Kotak Mojo Platinum Credit Card: Earn 2.5X Reward Points on Online Spends

Kotak Mojo Platinum Credit Card: Earn 2.5X Reward Points on Online Spends

Kotak Mojo Platinum Credit Card is designed for consumers who wish to earn extra reward points on online spends. This credit card offers 2.5X rewards on online spends, making it a viable option for online transactions. Additionally, cardholders can enjoy privileges such as lounge access, fuel surcharge waiver, and milestone benefits. For individuals starting their credit journey and looking for good value back on their online purchases, this card is a suitable option.

In just one click, customers can check for pre-approved credit cards, with over 50 options available from top banks. The process is completely digital, making it convenient for users. By entering their mobile number and agreeing to the terms of use and privacy policy, customers can explore the exclusive pre-approved cards waiting for them.

The key highlights of the Kotak Mojo Platinum Credit Card include:

- Best suited for online shopping and rewards

- Joining fee of Rs. 1,000, waived off on spending Rs. 30,000 within 90 days of card activation

- Renewal fee of Rs. 1,000, waived off on spending Rs. 1 lakh in the preceding year

- Minimum income requirement of Rs. 4 lakh per annum

- Best feature: 2.5 Mojo points per Rs. 100 spent online

- Paisabazaar's rating: ★★★ (3/5)

This rewards credit card offers benefits across multiple categories such as lifestyle, travel, fuel, and more. Cardholders can earn higher reward points on online transactions. Here are some of the major benefits of the Kotak Mojo Platinum Credit Card:

2.5X Reward Points on Online Spends:

- 5 Mojo points per Rs. 100 for all online spends

- 1 Mojo point per Rs. 100 on all other spends

Points to note:

- There is no maximum cap on the reward earnings.

- Mojo points are valid for 2 years from the date of accrual.

- No Mojo points are offered on fuel and cash withdrawal.

Reward Points Redemption:

- Mojo points can be redeemed against categories such as shopping, mobile recharge, e-vouchers, and products available under the rewards catalogue.

- For credit card statement redemption, 1 Mojo point is equal to Re. 0.40. A minimum of 2,500 Mojo points are required for redemption.

- Mojo points can also be redeemed at other categories at a value of 1 Mojo point = Re. 0.25.

The Kotak Mojo Platinum Credit Card also offers a milestone benefit worth Rs. 1,000. Cardholders can earn bonus Mojo points on achieving the spending milestone.

For airport lounge access, cardholders can avail themselves of 8 complimentary visits per year to lounges within India. Fuel transactions at petrol pumps in India also come with a 1% fuel surcharge waiver for transactions between Rs. 500 and Rs. 3,000. Additionally, there is a railway surcharge waiver of up to 2.5% on transactions made on the IRCTC website and at Indian Railways booking counters.

When it comes to fees and charges, the Kotak Mojo Platinum Credit Card has a joining fee of Rs. 1,000, which is waived off if the customer spends Rs. 30,000 in the first 90 days. The annual fee is Rs. 1,000, waived off on spending Rs. 1 lakh in the preceding year. Finance charges are set at 3.5% per month, and late payment fees vary based on the statement balance.

To be eligible for the Kotak Mojo Platinum Credit Card, applicants must be between 21-65 years old and either salaried or self-employed. The minimum income requirement is Rs. 4 lakh per annum. Documentation requirements can be found on the official Kotak website. The serviceable cities for this credit card include Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, and Pune.

Considering all the features and benefits, the Kotak Mojo Platinum Credit Card is a suitable choice for individuals who frequently shop online, can reach annual spends of Rs. 1 lakh, and prefer reward points that can be redeemed for a variety of things over cashback.

For customers seeking credit cards with decent rewards, other options to consider include HDFC MoneyBack+ Credit Card, American Express SmartEarn™ Credit Card, Standard Chartered Platinum Rewards Credit Card, SBI Card Prime, and HDFC Regalia Credit Card. These cards offer various benefits and rewards for different types of purchases.

