 points per ₹100 on online purchases
1 point per ₹100 on offline spends
No points on fuel, cash withdrawal
Caps on utility, education, insurance from June 2025

Reward Rate
8 domestic lounge visits/year
8 visits at select domestic airports
Limited to 2 per quarter
From June 2025: ₹75,000 quarterly spend required
Primary cardholder only

Minimum Salary
21-65 years, Indian resident
Age: 21 to 65 years
Must be an Indian resident
Income proof required
Card discontinued for new applicants

Joining Fee
₹1,000 (waived on ₹30,000 in 90 days)
Joining fee: ₹1,000
Waived if ₹30,000 spent in first 90 days
Fee reversal within 90-120 days of issuance

Annual Fee
₹1,000 (waived on ₹1L annual spend)
Annual fee: ₹1,000
Waived if annual retail spend exceeds ₹1,00,000
Calculated per anniversary year

Why Choose?
Online rewards, lounges, and fuel savings
Higher points on online shopping
Domestic airport lounge access
Fuel and railway surcharge waivers
First-year milestone bonus program

Key Benefits

Fuel

★3.5

▼

1% fuel surcharge waiver on transactions between ₹500 and ₹5,000
Annual cap of ₹3,500 per anniversary year
Available at all fuel stations in India
No Mojo points earned on fuel transactions
Surcharge waiver range extended from ₹3,000 to ₹5,000 effective June 2025

Milestone

★2.5

▼

2,500 Mojo points per quarter on spending ₹75,000
Valid for the first year after card issuance only
From June 2025: utility, wallet, fuel, gaming, insurance, government, rent, and education excluded from milestone calculation
Maximum annual milestone value: 10,000 Mojo points (4 quarters)

Reward Points

★2.0

▼

2.5 Mojo points per ₹100 on online purchases
1 Mojo point per ₹100 on all other spends
No points on fuel transactions or cash withdrawals
From June 2025: caps on education (₹70K), insurance (₹70K), utility (₹50K), government (₹40K) per cycle
No points on wallet loads, rent, or online gaming from June 2025

Shopping

★1.5

▼

1 Mojo point per ₹100 on in-store purchases
2.5 Mojo points per ₹100 on online shopping
No specific merchant partnerships for shopping
Standard redemption options through Kotak rewards catalogue

Travel

★2.0

▼

8 domestic airport lounge visits per year (2 per quarter)
Railway surcharge waiver: 1.8% on IRCTC, 2.5% at counters
No international lounge access
No forex markup benefit
No travel insurance coverage

Airport Lounge Access

▼

8 complimentary visits per year at select domestic airports
Limited to 2 visits per quarter
From June 2025: ₹75,000+ spend required per quarter for next quarter access
Primary cardholder only
No international lounge access

Emi

▼

Smart EMI conversion available for eligible purchases
Contact Kotak Bank for conversion
Standard Kotak EMI terms and processing fees apply

Detailed Information

Joining Fee	₹1,000 (waived on ₹30,000 spend in 90 days)
Annual Fee	₹1,000 from 2nd year
Annual Fee Waiver	Waived on ₹1,00,000 annual retail spend
Monthly Percentage Rate	3.50%
Annual Percentage Rate	42.00%
Minimum Monthly Payment	5% of outstanding or ₹200, whichever is higher
Foreign Currency Markup	3.50%
Late Payment Charges	Tiered: nil for small balances, increasing with outstanding amount; check MITC for exact slabs
Overlimit Charges	2.5% of overlimit amount (min ₹500)
Cash Advance Fee	2.5% of amount (min ₹300)
Card Replacement Fee	₹200

Age Requirement Salaried	21-65 years
Age Requirement Self Employed	21-65 years
Minimum Annual Income Salaried	₹3,00,000 (indicative, bank discretion)
Minimum Annual Income Self Employed	₹3,00,000 (indicative, bank discretion)
Minimum Credit Score	700+ (indicative)

Identity Proof	PAN Card (mandatory) Passport Driving License Voter ID Aadhaar Card
Address Proof	Passport Driving License Voter ID Aadhaar Card Utility bill (recent)
Income Proof Salaried	Latest 2 months payslips Bank statement (3 months) Form 16 IT return copy
Income Proof Self Employed	IT return copy (2 years) Bank statement (6 months) Business registration proof

Frequently Asked Questions

The joining fee is ₹1,000. Kotak waives this fee if you spend ₹30,000 within the first 90 days after card issuance. The waiver amount is credited back within 90 to 120 days of issuance.

The annual fee of ₹1,000 (charged from the 2nd year) is waived when your total annual retail spending exceeds ₹1,00,000. This is calculated per anniversary year from the date of card issuance.

You earn 2.5 Mojo points for every ₹100 spent on online transactions. This applies to e-commerce purchases, online subscriptions, and digital payments. The points earning is unlimited with no monthly cap on the online bonus rate.

