Kotak Mojo RuPay Platinum Credit Card vs Paytm HDFC Bank Business Credit Card: Which is Better in 2026?
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In short: Paytm HDFC Business has the lower annual fee (₹500 vs ₹1,000); both charge a 3.5% forex markup.
| Key facts | Kotak Mojo | Paytm HDFC Business |
|---|---|---|
| Annual fee | ₹1,000 | ₹500 |
| Joining fee | ₹1,000 | ₹500 |
| Annual fee waived | On ₹1 lakh annual spend | On ₹50,000 annual spend |
| Top reward rate | 2.5 Mojo Points on every ₹100 on Online | 3% Cashpoints on Purchases on Paytm |
| Base rewards | 1 Mojo Points on every ₹100 | 1% Cashpoints on all other Retail 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, Paytm HDFC Business returns about ₹2,780 more a year after annual fees (₹3,600 vs ₹1,320 in rewards).
| Spend profile | Kotak Mojo | Paytm HDFC Business |
|---|---|---|
| Reward value: top rate / base rate | 1% / 0.4% | 3% / 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 | ₹3,600 |
| Annual fee | ₹1,000 | ₹500 |
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).
Paytm Hdfc Bank Business Credit Card lists a lower headline annual fee in our data (around ₹500 apart), before waivers. 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 | Paytm Hdfc Bank Business Credit Card |
|---|---|---|
| Bank | Kotak Mahindra Bank | HDFC Bank |
| Network | Rupay | Visa |
| Joining fee | Joining Fee of Rs.1000 | Joining Fee of Rs.500 |
| Annual / renewal fee | Annual Fee of Rs.1000 | Renewal Fee of Rs.500 |
| Annual fee waiver | Second Year Fee Waived Upon Spending Rs.1 Lakhs | Spend Rs.50000 For Renewal Fee Waiver |
| Top reward rate | Earn 2.5 Mojo Points on every Rs.100 on Online | 3% Cashpoints on Purchases on Paytm |
| Base rate (other spends) | Earn 1 Mojo Points on every Rs.100 | 1% Cashpoints on all other Retail Spends |
| Lounge — domestic | Enjoy 8 Complimentary Airport Lounge Access Per Year | — |
| Fuel surcharge waiver | 1% Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver |
| Welcome benefit | — | Activation Benefits - Enjoy Rs.250 Worth Gift Voucher |
| Milestone benefit | Earn 2500 Mojo Points Every Quarter on Spending Rs.75000 | Get Rs.500 Gift Voucher on Spend Rs.1 Lakh |
| Foreign currency markup | 3.5% - Foreign Currency Transactions | 3.50% - Foreign Currency Transactions |
Which is better for rewards?
Paytm Hdfc Bank Business Credit Card shows a higher headline earn signal in the reward summaries we index (3% Cashpoints on Purchases on Paytm 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?
Paytm Hdfc Bank Business Credit Card appears cheaper on headline renewal fee in our data before waivers. If you are fee-sensitive, also read the waiver rules in the table — a higher sticker fee can still be net-negative cost if you naturally clear spend thresholds.
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 Paytm Hdfc Bank Business Credit Card?
Consider Paytm Hdfc Bank Business Credit Card if you already bank with HDFC 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.
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: —. Paytm Hdfc Bank Business Credit Card — domestic: —; international: —. Guest rules, networks and visit caps change — confirm on the Kotak Mahindra Bank and HDFC Bank websites before you travel.
From the renewal-fee lines we index, the headline amounts are about ₹500 vs ₹1,000 per year before taxes and waivers. Campaigns and customer-specific pricing differ — use the comparison table and the Kotak Mahindra Bank and HDFC Bank websites for the final number.
On the first reward band we surface, Paytm Hdfc Bank Business Credit Card shows a stronger headline earn (3% Cashpoints on Purchases on Paytm 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 Paytm Hdfc Bank Business Credit Card: Spend Rs.50000 For Renewal Fee Waiver Spend thresholds and anniversary rules change; confirm the latest T&Cs.
Kotak Mojo Rupay Platinum Credit Card: 3.5% - Foreign Currency Transactions Paytm Hdfc Bank Business Credit Card: 3.50% - 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 HDFC Bank websites.
Kotak Mojo Rupay Platinum Credit Card: Not in our extract. Paytm Hdfc Bank Business Credit Card: Activation Benefits - Enjoy Rs.250 Worth Gift Voucher Welcome campaigns are time-bound — verify eligibility and fulfilment on the Kotak Mahindra Bank and HDFC Bank websites.