Kotak Essentia Platinum Credit Card
Kotak Mahindra Bank
Last updated: Feb 03, 2026
₹749
₹1,499
3.5%
No lounge access
Contents
Kotak Essentia Platinum is a value-focused Visa card that rewards regular spends with Kotak Reward Points and periodic milestone gifts. It targets everyday spenders with groceries, online and entertainment benefits, plus fuel-related offers. The card includes fee-waiver opportunities and easy redemption via Kotak Rewards.
Features of Kotak Essentia Platinum Credit Card which makes it unique
Saving Points
Grocery-oriented saving points converted to cash/partner redemptions
Better value for grocery spends
More grocery-focused than many base reward cards
Rewards Structure of Kotak Essentia Platinum Credit Card
Dining
acceleratedRestaurants only
Higher rewards on dining transactions
Grocery
acceleratedSupermarkets and grocery stores
Fuel
basePetrol pumps (select)
Base
baseAll other merchants
Standard earn rate on non-accelerated categories
Milestones of Kotak Essentia Platinum Credit Card
Half-Year Milestone
₹1,25,000 (in 6 months) : 10,000 Reward Points or 4 PVR tickets
Annual Spend Bonus
₹75,000 (annual) : ₹750 cashback (on meeting spend threshold per year)
Fees & Charges of Kotak Essentia Platinum Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹1,499 |
| Annual Fee | ₹749 |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹700 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 2% |
Renewal Conditions:Annual fee waiver on retail spends of ₹50,000 in the previous anniversary year.
Fee Explanation Standard Kotak credit card fees apply; refer to bank fees and charges page for exact slab-based LPC and finance charges.
Detailed Explanation of Kotak Essentia Platinum Credit Card Fees
Joining Fee: 1499 (one-time)
Payable at issuance; may vary depending on offers
Annual Fee: 749 (yearly)
Waived on ₹50,000 retail spends in previous anniversary year
Foreign Currency Markup: 3.5% (transaction)
As per Kotak's Forex charges
Cash Advance Fee: 2.5% (transaction)
Minimum charges apply
Lounge Access Benefits with Kotak Essentia Platinum Credit Card
domestic Lounges
silverVisits per year: 0
Guest access: No
No complimentary lounge access for Essentia Platinum
Insurance Coverage with Kotak Essentia Platinum Credit Card
Purchase Protection
₹50,000Coverage as per Kotak terms for eligible purchases
Additional Features of Kotak Essentia Platinum Credit Card
Contactless Payments
Tap & pay enabled (Visa payWave)
Add-on Cards
Add-on cards available (fee may apply)
Limits and charges per bank policy
Welcome Bonus with Kotak Essentia Platinum Credit Card
Welcome Bonus: 10,000 Reward Points
Bonus Conditions: Choose 10,000 Reward Points or 4 complimentary PVR tickets on achieving ₹1,25,000 spends every 6 months (terms on Kotak Rewards portal).
Application Process for Kotak Essentia Platinum Credit Card
Processing Time
5-10 business days
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply online via Kotak or Finanjo portal
Upload KYC and income documents
Verification call and KYC review
Card dispatched (typical 5-10 business days)
Required Documents for Kotak Essentia Platinum Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Kotak Essentia Platinum Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted globally (Visa network)
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Kotak Essentia Platinum Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
700+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹30,000
Minimum annual income
Self-Employed Applicants
₹40,000
Minimum annual income
Who Can Apply
Important Conditions
- PAN and Aadhaar required; KYC and income documents as applicable.
How Approval Is Decided
- Minimum monthly income ₹30,000 (salaried, indicative)
- Indian resident with PAN and Aadhaar
- Credit score above 700
Pros of Kotak Essentia Platinum Credit Card
- Good grocery and online rewards
- Milestone gifts (movie tickets or points)
- Affordable annual fee with waiver option
Cons of Kotak Essentia Platinum Credit Card
- No complimentary airport lounge access
- Higher forex markup compared to some premium cards
Frequently Asked Questions about Kotak Essentia Platinum Credit Card
What is the foreign currency markup?
Foreign currency markup is approximately 3.5% (check latest bank T&C for GST applicability).
Are there any fuel surcharge rules?
Standard fuel surcharge applies; Kotak announced select fuel-related fees and thresholds—refer to bank updates.
Is there a joining fee?
Yes — ₹1,499 (may be subject to promotional waivers at application time).
What is the annual fee and how is it waived?
Annual fee ₹749; waived if you have retail spends of ₹50,000 in the previous anniversary year.
What welcome gift is available?
Choose 10,000 Reward Points or 4 complimentary PVR tickets on meeting the milestone spend of ₹1,25,000 in 6 months.
How do I redeem Reward Points?
Redeem via the Kotak Rewards portal for flights, vouchers, merchandise or partner redemptions.
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