Kotak Essentia Platinum Credit Card

  • Joining Fee: Rs. 1,499 + GST
  • Renewal Fee: Rs. 749 + GST
  • Best Suited For: Shopping
  • Reward Type: Reward Points
  • Welcome Benefites: NA
Add to Compare

The Essentia Platinum card by Kotak Mahindra bank is one of the entry-level credit cards. Still, it can be very rewarding if it fits your spending habits and used the right way. There is no other credit card in the Indian market that is more rewarding as far as grocery and essential spends are concerned. If that is how you’re gonna use your card, just close your eyes and sign up for this Essentia Platinum credit card; you certainly can not go wrong with this one. The card gives you a 10% return on grocery spends as Saving Points which can be redeemed at Kotak Rewards portal or used as cash at partner merchants (one saving point is equivalent to Re. 1). Doesn’t it sound cool to earn Saving Points for grocery spends and redeem them for a flight ticket on your next vacation!

New Features

Spend Based Waiver

Nil


Interest Rates

3.50% per month or 42% annually


Add-on Card Fee

Rs. 299/card

Rewards Redemption Fee

Nil


Fuel Surcharge

Applicable, subject to a minimum surcharge of Rs. 10

Foreign Currency Markup

3.5% + GST


Cash Advance Charges

Rs. 300 per Rs. 10,000 (or part thereof) withdrawn.

Movie & Dining

6 movie tickets by PVR on the expenditure of Rs. 1,25,000 in 6 months.


Travel

NA


International Lounge Access

NA

Rewards Rate

10 Saving Points/Rs. 100 on purchases made at grocery and departmental stores and 1 Saving Point/Rs. 250 on all other spends


Golf

NA


Insurance Benefits

Insurance cover worth Rs. 1.25 lakh against unauthorized transactions up to 7 days prior to reporting the loss of card.

Reward Redemption

Saving Points redeemable on Kotak Rewards portal for travel-related spends, shopping, mobile recharge,  shopping vouchers and movie tickets. The Saving Points can also be used as cash (1 Point = Re. 1) at partner merchants.


Domestic Lounge Access

NA


Zero Liability Protection

Cardholder not liable for any fraudulent transaction of up to Rs. 1,25,000 up to 7 days prior to reporting the loss of card.

Pros

No data available

Cons

No data available

Similar Cards

Add to Compare

IRCTC SBI Platinum Credit Card

SBI one of the most popular card issuers in India has launched IRCTC SBI Platinum Credit Card partnering with Indian Railways. It offers some decent rewards and privileges considering the price point at which it is being offered. This card is offered at a nominal fee of Rs 500 plus taxes. IRCTC SBI Platinum Credit Card allows the user to earn 350 bonus reward points by Rs. 500 within the first 45 days. We can also earn 10% value back while booking train tickets on IRCTC’s website in the form of reward points. You also get a 1% of fuel surcharge waiver at gas stations across India. Besides all these benefits, it also offers the advantage of contactless payment, making it convenient to make daily transactions. For more details, refer to our article.

View More
Add to Compare

Citibank Prestige Credit Card

Citi Prestige Credit Card is a super premium travel and lifestyle credit card by Citibank. Although it does offer very good reward rates on retail purchases, we still consider it majorly a travel credit card targeted at high net-worth frequent fliers as the reward redemption rate is the highest on transferring the reward points to partner airlines’ AirMiles programs (1 Reward Point = 4 AirMiles). On top of that you also get a host of other travel benefits; whether it is the welcome gift from the Taj group and ITC hotels or the complimentary extra night stay at any hotel around the world, the travel benefits that the Citi Prestige credit card offers are simply unparalleled. You also get a complimentary Priority Pass membership with unlimited domestic and international lounge access around the world for both primary and addon card holders. Read on to know more about this credit card.

View More
Add to Compare

Axis Bank My Zone Easy Credit Card

The Axis My Zone Easy Credit Card is a secured credit card, i.e, it is issued against a fixed deposit at the bank and can be issued to any individual who doesn’t even have a credit history. It comes with a joining and annual fee of Rs. 500 and can be considered the secured version of the Axis Bank My Zone Credit Card, which comes with a similar annual fee but is unsecured and provides a lot more benefits. The My Zone Easy Card earns you 4 Reward Points on every Rs. 100 you spend and these points can be redeemed against a wide array of options available at the Edge Rewards portal. Talking about other benefits of this card, it lets you save 25% on movie tickets and 15% or more on dining. Other than this, you get a 1% fuel surcharge waiver on all fuel transactions and cash withdrawals up to your credit limit. To know more about the advantages of the Axis Bank My Zone Easy Credit Card, and its fees & charges, keep reading the article:

View More