Essentia Platinum is a credit card of entry-level nature, however it can be highly rewarding if it is used in accordance with one’s spending habits and is used in the correct manner. In the Indian market, there is no other card that offers a more rewarding return on grocery and essential expenditure. Therefore, if one is willing to use their card in this manner, they should sign up for the Essentia platinum credit card; it is a credit card that cannot be missed. The card offers a return of 10% on grocery expenditure as Saving Points, which can be redeemable at the Kotak rewards portal or at partner merchants. A single saving point is worth Re. 1. It is a great idea to accumulate Saving Points on grocery expenses and use them to purchase a flight ticket for your next vacation.
HDFC Bank INFINIA Credit Card Metal Edition
Convenient for
Shopping
Joining fee
Rs.1,499 plus GST
Reward Type
Reward Points
Product Details
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Savings points that can be earned as rewards for every transactions.
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Department stores and supermarket stores offer 10 Saving Points for every $100 purchased (with a minimum transaction of Rs. 1,500 and a maximum transaction of Rs. 4,000).
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500 Saving Points may be earned each month on purchases made at grocery and department stores.
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On all other purchases, there is a cap of 250 rupees, but there is 1 saving point per 250 rupees.
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Redeemable on the Kotak Rewards Portal or for payments at partner retailers, 1 Saving Point is equal to 1 Re.
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6 movie tickets or 1200 reward points after spending Rs. 1,25,000 over the course of six months.
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support for Visa payWave contactless payments. For transactions up to Rs. 5,000, no PIN is necessary.
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Priority help with KASSIST.
Features and Benefits Kotak Bank Essentia Platinum Credit Card
Reward points
- Kotak Saving Points can be obtained by using this credit card.
- Spending at supermarket and department stores earns 10 Saving Points for every 100 Rupees.
- On all other purchases, including those made at petrol stations, 1 Saving Point is equal to Rs. 250.
- Only transactions between Rs. 1,500 and Rs. 4,000 are eligible for the expedited rate of earning Saving Points in supermarket and department stores, which is capped at 500 Saving Points per month (at accelerated rate). Saving Points gained for any other expenditures (at the lower rate of 1 Saving Point/Rs. 250) are not subject to limits.
- 1 Re is equal to 1 Saving Point.
- Saving Points are only valid for two years before they expire.
Additional features
This card has been specifically designed to cater to individuals who are passionate about shopping. It offers a generous 10% discount on purchases made at both departmental and grocery stores. The card rewards users with 10 saving points for every ₹100 spent, with one point equating to ₹1. However, transactions should not exceed ₹1,500 and no more than 4,000. Up to 500 points per month are rewarded to its users. The saving points earned by the card can be easily redeemed as cash. Additionally, the card offers 1 saving point for each ₹250 purchase made in categories other than departmental and grocery. Furthermore, the card offers a variety of offers to its users, both online and offline.
The card also includes the KASSIST feature, which enables clients to receive services on a basis of priority. KASSIST provides customers with the convenience of being able to reach executives in a short amount of time, eliminating the need for long wait times on calls to customer call centres. To take advantage of this facility, customers can simply type the keyword KASSIST into their mobile device and send a message to the designated number (5676788) to receive a call from a service centre within 30 minutes. The facility is accessible to all customers from 10am to 6pm on all days except Sundays. Additionally, users can apply for an add-on card and set their credit limit. This card offers a reward of up to 1200 reward points, or 6 complimentary PVR tickets, to those who have spent a total of 1.25,000 rupees through their cards in a period of three months.
This card is accessible to the user for a joining fee of 1,499₹. The primary card has an annual fee of 799₹ per year. An add-on card is available for a yearly fee of 299₹.
Milestone benefits
Redeeming the rewards
Insurance benefits
Eligibility requirements Kotak Bank Essentia Platinum Credit Card
If you’re between the ages of 21 and 65, you can apply for an Essentia platinum credit card. Plus, if you’re 18 or older, you can get an add-on credit card too. You’ll only be able to apply for this card if you’re an Indian resident, and you can only get it in the following cities: Ahmedabad, Chandigarh Bangalore, Chennai, Delhi (including Noida and Gurgaon), Hyderabad, Mumbai, Kolkata, Navi Mumbai, and Pune.
Application procedure
It is very easy to apply for credit cards. You can do it online by visiting the card’s page on the website of the bank. Or, you can fill in the form provided on the bank’s website. The bank’s officials will contact you accordingly.
You will need to provide a few documents for KYC purposes.
Required documentation
The following documents are required for Kotak bank Essentia platinum credit card:
Identity proof:
- Voter’s Card
- Aadhar Card
- PAN Card
- Passport
- Driving License
Address Proof:
- Utility bills of the last 3 months,
- Ration Card,
- Aadhaar Card or Passport
Income Proof
The last 3 months’ salary slips/Bank statements, or the last audited ITR.
Closing words
In our opinion, there is no more advantageous credit card for those who pay for all their grocery (and other essential) expenses with their credit card. This credit card offers a return of 10% on grocery and departmental store purchases. To benefit from this credit card (and thus to earn the highest number of Saving Points), one must spend a minimum of Rs. 5000 per month at grocery / departmental stores. This credit card is designed with the needs of each shopper in mind. If one spends a significant amount of money, then this credit card is definitely worth considering.
Frequently asked questions related to Kotak Bank Essentia Platinum Credit Card
The saving points are valid for 2 years from the date of issuance of the card.
No, the fuel Surcharge is not Waived. However, you do get some saving points for fuel stations. (1Point/INR250)
No, you cannot pay at store but on partner stores.