Kotak Mojo Platinum Credit Card
Kotak Mahindra Bank · Closed to new applicants
A closed Kotak rewards card: 2.5 Mojo points per ₹100 online and 1 per ₹100 elsewhere, 8 domestic lounge visits a year (₹75,000 of spend in the previous quarter unlocks 2 a quarter), and ₹1,000 fees that are waived at ₹1 lakh of yearly spend. Points are worth ₹0.25 on vouchers and ₹0.20 as cashback.
- Annual fee
- ₹1,000 + GST a year
- Joining fee
- ₹1,000 + GST
- Fee waiver
- Annual fee waived on ₹1,00,000 spend per card year
- Base rate
- 1 Mojo point per ₹100 on other spends: 1 Mojo Points per ₹100 (about 0.2% at cash value)
- Lounges
- Domestic: 2 visits a calendar quarter after ₹75,000 spend
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 2.5 Mojo points per ₹100 on online spends: 2.5 Mojo Points per ₹100 (about 0.5% at cash value)
- Utility and telecom bills online, up to ₹50,000 a statement: 2.5 Mojo Points per ₹100 (about 0.5% at cash value)
- Education online, up to ₹70,000 a statement: 2.5 Mojo Points per ₹100 (about 0.5% at cash value)
- Insurance online, up to ₹70,000 a statement: 2.5 Mojo Points per ₹100 (about 0.5% at cash value)
- Government online, up to ₹40,000 a statement: 2.5 Mojo Points per ₹100 (about 0.5% at cash value)
Earns nothing on
- No Mojo points on fuel, EMI and cash advances
- No Mojo points on wallet loads, rent and online skill-based gaming (from 1 Jun 2025)
Terms the calculator does not value
- The 10,000-point first-year quarterly milestone is entered as a welcome item that needs ₹3 lakh of spend in the first year; the real benefit pays 2,500 points for each quarter that reaches ₹75,000, so lower spenders get part of it.
- Utility, education, insurance and government points stop past a statement cap. The documents give the cap and not the rate that applies below it; the card's normal rates (2.5 online, 1 offline) are assumed.
- Points on education and insurance spend above the caps: the product page says "can be only earned … up to ₹70,000 per statement cycle each", and the MITC says no rewards above the threshold; both are modelled as nothing above the cap.
Sources
- Kotak Mojo Platinum Credit Card product page and its features, milestone, value chart, rewards redemption, eligibility and fees tabs (Product page, the bank's own, read 6 Nov 2026)
- Key Fact Statement, Mojo Platinum Credit Card (KFSMP12032026) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Kotak Mahindra Bank credit card MITC (updated 3 Nov 2026, KOTMITC/11/2026/Version 3) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- List of MCCs for the revisions in fees and features from 1 May 2025 (Reward terms, the bank's own, read 6 Nov 2026)