M16SCredit cards, explained without the jargon Sign in

M16S / Kotak Mahindra Bank / Kotak Mojo Platinum Credit Card

entry · rewards

Kotak Mojo Platinum Credit Card

Kotak Mahindra BankLast checked 11 Oct 2026closed to new applicants

The Kotak Mojo Platinum Credit Card costs Rs 1,000 a year, waived if you spend Rs 1,00,000 in a year. Its base return is 0.25% (1 Mojo point per Rs 100). Accelerated earn: 2.5 Mojo points per Rs 100 online. The forex markup is 3.5%. Lounge visits in India: 2 per quarter (aggregator). Read from the issuer's documents and an aggregator on 11 Oct 2026.

Annual fee
Rs 1,000+ GST
Fee waived at
Rs 1,00,000annual spend
Base return
0.25%
Forex markup
3.5%
Interest
3.75%a month

Fees

Joining feeRs 1,000
Annual feeRs 1,000
Annual spend that waives the feeRs 1,00,000
Fee notesJoining fee waived on Rs 30,000 spend within 90 days; annual waived on Rs 1 lakh retail spend. Add-on Rs 299.

Rewards

Reward currencyMojo Points
Base earn1 Mojo point per Rs 100
Base return0.25%
Point valueunverifiedRs 0.25 per point on catalogue; Rs 0.20 as cash (aggregator)
Accelerated earn2.5 Mojo points per Rs 100 online
CapsunverifiedEducation/insurance earn up to Rs 70,000 a cycle, utility Rs 50,000, government Rs 40,000 (aggregator)
Spends that earn nothingWallet loads, fuel, rent, online skill-based gaming
Points expiryunverified12 months (aggregator)
Milestone benefits2,500 points on Rs 75,000 quarterly spend (issuer listing)
Reward notesbase_return_pct = 1 point per Rs 100 x Rs 0.25.

Travel and perks

Domestic loungeunverified2 per quarter (aggregator)
International loungeNone
Lounge conditionsunverifiedRs 75,000 spend in previous quarter (aggregator)
Forex markup3.5%
Fuel surcharge waiver1% on Rs 500-5,000 txns, cap Rs 3,500; railway waiver up to Rs 500

Charges and eligibility

Interest per month3.75%
Late payment feeBy outstanding balance: <=100 nil; 100-500 Rs 100; 500-1,000 Rs 500; 1,000-5,000 Rs 600; 5,000-10,000 Rs 750; 10,000-25,000 Rs 900; 25,000-50,000 Rs 1,100; >50,000 Rs 1,300
Cash advance fee2.5% min Rs 500
Fine-print notesMarked discontinued on Kotak's listing page. MITC surcharges: 1% on utility spend above Rs 50,000/cycle, fuel above Rs 35,000/cycle, wallet loads above Rs 10,000/cycle, online gaming above Rs 10,000/cycle, education via third-party apps; rent 1% + GST.

Questions

What is the annual fee of the Kotak Mojo Platinum Credit Card?
Rs 1,000 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.
Does the Kotak Mojo Platinum Credit Card give airport lounge access?
Yes. In India: 2 per quarter (aggregator). Outside India: none listed. Conditions: Rs 75,000 spend in previous quarter (aggregator)
What is the forex markup on the Kotak Mojo Platinum Credit Card?
3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the Kotak Mojo Platinum Credit Card?
Wallet loads, fuel, rent, online skill-based gaming