Kotak Mojo Platinum Credit Card Review 2026: 2.5 Mojo Points Online, First-Year Milestones & FAQs
This card is closed to new applicants — Kotak's page title reads "Apply for Mojo Credit Card Online (Discontinued)". Existing holders keep it, and Kotak still publishes its fees, rewards and milestone terms.
The Mojo Platinum earns 2.5 Mojo Points per ₹100 online and 1 per ₹100 offline. At ₹0.25 a point that's 0.63% and 0.25% — among the lowest base rates in Kotak's range. Its quarterly milestone is worth more than the earn rate, but only in the first year.
Quick Overview
| **Status** | Discontinued for new applicants; existing cards active |
|---|---|
| **Joining fee** | ₹1,000 — waived on **₹30,000** spent within 90 days |
| **Annual fee** | ₹1,000 — waived on **₹1 lakh** of annual spend |
| **Add-on card** | ₹299 |
| **Network** | Visa |
| **Online rate** | **0.63%** — 2.5 Mojo Points per ₹100 |
| **Base rate** | 0.25% — 1 Mojo Point per ₹100 |
| **Point value** | ₹0.25 catalogue / ₹0.20 cash |
| **Milestone** | 2,500 points a quarter on ₹75,000 — **first year only** |
| **Lounge** | 2 domestic/quarter, gated on ₹75,000 |
Reward Structure
| Spend | Mojo Points per ₹100 | Effective rate |
|---|---|---|
| **Online spends** (any merchant) | 2.5 | **0.63%** |
| All other spends | 1 | **0.25%** |
| Excluded categories | 0 | 0% |
Neither is capped.
The accelerated rate is keyed on the channel, not the merchant category. "Online spends" is a card-not-present condition applying across every category, so there's no MCC list to check — if you paid online, you earned 2.5.
A point is worth ₹0.25 on the Kotak Rewards catalogue and ₹0.20 in cash, the cash rate having fallen from ₹0.25 on 1 June 2025. An older Kotak MITC table describes a 0.40 rate for cashback raised by service request, but the June 2025 revision explicitly supersedes the earlier terms for the listed products, and Mojo Platinum is listed.
The milestone — and its expiry date
2,500 Mojo Points every quarter on spending ₹75,000 — ₹625 a quarter at the catalogue rate.
Kotak's wording, in full: "Get 2500 Mojo points every quarter on spending Rs. 75,000. Valid for the first year (since issuance) only."
So the maximum lifetime value of this milestone is ₹2,500 across four quarters. From year two the card delivers only its 0.25%–0.63% earn rate, its lounge access and its surcharge waivers — against a ₹1,000 annual fee.
From 1 June 2025, spend on utility, wallet loading, fuel, online skill-based gaming, insurance, government, rent and education does not count towards the ₹75,000.
The two ₹75,000 thresholds line up
The one genuinely neat thing about this card's design: the quarterly milestone threshold and the lounge-access gate are the same number.
Clear ₹75,000 in a calendar quarter and you unlock both 2,500 milestone points and the next quarter's two lounge visits. That's unusual — most Kotak cards set the two independently.
Lounge Access
8 complimentary visits a year to select domestic lounges in India, limited to 2 per quarter.
Gated from 1 June 2025: spend ₹75,000 or more in a calendar quarter to unlock 2 visits in the next quarter. A new cardholder gets nothing in their first quarter.
No international lounge access.
The June 2025 category changes
| Category | Mojo Points earned up to |
|---|---|
| Education and insurance | **₹70,000** per statement cycle each |
| Utility | **₹50,000** per statement cycle |
| Government | **₹40,000** per statement cycle |
| **Wallet load, fuel, rent, online skill-based gaming** | **Nothing at any level** |
The same categories are excluded from the milestone calculation.
