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Kotak Essentia Platinum Credit Card
Visa 📡 Contactless NFC

Kotak Essentia Platinum Credit Card

Joining Fee₹1,499
Annual Fee₹749
Forex Markup 3.5%

⚖️ Card Verdict & Target Persona

Who Should Apply

Families and supermarket shoppers spending between ₹1,500 and ₹4,000 per grocery run looking for 10% valueback (1 Saving Point = ₹1) and annual free movie tickets.

Who Should Avoid

Users seeking airport lounge visits or those with small frequent grocery transactions under ₹1,500.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

Welcome bonus Saving Points upon card setup and completion of first retail transaction

10% Valueback on Groceries & Departmental Stores

Earn 10 Saving Points per ₹100 (10% valueback) at Departmental and Grocery Stores on transactions of ₹1,500 to ₹4,000 (capped at 500 points/month).

Free PVR Movie Tickets Milestone

6 free PVR movie tickets (or 1,200 Saving Points) on achieving annual spend milestone of ₹1.25 Lakhs.

Spend-Based Annual Fee Waiver

Annual renewal fee of ₹749 is waived off on spending ₹1,25,000 or more in the previous anniversary year.

💰 Reward Structure & Point Valuation

1 Saving Points = ₹1
Standard Base Earning
1 Saving Point per ₹250 spent on all other retail categories (0.40% return; 1 Saving Point = ₹1.00)
Accelerated / Partner Rate
10 Saving Points per ₹100 (10.0% return; 1 Saving Point = ₹1.00) on Departmental and Grocery Store purchases on txns of ₹1,500 to ₹4,000 (capped at 500 Saving Points/month); 6 free PVR tickets (or 1,200 points) on ₹1.25L annual spend
Points Validity:24 Months
Redemption Fee: ₹99 + GST / cycle
Redemption Modes: Direct Statement Cash Credit (1 Saving Point = ₹1.00), PVR Movie Tickets, Airline Miles and Brand Gift Vouchers
🚫 No Reward Points / Cashback on:
Fuel Wallet Loads Government Transactions Rent Payments Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✗ No Free Lounge Access
🛫
Domestic Lounge VisitsNone
🌐
International Lounge VisitsNone
⚠️

Spend Criteria: None

⚡ Spend Milestones & Special Perks

Annual Fee Waiver ₹125,000/yr
Annual renewal fee of ₹749 + GST is waived off on spending ₹1,25,000 or more in the previous anniversary year
UPI Payments Support✗ Not Supported
UPI not supported on Visa network
Fuel Surcharge Waiver1% Surcharge Waived
1% fuel surcharge waiver for transactions between ₹500 and ₹3,000 (Capped at ₹300/mo)

📋 Eligibility Criteria

✓ Official Criteria
Age Limit21 - 65 Years
Min. Monthly Income₹25,000
Min. Credit Score720 CRIF
Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):3.50% per month (42.0% per annum)
Late Payment Penalties:Late payment charges slab-based up to ₹1,200
Official Bank Portal Application

Get the Kotak Essentia Platinum Credit Card

Annual Fee: ₹749/yr (Waivable)

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🔍 Related Credit Card Collections

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Frequently Asked Questions

No, Kotak Essentia Platinum Credit Card has a joining fee of ₹1499 and an annual renewal fee of ₹749 (plus applicable taxes).