IRCTC SBI Platinum RuPay Card vs Kotak Mojo RuPay Platinum Credit Card: Which is Better in 2026?
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In short: IRCTC SBI Platinum has the lower annual fee (₹500 vs ₹1,000); IRCTC SBI Platinum includes 4 railway lounge visits a year, Kotak Mojo 8 airport lounge visits a year; both charge a 3.5% forex markup.
| Key facts | IRCTC SBI Platinum | Kotak Mojo |
|---|---|---|
| Annual fee | ₹500 | ₹1,000 |
| Joining fee | Not listed | ₹1,000 |
| Annual fee waived | Not listed | On ₹1 lakh annual spend |
| Lounge access | 4 railway lounge visits a year | 8 airport lounge visits a year |
| Forex markup | 3.5% | 3.5% |
From issuer benefit data, checked 23 Oct 2026. Rewards, milestones and welcome benefits are in the full table below.
The Irctc Sbi Platinum Rupay Card and the Kotak Mojo Rupay Platinum Credit Card both operate on the Rupay network and cater to users looking for rewards and travel benefits. While the Irctc SBI card focuses on railway-related rewards and offers fewer lounge accesses, the Kotak Mojo card provides more airport lounge visits and quarterly milestone rewards. Both cards have similar forex markup fees but differ in annual fees and reward redemption value.
Comparison notes and quick badges use AI, grounded in the benefit data shown in the table. Confirm details on each issuer’s site.
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| Feature | Irctc Sbi Platinum Rupay Card | Kotak Mojo Rupay Platinum Credit Card |
|---|---|---|
| Bank | SBI Cards | Kotak Mahindra Bank |
| Network | Rupay | Rupay |
| Joining fee | — | Joining Fee of Rs.1000 |
| Annual / renewal fee | Annual Fee of Rs.500 | Annual Fee of Rs.1000 |
| Annual fee waiver | — | Second Year Fee Waived Upon Spending Rs.1 Lakhs |
| Reward rate (headline) | Earn 1 Reward Points Per Rs.125 Spent on Retail | Earn 1 Mojo Points on every Rs.100 |
| Lounge — domestic | Enjoy 4 Complimentary Railway Lounge Access in a Year | Enjoy 8 Complimentary Airport Lounge Access Per Year |
| Welcome benefit | Welcome Benefits - 350 activation Bonus Reward Points | — |
| Milestone benefit | Milestone benefits - Earn 500 Reward Points | Earn 2500 Mojo Points Every Quarter on Spending Rs.75000 |
| Foreign currency markup | 3.5% - Foreign Currency Transactions | 3.5% - Foreign Currency Transactions |
Which is better for rewards?
The Kotak Mojo Rupay Platinum Credit Card offers a more rewarding points system with 1 Mojo Point per Rs.100 spent and 2.5 points on online purchases, plus a quarterly milestone bonus of 2500 Mojo Points on spending Rs.75,000. In contrast, the Irctc Sbi Platinum Rupay Card awards 1 Reward Point per Rs.125 spent and up to 10% value back as reward points on IRCTC travel spends, with smaller milestone and welcome bonuses. However, Kotak's points have a lower redemption value per point compared to Irctc SBI's 1 Reward Point = Rs.1 redemption on travel, making the choice dependent on spending patterns and redemption preferences.
Which is better for travel?
For travel benefits, the Kotak Mojo Rupay Platinum Credit Card provides 8 complimentary airport lounge accesses annually, double the 4 railway lounge accesses offered by the Irctc Sbi Platinum Rupay Card. The Kotak card also has a quarterly milestone reward tied to spending, which may benefit frequent travelers. Both cards lack international lounge access and have the same forex markup of 3.5%, so domestic travel perks and lounge access volume favor the Kotak Mojo card.
Which has lower effective cost?
The Irctc Sbi Platinum Rupay Card charges a lower annual fee of Rs.500 without a stated joining fee, whereas the Kotak Mojo Rupay Platinum Credit Card has a Rs.1000 joining and renewal fee, though the second-year fee is waived upon spending Rs.1 lakh. Card replacement fees are higher for the Irctc SBI card (Rs.250) compared to Kotak's Rs.100. Both cards have a 2.5% cash advance fee. Overall, the Irctc SBI card is more cost-effective for users with moderate spending who want to avoid higher upfront fees.
Reward Redemption Value
The Irctc Sbi Platinum Rupay Card offers reward redemption at a rate of 1 Reward Point = Rs.1 specifically for IRCTC travel bookings, which is a straightforward and high-value redemption. In contrast, Kotak Mojo Points redeem at Rs.0.25 per point for products and Rs.0.40 per point against statement balance, requiring more points for equivalent value. This difference affects the effective value of rewards depending on redemption preferences.
Fee Waiver Conditions
Kotak Mojo Rupay Platinum Credit Card waives the second-year annual fee if the cardholder spends Rs.1 lakh, which can reduce the effective cost for high spenders. The Irctc Sbi Platinum Rupay Card does not specify any fee waiver conditions, making its Rs.500 annual fee fixed. Users should consider their spending ability when evaluating the cost-effectiveness of these cards.
Who should pick Irctc Sbi Platinum Rupay Card?
Consider Irctc Sbi Platinum Rupay Card if you primarily travel by train and value reward points that can be redeemed at par value for IRCTC travel spends. This card is also suitable if you prefer a lower annual fee and want complimentary railway lounge access. It is a practical choice for moderate spenders looking for straightforward rewards and fuel surcharge waiver benefits.
Who should pick Kotak Mojo Rupay Platinum Credit Card?
Consider Kotak Mojo Rupay Platinum Credit Card if you seek higher lounge access benefits with 8 complimentary airport lounge visits per year and a more aggressive rewards program, especially for online spending. This card suits users with higher quarterly spends who can leverage the milestone rewards and are comfortable with a higher joining fee that can be waived in the second year. It is ideal for frequent travelers who want more lounge access and better reward point accrual.
Frequently Asked Questions
The Irctc Sbi Platinum Rupay Card has an annual fee of Rs.500, while the Kotak Mojo Rupay Platinum Credit Card charges Rs.1000 as annual and joining fee, with the second-year fee waived upon spending Rs.1 lakh.
Irctc Sbi Platinum Rupay Card offers 4 complimentary railway lounge accesses per year, whereas Kotak Mojo Rupay Platinum Credit Card provides 8 complimentary airport lounge accesses annually.
Both cards charge a forex markup fee of 3.5% on foreign currency transactions.
Yes, the Irctc SBI card offers 500 Reward Points as a milestone benefit on payment of the renewal fee, while the Kotak Mojo card provides 2500 Mojo Points every quarter upon spending Rs.75,000.
Irctc SBI card allows redemption at 1 Reward Point = Rs.1 for IRCTC travel, whereas Kotak Mojo Points redeem at Rs.0.25 per point for products and Rs.0.40 per point against statement balance.
Both cards offer a 1% fuel surcharge waiver across all petrol pumps.