Discontinued for new applicants
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Kotak Mojo Platinum Credit Card Review
- 2.5 Mojo points per ₹100 on all online spends (uncapped)
- 1 Mojo per ₹100 offline (except fuel)
- 8 domestic lounge visits/year (2/quarter) — needs ₹75,000 spend in the previous calendar quarter
- Y1 quarterly bonus: 2,500 Mojo points at ₹75K quarterly spend
- Joining fee waived at ₹30K spend in first 90 days — easy to hit
- Railway surcharge waiver (1.8% IRCTC, 2.5% counter, ₹500/year cap)
- 1% fuel surcharge waiver (₹500-₹5,000)
- Available only in 9 Indian cities
- Mojo points redemption at about ₹0.20–₹0.25/point (the ₹0.40 rate ended 1 June 2025) — no better than SBI’s ₹0.25 but lower than HDFC SmartBuy’s ₹1
- Quarterly 2,500 Mojo bonus is Y1 only (doesn’t renew)
- No international lounge access
- 3.5% forex markup
- Net income requirement ₹4L+/year
Fees & charges
| Item | Charge |
|---|---|
| Joining fee | ₹1,000 + GST — waived at ₹30K spend in first 90 days |
| Renewal fee | ₹1,000 + GST — waived on ₹1L annual spend |
| Finance charge | 3.5% p.m. |
| Cash advance | 2.5% (min ₹500) |
| Forex markup | 3.5% |
| Railway surcharge waiver | 1.8% IRCTC / 2.5% counter, cap ₹500/year |
| Late payment | Up to ₹1,300 |
Eligibility & documents
Age
21-65 years
Net income
₹4 lakh+ per year
Location
Available only in 9 cities: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (incl. Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Pune
Recommended CIBIL
720+
Typical credit limit
₹50,000 – ₹2 lakh at issuance
Documents
PAN, Aadhaar, salary slip + bank statement OR ITR, address proof
Rewards structure
Base earn:
- 2.5 Mojo points per ₹100 on all online spends (uncapped)
- 1 Mojo point per ₹100 on offline retail (except fuel and cash withdrawal which earn zero)
Y1 quarterly milestone: Spend ₹75,000 in a calendar quarter → 2,500 bonus Mojo points. Available first year only; doesn’t renew.
Redemption: 1 Mojo point = about ₹0.20–₹0.25 (Kotak withdrew the ₹0.40 call-centre statement-credit rate from 1 June 2025) (higher end on travel bookings via Kotak). Redeemable also as Amazon voucher at similar ratio.
Exclusions: Fuel, cash advances, wallet loads, rent and online skill-based gaming earn zero Mojo points. (Fewer exclusions than many cards — utilities earn 1 per ₹100 only up to ₹50,000 per statement cycle (education and insurance ₹70,000 each, government ₹40,000).)
Welcome benefits & milestones
Welcome benefit (Year 1): Joining fee of ₹1,000 fully waived on spending ₹30,000 within first 90 days. At this level you’re also earning 750 Mojo points from the qualifying spend — effectively a net-positive welcome.
Y1 quarterly milestone (first year only): 2,500 Mojo points at ₹75,000 spend per calendar quarter. Up to 4 quarters = 10,000 Mojo = about ₹2,000–₹2,500 value in Y1. Utility, wallet, fuel, gaming, insurance, government, rent and education spends don’t count.
Fee waiver: Spend ₹1 lakh in anniversary year → next year’s ₹1,000 fee waived.
Key benefits
- 2.5× Mojo on online spends (uncapped)
- 8 domestic lounge visits/year (2/quarter) — unlocked by ₹75,000 spend in the previous quarter
- Y1 quarterly 2,500 Mojo bonus at ₹75K quarterly spend
- Railway surcharge waiver (1.8% IRCTC, 2.5% counter, ₹500/year cap)
- 1% fuel surcharge waiver (₹500-₹5,000)
- EMI conversion on transactions ₹2,500+
- Free add-on cards for family
Usage terms & fine print
Lounge access
8 complimentary domestic lounge visits per year, 2 per calendar quarter. From 1 June 2025: spend ₹75,000 in a calendar quarter to get 2 visits in the next quarter (in line with most cards at this fee tier).
