The main objective of Kotak Mojo Platinum Credit Card, a credit card offered by Kotak Mahindra Bank, is to provide an experience full of excellent rewards to its customers. With the help of this credit card, you get rewards in the form of Mojo Points which you can redeem in different categories.
You are given one Mojano point for every ₹100 spent if you spend it offline and you can also earn extra points if you use it online. You can also get gift vouchers through this credit card which can be worth ₹1000.
With all these benefits, this credit card comes with a membership fee of only ₹ 1000 in which you get to see all types of benefits which makes your annual fee completely worth the money. Apart from these, there are some ways in this credit card with the help of which you can also save, which includes waiver of joining fees and renewal fees and many other things.
So, keep reading the article till the end to get more information about Kotak Mojo Platinum Credit Card.
Kotak Mojo Platinum Credit Card Benefits & Rewards
- You don’t get any kind of welcome benefit here.
- Here you will be given one Mojo point for every ₹ 100 spent and if you use it online, you will be given 2.5 Mojo points for every ₹ 100 spent.
- Here you get two complimentary domestic loan options.
- Here you get an insurance cover of Rs. 1.25 lakh as insurance benefits which will help you if your credit card goes missing and some transactions are being done on it by an unknown person.
- In case of disappearance of this credit card, you have to inform the bank as soon as possible.
So these were some of the rewards and benefits that you will get to see in Kotak Mojo Platinum Credit Card. Let us talk about what fees and charges will be levied on this credit card.
Kotak Mojo Platinum Credit Card Charges & Fees
- Here you are charged a joining fee of Rs 1000.
- You also get renewal fee of ₹ 1000 only.
- Your joining fee will be waived off if you spend ₹30,000 within 90 days of taking this credit card and your renewal fee can also be waived off if you spend more than Rs. 1 lakh in 1 year with the help of this credit card. Spend more.
- If you want to redeem reward points then you will not be charged any fee.
- You will be charged 3.5% as a foreign exchange market.
- You will see monthly interest rate of 3.5%.
- You will get to see a fuel surcharge waiver of one percent which will be applied on transactions of ₹500 to ₹3000.
- For withdrawing cash here, you will be charged ₹300 on every ₹10000.
- You will get to see ₹ 299 as addon card fee, which is not charged in other credit cards but in this credit card you will be charged this thing.
Kotak Mojo platinum credit card eligibility criteria
- To avail this credit card your age should be between 21 years to 65 years.
- The person taking this credit card should be a citizen of India.
- If you want to take Kotak Credit Card, your annual income should be more than ₹ 400000.
How to apply for Kotak Mojo Platinum Credit Card?
- You can apply for this credit card both online and offline. To Apply Online
- You have to go to Kotak Mahindra Bank website.
- After this you have to select the option named Explorer Products.
- Then you have to click on the Cards option.
- Then you have to click on the credit card.
- After this, you have to select Kotak Mojo Platinum Credit Card and click on apply.
- Then you have to fill all the necessary information and complete all kinds of formalities.
Kotak Mojo Platinum Credit Card 1 is a basic and affordable credit card that comes with a generous amount of reward points that you can avail on all your spending. Here you also get to see gift vouchers in the form of milestone program with the help of which you can save more money in this credit card.
And if you are looking for a credit card that will give you great record offers, travel benefits and bring you the opportunity of saving, then you can choose Kotak Mojo Platinum Credit Card.
So that’s it for now, if you have used this credit card, then you can definitely tell us in the comments how your experience has been.