Kotak Essentia Platinum Credit Card Review

By | April 3, 2021

This is one of the most under rated credit card of the Kotak Mahindra Bank. The card is supposed to be good for grocery shopping. As Kotak has mentioned in their launch of this card.

The Kotak Essentia Platinum Credit Card is designed keeping the smart shopper in mind. With this credit card, you can earn reward points on every of your spending. And you can also redeem this points against best suited offer. Now let us see what is there in card for ‘Us.’

Kotak essential platinum
Fee & Other Parameters Charges
Joining feesRs.1499
Annual charges Rs.749
Add-on card fees Rs.299
Interest Charged 3.50%
Foreign currency markup3.50%

There is no renewal fee waiver for this card as the annual fee is already low.

Application process for the card is quite simple, the eligibility however is not mentioned anywhere. But they usually check CIBIL Score of the applicant plus you should have Kotak Bank Savings Account to become eligible for the card.

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Kotak Essentia Platinum Card Features

  • 10 saving points on every Rs.100 spend at Grocery & Departmental Store.
  • Reward Rate: 10%
  • 1 saving point = Re.1
  • Minimum transaction: Rs.1500 & Maximum transaction: Rs.4000
  • 1 Saving Point for every Rs.250 you spend on other categories
  • Milestone Benefit: Spend Rs.1, 25,000 every 6 months and get 6 free PVR tickets Or 1200 Reward Points

Also Read
Standard Chartered DigiSmart Credit Card Review

Kotak Essentia Platinum Card Redemption

Cash | Airline tickets | Movie Tickets | Mobile Recharge | Branded Merchandise

Please note: For redemption against Airline tickets / Merchandise / Mobile recharge, Reward points have to be converted to Easy Points.
* 1 Saving Point = 2 Easy Points.

Kotak essential platinum

Bottom Line

The card is best for you if you spend nearly Rs.6000 every month, on grocery shopping on every departmental store. It also provides some off on purchasing grocery online on Grofers, Big Basket, etc.

You can save up to Rs.6000 per year on spending appropriately through this card. Moreover if you pay your credit card bill through Cred App, you will get additional rewards from Cred as well.

The rewards offered by such basic card is decent, hence if you get opportunity you can go for this card.


What Are the Benefits of a Credit Card?

  • Reward Points
    You can earn reward points with every purchase made using credit cards. Subsequently, the accumulated reward points can be redeemed to make another purchase.

Whom has the Kotak Essentia Chip Card been designed for?

The Kotak Essentia Chip Card has been specifically designed for the High Income or High Net Worth individuals. We have kept in mind your lifestyle requirements and the relevant benefits so that you could derive the maximum out of it.

Is this Card valid internationally?

Yes, this Card is valid internationally.

Will the Add-on Card holder get a separate saving points?

The monthly saving points limit of 500 saving points for including both departmental and grocery transactions has been set up for the Primary & Add-on Cards combined. Hence, the Add-on Card holder will not get any separate saving points.

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