Kotak Mojo Platinum Credit card Review -Credit card made for Key Mall shopper.

By | August 18, 2021

Kotak Mojo Platinum Credit card is co branded credit card. Kotak Credit is the worst credit card provider in india and Mojo is the Online Pizza delivery provider. The regular rewards rate is only 0.25%. Here is the details review about this credit card.

Table of Contents

  1. Kotak Mojo Platinum Credit card Charges
  2. Kotak mojo credit card benefits
  3. Complimentary Lounge Access
  4. Other Benefits
  5. Eligibility Criteria
  6. Best Alternative of Mojo Credit Card
  7. Kotak mojo credit card vs Royale signature
  8. Kotak mojo credit card vs league-platinum
Kotak Mojo Platinum Credit card
Kotak Mojo Platinum Credit card

Kotak Mojo Platinum Credit card Charges

Types of ChargesAmount
Joining FeesRs.1,000
Annual FeesRs.1,000
Addon card FeesRs.299
Finance Charges3.5% (Annualized 42%)
Late Payment ChargesMax Rs.700
Over Limit ChargeRs.500
Foreign Currency Mark Up3.5%
Fuel Surcharge (1% on transaction)Nil
Fee for Cash payment at BankRs.100
Kotak mojo card charges Tables

Joining fees shall be waived off if you spend Rs.30,000 in retail within 90 days, and Annual shall be waived off if Annual retail Spends is more than Rs.1,00,000/-. The charges waive off condition is very straightforward and easy.

Kotak mojo credit card benefits

Below are summary of benefits, you will get on Mojo Platinum Credit card

Types of SpendsMojo Points EarnedMinimum Transaction ValueMaximum Mojo Points that can be Earned
KayMall Spends5 Mojo points for every Rs.100 spending.(1.25%) Rs.2,000750
Online Spends2.5 Mojo points for every Rs.100 spending (0.625%) Rs. 2,000750
All Other Spends (except fuel & cash withdrawal)1 Mojo points for every Rs.100 spending (0.25%) Nil750
Kotak Mojo Rewards Point Table

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The rewards structure of Kotak Mojo Platinum Credit card is terrible like any other Kotak Credit card. Even the Newly launched Kotak Zen Signature Credit Card has a better rewards rate than this card.

KayMall Spends and Online Spends, you need to spend at least Rs.2,000/-, i.e., Minimum Transaction value should be Rs.2000 For earning 5 and 2.5 Mojo Points on.

You can earn up to 750 Mojo points in a billing cycle for all KayMall spends and online spends

Here is important you should remember if you hold Mojo Credit card.

  • You can not accumulate more than 2250 Mojo Points in a billing cycle
  • You need at least 2500 Mojo points for redemption
  • Mojo point can be  redeem as statement credit
  • 1 Mojo Point= Rs. 0.25ps

Milestone Gift

  • Gift Voucher : You can get  Rs.1,000 Gift Voucher if your spending is more than Rs.1,00,00 or more in a Quarter.
  • Voucher Value : Rs.1,000
  • Applicable Period : Quarterly( for the 1st year only)
  • Check Other Terms and Conditions

Gift voucher will be shared on the registered email ID for  your card account, within 30 days of achieving the milestone.

Complimentary Lounge Access

Kotak Mojo Platinum Credit card also gives you domestics Airport Lounge access benefits. Here are the details.

  • International Lounge Access: Not Available
  • Domestic Lounge Access: 8 complimentary Airport Lounge Access (2 visits per quarter).

Other Benefits of Kotak Mojo Credit Card

Below are additional benefits if mojo Card

Fuel Surcharge Waiver

  • 1% fuel surcharge waiver 
  • The transaction should be between Rs.500 and Rs.3,000. 
  • Maximum fuel surcharge waiver of Rs.3,500 in each calendar year.
  • Fuel transactions are not eligible to earn any Mojo points.

Railway Surcharge Waiver

  • Online Transaction : 1.8% surcharge waiver
  • Railways Booking Counters : 2.5% surcharge waiver

Priority attend

  • We value your time. Instead of you trying to reach us, we will reach you.
  • SMS “KASSIST” to 5676788 and we will call back within two hours
  • We make it easy for you to pay your monthly dues.
  • Call for complimentary cheque pickup

Eligibility Criteria

  • Primary Credit cardholders should be in the age bracket of 21 to 65 years. Add-on Cardholder should be 18 years and above
  • Location – Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, and Pune
  • Income – Rs. 4 lakh and above per annum
  • Should be a resident of India

Best Alternative of Mojo Credit Card

Kotak Mojo Credit card is one of the unique credit card issued by Kotak Mahindra Bank for KeyMall lovers. However if we search best alternative of Mojo Credit card, then these two credit card can be best in this segment.

