Summary
If you want to make the most out of your daily spending, the Kotak Essentia Platinum Credit Card is a terrific choice for you and your family. This credit card is perfect for people who buy a lot at grocery stores and department stores. It gives clients up to 10% off, which is a nice way to help them save money. People may also earn Saving Points on products other than groceries, which makes it a good card for many other types of purchases.
Not only does the card help you save money, but it also gives you rewards for reaching certain spending goals. For example, you can obtain gift cards when you spend a certain amount each year. It also lets you get extra cards for family members, doesn’t charge you more for gas, and doesn’t hold you responsible for cards you lose. These features make the card safe, affordable, and great for families.
Another amazing feature about the Kotak Essentia Platinum Credit Card is how easy it is to receive and use. You may now apply for a loan online and use Kotak’s mobile app or internet banking to keep track of your transactions and reward points. This helps you keep track of your money. You can also transfer balances from other banks to this card, which could help you pay off credit card debt at reduced interest rates.
Introduction
In today’s world, where every purchase matters and savvy savings are important, a good credit card can make a big impact in your daily life. This card, the Kotak Essentia Platinum Credit Card, is one of many that lets you save money while you spend. This card is supposed to give you great benefits and savings on things you buy every day, like groceries, bills, or going out to dine. It’s fantastic for people who want to get the most out of their daily expenses without any problem.
The Kotak Essentia Platinum Credit Card is a lifestyle credit card, to start. This means that it is mainly about your daily needs, including getting groceries, clothes, and other things you need. This card is great for families and people who shop a lot and want to earn points and cash back as a reward.
Also, you get a lot of reward points for every transaction you make with the card. You may use Kotak’s rewards catalog to turn these points into interesting gifts, certificates, and other deals. Not only that, but it also gives you milestone benefits. This means that if you spend a certain amount each year, you get free coupons or fee waivers as a reward.
It’s also easy to apply for and get approved for this credit card, which is another great thing about it. You may apply online in just a few steps. You only need a few basic documents, such as proof of identity, proof of income, and proof of address. After your application is approved, you will obtain the card in a few business days.
What is the Kotak Essentia Platinum Credit Card?
Kotak Mahindra Bank offers the Kotak Essentia Platinum Credit Card, which is a clever and helpful credit card. It is made for people who wish to save money on their everyday costs, especially when they go grocery shopping or to the department store. When you use this card, you can earn reward points and get cash back.
Also, the card helps you save the more you spend. For instance, if you buy household supplies often, you can save up to 10% on several categories. This card is great for families, stay-at-home parents, and working people who have recurring monthly bills.
How is the design of the Kotak Essentia Platinum Credit Card?
The Kotak Essentia Platinum Credit Card has a professional, sleek, and attractive style. The smooth surface and nice design make it look and feel high-end immediately. The card is usually a dark color, like black or deep blue, which gives it a professional and classy look.
The Kotak Mahindra Bank logo and the name of the individual who holds the card are on the front of the card. There is also a chip that makes it safer. This chip-based design not only looks fresh, but it also makes sure that every time you use the card, your transactions are safe and secure.
What are the benefits of the Kotak Essentia Platinum Credit Card?
Here are the key reasons why you should use this credit card, in simple terms:
1. Save up to 10% on the things you buy every day
One of the best things about this card is that you can save 10% on groceries and anything you buy at department stores. You can earn 10 Saving Points for every ₹100 you spend in these places, but only up to a specific amount each month. You can use these points later to get more money back, which will help you save more over time.
2. Points for each purchase
You gain one Saving Point for every ₹250 you spend on things other than food. You may quickly earn these points and use them to get great stuff, vouchers, or discounts from the Kotak Rewards Catalog.
3. Good things about milestones
If you spend more than a specific amount each year, like ₹1,25,000, you get gift cards worth ₹750. The more you use your card, the more money you get back.
4. No fuel surcharge
With this card, you can save up to ₹3,500 on your gas payment per year. You can save a little extra each time you fill up. This is a great choice for people who drive a lot or travel every day.
5. Cards for Family Members
You can even purchase extra cards for your spouse, parents, or kids who are 18 or older. This helps you keep track of how much money your family spends and get extra reward points as a group.