Offline or in-store transactions earn 1 Mojo point per ₹100 spent. Fuel transactions and cash withdrawals do not earn any Mojo points. From June 2025, certain additional categories like wallet loads and rent also stopped earning points.

Mojo points can be redeemed through the Kotak rewards portal for gift vouchers, product catalogue items, and statement credits. The redemption value varies depending on the option chosen. Check the Kotak rewards website or mobile app for current redemption options and point values.

Yes. You get 8 complimentary domestic airport lounge visits per year at select airports in India. Visits are limited to 2 per quarter. From June 2025, you must spend ₹75,000 or more in a calendar quarter to get 2 lounge visits in the following quarter.

No. The Mojo Platinum card only provides domestic airport lounge access at select Indian airports. International airport lounges are not included. For international lounge access, you would need a higher-tier Kotak card or a Priority Pass membership.

A 1% fuel surcharge waiver applies on fuel transactions between ₹500 and ₹5,000 (range updated from ₹3,000 to ₹5,000 in June 2025). The maximum waiver is capped at ₹3,500 per anniversary year. Fuel transactions do not earn any Mojo points.

Yes. The card saves 1.8% on railway ticket bookings through IRCTC online and 2.5% on tickets bought at Indian Railways booking counters. The maximum railway surcharge waiver is ₹500 per anniversary year.

Spend ₹75,000 in a quarter to earn 2,500 bonus Mojo points. This milestone program is valid only during the first year after card issuance. If all four quarterly milestones are achieved, you earn up to 10,000 bonus Mojo points in year one.

From June 2025, utility, wallet load, fuel, online gaming, insurance, government, rent, and education spends no longer count toward the ₹75,000 quarterly milestone threshold. These exclusions apply based on Merchant Category Codes (MCCs) assigned by Visa.

Several changes took effect. Mojo points are no longer earned on wallet loads, fuel, rent, or online gaming. Caps were introduced on education and insurance (₹70,000 per cycle each), utility (₹50,000), and government spends (₹40,000). Lounge access now requires ₹75,000 quarterly spend. The fuel surcharge waiver range expanded to ₹500 to ₹5,000.

No. Kotak Mahindra Bank has discontinued the Mojo Platinum Credit Card for new applications. The product page on kotak.com is marked as discontinued. Existing cardholders continue to use their cards with all applicable benefits.

Existing cardholders retain their cards and all associated benefits. Kotak has not announced any forced migration to a different product. Your card will continue to work for transactions, reward earning, and lounge access as per the current terms.

The finance charge is approximately 3.50% per month (42% per annum). This applies to any unpaid balance carried forward past the payment due date. Paying the full statement amount by the due date avoids all interest charges.

Late payment fees are tiered based on the total amount due. Charges are nil for small outstanding amounts and increase progressively for larger balances. Check the latest MITC document on the Kotak website or your welcome kit for the exact current fee slabs applicable to your card.

International transactions attract a foreign currency markup of approximately 3.50% plus applicable taxes. This is standard for mid-tier credit cards in India. The card is not ideal for frequent international spending due to this markup and the absence of forex-specific benefits.

Yes. Add-on or supplementary cards are available for ₹299 each. You can set custom spend limits for each add-on card and track spending separately. Add-on card transactions also earn Mojo points at the same rates as the primary card.

Cash advances attract a fee of 2.5% of the withdrawn amount with a minimum of ₹300. Interest charges apply from the date of withdrawal with no interest-free period. Cash advances do not earn Mojo points and should be used only in emergencies.

The card was available to Indian residents aged 21 to 65 years with a regular income source. Since the card is now discontinued, new applications are not being accepted. Existing holders who received the card when it was active continue to use it.

Standard documents include PAN card (mandatory), identity proof (Aadhaar, passport, driving license, or voter ID), address proof, and income proof. Salaried applicants need payslips or Form 16. Self-employed applicants need IT returns and business proof. Since the card is discontinued, new applications are not processed.

Yes. The card supports Visa payWave contactless technology. You can tap the card on enabled POS terminals for transactions up to the contactless limit without entering your PIN. For higher amounts, PIN authentication is required as an added security measure.

The credit limit is set by Kotak Mahindra Bank based on your income, credit score, and repayment history. There is no publicly stated minimum or maximum limit. You can request a limit increase through the Kotak mobile app or by calling customer care.

The League Platinum earns up to 8 reward points per ₹150 across categories and offers PVR tickets or 10,000 points on ₹1,25,000 spend every 6 months. Its annual fee waiver threshold is lower at ₹50,000. The Mojo Platinum gives higher online points (2.5 per ₹100) and more lounge visits (8 per year versus the League Platinum allocation).

Yes. Kotak offers Smart EMI conversion for eligible purchases. You can convert large transactions into monthly instalments by contacting Kotak Bank through their app, net banking, or customer care. Processing fees and interest charges apply based on the tenure selected.