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Updated Oct 2026·By Arun, Chartered Accountant·1 min read·Cross-checked vs issuer MITC & RBI·How we research
Discontinued for new applicants
Verified October 2026 against the issuer’s current product page, terms and notices: Kotak has stopped issuing the Essentia Platinum; its terms are shown only for existing holders. It gives 10 Saving Points per ₹100 (1 point = ₹1) at grocery and departmental stores on transactions of ₹1,500–₹4,000, capped at 500 points per billing cycle, and 1 point per ₹250 elsewhere. ₹1.25 lakh spend in six months earns 6 PVR tickets or 1,200 points. Fees are ₹1,499 to join and ₹749 a year, with no waiver. No fuel or railway surcharge waiver; interest 3.75% a month.
Kotak Essentia Platinum Credit Card (Discontinued): Terms for Existing Cardholders
Kotak Mahindra Bank · Grocery rewards card · Closed to new applicants
Discontinued for new sourcing
10 points per ₹100 on grocery
₹749 annual fee
Last reviewed: October 2026, against Kotak’s Essentia Platinum pages and MITC.
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Current status
Kotak says it has discontinued the Essentia Platinum for new sourcing and shows its terms only for existing cardholders.
Terms for existing cardholders
| Item | Terms |
|---|---|
| Fees | Joining ₹1,499; annual ₹749; no spend waiver; add-on ₹299 |
| Grocery & departmental stores | 10 Saving Points per ₹100 (1 point = ₹1) on transactions of ₹1,500–₹4,000, max 500 points per billing cycle |
| Other spends | 1 point per ₹250 |
| Milestone | ₹1,25,000 every 6 months earns 6 PVR tickets or 1,200 points (claim within 3 months) |
| Surcharge waivers | No fuel or railway surcharge waiver |
| Forex markup | 3.5% |
| Interest | 3.75% a month (45% a year) |
Alternatives
Kotak’s current PVR-milestone card is the Kotak League Platinum (₹499 a year, waived on ₹50,000 spend).
FAQ
Can I still apply for the Essentia Platinum?
No. Kotak has discontinued it for new sourcing.
How much is a Saving Point worth?
₹1 each.
This card is no longer issued
This review stays up for existing cardholders. For a card you can apply for today, see our card reviews.