Kotak Essentia Platinum Credit Card
Kotak Mahindra Bank · Closed to new applicants
A discontinued Visa Platinum card for everyday shopping: 10 Saving Points per ₹100 at departmental and grocery stores (up to 500 points a cycle) and 1 Saving Point per ₹250 on everything else.
- Annual fee
- ₹749 + GST a year
- Joining fee
- ₹1,499 + GST
- Base rate
- 1 Saving Point per ₹250 on other spends: 1 Saving Points per ₹250 (about 0.28% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 10 Saving Points per ₹100 at departmental and grocery stores: 10 Saving Points per ₹100 (about 7% at cash value)
Earns nothing on
- No Saving Points on fuel, rent, wallet loads, education, government, insurance and online skill-based gaming
- No Saving Points on EMI transactions and cash advances
Where the sources disagree
- 500-point cap period: The product page says "per billing cycle", its features sub-page says "for a month"; we use the MITC's "billing cycle".
Terms the calculator does not value
- Points apply only to transactions between ₹1,500 and ₹4,000 at departmental and grocery stores; larger single payments earn the base rate only. The calculator applies the minimum but not the ₹4,000 maximum.
- The PVR milestone is valued at Kotak's own ₹250 a ticket; the alternative of 1,200 Reward Points a half-year is not valued separately.
Sources
- Kotak Mahindra Bank credit card MITC and Cardholder Agreement (PDF created 30 Oct 2026, read 6 Nov 2026) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Essentia Platinum Credit Card (Discontinued) - features (Product page, the bank's own, read 6 Nov 2026)
- Essentia Platinum Credit Card - fees and charges (Product page, the bank's own, read 6 Nov 2026)
- Essentia Platinum Credit Card - eligibility (Product page, the bank's own, read 6 Nov 2026)
- Essentia Platinum Credit Card - value chart (Product page, the bank's own, read 6 Nov 2026)