Kotak Essentia Platinum Credit Card

The features associated with Kotak Essentia Platinum Credit Card are:

Savings on Departmental & Grocery – Users get 10% savings on departmental and grocery transactions

Reward Points – Users earn 10 saving points for every Rs. 100 spent at grocery and departmental stores. The reward points are earned when the transaction size is between Rs. 1500 and Rs. 4000 and only 500 points can be earned in a month. 1 saving point is earned for every Rs. 250 spent on other categories

Milestone Benefits – Users earn 6 PVR tickets or 1200 reward points if they spend Rs. 1.25 lakh every 6 months

Redemption Offers – Users can redeem their reward points against Cash, airline tickets, air miles, movie tickets, mobile recharges, Merchandise. User must first convert their saving points into easy points. 1 Saving Point = 2 Easy Points

Also Read: Kotak Credit Card Reward Points

The fees and charges associated with Kotak Essentia Platinum Credit Card are:

Category	Amount
Joining Fees	Rs. 1499
Annual Fees	Rs. 749
Add-on card Fees	Rs. 299
Finance Charges	3.75% p.m. (45% p.a.)
Late Payment Charges (“LPC”)	Rs. 100 for amount less than or equal to Rs. 500. Rs. 500 for amount between Rs. 500.01 & Rs. 10,000 Rs. 700 for amount greater than Rs. 10,000

The eligibility criteria for Kotak Essentia Platinum Credit Card are:

• Applicant must be aged between 21 to 65 years of age
• Add-on cardholder should be at least 18 years of age
• Only Indian Nationals can apply
• Applicant must be resident in any of the following cities: Bangalore, Chandigarh, Chennai, Ahmedabad, Gurgaon (Gurugram), Noida, Kolkata, Mumbai, Delhi, Navi Mumbai, Hyderabad, and Pune

What is the annual fee charged on Kotak Essentia Platinum Credit Card?

The annual fee charged on Kotak Essentia Platinum Credit Card is Rs. 749.

Is there a joining fee on Kotak Essentia Platinum Credit Card?

Yes, there is a joining fee on Kotak Essentia Platinum Credit Card. The fee is just Rs. 1,499.

What is the reward scheme on this credit card?

Customers earn 10 saving points per Rs. 100 spent at grocery and departmental store expenditure. 1 saving point is earned for every Rs. 250 spent on other categories.

Are there any milestone benefits associated with this credit card?

Yes, users are given 6 PVR tickets or 1200 reward points if they spend Rs. 1.25 lakh in 6 billing cycles.

Credit Card	Annual Fee	Reward Points	Net Savings
Kotak  Essentia Platinum Credit Card	Rs. 749	Earn 10 reward points for every Rs. 100 spent at departmental and grocery transactions	Rs. 3,905* Rs. 9,297**
HSBC VISA Platinum Credit Card	NIL	2 Reward points for every Rs. 150 spent.	Rs. 14,167* Rs. 22,833**
ICICI Bank Coral Contactless Credit Card	Rs. 500	Earn 2 Payback Points on every Rs.100 spent	Rs.10,636* Rs.15,771**
Standard Chartered Platinum Rewards Credit Card	Rs. 250	Earn 5 Reward Points for every Rs.150 spent at partner dining restaurants	Rs.8,510* Rs.9,782**

*On spending Rs.2 lakh annually

**On spending Rs.4 lakh annually

People also looked for the following reward credit cards:

Credit Card	Annual Fee	Key Feature	Paisabazaar Rating
Citibank® Rewards Credit Card	Rs. 1,000	Earn 1 reward point for every Rs. 125 spent Earn 10X reward points on apparel and departmental store spends	4.2/5
Standard Chartered Platinum Rewards Credit Card	Rs. 250	Earn 5X reward points on dining and fuel spends Earn 1 reward point on every spending of Rs. 150 on all the other categories	3.5/5
Yes Prosperity Rewards Plus Credit Card	Rs. 499	Earn 3 reward points on every Rs. 100 spent on Grocery and Supermarket spends Earn 2 reward points are earned per Rs. 100 spent on other categories	N/A
HDFC Bank Diners Club Rewardz Credit Card	Rs.1,000	Earn 1000 Reward Points on successful sign-up Earn 3 Reward Point per Rs. 150 spent on retail	N/A

Please Note: Kotak Mahindra Bank is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.