The verdict
A solid everyday card for digital shoppers who want dependable domestic lounge access. Spending ₹1 Lakh a year waives the ₹1,000 fee, while consistent ₹1 Lakh quarterly spends yield 10,000 bonus Mojo points worth ₹4,000 in flight bookings on top of regular 2.0% online earnings.
Spending ₹1 Lakh per quarter (₹4 Lakhs/yr online) waives the ₹1,000 fee, earns 20,000 regular Mojo points + 10,000 milestone Mojo points = 30,000 Mojo points (worth ₹12,000 in flight tickets, a 3.0% net return) plus 8 airport lounges.
For spenders primarily purchasing groceries and utility bills, category-specific 5% cashback cards offer higher monthly cash yields.
✓What works
- +5 Mojo Points per ₹100 on all online e-commerce transactions (2.0% flight reward rate).
- +8 complimentary domestic airport lounges per year (2 per quarter) via DreamFolks.
- +2,500 bonus Mojo points every quarter on spending ₹1 Lakh (up to 10,000 bonus points/yr).
- +Annual fee of ₹1,000 + GST is completely waived on spending ₹1 Lakh in a year.
✕What doesn't
- −Base reward rate on offline retail is 1.0% (2.5 Mojo points per ₹100).
- −No complimentary international airport lounge access.
- −Cashback statement credit redemption rate is lower (₹0.25 vs ₹0.40 flight booking).
What it earns
1 Mojo Point = ₹0.40 on flight/hotel bookings or ₹0.25 for statement cashback.
| Category | Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| All Online E-Commerce Spends | 2.0% (5 Mojo / ₹100) | Uncapped | 5,000 Mojo Pts (₹2,000 flight value) |
| All Other Offline Spends | 1.0% (2.5 Mojo / ₹100) | Uncapped | 2,500 Mojo Pts (₹1,000 flight value) |
| Fuel & Rent | 0% | Excluded | 0 Mojo Pts |
Accelerated earn
5 Mojo Points Online & 2,500 Quarterly Bonus Points
Earn quarterly bonuses by hitting spend milestones.
| Category / Channel | Multiplier Rate | Monthly Cap | Cap / Condition |
|---|---|---|---|
| Quarterly Spend Milestone (₹1 Lakh spend)Worth ₹1,000 per quarter (10k pts/yr = ₹4k). | Milestone · 2,500 Bonus Mojo Pts | 2,500 pts / qtr | — |
| Online Retail Spends5 Mojo points per ₹100 spent. | 2× · 2.0% | Uncapped | — |
Redemption options
Redeem Mojo points on Kotak travel portal for flights and hotels at 1 Mojo = ₹0.40.
| Redemption Channel | Value Per Point | Minimum | Ceiling / Limits | Fee |
|---|---|---|---|---|
| Flight & Hotel BookingsBEST VALUE | ₹0.40 / Mojo Pt | 1,000 pts | None | Nil |
| Statement Credit (Cashback) | ₹0.25 / Mojo Pt | 1,000 pts | None | Nil |
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +8 complimentary domestic airport lounges per year (2 per quarter).
- +Online retail transactions across all merchant websites.
- +DreamFolks lounge access network across Indian airports.
✕Excluded Spends & Fee Traps
- −Rent payments.
- −Fuel transactions (1% surcharge waiver on ₹500–₹3,000).
- −Wallet load transactions.
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining Fee | ₹1,000 + GST |
| Annual Renewal Fee | ₹1,000 + GST (Waived at ₹1,00,000 spend) |
| Forex Markup | 3.5% + GST |
| Finance Charges | 3.5% / month (42.0% / year) |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Age | 21–65 years |
| Salaried Income | ₹40,000+ monthly net salary |
| Self-Employed Income | ITR above ₹5.0 Lakhs per annum |
Frequently Asked Questions
Does Kotak Mojo Platinum Credit Card offer airport lounge access?
What are the MITC charges, annual fees, and interest rates for Kotak Mojo Platinum Credit Card?
What is the reward rate and point redemption value on Kotak Mojo Platinum Credit Card?
Which transactions are excluded from earning rewards on Kotak Mojo Platinum Credit Card?
Who is Kotak Mojo Platinum Credit Card best suited for in 2026?
