Mojo Platinum Credit Card Fees and Charges| Kotak Mahindra Bank

Fees & Charges

Fee & other Parameters	Mojo Platinum
Joining Fees	1000
Annual Fees	1000
Condition for waiver of Joining Fees	Retail spends of ₹30,000 in first 90 days of issuance
Condition for waiver of Annual Fees - First Year	Annual retail Spends of ₹1,00,000
Condition for waiver of Annual Fees - Second Year	Annual retail Spends of ₹1,00,000
Add-on card Fees	299
Interest Charges on outstanding Balances	W.e.f. 1st June 2025; 3.75% pm (Annualized 45%)
Minimum Amount Due (MAD) (It will reflect in statement in column of minimum amount due)	W.e.f., 1st June 2025, MAD is calculated as 1% of all purchase transactions & cash advances & 100% of EMI, Finance Charges, Fees/Charges & Tax as applicable, subject to a minimum of ₹100 else up to the TAD amount whichever is lower.
ATM Cash Withdrawal/ Call a draft/ Fund Transfer/ Cash Advance	2.5% on advance amount , subject to minimum of ₹500
Late Payment Charges ("LPC")	Due as per last statement	LPC charges
	<₹100	0.0
	₹100 - ₹500	100.0
	>₹500 - ₹5,000	500.0
	>₹5,000 - ₹10,000	600.0
	>₹10,000 - ₹25,000	800.0
	>₹25,000 - ₹50,000	1000.0
	>₹50,000	1200.0
Over Limit Charge	500
Cheque Bounce Charges	2.0% on bounce amount, subject to minimum of ₹500
Standing Instruction Failure / Auto-debit return fee	2.0% on bounce amount, subject to minimum of ₹450 W.e.f. 1st June 2025, Maximum fee of ₹5000
Foreign Currency Mark Up	3.5%
Railway Booking Surcharge (1.8%/2.5% on transaction amount)*	Waived
Fuel Surcharge (1% on transaction)**	Waived
Fee for Cash payment at Bank	100
Outstation Cheque Processing Fee	Waived
Reissue/ Replacement Card (per issuance)	100
Charge Slip Request	Waived
Machine Surcharge at ATMs	Waived
Balance Enquiry Charges at Non Parent Bank ATM	Waived
Duplicate Statement Request	Waived
Web Pay Service Fee	Waived
W.e.f. 1st June 2025, following charges will be applicable
Wallet Load and Online skill-based gaming platform	1% transaction fee on total spends exceeding ₹10,000 per statement cycle
Fuel	1% transaction fee on total spends exceeding ₹35,000 per statement cycle
Utility	1% transaction fee on total spends exceeding ₹50,000 per statement cycle
Education	1% transaction fee on spends made via third-party apps (For example: PhonePe, Cred, Mobikwik, etc) Transactions made directly through educational institution websites or their card-swipe machines will not incur this fee

Disclaimer: Verbiage for Joining Fee (if applicable) will be displayed as Annual Fee on your monthly credit card statement. Thereafter you will be levied Annual Fee (if applicable) as per the most important terms and conditions of your credit card.

The aforementioned revisions will be based on the Merchant Category Codes (MCCs), which are 4-digit numbers assigned to merchants or businesses by card networks such as VISA, MasterCard, and RuPay. Click here for the list of applicable MCCs.

GST and other taxes, as notified by the Government of India, apply to all fees, interest, and other charges and are subject to changes to changes in accordance with the relevant regulations set forth by the Government of India.

For complete details, including all terms and conditions, please read the MITC