Kotak Mojo RuPay Platinum Credit Card vs Ola Money SBI Visa Platinum Credit Card: Which is Better in 2026?
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In short: both charge a 3.5% forex markup.
| Key facts | Kotak Mojo | Ola Money SBI |
|---|---|---|
| Annual fee | ₹1,000 | Not listed |
| Joining fee | ₹1,000 | Not listed |
| Annual fee waived | On ₹1 lakh annual spend | On ₹1 lakh annual spend |
| Top reward rate | 2.5 Mojo Points on every ₹100 on Online | 7% Reward Points On All Ola Rides |
| Base rewards | 1 Mojo Points on every ₹100 | 1% Rewards On All Spends |
| Lounge access | 8 airport lounge visits a year | Not listed |
| Forex markup | 3.5% | 3.5% |
From issuer benefit data, checked 25 Oct 2026. Milestones, welcome benefits and caps are in the full table below.
What you'd earn in a year
On ₹20,000 a month with ₹5,000 at each card's top rate, Ola Money SBI returns about ₹4,680 more a year (₹6,000 vs ₹1,320 in rewards).
| Spend profile | Kotak Mojo | Ola Money SBI |
|---|---|---|
| Reward value: top rate / base rate | 1% / 0.4% | 7% / 1% |
| ₹20,000 a month, all general spends | ₹960 | ₹2,400 |
| ₹20,000 a month, ₹5,000 of it at each card's top rate | ₹1,320 | ₹6,000 |
| Annual fee | ₹1,000 | Not in our data |
Estimates from the earn rates above, with stated cashback caps applied, before exclusions. Reward points are valued at the card's best listed redemption (often travel or vouchers via the bank's portal); cash-back on the statement is usually worth less. Annual fees may be waived on spend (see the table below).
Ola Money Sbi Visa Platinum Credit Card shows a stronger headline earn rate in the first reward band we surface. Kotak Mojo Rupay Platinum Credit Card currently has more lounge detail available from the issuer data we index. Always confirm current fees and offers on the issuer’s site before you apply.
Last updated:
| Feature | Kotak Mojo Rupay Platinum Credit Card | Ola Money Sbi Visa Platinum Credit Card |
|---|---|---|
| Bank | Kotak Mahindra Bank | SBI Cards |
| Network | Rupay | Visa |
| Joining fee | Joining Fee of Rs.1000 | — |
| Annual / renewal fee | Annual Fee of Rs.1000 | No Annual Fees - First Year Free |
| Annual fee waiver | Second Year Fee Waived Upon Spending Rs.1 Lakhs | Spend Rs.1 Lakhs For Waiver of Renewal Fee |
| Top reward rate | Earn 2.5 Mojo Points on every Rs.100 on Online | Earn 7% Reward Points On All Ola Rides |
| Base rate (other spends) | Earn 1 Mojo Points on every Rs.100 | Earn 1% Rewards On All Spends |
| Lounge — domestic | Enjoy 8 Complimentary Airport Lounge Access Per Year | — |
| Fuel surcharge waiver | 1% Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver |
| Milestone benefit | 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?
Ola Money Sbi Visa Platinum Credit Card shows a higher headline earn signal in the reward summaries we index (Earn 7% Reward Points On All Ola Rides vs Earn 2.5 Mojo Points on every Rs.100 on Online). If you optimise for points or cashback on daily spend, start with that card’s reward bands — then model redemptions you actually use.
Which is better for travel?
Kotak Mojo Rupay Platinum Credit Card has richer lounge-related fields in our current benefits extract (domestic: Enjoy 8 Complimentary Airport Lounge Access Per Year; international: —). Frequent flyers should still confirm guest access, visit limits and participating airports with the issuer.
Which has lower effective cost?
Renewal fee wording differs between issuers, so compare the “Annual / renewal fee” row directly: Kotak Mojo Rupay Platinum Credit Card — Annual Fee of Rs.1000 Ola Money Sbi Visa Platinum Credit Card — No Annual Fees - First Year Free Then read waiver rules; a higher published fee can still be cheaper net if you usually clear spend-based waivers.
Who should pick Kotak Mojo Rupay Platinum Credit Card?
Consider Kotak Mojo Rupay Platinum Credit Card if you already bank with Kotak Mahindra Bank, and the fee, waiver and earn rows above line up with how you spend each month. Use CardChat on that card for deeper, personalised follow-ups.
Who should pick Ola Money Sbi Visa Platinum Credit Card?
Consider Ola Money Sbi Visa Platinum Credit Card if you already bank with SBI Cards, and the fee, waiver and earn rows above line up with how you spend each month. Use CardChat on that card for deeper, personalised follow-ups.
Frequently Asked Questions
From the lounge fields in our benefit data: Kotak Mojo Rupay Platinum Credit Card — domestic: Enjoy 8 Complimentary Airport Lounge Access Per Year; international: —. Ola Money Sbi Visa Platinum Credit Card — domestic: —; international: —. Guest rules, networks and visit caps change — confirm on the Kotak Mahindra Bank and SBI Cards websites before you travel.
We could not parse both renewal fees reliably from our benefit feed for this pair. Compare the “Annual / renewal fee” row in the table above, then confirm on the Kotak Mahindra Bank and SBI Cards websites.
On the first reward band we surface, Ola Money Sbi Visa Platinum Credit Card shows a stronger headline earn (Earn 7% Reward Points On All Ola Rides vs Earn 2.5 Mojo Points on every Rs.100 on Online). Category bonuses, caps and redemption value decide real-world returns — map this to where you actually spend.
Kotak Mojo Rupay Platinum Credit Card: Second Year Fee Waived Upon Spending Rs.1 Lakhs Ola Money Sbi Visa Platinum Credit Card: Spend Rs.1 Lakhs For Waiver of Renewal Fee Spend thresholds and anniversary rules change; confirm the latest T&Cs.
Kotak Mojo Rupay Platinum Credit Card: 3.5% - Foreign Currency Transactions Ola Money Sbi Visa Platinum Credit Card: 3.5% - Foreign Currency Transactions Lower published foreign-currency markup is usually better for overseas and foreign-currency online spend; confirm the live rate and exclusions on the Kotak Mahindra Bank and SBI Cards websites.