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Last updated: 01-06-2026
Kotak Essentia Platinum Credit Card
Kotak Bank

Kotak Essentia Platinum Credit Card

"Best credit card for grocery and departmental store shopping โ€” 10% savings points on every supermarket and departmental store purchase"

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Quick Summary
๐Ÿ’ณ Joining Fee
โ‚น500 + GST
๐Ÿ”„ Renewal Fee
โ‚น500 + GST
Waived: Annual fee waiver on retail spends of โ‚น1.5 lakh or more in the year โ€” verify current waiver threshold on Kotak Bank website
๐ŸŽฏ Best Suited For
Regular grocery and departmental store shoppers โ€” families who spend โ‚น3,000โ€“โ‚น8,000 per month at supermarkets and departmental stores; those who want maximum savings on essential everyday spends
๐ŸŽ Reward Type
Saving Points (1 Saving Point = โ‚น1; redeemable for cashback, travel, vouchers, merchandise)
๐ŸŽ‰ Welcome Benefit
500 bonus Saving Points on spending โ‚น10,000 within 60 days of card issuance (worth โ‚น500 cashback)
๐Ÿ’ฐ Reward Rate
10 Saving Points per โ‚น100 spent at departmental stores and grocery stores (10% effective return; transactions must be between โ‚น1,500 and โ‚น4,000 per transaction; capped at 500 Saving Points per billing cycle = โ‚น500 cashback on โ‚น5,000 monthly grocery spend); 1 Saving Point per โ‚น250 on all other eligible spends (0.4% base rate; no cap); Saving Points valid for 2 years from date of earning
โœˆ๏ธ Lounge Access
No airport lounge access
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โœ… Pros
  • Best-in-class 10% return on grocery and departmental store spends
  • 1 Saving Point = โ‚น1 โ€” highest reward value among entry-level cards
  • 6 PVR/INOX tickets per 6 months on modest โ‚น1.25 lakh spend
  • Saving Points redeemable for flights, hotels, cashback, vouchers
  • Low annual fee of โ‚น500
  • Fuel surcharge waiver
โŒ Cons
  • Card discontinued for new customers โ€” only existing cardholders can use
  • 10X earning only for transactions between โ‚น1,500 and โ‚น4,000 โ€” single large grocery bills don't qualify if above โ‚น4,000
  • Monthly cap of 500 Saving Points (โ‚น500) on grocery/dept store โ€” limits high spenders
  • Saving Points expire after 2 years
  • No airport lounge access
  • High forex markup of 3.5%
  • Available in select cities only

๐ŸŽ Rewards & Benefits

Reward Type
Saving Points (1 Saving Point = โ‚น1; redeemable for cashback, travel, vouchers, merchandise)
Welcome Benefits
500 bonus Saving Points on spending โ‚น10,000 within 60 days of card issuance (worth โ‚น500 cashback)
Reward Rate
10 Saving Points per โ‚น100 spent at departmental stores and grocery stores (10% effective return; transactions must be between โ‚น1,500 and โ‚น4,000 per transaction; capped at 500 Saving Points per billing cycle = โ‚น500 cashback on โ‚น5,000 monthly grocery spend); 1 Saving Point per โ‚น250 on all other eligible spends (0.4% base rate; no cap); Saving Points valid for 2 years from date of earning
Reward Redemption
Redeem via Kotak Rewards portal (net banking): cashback (1 Saving Point = โ‚น1), airline ticket bookings, hotel bookings, merchandise, mobile recharge, e-vouchers (Amazon, Flipkart, BigBazaar); Saving Points can also be used as instant cash at select partner merchants (1 Saving Point = โ‚น1). Note: This card is discontinued for new customers โ€” available only to existing cardholders. New applicants should check current alternatives like Kotak Zen Signature.
Fuel Surcharge Waiver
1% fuel surcharge waiver at all fuel stations; applicable on transactions between โ‚น500 and โ‚น3,000
Lounge Access
No airport lounge access
Spend Based Fee Waiver
Annual fee waived on meeting minimum retail spend threshold (verify current amount on Kotak website)
Milestone Benefits
6 PVR/INOX movie tickets (via Star Pass Code) or 1,200 bonus Saving Points on spending โ‚น1.25 lakh in any 6 consecutive billing cycles
Other Benefits
12 free movie tickets per year via milestone programme (6 PVR tickets on โ‚น1.25 lakh per 6 billing cycles); contactless payments; add-on cards for family with shared benefits; Saving Points usable as instant cash at partner merchants; KASSist SMS service for quick customer support; note: this card is discontinued for new issuances โ€” existing cardholders continue to enjoy benefits