Editorial Deep-Dive Analysis
Comprehensive Overview: Kotak Mojo Platinum Credit Card
The Kotak Mojo Platinum Credit Card is a versatile digital lifestyle and travel credit card issued by Kotak Mahindra Bank on the Visa platform. Carrying an annual fee of ₹1,000 + GST with a fee waiver upon spending ₹1,00,000 in a year, it is tailored for frequent e-commerce shoppers who desire complimentary domestic airport lounge access and structured quarterly milestone rewards.
The card’s primary value proposition centers on accelerated digital rewards: cardholders earn 5 Mojo Points per ₹100 spent across all online shopping merchants (a 2.0% return when redeemed for flights and hotels at 1 Mojo Point = ₹0.40). Coupled with 8 complimentary domestic airport lounge visits annually via DreamFolks and 2,500 bonus quarterly milestone Mojo points (up to 10,000 bonus points annually), it delivers solid mid-tier travel yield. The card is currently discontinued for fresh standalone applications, with existing cardholders retaining full ongoing privileges.
Key Privileges and Practical Everyday Benefits
- Accelerated Online E-Commerce Rewards: Earn 5 Mojo Points per ₹100 spent (2.0% flight booking return) on all online retail transactions across e-commerce platforms, food delivery apps, and digital services with zero merchant restrictions.
- Domestic Airport Lounge Access: Receive 2 complimentary domestic airport lounge visits per calendar quarter (up to 8 visits per year) via the DreamFolks lounge access network across Indian airports.
- Quarterly Milestone Bonus: Achieve ₹1,00,000 in retail spending within a calendar quarter to earn 2,500 bonus Mojo points (worth ₹1,000 in travel bookings), totaling up to 10,000 bonus points (₹4,000 value) annually.
- General Offline Retail Earnings: Earn 2.5 Mojo Points per ₹100 spent (1.0% travel return) on regular offline point-of-sale retail transactions.
- Flexible Flight & Hotel Redemption: Redeem Mojo points directly on the Kotak Rewards travel portal for flights and hotels at a preferential valuation of 1 Mojo Point = ₹0.40 (or ₹0.25 for statement cashback).
- Annual Fee Waiver: The ₹1,000 annual renewal fee is completely waived upon achieving ₹1,00,000 in retail spending during the preceding anniversary year.
Important Terms and Spend Conditions to Keep in Mind
- Differential Redemption Values: Mojo points convert at ₹0.40 per point when redeemed for flights and hotels, but drop to ₹0.25 per point if chosen for direct statement cashback.
- Discontinued for Fresh Applicants: Kotak Mahindra Bank no longer issues new Kotak Mojo cards; existing cardholders continue to be serviced under their original agreement.
- No International Lounges: Complimentary lounge access is restricted to participating domestic airport terminals; international lounges require separate payment.
- Transaction Exclusions: Fuel transactions, ATM cash withdrawals, wallet reloads, and rental payments do not earn Mojo points or count toward quarterly milestone targets.
- Revolving Credit Interest: Unpaid statement balances incur finance charges of 3.50% per month (42.0% per annum).
Who Benefits Most
- Existing Kotak Mojo Cardholders: Digital shoppers who route high online expenditures through the card to hit quarterly ₹1 Lakh milestones.
- Domestic Business Travelers: Frequent flyers who maximize 8 annual domestic airport lounge visits while earning flight credits.
- Online E-Commerce Spenders: Shoppers who prefer an open digital reward rate over restrictive brand-locked merchant cards.
- https://www.kotak.bank.in/en/personal-banking/cards/credit-cards/mojo-platinum-credit-card.html
- https://www.kotak.bank.in/content/dam/Kotak/customer-service/general-banking/cards/credit-cards/mitc.pdf
- Kotak Mahindra Bank — Mojo Platinum Credit Card schedule of charges
- Kotak Rewards & DreamFolks — Mojo points and lounge access terms
Independent Editorial & Statutory Disclaimers
Institutional Transparency & Nominative Fair Use Statement
CredSutra operates as an independent credit card discovery and consumer intelligence engine. CredSutra is NOT a bank, Non-Banking Financial Company (NBFC), Direct Selling Agent (DSA), or Lending Service Provider (LSP).