By: OurMoneyGuide || Last updated on: April 30, 2024
Kotak Mojo Platinum Credit Card is a good card to get complimentary airport lounge access in India – 2 per quarter. You also get 1% cashback on online spends. It has an easy reward points redemption process, you can redeem your reward points for cashback.
The minimum income requirement is ₹4 lakhs per year. Kotak cards are available only in the following cities – Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai and Pune.
You get free visits to airport lounges in India, 8 times per year (maximum 2 times per quarter).
For list of lounges, please click here.
You earn 2.5 Mojo points worth ₹1, on every ₹100 you spend on online purchases.
1 Mojo point = ₹0.40 or 40 paise, and can be redeemed as cashback against your credit card statement, by calling the call center.. Minimum 2500 Mojo points are required for redemption.
You earn 1 Mojo point worth ₹0.40 or 40 paise, on every ₹100 you spend on all other purchases.
1 Mojo point = ₹0.40 or 40 paise, and can be redeemed as cashback against your credit card statement, by calling the call center.
Exceptions : You get no cashback on fuel spends and cash advances
You get 2500 Mojo points worth ₹1000 , when you spend ₹75000 or more on your card each quarter.
This benefit is valid only in the 1st year from card issuance date.
You get surcharge waiver for railway ticket bookings–
– 1.80% surcharge waiver for transactions made on the IRCTC website
– 2.50% surcharge waiver for transactions made at Indian railway booking counters
– Maximum waiver of ₹500 per year
You get 1% fuel surcharge waiver, only on fuel transactions between ₹500 and ₹3000. And only on yearly fuel purchases upto ₹3.50 lakhs per calendar year (since the maximum waiver amount is capped at ₹3500 per year).
Please click here to see all options on how to contact the bank.
SMS “KASSIST” to 5676788, and the bank will call back within two hours.
You get exclusive everyday special offers. These offers can be found on the official Kotak website and includes discounts, cashback, rewards, and other benefits across various categories such as dining, shopping, travel, and more.
| Annual fee | Annual fee offers | |
|---|---|---|
| 1st year joining fee | ₹1000 | Welcome offer : Joining fee is waived off, if you spend ₹30,000 or more within 90 days of card issuance. |
| Renewal fee from 2nd year onwards | ₹1000 | Renewal offer : Annual fee is not charged from the 2nd year onwards, if you spend ₹1 lakh or more in the previous year. |
Foreign currency mark-up fee
3.50% of the transaction amount. This fee is charged when you use your card outside India.
Interest Charges on outstanding Balances
3.50% per month (42% per annum)
Important note
– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– Please click here to view all fees & charges on this card
Some basic criteria is given below, there maybe additional requirements based on your profile, this is at the sole discretion of Kotak Mahindra Bank.
| Minimum age | Primary cardholders : 21 years Add-on cardholders : 18 years or above |
| Maximum age | 65 years |
| Minimum income | ₹4 lakhs per year |
| Other criteria | Regular source of income, good credit score preferably above 750 |
| Cities at which card is available | Card is only given at the following cities – Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai and Pune |
| Online application process | The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the Kotak Mahindra Bank website. You can also visit official website of the bank and fill out the application form. Steps – 1. Fill in the required details in the online application form, including personal and employment details, contact information, and income details. 2. Submit the application form along with the necessary documents such as identity proof, address proof, income proof and age proof. 3. Once your application is received, Kotak Mahindra Bank will review your application and verify the information provided. 4. Upon successful verification, you will receive a confirmation, and your Credit Card will be dispatched to your registered mailing address. |
| Offline (face to face) application process | Alternatively, you can also apply for the card by visiting the nearest Kotak Mahindra Bank branch, and submitting your application along with the necessary documents. To find the branch nearest to you, please visit here. |
| Tracking card application status | You can track your credit card application status by clicking here – Kotak Credit Card Application Status |
Common documents required to attain a credit card are as follows. Additional documents may be required on a case-to-case basis, this is at the sole discretion of Kotak Mahindra Bank.
| Required documents | For salaried employees : – Identification proof : Aadhaar card, PAN card, driving license, voter ID card, passport (any one) – Address proof : Utility bill, ration card, passport, driving license, voter ID card (any one) – Income proof : Salary slips, Form 16, income tax returns (any one) – Age proof : 10th standard school certificate, birth certificate, passport, voter ID card (any one) For self-employed professionals : – Identification proof : Aadhaar card, PAN card, driving license, voter ID card, passport (any one) – Address proof : Utility bill, ration card, passport, driving license, voter ID card , last two months’ bank statement (any one) – Income Proof : Income tax returns with computation of income, certified financial documents, proof of business continuity (any one) – Age proof : 10th standard school certificate, birth certificate, passport, voter ID card (any one) |
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