6. Safety features
The card features an EMV chip, so your transactions are safe. You won’t have to pay anything if you report your card lost or stolen soon.
7. The ability to move balances
You can transfer the balance on your current credit card from another bank to this one and get lower interest rates and easier EMIs, which will help you pay off your debt more easily.
What are the fees for the Kotak Essentia Platinum Credit Card?
Here is a simple breakdown of the Kotak Essentia Platinum Credit Card fee.
| Joining Fee | ₹1,499 + GST |
| Annual Fee | ₹1,499 + GST |
| Add-on Card Fee | No additional charges for family members’ cards. |
| Finance Charges | If you don’t pay your bill in full, a charge of 3.75% per month (42% annually) is applied to the outstanding balance. |
| Cash Advance Fee | 2.5% of the amount withdrawn or ₹500, whichever is higher. |
| Late Payment Fee | For Statement Balance Less than Rs. 101 – Nil Rs. 101 – Rs. 500 – Rs. 150 Rs. 501 – Rs. 5,000 – Rs. 500 Rs. 5,001 – Rs. 20,000 – Rs. 750 Rs. 20,000 & above – Rs. 1,000 |
What are the criteria for getting a Kotak Essentia Platinum Credit Card?
1. Age Requirement:
- You should be between 18 and 65 years of age.
2. Income Requirement:
- Salaried Applicants: A minimum net monthly income is required; however, the bank determines the specific amount, which may vary based on the applicant’s profile.
- Self-Employed Applicants: A minimum ITR amount is required; the bank determines the specific amount and may vary depending on the applicant.
3. Employment Status:
- You should have a regular job or business with a fixed income source.
4. Credit Score:
- A CIBIL score of 700 and above is preferred for sanction.
5. Residency:
- You should be an Indian resident and have proof of a valid address.
What documents are required to get a Kotak Essentia Platinum Credit Card?
The documents that you will have to submit to get the Kotak Essentia Platinum Credit Card are as follows:
| Identity Proof | Aadhaar card, Passport, Voter ID, Driving license, PAN card |
| Address Proof | Utility bills like electricity, water, etcRent agreement, Bank statement, or passbook with your address |
| Income Proof | Salary slip for the last 3 months, if you are a salaried employeeBank statement for the previous 3 monthsITR for self-employed persons |
| Photograph | The latest passport-sized photograph |
Where can the Kotak Essentia Platinum Credit Card be used?
Here is the list of places where you can use it:
- With the Kotak Essentia Platinum Credit Card, you can shop for clothing, electronics, accessories, and more at almost every retail outlet, shopping mall, and e-shopping website.
- You can also use it on websites like Amazon and Flipkart, and make bookings on websites like MakeMyTrip and Yatra.
- You can use the card to pay for your meals in restaurants, cafes, and fast food outlets.
- You can use it to book flight, train, or bus tickets and pay for taxi, Uber, Ola, or hotel bookings.
- You can use your credit card to pay electricity and water bills, mobile bills, and internet services.
- You can use your Kotak Essentia Platinum Credit Card to pay for expensive electronics or appliances through easy monthly installments (EMIs).
- The Kotak Essentia Platinum Credit Card is also accepted in other countries, allowing you to make purchases and payments. It is also accepted wherever Visa is accepted.
What is the credit limit of the Kotak Essentia Platinum Credit Card?
The credit amount you can spend is what you are provided with when you have a Kotak Essentia Platinum Credit Card. It is based on your income, credit score, and other financial history when you are selected for this credit card by the bank.
For instance, if you have a credit limit of ₹50,000, you can only spend up to that amount. If you want to spend more than the limit, the bank will not consider it.
The actual credit limit varies from person to person. A credit limit could be ₹30,000 for one person and ₹1,00,000 for another, or even more, depending on their profile and financial background.
It’s essential to track your expenses and not exceed the credit limit, as exceeding this limit can result in additional penalties and a decrease in your credit score.
How do you apply for the Kotak Essentia Platinum Credit Card?
Apply it through both these modes:
Online Application Process:
- Visit the official website of the Kotak Bank, i.e.
