Kotak Mojo Platinum Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Kotak Mojo Platinum Credit Card
Bank Name :
Kotak Mahindra Bank
Type :
Lifestyle Credit Card
Interest Rate :
Interest Rate: 3.5% per month, 42% per year
Eligibility :
Primary Credit Card holder should be in the age bracket of 21 to 65 years. Add-on Card holder should be 18 years and above
Location - Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai and Pune
Income - Rs. 4 lakh and above per annum
Should be a resident of India
Pros
Reward System: Customers get 5 Mojo points for every Rs.100 they spend on all KayMall spends(Cashback Rate: 2%), 2.5 Mojo points for every Rs.100 on other online spends (Cashback Rate: 1%), and 1 Mojo point for every Rs.100 on all other spends (Cashback Rate: 04%). 1 RP = 0.40 Paisa.
Travel Benefits: Customers get up to 8 free airport lounge access annually within India (2 visits per quarter).
Cons
Apart from online spends you only earn 1 mojo point on spending INR 100.
Limited number of premium features.
Card provides only basis value add features.
No welcome benefit
Pros & Cons
Welcome Benefits
Rewards System
Customers get 5 Mojo points for every Rs.100 they spend on all KayMall spends(Cashback Rate: 2%), 2.5 Mojo points for every Rs.100 on other online spends (Cashback Rate: 1%), and 1 Mojo point for every Rs.100 on all other spends (Cashback Rate: 04%).
1 RP = 0.40 Paisa.
International Forex Markup
Welcome Benefits and Reward System
Special Features
8 complimentary visits per year to airport lounges within India (both domestic and international terminals) Maximum 2 visits can be availed per quarter.
Eligibility Criteria
Primary Credit Card holder should be in the age bracket of 21 to 65 years. Add-on Card holder should be 18 years and above
Location - Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai and Pune
Income - Rs. 4 lakh and above per annum
Should be a resident of India
Benefits
2.5X Mojo Points on Online Spends: Earn 2.5 points for every Rs. 100 spent on any online transaction, giving you substantial points accumulation for your everyday online purchases.
1 Mojo Point per Rs. 100 on Other Spends: You still earn rewards even on offline transactions, gaining 1 point for every Rs. 100 spent.
Airport Lounge Access: Enjoy complimentary access to domestic and international airport lounges through Priority Pass, making your travel experience more relaxing and enjoyable.
Railway Surcharge Waiver: Save up to 2.5% on railway ticketing surcharge when booking through the Indian Railways website or counters.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online Visit the Kotak Mahindra Bank website and click on the "Credit Cards" tab.
Select the "Mojo Platinum Credit Card" and click on the "Apply Now" button.
Fill in the application form with your personal and financial details.
Upload the required documents, such as your PAN card, Aadhar card, and income proof.
Review and submit your application.
Contact Details
1860 266 2666
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Reward System: Customers get 5 Mojo points for every Rs.100 they spend on all KayMall spends(Cashback Rate: 2%), 2.5 Mojo points for every Rs.100 on other online spends (Cashback Rate: 1%), and 1 Mojo point for every Rs.100 on all other spends (Cashback Rate: 04%). 1 RP = 0.40 Paisa.
Travel Benefits: Customers get up to 8 free airport lounge access annually within India (2 visits per quarter).
Apart from online spends you only earn 1 mojo point on spending INR 100.
Limited number of premium features.
Card provides only basis value add features.
No welcome benefit
Kotak Mojo Platinum Credit Card
The Kotak Mojo Platinum is an affordable credit card that rewards you for almost all your spending. The Mojo Points you earn using this card can be advantageous as you can redeem them against the outstanding statement at a rate of 1 Mojo Point = Re. 0.40. You can save amazingly with this card as you get a spend-based joining & renewal fee waiver through which you can make your card free to have. Moreover, the gift vouchers you earn under the milestone program allow you to save even more. With all its reward offers, travel benefits, and saving opportunities, the Kotak Mojo Platinum Credit Card can be considered a great choice for everyone who is looking for such a credit card. However, if you are looking for a similar card with a slightly lower annual fee and basic features, you can check out other cards
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee of INR 500.
Annual fee of INR 500.
Cash withdrawal charges 2.5% of amount withdrawn or Rs. 500 whichever is higher.
Late payment charges - Upto ` 100- Rs. 0/- > ` 100 to `500- Rs. 100/- > ` 500 to `5,000- Rs. 500/- > ` 5,000 to `10,000- Rs. 600/- More than ` 10,000- Rs. 750/-.
Redemption Fee Rs. 99/- per redemption request.
Charges on over limit account - 2.5% of the over limit amount, subject to a minimum of `500/- EMI Processing charges : 2.5% of loan amount subject to minimum of Rs. 500.
Bank Charges Cross Currency markup of 2.5% on the transaction value.
Fuel Surcharge
1% Fuel Surcharge Waiver.
Billing Cycle
1 Month