Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The Kotak Mojo Platinum Credit Card by Kotak Mahindra Bank has been curated to balance your travel, rewards, and milestone benefits. Every swipe with this card will earn your reward points that can be redeemed later. The credit card comes at a joining fee of Rs.1,000.
| Mojo point benefits |
|
| Shop more earn more benefits | Every time you spend Rs 2,000 or more on KayMall, you earn 5 Mojo points for every Rs. 100. |
| Travel and airport lounge benefits | Get 8 free airport lounge access annually within India (2 visits per quarter). |
| Fuel surcharge benefits |
|
| Railway Surcharge Waiver |
|
| Items | Value |
|---|---|
| Monthly Spends | Rs.30,000 |
| Joining Fee | Rs.1,000 |
| Annual Fee | Rs.1,000 |
| Value Builders | |
| Mojo points value on Kaymall spends of Rs.15,000 | Rs.5,400 |
| Mojo points value on other online spends of Rs.20,000 | Rs.3,600 |
| Mojo points value on all other spends of Rs.15,000 | Rs.1,080 |
| Domestic Lounge access (if 5 visits used out of available 8 visits annually - 2 per qtr) | Rs.4,750 |
| Value of Quarterly Milestone for the first year | Rs.4,000 |
| Fuel surcharge waiver annual benefit | Rs.3,500 |
| Annual fees waiver benefit | Rs.1,000 |
| Joining fees waiver benefit | Rs.1,000 |
| Value delivered per annum | Rs.22,330 |
| Fee & other Parameters | Amount |
|---|---|
| Joining Fees | Rs.1,000 |
| Annual Fees | Rs.1,000 |
| Condition for waiver of Joining Fees | retail spends of Rs.30,000 in first 90 days |
| Condition for waiver of Annual Fees - First Year | Annual retail Spends of Rs.1 lakh |
| Condition for waiver of Annual Fees - Second Year | Annual retail Spends of Rs.1 lakh |
| Addon card Fees | Rs.299 |
| Interest Charges on outstanding Balances | 3.5% (Annualized 42%) |
| Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due) | MAD can be 5% or 10% of TAD as decided by the Bank |
| ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance per Rs. 10,000 or part thereof | Rs.300 |
| Late Payment Charges ("LPC") |
|
| Over Limit Charge | Rs.500 |
| Cheque Bounce Charges | Rs.500 |
| Foreign Currency Mark Up | 0.035 |
| Railway Booking Surcharge (1.8%/2.5% on transaction amount) | Waived |
| Fuel Surcharge (1% on transaction) | Waived |
| Fee for Cash payment at Bank | Rs.100 |
| Outstation Cheque Processing Fee | Waived |
| Reissue/ Replacement Card (per issuance) | Rs.100 |
| Charge Slip Request | Waived |
| Machine Surcharge at ATMs | Waived |
| Balance Enquiry Charges at Non-Parent Bank ATM | Waived |
| Duplicate Statement Request | Waived |
| Web Pay Service Fee | Waived |
| Furnishing a copy of Credit Information Report (CIBIL) | Rs.50 |
| Income proof (For self-employed) |
|
| Address proof (any one) |
|
| Income proof (For salaried) |
|
| Proof of Identity (any one) |
|
You can get 2 visits per quarter.
Yes, you can redeem them through cash, airline tickets, movie tickets, mobile recharge, or branded merchandise.
No, you will not earn reward points on your fuel expenses, but you will get a fuel surcharge waiver. Get You can 1% fuel surcharge waiver on transactions that range between Rs.500 and Rs.3,000. Get a maximum fuel waiver of Rs.3,500 in every calendar year.
Yes, you should book your tickets via to get the railways waiver.
Mojo points are valid for 1 year from the date of accrual.
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