Kotak Essentia Platinum Credit score Card Evaluation

Kotak Essentia Platinum Credit score Card Evaluation

This can be a evaluate by one in all our reader Bhavye Goel who holds couple of Kotak Credit score Playing cards in his household.

It was in 2017 after I began analysis to begin my journey into the world of bank cards and in the end landed on this weblog. So right here it’s me presenting to you all my first evaluate for this nice neighborhood.

I’m beginning with probably the most underrated card of Kotak Mahindra Financial institution which is right for I feel everybody right here, Kotak Essentia Platinum Credit score Card. As per my data that is the finest grocery bank card in India. For anybody dwelling even in tier 2 or tier three cities this can be extremely helpful.

Kotak Essentia Platinum Credit score Card

I used to be holding a Kotak Financial savings account since final three years and opened it on account of 6% ROI on financial savings stability. Majority of their playing cards are very low in rewards and everybody I do know round are having a type of solely on account of lack of analysis and consciousness among the many card holders in India.

This was my third bank card after SBI Merely Click on and HDFC Bharat Cashback card as my spend areas have been restricted to Amazon, gas and grocery.

After going via all of the playing cards in Kotak’s secure I narrowed down on three playing cards which I’m holding proper now, two of them in my title and third one on my father’s behalf which I can be reviewing quickly after this.

Becoming a member of Charges

Becoming a member of charges: Rs 1499 + GSTWelcome Provide: 2 BookMyShow vouchers value 200 every on first swipe when you apply on-line instantly with Kotak.Annual charges: Rs 749 + GST (2nd 12 months onwards non-waiverable)Add on card charges: Rs 249 + GST

Utility course of was easy and all on-line for me due to a superb CIBIL rating and financial savings account relationship with Kotak. After making use of, card was delivered to me in 10 days.

The restrict was not beneficiant although, however was near my SBI card. The cardboard seems like this,


10 saving factors on each Rs 100 you spend on Departmental & Grocery retailer spends (Reward Price: 10%)Minimal spends: Rs.1500 and Most Spends: Rs.4000 per transaction.Most saving factors for grocery monthly is capped at 500 Factors.1 saving factors on each Rs 250 you spend at different classes with none restrictions. (Reward Price: zero.four%)1 Saving level = Rs. 1Milestone Profit: Spend Rs. 1,25,000 each 6 months and get 6 free PVR tickets (or) 1200 Reward Factors.

So when you use the cardboard to spend Rs.1,25,000 in six months the entire reward worth comes out to be ~1.four% (zero.four% of standard + ~1% as milestone profit) if redeemed as cashback.

Redemption Choices

Money | Airline tickets | Air Miles | Film Tickets | Cell Recharge | Branded Merchandise

Double Dipping

Massive Bazaar: Use this card to load cash in Massive Bazaar future pay pockets in multiples of 1500 per day and get a most of 75 cashback within the pockets and 10% financial savings from Kotak.

PayZapp: Until final month PayZapp pockets was giving 25% cashback to a most of Rs. 250 on Massive Basket and I used to checkout via Payzapp and used my essentia card to pay. Remember the fact that loading Payzapp pockets wouldn’t give 10% financial savings.

Massive Basket: Massive Basket is working a suggestion of 10% prompt low cost on Kotak Playing cards each wednesday which may be clubbed with this card simply to get 20% low cost.


This card is nice when you spend approx. Rs.6,000 monthly on groceries and like to purchase from huge and native grocery and shops in your metropolis. And advantage of it’s, we get 10% even on On-line departmental/grocery shops like Grofers, Massive Basket and many others.

I’m saving nearly Rs.500-600 monthly utilizing this card, which is about Rs.6,000 a 12 months, which is a really respectable quantity. Even when you issue within the becoming a member of charge, returns are shut to eight% or so.

So that is simply one of many approach how even a really fundamental and never so fashionable playing cards can get you excellent return on spends.

What say? Be happy to share your ideas within the feedback beneath.

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