Unverified draft. Fees, reward rates, and perks below are LLM-generated seed data pending admin verification. Cross-check on the bank's official page before relying on them.

#68 of 70 in debit

Kotak Mahindra Bank

Kotak Platinum Debit Card

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Extremely common day to day operational mechanism carrying reliable security algorithms visibly.

Score breakdown

Data completeness: 60% · Last verified: 06 Jul 2026

Reward value2/100 · weight 65%

≈ 0.10% effective on the standard basket (eligible spend only)

Wide-coverage rewards: +1.7% score bonus — earns broadly without narrow category restrictions.

Fee efficiency98/100 · weight 11%

Redemption flexibility58/100 · weight 8%

Perks0/100 · weight 8%

Devaluation risk70/100 · weight 8%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee: ₹250 + 18% GST
= ₹295 total
Annual fee: ₹250 + 18% GST
= ₹295 / year total
Forex markup: 3.5%

Lounge access

Domestic (per year): 0
International (per year): 0

Confirmed devaluation alerts

No confirmed devaluations tracked for this card. That doesn't mean none exist — see the neutral 70/100 devaluation-risk sub-score above.

Reward structure

Category	Type	Rate	Cap	Notes
groceries	points	0.50%(2 pts @ ₹0.25)	—	Baseline 2 points scaling securely traversing supermarts heavily
utilities	points	0.25%(1 pts @ ₹0.25)	—	Minimalistic yield capturing offline ATM traces slowly

Point value by redemption mode

1 reward point is worth different amounts depending on how you redeem — the headline reward % only holds at the best tier.

shopping, travel, lifestyle, e-vouchers	1 RP = ₹0.25
cash value against statement	1 RP = ₹0.20

Welcome offer

Joining fee of ₹1,000 waived on spending ₹30,000 in first 90 days.

Milestone benefits

Spend ₹75,000 / quarterly: 2500 Mojo points (valid for the first year only)

Pros

Accelerated rewards on online spends
Comprehensive reward redemption including cash options
Spend-based fee waivers making the card potentially free
Complimentary domestic lounge access

Cons

Capped rewards on utility, education, and government spends
Discontinuation of points on fuel, rent, and wallet loads from June 2025
Milestone benefits limited to the first year only
Lounge access requires a high prior-quarter spend of ₹75,000

Insurance cover

credit liability: ₹1,25,000

Eligibility

max age: 65
min age: 21
min annual income: ₹4,00,000

Small print

Redemption fee: ₹0 / redemption