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

Verified

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

How to avoid the annual fee

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

Annual fee is ₹1,000. The issuer doesn't publish a documented cash value for its reward points, so a reliable rewards break-even estimate can't be shown.

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

Point value

Not published by issuer — varies by redemption

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.
  • We can estimate the points earned, but not a verified ₹ value yet.
  • 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 · verified 6 Jul 2026 Condition: ₹75,000 spend in the previous calendar quarter (unlocks the following quarter)

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
  • Kotak official page
  • PaisaBazaar
  • BankBazaar
  • Operator-verified anchor
International (cardholder)
Not included on base card No international lounge access.

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
  • Kotak official page
  • PaisaBazaar
  • BankBazaar
  • Operator-verified anchor
Guest access
Guests: paid access

Rewards

Base earn
1 points per ₹100 value depends on redemption
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
Late-payment charge
₹100–₹1,200 depending on outstanding balance Exact charge depends on your outstanding balance per issuer tiers.

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
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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 6 Sept 2026 moneymatters.cards 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.

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