Fees and Charges
| Charge | Amount |
|---|---|
| Joining fee | ₹1,000 — **waived on ₹30,000 spent within 90 days of issuance** |
| Annual fee | ₹1,000 — waived on **₹1,00,000** of annual spend |
| **Add-on card** | **₹299** |
| Finance charges | 3.75% per month (45% per annum) |
| Interest-free period | Up to 51 days |
| Cash advance fee | 2.5% of the amount, minimum ₹500 |
| Forex markup | 3.50% |
| Late payment | Nil up to ₹100, rising in slabs to ₹1,300 above ₹50,000 |
| Over-limit | ₹500 |
| Rent payment fee | 1% + GST on MCC 6513 |
| Utility fee | 1% above ₹50,000 per statement cycle |
| Fuel fee | 1% above ₹35,000 per statement cycle |
| Fuel surcharge waiver | 1% on ₹500–₹5,000, capped at ₹3,500 an anniversary year |
| Railway surcharge waiver | 1.8% / 2.5%, capped at ₹500 an anniversary year |
The joining fee waiver runs on a 90-day window, not an anniversary year: ₹30,000 spent within 90 days of issuance waives the ₹1,000 joining fee. That's easily cleared.
Add-on cards cost ₹299, where most Kotak cards at this tier waive them.
Both surcharge waivers apply.
Worked Example
A first-year cardholder spending ₹5 lakh, with ₹2 lakh online and ₹75,000 in each quarter:
| Source | Spend | Points | Value |
|---|---|---|---|
| Online at 2.5/₹100 | ₹2,00,000 | 5,000 | ₹1,250 |
| Offline at 1/₹100 | ₹3,00,000 | 3,000 | ₹750 |
| Quarterly milestone × 4 | — | 10,000 | ₹2,500 |
| 8 lounge visits at ₹1,000 | — | — | ₹8,000 |
| **Total (year one)** | **₹5,00,000** | **18,000** | **₹12,500** |
Fee waived at ₹1 lakh. Year one looks fine.
Year two, same spend:
| Source | Value |
|---|---|
| Earn rate | ₹2,000 |
| Milestone | **₹0 — expired** |
| Lounge visits | ₹8,000 |
| **Total** | **₹10,000** |
The card becomes a lounge card with a 0.4% blended earn rate. Whether that's worth ₹1,000 a year depends entirely on how much you use the lounges.
Who This Card Still Suits
Keep it if:
- You spend ₹75,000 every quarter — it unlocks both the milestone (year one) and the lounge access (every year)
- You fly domestically often enough to use eight lounge visits a year
- Most of your spend is online — 0.63% against 0.25% offline is a meaningful split
- The annual fee waives at ₹1 lakh, which you'd clear anyway
Supplement it if:
- You're past your first year. The milestone is gone and the earn rate alone is among Kotak's weakest
- Your quarterly spend is lumpy — the ₹75,000 gate costs you the next quarter's lounge visits
- You shop mostly in person — 0.25% is very low
- You spend abroad — 3.50% forex on a 0.25% base rate is a losing combination
Frequently Asked Questions
Can I still apply? No. Kotak's page title reads "(Discontinued)". Existing holders keep the card.
What's the fee? ₹1,000 joining, waived on ₹30,000 spent within 90 days, and ₹1,000 annual, waived on ₹1 lakh of annual spend. Add-on cards are ₹299.
What's the online rate? 2.5 Mojo Points per ₹100 on any online (card-not-present) transaction, against 1 per ₹100 offline. At ₹0.25 a point that's 0.63% and 0.25%.
What's a Mojo Point worth? ₹0.25 on the Kotak Rewards catalogue, ₹0.20 in cash since 1 June 2025.
How long does the milestone last? The first year since issuance only. 2,500 points a quarter on ₹75,000 of spend, so ₹2,500 of lifetime value at most.
How do I get lounge access? Spend ₹75,000 or more in a calendar quarter to unlock 2 visits in the next quarter — 8 a year at most. A new cardholder gets nothing in their first quarter.
Is there international lounge access? No.
Which categories earn nothing? Wallet loading, fuel, rent and online skill-based gaming since 1 June 2025. Utility, education, insurance and government earn up to per-cycle caps.
Is there a fuel surcharge waiver? Yes — 1% on ₹500–₹5,000 transactions, capped at ₹3,500 an anniversary year, plus a railway waiver capped at ₹500.
Fees, rates and benefits verified against the Mojo Platinum Credit Card product page, its fees-and-charges, milestone, rewards-redemption and value-chart pages, Kotak's MCC schedule dated 1 May 2025 and the Kotak credit-card MITC, as at 23 September 2026. The card is closed to new applicants. The online/offline split is a channel condition and cannot be expressed as an MCC list.
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