  • Kotak Royale signature Credit card and
  • Kotak league platinum Credit Card

Here are the details comparison of above credit card with Mojo Credit card.

Kotak mojo credit card vs Royale signature

TYPESKotak Mojo Platinum Credit cardKotak NRI Royale Signature Credit Card
JoiningRs. 1,000 (Waived off on Rs.30K Spends)Nil
RenewalRs. 1,000 ( Waived off on Rs.1 Lakh Spends in previous year) Rs.1,000 ( Can not be waived off)
Welcome Benefits NoneNone
Accelerated rewards(A). 5 Mojo points for every Rs.100 spending.(1.25%) on KeyMall Spends.

(B). 2.5 Mojo points for every Rs.100 spending (0.625%) on all other online spends
Earn 2X rewards on spends outside India (1%)
Regular rewards 1 Mojo points for every Rs.100 spending (0.25%) Earn 1 reward point for every Rs. 200/- spent within India (0.50%)
FulfillmentCan be redeem as Statement Credit Can be redeem as Statement Credit
Airport Lounge Access8 domestic airport lounge access per year ( 2 Per Quarter) 8 domestic airport lounge access per year

It is evident from above comparison table that Kotak mojo credit card win over Kotak NRI Royale Signature Credit Card in terms of Rewards and Benefits.

Kotak mojo credit card vs league platinum

TYPESKotak Mojo Platinum Credit cardLeague Platinum Card
JoiningRs. 1,000 (Waived off on Rs.30K Spends)Rs.500/Nil
RenewalRs. 1,000 ( Waived off on Rs.1 Lakh Spends in previous year) Rs.499 (Minimum retail spends of Rs.50,000 in a year)
Welcome Benefits NoneVoucher worth Rs.500
Accelerated rewards(A). 5 Mojo points for every Rs.100 spending.(1.25%) on KeyMall Spends.

(B). 2.5 Mojo points for every Rs.100 spending (0.625%) on all other online spends
Regular rewards 1 Mojo points for every Rs.100 spending (0.25%) 8X reward points on every Rs. 150 spent across all spend
FulfillmentCan be redeem as Statement Credit Can be redeem as Statement Credit and Book My Show
Airport Lounge Access8 domestic airport lounge access per year ( 2 Per Quarter) None

From the above table also, we can say that Kotak Mojo Platinum Credit card is better than league platinum.

Kotak mojo credit card Credit Limit

Credit Limit will depends on you credit history, CIBIL Score, Annual Income. Normally mojo platinum Credit limit start from Rs.80,000 to Rs.5,00,000.

How to Check kotak mojo credit card application status

There is link on Kotak Bank website, where you can Kotak Mojo Application status. You need to select Product types, give application number or From number for search. Here is the link for application status.

Should you have mojo credit card in your wallets ?

If you are frequent online shopper Kotak Key Mall hen Kotak Mojo Platinum Credit Card can be a good choice for you, otherwise not.

Bottom-line

Kotak Mojo Platinum Credit card Review
Kotak Mojo Platinum Credit card

Kotak Mojo Platinum Credit card rewards structure is very bad. The Default rewards rate is only 0.25% if you redeemed rewards points into cash. Even Entry-level credit cards like OneCard- The Best Metal Credit card in India and Axis Bank ACE Credit card far better than this card. Better to avoid Kotak Mojo Platinum Credit card.

Editor's Rating:
2.5

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Avatar of Dhiraj Jha
Author: Dhiraj Jha

I love to acquire, review, and earn reward points/cashback from Credit Cards for free traveling and enjoying luxury hotels. Helping people about the benefits and optimal utilization of credit cards.

One thought on “Kotak Mojo Platinum Credit card Review -Credit card made for Key Mall shopper.

  1. Avatar of vivekvivek

    धीरज सर, आप Content बहुत अच्छा लिखते हैं, सर , मैं एक नया ब्लॉगर हूँ, मेरी भी एक वेबसाइट है, क्रेडिट कार्ड पर भी कंटेंट लिखता हूँ, पर Click बहुत कम आते हैं, कृपया अनुभवी भाई के नाते सलाह दें, क्या करू ?

    Reply

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