- Go to ‘Cards’, followed by ‘Credit Cards’.
- On that page, you can see numerous options for credit cards issued by Kotak Bank; for instance, you can choose the Kotak Essentia Platinum Credit Card.
- Simply hover your cursor over the Kotak Essentia Platinum Credit Card and select ‘Apply Now‘ from there.
- You will be asked to fill out your details, including your name, contact information, income details, and employment status.
- Be accurate and updated with the information provided.
- You are required to upload documents such as your identity proof, address proof, income proof, and a photograph, as listed above.
- After filling out the details and uploading the documents, review your application to make sure everything is correct.
- Apply online through the application form.
- The bank will check your application after you submit it. They can ask for extra documents or information if required.
- You will be informed about the status of your application, and if approved, your card will be delivered to you.
Offline Application Process:
- You can walk into the nearest Kotak Bank branch to apply for the Kotak Essentia Platinum Credit Card.
- Request the credit card application form for the Kotak Essentia Platinum Credit Card. They will provide you with the form and proceed accordingly.
- Fill in the details in the application form wherever it is required. Care should be taken to ensure that all the information about personal details, income, and jobs provided by the applicant is correct.
- Along with the form, furnish the relevant documents. The list of documents includes Identity proof, Address proof, Proof of income, and a passport photograph.
- Your application will be processed, and your information will be cross-checked at the bank level.
- In case of successful completion, the bank will sanction the credit card with a reply and forward it to the registered address.
- You will receive the Kotak Essentia Platinum Credit Card by post at the same postal address.
- Once you receive your card, you need to activate it by following the instructions in the envelope through the Kotak Bank Card website, mobile app, or customer service.
- For security purposes, you must set your PIN (Personal Identification Number) before you can start using your credit card.
Would getting a Kotak Essentia Platinum Credit Card in 2025 be the right choice?
Obtaining the Kotak Essentia Platinum Credit Card in 2025 can be a good option if you require a credit card with excellent offers, especially for those who shop for lifestyle products. The reward is amazing and comes with the purchase of items such as jewelry. The bank also provides discounts and easy access to the EMI facility.
Kotak Bank is also a strong bank with high customer service, making it a dependable choice. But don’t forget that you should ensure you can handle your credit responsibly in terms of paying the bills and keeping your credit from exceeding its limit. Provided that you are stable in terms of income and you have good credit, it might be a perfect option in 2025.
Conclusion
In short, the Kotak Essentia Platinum Credit Card is one of the best credit cards out there right now for consumers who wish to save money on everyday costs. It is made especially for people who buy food, clothes, and other household items regularly. With this card, you can save up to 10% on certain purchases, so you receive something back every time you spend. This is a major assistance for families, those who work, and stay-at-home moms who want to keep track of their money better.
The card also helps you save money on more than just groceries. You can also earn reward points on other purchases, which you may use to get fun gifts and vouchers. The card also gives you milestone incentives, like gift cards, when you spend a specific amount each year. You get more benefits the more you use the card.
The card also lets you get add-on cards for family members, waives gasoline surcharges, and doesn’t hold you responsible for misplaced cards. You may also access it online, which makes it easy to verify your transactions, pay your bills, and keep track of your rewards at any time. Also, if you wish to lessen the amount of credit card debt you have with other banks, you can use the balance transfer tool and pay less interest.
Frequently Asked Questions (FAQ’s)
Ans: You can apply online at the official Kotak Mahindra Bank website or in person at the nearest Kotak branch. You will need to show proof of your identity, your address, and your income when you apply.
Ans: Yes, the card has an EMV chip, which means it has a lot of protection to keep you safe from fraud. You also won’t be held responsible for any charges if you lose your card or have it stolen and notify the bank.
Ans: Yes, you may see all of your card transactions, due dates, unpaid bills, and reward points through Kotak Net Banking or the mobile app.
Ans: The interest rate is normally between 3.5% and 42% per year. But if you pay your payments on time and in full every month, you won’t have to pay any interest.
Ans: Yes, you can move your balance from other credit cards to this one. This will help you manage your credit card debt better because it has reduced interest rates and easier EMIs.
