- Joining fee
₹1,000 + GST
- Annual fee
₹1,000 + GST
- Best suited for
Travel, Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
2.5 Mojo Points/₹100 Spent Online. 1 Mojo Point/₹100 Elsewhere
- Reward redemption
Mojo Points Can be Redeemed Against Various Categories at a Rate of 1 Mojo Point = ₹0.20
Benefits
- Domestic lounge
2 Complimentary Domestic Lounge Access Every Quarter on Spends of ₹75,000 in the Previous Quarter
- Insurance
Insurance cover worth Rs. 1.25 lakhs against unauthorized transactions on a lost/stolen card
Fees & charges
- Spend-based waiver
The joining fee is waived off on spending Rs. 30,000 or more within the first 90 days and the renewal fee is waived off on spending Rs. 1 lakh or more in the previous year.
- Rewards redemption fee
Nil
- Foreign currency markup
3.5%
- Interest rates
3.75% Per Month (45% Annually)
- Fuel surcharge waiver
You get a 1% fuel surcharge waiver across all fuel stations for all fuel transactions between Rs. 500 & Rs. 3,000
- Cash advance charges
2.5% or a Minimum of ₹500 (Whichever is Higher)
Product highlights
- Get 1 Mojo Point on every Rs. 100 you spend.
- Get 2.5x Mojo Points on online spends and 5x Mojo Points on KayMall spends.
- Mojo Points redeemable against the outstanding statement.
- Get complimentary domestic lounge access every year.
- Gift vouchers worth Rs. 1,000 on achieving the milestone spend.
- Spend-based joining and renewal fee waiver.
- Insurance cover against a lost/stolen card.
- Save more through fuel surcharge waiver & railway surcharge waiver.
FAQs
How to activate Kotak Mojo Credit Card?
You can activate your Kotak Mojo Credit Card easily by logging in to your internet banking account and adding your credit card details there. Another way to do it is to activate your card via an ATM. Just visit the nearest ATM to you, insert your card and find an option for card activation/PIN generation from the main menu.
What is the limit of Kotak Mojo Platinum Credit Card?
There is no fixed credit limit that is assigned to every Mojo Platinum Credit cardholder, but it can vary on the basis of different factors including your income, credit score, etc. However, you can always request a higher credit limit from your card issuer by contacting customer care.
Do the earned Mojo Points ever expire ?
Yes, the Mojo Points you earn using your Kotak Mojo Platinum Credit Card expire after 1 year from the date of accrual.
What is the maximum benefit I can get through the railway surcharge waiver on this card ?
The maximum benefit you can get through the railway surcharge waiver is capped at Rs. 500 per calendar year for the Kotak Mojo Platinum Credit Card.
Can I use the Mojo Points against my outstanding statement ?
Yes, you can redeem your earned Mojo Points against the outstanding statement at a rate of 1 Mojo Point = Re. 0.40.
What is the foreign currency markup fee on this card ?
The foreign currency markup fee on the Kotak Mojo Platinum Credit Card is 3.5% on all foreign currency spends.
Can I get the joining fee waived off for this card ?
Yes, you can get the joining fee waived off for your Kotak Mojo Platinum Credit Card by spending Rs. 30,000 or more within the first 90 days after the card set-up date.