Fuel surcharge waiver
1% fuel surcharge waiver on ₹500-₹5,000 transactions, capped at ₹3,500 per anniversary year. Fuel doesn’t earn Mojo points.
Interest-free period
Interest-free credit up to 48 days. Minimum payment 5% or ₹200.
EMI conversion
EMI on transactions ₹2,500+. Tenures 3-24 months. Interest 0.99-1.5% p.m.
Digital wallets & UPI
Apple Pay, Google Pay, Samsung Pay supported. Visa network. No RuPay-UPI variant.
Insurance cover
Lost card liability, basic purchase protection
Compared with alternatives
HDFC Diners Privilege (₹1K) →
Same fee. 5× Swiggy/Zomato + 10× SmartBuy + milestones + memberships. Richer bundle.
HDFC Millennia (₹1K) →
Same fee. 5× on 10 specific brands. Partner-specific vs Mojo’s uncapped online.
Kotak Urbane Gold (₹750) →
Cheaper. 4× on weekend dining. Different use case.
Kotak Myntra (₹500) →
Cheaper. 7.5% Myntra unlimited. Narrower ecosystem.
Who the Kotak Mojo Platinum is for
Urban professionals (9-metro-city limitation) spending ₹15-30K/month online with ₹4L+ income. The 2.5× online + up to 8 spend-gated lounges + Y1 milestone bonuses deliver ₹6-10K value on ₹1K fee. Hits sweet spot for mid-income online shoppers.
Not the right card if: you live outside the 9 eligible cities (Mojo simply won’t issue to you), OR you shop primarily at named partner brands (HDFC Millennia gives 5× on 10 brands vs Mojo’s 2.5× uncapped). Also weaker fit for offline-heavy spenders.
How to apply & how to cancel
Apply: Kotak no longer accepts new applications for Mojo Platinum. Verify eligibility for your city first. Approval 3-5 days.
Cancel: Call Kotak helpline (1860 266 2666). Clear dues; redeem Mojo before closure.
Final verdict
Kotak Mojo Platinum is a solid ₹1,000 entry-mid card with a key differentiator — up to 8 spend-gated domestic lounge visits/year (spend-gated since June 2025, like most cards at this fee). The 2.5× uncapped online + Y1 milestone bonuses make this attractive for moderate online shoppers. It is now closed to new applicants.
Frequently asked questions
Is Mojo Platinum really unavailable outside 9 cities?
Yes — Kotak explicitly limits Mojo Platinum issuance to Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon/Noida), Hyderabad, Kolkata, Mumbai, and Pune. Applications from other cities are typically rejected.
What is the 2,500 Mojo quarterly milestone?
In Year 1 only, spending ₹75,000 in a calendar quarter earns 2,500 bonus Mojo points. Works for 4 quarters = up to 10,000 Mojo bonus in Y1. Does NOT continue in Year 2+.
How much is 1 Mojo point worth?
About ₹0.20–₹0.25 depending on redemption; the ₹0.40 statement-credit rate ended on 1 June 2025. Statement credit and Amazon vouchers usually at the lower end; catalogue travel bookings at the higher end.
Is the joining fee really waived on ₹30K spend?
Yes — ₹30,000 spend within the first 90 days of card issuance waives the full ₹1,000 joining fee. Easy threshold.
What earns zero Mojo points?
Fuel, cash advance, wallet loads, rent payments typically earn zero. Utilities typically earn 1 Mojo per ₹100.
Are the lounges really unconditional?
No — since 1 June 2025 you must spend ₹75,000 in a calendar quarter to unlock 2 visits in the next quarter. This is unusual at ₹1K fee tier where most cards require ₹50-75K prior-quarter spend.
Do Mojo points expire?
Yes — typically 2-3 years from earn date per Kotak policy. Check current T&C.
Can I upgrade Mojo Platinum to Urbane Gold or Privy?
Yes — Kotak allows horizontal upgrade. Tenure and Mojo balance carry over.
Data current as of October 2026. Credit card fees, rewards and benefits are revised periodically by issuers. Always confirm current terms with the issuer before applying.