Question 1

Is Kotak Essentia Platinum Credit Card worth the ₹749 annual fee?

Accepted Answer

Kotak Essentia Platinum Credit Card has an annual fee of ₹749. The fee can be waived if you spend ₹50k/year. With a base reward rate of 0.3% (up to 1%),  and a CardTrail Score of 5.2/10, it may suit specific spending patterns.

Question 2

What is the reward rate on Kotak Essentia Platinum Credit Card?

Accepted Answer

Kotak Essentia Platinum Credit Card offers a base reward rate of 0.3% on regular spends, going up to 1% on select categories. Rewards are earned as Kotak Rewards. New cardholders also get a welcome bonus of None.

Question 3

Does Kotak Essentia Platinum Credit Card have airport lounge access?

Accepted Answer

No, Kotak Essentia Platinum Credit Card does not include complimentary airport lounge access.

Question 4

What is the forex markup on Kotak Essentia Platinum Credit Card?

Accepted Answer

Kotak Essentia Platinum Credit Card charges a 3.5% forex markup on international transactions, plus 18% GST on the markup (effective rate: 4.13%). For international spends, consider zero-forex alternatives like Scapia or IDFC First Wealth.

Question 5

Kotak Essentia Platinum Credit Card vs Fibe Axis Bank Credit Card — which is better?

Accepted Answer

Kotak Essentia Platinum Credit Card (CardTrail Score: 5.2/10) and Fibe Axis Bank Credit Card (Score: 8.9/10) are both entry level cards. Kotak Essentia Platinum Credit Card by Kotak has a ₹749 fee with 0.3% base rewards, while Fibe Axis Bank Credit Card by Axis has a no annual fee with 1% base rewards. Use our comparison tool for a detailed side-by-side analysis.

Kotak Essentia Platinum Credit Card

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