Card Image
Kotak Essentia Platinum
Annual Fee
₹499
Rewards/₹100 ⓘ
₹0.25
Normalized to balance base rate with bonus categories
Interest Rate
42.00%
Credit Score
650+
At a Glance
Key Benefits
Basic rewards, fuel surcharge waiver
Lounge Access
No lounge access
Eligibility
Income: Rs 2.4L+/year, CIBIL: 650+
Quick Details
Annual Fee
₹499
#75
Joining Fee
₹499
#78
Interest Rate
42.00% p.a.
#108
Forex Markup
3.50%
#75
Rewards/₹100
₹0.25
#276
Reward Type Reward Points
Reward Currency Points
Min Credit Score
650+
#13
Min Monthly Income ₹20
Network MASTERCARD
Late Payment Fee ₹350
Fee Waiver on Spend ₹50,000/yr
Reward Structure
Base
All Spends
₹0.25 /₹100
Reward Calculator
₹
Allocate by Category100%
Your Rewards
Points Earned500
Cash Value₹125
Breakdown
Other Spends500
Total Value₹125
Quick amounts:
Insurance Coverage
Lost Card
₹0
Zero liability.
Quick Analysis
The Kotak Mahindra Bank Kotak Essentia Platinum is a solid credit card option. With an annual fee of ₹499, ensure you can utilize the benefits to get value. Consider your spending patterns before applying.
Pros
- Low annual fee of just ₹499
- Annual fee waiver on spending ₹50000
- Extended interest-free period of 50 days
Cons
- No complimentary lounge access
- High forex markup of 3.50% on international transactions
- High interest rate of 42.00% on revolving credit
Frequently Asked Questions
What is Kotak Essentia fee?
Rs 499 annual fee, waived on Rs 50,000 spend.
Is this card good for building credit?
Yes, low fee and easy approval make it good for credit building.
What rewards does it offer?
1 reward point per Rs 100 spent on all categories.
Is there fuel surcharge waiver?
Yes, 1% fuel surcharge waiver on transactions between Rs 500-3,000.
What is credit limit range?
Credit limit typically ranges from Rs 25,000 to Rs 1.5 lakhs.
User Reviews
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