Kotak Essentia Platinum Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Earning Saving Points on all transactions, with 10 Saving Points awarded for every Rs. 100 spent at departmental and grocery stores (with a minimum transaction of Rs. 1,500 and a maximum of Rs. 4,000). However, the number of Saving Points earned on grocery and department store purchases is limited to 500 Points per month. For all other spends, customers will earn 1 Saving Point for every Rs. 250, and there is no limit on the number of points that can be earned in this category. Each Saving Point is equivalent to Re. 1 and can be redeemed on the Kotak Rewards Portal or used for payments at partner merchants. Customers can also earn a bonus of 6 movie tickets or 1200 Reward Points by spending Rs. 1,25,000 within a span of 6 months. The card offers contactless payment options with Visa payWave, allowing transactions up to Rs. 5,000 without the need for a PIN. Additionally, customers will receive priority assistance with KASSIST.

The Kotak Essentia Platinum Credit Card is a shopping-focused card that offers a range of benefits for cardholders.

With a joining fee of Rs. 1,499 + GST and a renewal fee of Rs. 749 + GST, this card is well-suited for individuals who enjoy shopping and want to earn rewards for their purchases.

One of the key features of this card is the reward points program.

Cardholders can earn 10 Saving Points/Rs. 100 on purchases made at grocery and departmental stores, and 1 Saving Point/Rs. 250 on all other spends.

These points can be redeemed for a variety of rewards, providing added value to cardholders.

Another benefit of the Kotak Essentia Platinum Credit Card is the movie dining offer.

Cardholders who spend Rs. 1,25,000 in 6 months can enjoy 6 movie tickets by PVR.

This is a great perk for movie lovers and can help offset the cost of entertainment expenses.

In terms of security, the card offers an insurance cover worth Rs. 1.25 lakh against unauthorized transactions up to 7 days prior to reporting the loss of the card.

This provides peace of mind for cardholders knowing that they are protected against fraudulent activity.

When using the Kotak Essentia Platinum Credit Card for shopping, cardholders are subject to a foreign currency markup of 3.5% + GST.

This should be taken into consideration when using the card for international transactions.

Overall, the Kotak Essentia Platinum Credit Card is a solid choice for individuals who frequently shop and want to earn rewards for their purchases.

With its shopping-focused rewards program and additional benefits such as the movie dining offer and insurance cover, this card provides value to cardholders.