KOTAK

Mojo Platinum Credit Card

Good for lounge, movie and lifestyle benefits if you can meet the spend requirements.

Should you get this?

Conditional fit

Some details need issuer confirmation

Why this card

  • Up to 2.5 pts / ₹100 on online spend
  • 2 per quarter domestic lounge.
  • You spend on online shopping.
Issuer evidence · 4 sources →

Trade-off

The annual fee (₹1,000) is waived only when eligible annual spend exceeds ₹1,00,000.

Annual fee ₹1,000 per year
Rewards 1 pt / ₹100
Lounge access 2 per quarter · ₹75,000 spend in the previous calendar quarter
Forex markup 3.5% high
Compare with Axis Bank IndianOil Axis Bank Premium RuPay →

Similar tier comparison

Rewards

Earning rules

Detail · from the summary above
ScopeRateEligibilityLimit
General spend1 pt / ₹100Credited as reward points—
Online shopping2.5 pts / ₹100Credited as reward points · online only—
Education1 pt / ₹100Credited as reward pointsEligible spend capped at ₹70,000 per statement cycle
Government services1 pt / ₹100Credited as reward pointsEligible spend capped at ₹40,000 per statement cycle
Show all 6 earning rules (2 more)
Insurance1 pt / ₹100Credited as reward pointsEligible spend capped at ₹70,000 per statement cycle
Utilities1 pt / ₹100Credited as reward pointsEligible spend capped at ₹50,000 per statement cycle

Redemption value

What a Reward Point is worth

  1. Catalogue₹0.25 / pt
  2. Cash redemption value₹0.20 per Reward Point

How to avoid the annual fee

Spend threshold for waiver
Above ₹1L annual eligible spend required for the waiver

Above ₹1L eligible annual spend waives the fee

Reward reality — the earning-rate detail behind the numbers above

Reward reality

Conclusion · what you actually get

Eligible spend

1 points per ₹100 on eligible spend

Verified value

₹0.25 per point

Catalogue

Ranking floor

₹0.2 per point

(conservative floor)

₹0.25 per point (best documented)

Caps

  • EducationEligible spend capped at ₹70,000 per statement cycle
  • Government servicesEligible spend capped at ₹40,000 per statement cycle
  • InsuranceEligible spend capped at ₹70,000 per statement cycle
View full earning rules →

Realisation

Credited as reward points

Costs & fees

Spending requirements

Spend gates · caps · milestone thresholds
RequirementAmountPeriodUnlocks
Annual fee waiver₹1,00,000yearAnnual fee waiver
Domestic lounge spend gate₹75,000quarterLounge eligibility

Watch outs

Before choosing this card
  • Forex markup is 3.5%, so frequent international spends may be costly.

Estimated usage

Example usage at this monthly spend

₹
  • At this monthly spend, you'd earn: Based on the standard earn rate (1 pt / ₹100). Up to ~500 pts/month if the entire spend qualifies. Excluded transactions and category rules earn less. Partner bonuses aren't included.
  • Worth ~₹100 at the conservative redemption floor
  • Fee waiver achievable at this spend
  • Forex cost ~₹1,750 per ₹50k international spend

Illustrative only, using current base rates and snapshot data.

Benefits & charges

Side-by-side facts
Benefits

Lounge Access

Domestic (cardholder)
2 per quarter Condition: ₹75,000 spend in the previous calendar quarter (unlocks the following quarter)
International (cardholder)
Not included on base card No international lounge access.
Guest access
Guests: paid access

Rewards

Base earn
1 points per ₹100 value depends on redemption
Effective return (honest floor)
~0.2% base at the cash-redemption floor; up to ~0.25% through documented catalogue/shopping redemption Conservative redemption floor; best documented path is not ranked on.
Headline point value
₹0.25 per Reward Point (Catalogue) Issuer headline channel — full channel grid in Redemption value.
Fees & charges

Fees

Annual fee
₹1,000
Joining fee
₹1,000 · verified 4 Jul 2026
Fee waiver spend
Above ₹1,00,000 · verified 3 Sept 2026 Annual fee waived on eligible anniversary-year spend above ₹1,00,000.
Interest-free period
Up to 51 days · verified 7 Jul 2026

International Use

Forex markup
3.5%

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
Product tier
Mid-tier

Travel & perks

Fuel Benefits

At the pump
  • 1% fuel surcharge waived on transactions ₹500–₹5,000.
  • Fuel-surcharge waiver capped at ₹3,500 per anniversary year.
  • Fuel transactions do not earn reward points.

Fine print & compare

Compare with similar cards

Similar tier · similar benefits
SIDE BY SIDE
Kotak Mahindra Bank Mojo Platinum
vs
Axis Bank IndianOil Axis Bank Premium RuPay
SIDE BY SIDE
Kotak Mahindra Bank Mojo Platinum
vs
HDFC Bank Tata Neu Infinity RuPay
SIDE BY SIDE
Kotak Mahindra Bank Mojo Platinum
vs
ICICI Bank MakeMyTrip
SIDE BY SIDE
Kotak Mahindra Bank Mojo Platinum
vs
SBI Card PhonePe SBI SELECT BLACK

The fine print

Caps · exclusions · earning · redemption · last refresh

Caps & limits

  • Education cap: Eligible spend capped at ₹70,000 per statement cycle.
  • Government services cap: Eligible spend capped at ₹40,000 per statement cycle.
  • Insurance cap: Eligible spend capped at ₹70,000 per statement cycle.
  • Utilities cap: Eligible spend capped at ₹50,000 per statement cycle.
  • After the Education cap is reached, further spending in that lane earns no rewards.
  • After the Government services cap is reached, further spending in that lane earns no rewards.
  • After the Insurance cap is reached, further spending in that lane earns no rewards.
  • After the Utilities cap is reached, further spending in that lane earns no rewards.
Exclusions: 6

These spends do not earn reward points.

Payments

  • Rent
  • Education
  • Government payments

Financial

  • Insurance premiums

Utilities

  • Utilities

Other

  • Fees/charges

Latest update

  • Annual fee: ₹1,000.
  • Forex markup currently listed at 3.5%.
  • 2 per quarter domestic lounge · ₹75,000 spend in the previous calendar quarter.

Common questions

From verified card facts

Is this good for lounge access?

2 per quarter domestic lounge. Check current spend criteria, guest rules, visit caps, and airport acceptance before relying on it.

Is this good for international spends?

Forex markup is 3.5%, so frequent international spends may be costly.

Is the annual fee easy to recover?

Fee waiver applies above ₹1,00,000 annual spend. Verify eligible spend exclusions before counting on it.

Learn

Learn more

Guides matched to this card — not a random syllabus.

All guides →
Last refreshed 2 Oct 2026 moneymatters.cards Privacy Change look saved in this browser only
Important

Data compiled from issuer and public information. Details may change — verify with issuer. Reference data, not financial advice.

Money Matters is an independent comparison and information service. It is not affiliated with, sponsored by, or endorsed by any bank or card issuer. Card and issuer names are trademarks of their respective owners and are used here only to identify the products being compared.