Mojo Platinum Credit Card

Name: Kotak Mahindra Bank Mojo Platinum Credit Card
Brand: Kotak Mahindra Bank
Price: 1180 INR
Rating: 2.93 (1 reviews)

Ranked #94 of 170 in credit

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Kotak's online-shopping-focused rewards card offering an uncapped 2.5% rate on online spends and decent domestic lounge access, positioned for digital-first spenders at a modest fee.

Score breakdown

Data completeness: 95% · Last verified: 09 Jul 2026

Reward value14/100 · weight 71%

≈ 0.68% effective on the standard basket (eligible spend only)

Wide-coverage rewards: +2.5% score bonus — earns broadly without narrow category restrictions.

No rewards on: rent. Reward score is scaled by ×(1 − 2.5%), proportional to how much of the standard basket falls in these excluded categories (v4 formula, capped at −5%). Tip: pair with a card that covers these.

Fee efficiency91/100 · weight 12%

Redemption flexibility75/100 · weight 9%

Perks26/100 · weight 9%

Fees

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

Joining fee: ₹1,000 + 18% GST
= ₹1,180 total
Annual fee: ₹1,000 + 18% GST
= ₹1,180 / year total
Forex markup: 3.5%

Lounge access

Domestic (per year): 8
International (per year): 0

Reward structure

Category	Type	Rate	Cap	Notes
online_spends	points	1.25%(5 pts @ ₹0.25)	₹2,500 / monthly	—
online_shopping	points	1.00%(2.5 pts @ ₹0.40)	—	2.5 Mojo pts/Rs 100 online, uncapped
all_spends	points	0.40%(1 pts @ ₹0.40)	—	1 Mojo pt/Rs 100 other spends

Welcome offer

Joining fee waiver (not a separate cash/points bonus) on Rs 30,000 spend within 90 days

Milestone benefits

Pros

Strong 2.5% uncapped online reward rate (no monthly cap unlike many competitors)
8 domestic lounge visits/year at a low Rs 1,000 fee
easily achievable joining fee waiver (Rs 30K/90 days)
decent quarterly milestone bonus in Year 1

Cons

Lounge access now spend-gated (Rs 75,000/quarter, since June 2025)
reward earning capped on education/insurance (Rs 70K/cycle), utility (Rs 50K/cycle), government (Rs 40K/cycle) since June 2025
fuel, wallet, rent, gaming spends earn zero points
low redemption value (Re 0.40/point via statement, requires 2,500 pt minimum)

What's inside

More benefits

Online spend acceleration
Unlimited 2.5 Mojo points/Rs100 on online spends
unlimited. Online transactions

Insurance cover

text: ₹NaN

Eligibility

text: Age 21-65 (primary), 18+ (add-on); min net income Rs 4 lakh/annum

Small print

Fuel surcharge:1% fuel surcharge waiver on Rs 500-Rs 3,000 transactions, capped Rs 3,500/year; also railway surcharge waiver up to Rs 500/year