Kotak Mojo Platinum Credit Card

Community Verdict

[!NOTE] Our Take: The Kotak Mojo Platinum Credit Card was a useful upgrade over the original Mojo — it added 2.5 Mojo Points per ₹100 on online spends, 8 complimentary domestic lounge visits per year (2 per quarter), a ₹30,000/90-day joining fee waiver, and a 2,500 Mojo Point quarterly milestone (first year only) on ₹75,000 spend. As of July 2026, however, Kotak has discontinued sourcing for this card and the live listing says “Apply for Mojo Credit Card Online (Discontinued)”. Existing cardholders keep their benefits, but the lounge benefit is now gated by a heavy ₹75,000-per-calendar-quarter spend to unlock 2 visits in the NEXT quarter — making it much harder to monetise for casual users. New applicants should look at the Kotak League Credit Card (still active, ₹499 fee, 5.33% on special categories) or a HDFC Millennia / Flipkart Axis Bank for a similar online-accelerator position.

[!IMPORTANT] Card Status Update (July 2026): Kotak Mahindra Bank has discontinued sourcing of the Mojo Platinum Credit Card. The product page is live for reference but new applications are not being accepted. The information below reflects the documented benefit structure, including the 1 June 2025 MCC-cap revisions and the ₹75,000 quarterly lounge spend gate.

Pros

• 2.5 Mojo Points on Online: 2.5 MP per ₹100 (2.5% return) on every online spend — uncapped.
• 8 Domestic Lounge Visits/Year: 2 complimentary visits per quarter at select Indian airport lounges.
• Joining Fee Waived at ₹30K/90 Days: Spend ₹30,000 in the first 90 days and the ₹1,000 joining fee is reversed (within 90–120 days).
• Annual Fee Waived at ₹1 Lakh Spend: Modest threshold for a sub-₹1K annual fee card.
• Quarterly Milestone (First Year): Spend ₹75,000 in any calendar quarter (first year only) to receive 2,500 Mojo Points.
• 1% Fuel Surcharge Waiver: Save 1% on fuel transactions between ₹500 and ₹5,000; cap ₹3,500 per anniversary year.
• Railway Surcharge Waiver: 1.8% on IRCTC / 2.5% at booking counters; ₹500/year cap.
• Visa payWave Contactless: Tap-and-pay support.
• ₹50,000 Fraud Liability Cover: Lost/stolen card fraud protection up to ₹50,000.
• Priority Attend (Kotak Assist): SMS ‘KASSIST’ to 5676788 for a callback within 2 hours, plus complimentary cheque pickup for monthly dues.

Cons

• DISCONTINUED for New Applications: As of July 2026, Kotak has stopped sourcing new applications — the official listing is marked “Discontinued”.
• Heavy Quarterly Lounge Spend Gate: W.e.f. 1 June 2025, you must spend ₹75,000 in a calendar quarter to unlock 2 lounge visits in the NEXT quarter — a steep gate for a sub-₹1K card.
• Milestone Ends After First Year: The 2,500 Mojo Points quarterly milestone is only valid for the first year from card issuance.
• Wide Reward Exclusions: Fuel, cash withdrawal, rent, wallet load and online skill gaming earn zero Mojo Points — utility ₹50K/cycle, education/insurance ₹70K/cycle, government ₹40K/cycle caps from 1 June 2025.
• Cash Redemption Only ₹0.20/MP: Statement-credit redemption at ₹0.20 per Mojo Point is below the voucher/air/mobile route at ₹0.25.
• Fuel Earns Zero Mojo Points: 1% surcharge is waived but no Mojo Points on fuel.
• ₹99 Redemption Fee: Every redemption request carries a ₹99 + GST charge.
• Add-on Cards Cost ₹299: Each add-on card is ₹299 — not free.
• No International Lounge Access: Only domestic lounges included.

Reward Spends & Categories

The Kotak Mojo Platinum Credit Card delivered a reward yield of 1% - 2.5% Mojo Points on retail spends:

Reward Point Redemption Value

Redemption value depends on the channel you choose:

• Cash / Statement Credit: 1 Mojo Point = ₹0.20
• Air Tickets / Movie Tickets / Mobile Recharge / Cash Vouchers / Gift Vouchers: 1 Mojo Point = ₹0.25

[!IMPORTANT] A redemption fee of ₹99 + GST is charged per redemption request. Cash redemption yields 20 paise per Mojo Point — always redeem on vouchers/air/mobile (₹0.25/MP) unless you specifically need statement credit.

Airport Lounge & Travel Perks

Domestic Lounges:

• 8 complimentary visits per card-anniversary year, capped at 2 visits per quarter
• Spend Gate (from 1 June 2025): Spend ₹75,000 or more in a calendar quarter to unlock 2 visits in the NEXT calendar quarter
• Program: Domestic Lounge Program (select Indian airport lounges)
• Excluded Spends: Utility, Wallet Load, Fuel, Online Skill Gaming, Insurance, Government, Rent, Education MCCs do NOT count toward the gate

International Lounges: None

[!TIP] With the new ₹75K/quarter gate, you need to spend ₹3 Lakh per year in qualifying categories (utility/wallet/fuel/gaming/insurance/government/rent/education excluded) just to keep your 8 annual lounge visits flowing. Casual users may never unlock a single visit.

Milestone Benefits

Quarterly Mojo Points (First Year Only):

• Spend Threshold: ₹75,000 in any calendar quarter
• Benefit: 2,500 Mojo Points (worth ₹500 on vouchers at ₹0.25/MP, or ₹400 as statement credit at ₹0.20/MP)
• Validity: First year from card issuance only
• Excluded Spends: Utility, Wallet Load, Fuel, Online Skill Gaming, Insurance, Government, Rent, Education MCCs do NOT count
• Credit: Next billing cycle

Annual Fees & Charges

• Joining Fee: ₹1,000 + GST (waived on ₹30,000 retail spend in the first 90 days — reversal within 90–120 days)
• Annual Fee: ₹1,000 + GST (waived on ₹1,00,000 retail spend per year)
• Renewal Fee: ₹1,000 + GST
• Forex Markup: 3.5% per foreign currency transaction
• Cash Withdrawal Fee: ₹500 per cash advance; 3.5% per month interest
• Card Replacement Fee: ₹100
• Reward Redemption Fee: ₹99 + GST per redemption request
• Add-on Card Fee: ₹299 per add-on card

Data Verification

• Verification Tier: ARCHIVED_DATA (Card discontinued; data reflects active-period benefits and 1 June 2025 revisions)
• Editorial Feeds: Kotak Mojo Platinum page (kotak.bank.in, July 2026), Finology Select
• Last Status Update: 2026-07-04

For official terms, interest rates, and applications, refer to the Bank Reference Page.

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