Kotak Platinum Credit Card

Community Verdict

[!NOTE] Important Update (July 2026): The original Kotak Platinum Credit Card has been merged into the Kotak Mojo Platinum Credit Card, and the Mojo Platinum itself is now discontinued for new applications per the live Kotak website. Existing cardholders continue to be serviced on the same fee and rewards structure, but new applicants cannot apply. This review is retained for reference and for existing cardholders tracking their benefits.

The Kotak Mojo Platinum (formerly Kotak Platinum) was a mid-tier rewards Visa offering 2.5 Mojo points per ₹100 online and 1 point per ₹100 offline, plus 8 domestic airport lounge visits per year. The card has solid online earning but offline reward yield is just 1 RP per ₹100 (~0.25% via voucher redemption). Two important changes hit in June 2025: cashback redemption was cut from ₹0.25 to ₹0.10 per RP, and lounge access now requires ₹75,000 spend in the preceding calendar quarter.

Pros

• 2.5 Mojo Points per ₹100 on Online Spends: Uncapped online earning — best-in-segment for a discontinued entry-level Visa; 0.625% voucher value at ₹0.25/RP
• 8 Domestic Airport Lounge Visits/Year: Includes 2 per quarter on the Kotak domestic lounge program; covers all major Indian airports
• First-Year Joining Fee Waiver: Spend ₹30,000 in the first 90 days and the ₹1,000 joining fee is reversed
• Annual Fee Waiver at ₹1 Lakh: Reasonable threshold for a mid-tier card and achievable for regular spenders
• ₹3,500/Year Fuel Surcharge Waiver: 1% waiver on transactions between ₹500 and ₹3,000, capped at ₹3,500 per anniversary year
• Welcome Milestone: 2,500 bonus Mojo points on ₹75,000 quarterly spend (first year only since issuance) — useful but time-limited
• Visa PayWave Contactless: Tap-to-pay enabled for transactions up to ₹5,000 without PIN
• Zero Fraud Liability Cover: ₹50,000 cover per the bank’s policy for unauthorized transactions

Cons

• DISCONTINUED for New Applications: Per Kotak’s live website, the Mojo Platinum (which absorbed the original Kotak Platinum) is no longer sourced for new customers — this is the card’s biggest limitation in 2026
• Cashback Cut from ₹0.25 to ₹0.10/RP (Effective 1 June 2025): Statement credit redemption is now 60% less valuable than before. ₹0.10/RP cashback is poor even by entry-level standards
• Lounge Spend Gate of ₹75,000/Quarter (Effective 1 June 2025): To use the 2 visits in the next quarter, you must hit ₹75,000 in the current calendar quarter. Otherwise, lounge access is denied
• Offline Yield Only 1 RP per ₹100 (~0.25%): Most categories outside online are 1 Mojo point per ₹100, which is on the lower end
• Fuel, Wallet, Rent, Skill Gaming Excluded from Rewards: Common spend categories — fuel, wallet load, rent payment, online skill-based gaming — earn zero Mojo points
• Milestone Categories Excluded (Effective June 2025): Utility, education, wallet load, fuel, skill gaming, insurance, government, rent and education do NOT count toward the 2,500 bonus milestone
• ₹99 Redemption Fee Per Request: Every statement credit / voucher redemption carries a ₹99 + GST charge, discouraging small redemptions
• Per-Category Spend Caps: Education and Insurance capped at ₹70,000 per statement cycle, Utility at ₹50,000, Government at ₹40,000 — limits how much reward you can earn even in eligible categories
• No International Lounge Access: Domestic-only — Priority Pass is not included

Reward Spends & Categories

The Kotak Mojo Platinum earns Mojo Reward Points across most retail categories with caps on a few. Here’s the complete earning structure:

[!IMPORTANT] Milestone categories excluded effective 1 June 2025: Utility, Education, Wallet Load, Fuel, Online skill-based gaming, Insurance, Government, Rent do NOT count toward the 2,500 bonus points quarterly milestone. Spend on these categories is excluded from the ₹75,000 milestone threshold as well as the lounge spend gate.

Reward Point Redemption Value

Mojo Reward Points can be redeemed across multiple channels via the Kotak Rewards platform (kotakrewards.com). The values differ sharply between channels:

[!CAUTION] Effective 1 June 2025, the cashback (statement credit) redemption value was revised from ₹0.25 to ₹0.10 per RP. This is a 60% reduction in cash value. To preserve value, always redeem via vouchers, mobile recharge or shopping catalog where the ₹0.25/RP rate still applies. A minimum of 2,000 RP is required for cashback redemption, and a ₹99 + GST fee applies per redemption request.

Airport Lounge & Travel Perks

The Mojo Platinum (Kotak Platinum successor) provides 8 domestic airport lounge visits per year, capped at 2 per quarter:

International lounge access is not included — no Priority Pass, no overseas program. The lounge list is published at Kotak’s official lounge PDF (images.kotak.com/bank/mailers/2022/files/Kotak%20Domestic%20Lounge%20List.pdf).

[!TIP] Plan your lounge usage: the ₹75,000 quarterly spend gate is aggressive for an entry-level card. If you don’t hit ₹75,000 in Jan–Mar, you’ll get zero lounge visits in Apr–Jun. Concentrate big-ticket spends (electronics, travel bookings, insurance premiums) in one quarter to unlock 2 visits the next.

Annual Milestones

[!WARNING] The 2,500 Mojo bonus milestone is valid only for the first year since issuance. From year 2 onwards, this benefit drops off. Also, milestone calculation excludes Utility, Education, Wallet Load, Fuel, Online skill-based gaming, Insurance, Government and Rent spends effective 1 June 2025.

Annual Fees & Charges

• Joining Fee: ₹1,000 + GST (waived on ₹30,000 retail spend in first 90 days)
• Annual Fee: ₹1,000 + GST (waived on ₹1,00,000 retail spend in anniversary year)
• Renewal Fee: ₹1,000 + GST
• Forex Markup: 3.5% per foreign currency transaction
• Cash Withdrawal Fee: ₹500 per cash advance
• Card Replacement Fee: ₹100
• Reward Redemption Fee: ₹99 + GST per redemption request
• Fuel Surcharge: 1% (waived on ₹500–₹3,000 transactions, max ₹3,500/anniversary year)
• Railway Surcharge Waiver: Up to ₹500 per anniversary year

Data Verification

• Verification Tier: LIVE_VERIFIED
• Editorial Feeds: Kotak Mahindra Bank official website — Mojo Platinum features, fees, lounge program
• Last Status Update: July 4, 2026
• Key Revisions: Cashback revised from ₹0.25 to ₹0.10/RP and lounge spend gate of ₹75,000/quarter introduced effective 1 June 2025

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

Found a better deal or updated fees for this card? Help the community — share the latest data here.