Which card has a lower forex fee: Kotak Mojo Platinum Credit Card or PhonePe SBI SELECT BLACK Credit Card?

Both cards have the same forex markup (3.5%).

Which card has a lower annual fee: Kotak Mojo Platinum Credit Card or PhonePe SBI SELECT BLACK Credit Card?

Kotak Mojo Platinum Credit Card has a lower annual fee (₹1,000 annual fee vs ₹1,499 annual fee).

Which card offers better lounge access?

Kotak Mojo Platinum Credit Card: 2 per quarter domestic lounge. PhonePe SBI SELECT BLACK Credit Card: 1 per quarter domestic + 4 per year international.

Which card has a higher base reward rate?

PhonePe SBI SELECT BLACK Credit Card has higher conservative base reward value (~1% vs ~0.2%).

Pairwise comparison Compare 3+ cards →

Kotak Mahindra Bank Mojo Platinum vs SBI Card PhonePe SBI SELECT BLACK Credit Cards – Fees, Lounge, Forex

Side-by-side comparison of the Kotak Mahindra Bank Mojo Platinum and the SBI Card PhonePe SBI SELECT BLACK. Verify fees, lounge access, forex markup, and base rewards before you apply.

Mojo Platinum

PhonePe SBI SELECT BLACK

The short answer

Verdict

Pick Mojo Platinum for lounge access.

Pick PhonePe SBI SELECT BLACK for rewards and upi.

Head-to-head

Three core metrics

Annual fee

Mojo Platinum ₹1,000 Waivable at ₹1,00,000 spend

PhonePe SBI SELECT BLACK ₹1,499 Waivable at ₹3,00,000 spend

Mojo Platinum saves ₹499/yr
Forex markup

Mojo Platinum 3.5%

PhonePe SBI SELECT BLACK 3.5%
Domestic lounge

Mojo Platinum 8/year (2 per quarter) Conditional · Domestic: 2/quarter · requires ₹75,000 spend in the previous calendar quarter (unlocks the following quarter)

PhonePe SBI SELECT BLACK 4/year (1 per quarter)

Mojo Platinum: +4 lounge visits/yr

Reward earning explained

Per card

Mojo Platinum

1 pt / ₹100 · Up to 2.5 pts / ₹100 on online spend

Strong data

PhonePe SBI SELECT BLACK

1 pt / ₹100

Strong data

Pick based on what matters

4 dimensions

Start with the constraint you care about most: annual fee (Kotak Mahindra Bank Mojo Platinum: ₹1,000 vs SBI Card PhonePe SBI SELECT BLACK: ₹1,499), forex markup (3.5% vs 3.5%), or lounge access (8/year (2 per quarter) vs 4/year (1 per quarter)).

Forex markup Tie

Both cards are similar for forex

Forex markup is 3.5%.
Lounge access Kotak Mahindra Bank Mojo Platinum wins

Kotak Mahindra Bank Mojo Platinum is better for lounge access

Kotak Mahindra Bank Mojo Platinum is stronger here. Domestic lounge access is 2 per quarter.
Rewards SBI Card PhonePe SBI SELECT BLACK wins

SBI Card PhonePe SBI SELECT BLACK is better for rewards

SBI Card PhonePe SBI SELECT BLACK is stronger here. SBI Card PhonePe SBI SELECT BLACK conservative base value ~1% vs Kotak Mahindra Bank Mojo Platinum's ~0.2%.
upi SBI Card PhonePe SBI SELECT BLACK wins

SBI Card PhonePe SBI SELECT BLACK is better for UPI usage

SBI Card PhonePe SBI SELECT BLACK is stronger here. Supports UPI via RuPay network.

All fields

Standard view

Example usage at this monthly spend

At ₹50k/month spend:

PhonePe SBI SELECT BLACK: ~₹500/month at base rate
Kotak Mojo Platinum: ~₹100/month at base rate

Illustrative only, using current base rates before caps.

Field	Mojo Platinum Kotak Mahindra Bank	PhonePe SBI SELECT BLACK SBI Card
Lounge Access
Domestic lounge visits spend-gated on some cards — see caveats 8/year (2 per quarter) vs 4/year (1 per quarter)	8/year (2 per quarter)	4/year (1 per quarter)
International lounge visits Not included vs 4 per year	No international lounge access	4 per year
Forex / International Use
Forex markup	3.5%	3.5%
Fees
Recurring annual fee ₹1,000 vs ₹1,499	₹1,000	₹1,499
Annual-fee waiver ₹1,00,000 vs ₹3,00,000	₹1,00,000	₹3,00,000
Interest-free period Up to 51 days vs Up to 50 days	Up to 51 days	Up to 50 days
Monthly interest rate Only available for PhonePe SBI SELECT BLACK	Not specified	3.75% / month
Late-payment charge Only available for Kotak Mojo Platinum	₹100–₹1,200 depending on outstanding balance	Not specified
Fuel benefit 1% surcharge waiver · ₹500–₹5,000 transactions · ₹3,500/year waiver cap · Fuel rewards excluded vs 1% surcharge waiver · ₹500–₹4,000 transactions · ₹250/month waiver cap · Fuel rewards excluded	1% surcharge waiver · ₹500–₹5,000 transactions · ₹3,500/year waiver cap · Fuel rewards excluded	1% surcharge waiver · ₹500–₹4,000 transactions · ₹250/month waiver cap · Fuel rewards excluded
Rewards
Points per ₹100 Some reward lanes are unsupported — base rate only for comparison.	1 pt / ₹100	1 pt / ₹100
Conservative base value ~0.2% vs ~1%	~0.2%	~1%
Earn ceiling Eligible spend capped at ₹70,000 per statement cycle vs 1,500 points per month; at 10 pts / ₹100, this lane reaches the cap at ₹15,000 of eligible spend	Eligible spend capped at ₹70,000 per statement cycle	1,500 points per month; at 10 pts / ₹100, this lane reaches the cap at ₹15,000 of eligible spend
Point validity Only available for PhonePe SBI SELECT BLACK	Not specified	2 years

Notes

Kotak Mojo Platinum Credit Card: Condition: ₹75,000 spend in the previous calendar quarter (unlocks the following quarter)
Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.

Kotak Mahindra Bank Mojo Platinum

Verify with issuer

SBI Card PhonePe SBI SELECT BLACK

Verify with issuer