โœจ Special Perks & Exclusive Offers

Memberships
Details coming soon
Insurance Cover
Unauthorized transaction insurance cover โ‚น1.25 lakh (on reporting card loss immediately)
Add-on Cards
Add-on cards for family members (shared Saving Points limit of 500 per month across primary and add-on cardholders)
Concierge Services
Details coming soon
Special Offers
6 PVR/INOX tickets per 6 months on โ‚น1.25 lakh spend; Zomato Gold 50% off on first order using Kotak credit cards; fuel surcharge waiver

๐Ÿ’ณ Fees & Interest Rates

Joining Fee
โ‚น500 + GST
Annual Fee / Renewal Fee
โ‚น500 + GST
โœ“ Waived on: Annual fee waiver on retail spends of โ‚น1.5 lakh or more in the year โ€” verify current waiver threshold on Kotak Bank website
Interest Rate (APR)
๐Ÿ’ก Pay your balance in full each month and this never applies to you.
3.5% per month (42% per annum)
ATM Cash Withdrawal / Cash Advance
2.5% of withdrawn amount, minimum โ‚น500
Late Payment Charges
As per Kotak Bank prevailing slab rates; typically โ‚น100โ€“โ‚น1,200 based on outstanding
Over Limit Charges
2.5% of overlimit amount
Cheque Bounce / Auto-Debit Return
Details coming soon
Other Charges
Note: Kotak Essentia Platinum has been DISCONTINUED for new customers. Existing cardholders continue to use the card. New applicants interested in grocery/shopping rewards from Kotak should explore current alternatives on the Kotak Bank website. Saving Points cap of 500/month (โ‚น500 value) on grocery/dept store spend; transactions must be between โ‚น1,500โ€“โ‚น4,000 for 10X earning

๐Ÿ“‹ Eligibility & Credit Limit

Eligibility Criteria
Age 21โ€“65 years; primary cardholder; add-on cardholder 18+; available only in Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi (including Gurgaon and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune; card discontinued for new applicants
Credit Score Requirement
700+ CIBIL score recommended
Credit Limit
Based on income and Kotak Bank credit assessment

๐Ÿ“… EMI, Balance Transfer & Debt Management

EMI Conversion
Available on transactions above โ‚น2,500; tenures 6โ€“36 months
Balance Transfer Facility
Available from other bank credit cards
Balance Transfer Interest Rate
As per Kotak Bank prevailing rates
Balance Transfer Charges
Details coming soon

๐Ÿ”’ Security & Fraud Protection

Card Block Feature
Instant block via Kotak Bank app or customer care 1860 266 2666
Instant Fraud Alerts
SMS alerts for every transaction
Purchase Protection
โ‚น1.25 lakh cover on immediate reporting of card loss
Virtual Card Numbers
Details coming soon
Zero Liability Protection
โ‚น1.25 lakh cover on unauthorized transactions after immediate reporting

๐Ÿ“ž Customer Service & Digital Experience

Phone Support
1860 266 2666 (24x7); 1800 209 0000 (toll-free for card loss)
Chat / Email Support
SMS KASSIST to 5676788 for callback (10 AMโ€“6 PM, Monโ€“Sat); chat via Kotak Bank website
Mobile App
Kotak Bank mobile app: manage card, track Saving Points, pay bills, redeem rewards
Online Banking
Full management via Kotak Bank NetBanking: statements, payments, reward redemption, EMI

Last updated: 01-06-2026

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Printed: 23 Oct 2026, 09:30 PM
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