Overall, the Kotak Mojo Platinum Credit Card is a rewarding option for those who want to maximize their online spends and enjoy additional benefits.

Kotak Mojo Platinum Credit Card is designed for consumers who wish to earn extra reward points on online spends. This credit card offers 2.5X rewards on online spends, making it a viable option for online transactions. Additionally, cardholders can enjoy privileges such as lounge access, fuel surcharge waiver, and milestone benefits. For individuals starting their credit journey and looking for good value back on their online purchases, this card is a suitable option.

In just one click, customers can check for pre-approved credit cards, with over 50 options available from top banks. The process is completely digital, making it convenient for users. By entering their mobile number and agreeing to the terms of use and privacy policy, customers can explore the exclusive pre-approved cards waiting for them.

The key highlights of the Kotak Mojo Platinum Credit Card include:

- Best suited for online shopping and rewards

- Joining fee of Rs. 1,000, waived off on spending Rs. 30,000 within 90 days of card activation

- Renewal fee of Rs. 1,000, waived off on spending Rs. 1 lakh in the preceding year

- Minimum income requirement of Rs. 4 lakh per annum

- Best feature: 2.5 Mojo points per Rs. 100 spent online

- Paisabazaar's rating: ★★★ (3/5)

This rewards credit card offers benefits across multiple categories such as lifestyle, travel, fuel, and more. Cardholders can earn higher reward points on online transactions. Here are some of the major benefits of the Kotak Mojo Platinum Credit Card:

2.5X Reward Points on Online Spends:

- 5 Mojo points per Rs. 100 for all online spends

- 1 Mojo point per Rs. 100 on all other spends

Points to note:

- There is no maximum cap on the reward earnings.

- Mojo points are valid for 2 years from the date of accrual.

- No Mojo points are offered on fuel and cash withdrawal.

Reward Points Redemption:

- Mojo points can be redeemed against categories such as shopping, mobile recharge, e-vouchers, and products available under the rewards catalogue.

- For credit card statement redemption, 1 Mojo point is equal to Re. 0.40. A minimum of 2,500 Mojo points are required for redemption.

- Mojo points can also be redeemed at other categories at a value of 1 Mojo point = Re. 0.25.

The Kotak Mojo Platinum Credit Card also offers a milestone benefit worth Rs. 1,000. Cardholders can earn bonus Mojo points on achieving the spending milestone.

For airport lounge access, cardholders can avail themselves of 8 complimentary visits per year to lounges within India. Fuel transactions at petrol pumps in India also come with a 1% fuel surcharge waiver for transactions between Rs. 500 and Rs. 3,000. Additionally, there is a railway surcharge waiver of up to 2.5% on transactions made on the IRCTC website and at Indian Railways booking counters.

When it comes to fees and charges, the Kotak Mojo Platinum Credit Card has a joining fee of Rs. 1,000, which is waived off if the customer spends Rs. 30,000 in the first 90 days. The annual fee is Rs. 1,000, waived off on spending Rs. 1 lakh in the preceding year. Finance charges are set at 3.5% per month, and late payment fees vary based on the statement balance.

To be eligible for the Kotak Mojo Platinum Credit Card, applicants must be between 21-65 years old and either salaried or self-employed. The minimum income requirement is Rs. 4 lakh per annum. Documentation requirements can be found on the official Kotak website. The serviceable cities for this credit card include Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, and Pune.

Considering all the features and benefits, the Kotak Mojo Platinum Credit Card is a suitable choice for individuals who frequently shop online, can reach annual spends of Rs. 1 lakh, and prefer reward points that can be redeemed for a variety of things over cashback.

For customers seeking credit cards with decent rewards, other options to consider include HDFC MoneyBack+ Credit Card, American Express SmartEarn™ Credit Card, Standard Chartered Platinum Rewards Credit Card, SBI Card Prime, and HDFC Regalia Credit Card. These cards offer various benefits and rewards for different types of purchases.

Overall, the Kotak Mojo Platinum Credit Card is a rewarding option for those who want to maximize their online spends and enjoy additional benefits.

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