Kotak Mahindra Bank
Kotak Cashback+ Credit Card
Annual Fee
Lifetime FreeBase Reward
0.5% cashback
Foreign Markup
3.5%
Welcome Benefits
N/A
Product Highlights
- 5% cashback on online food delivery
- 3% cashback on fuel spends
- Unlimited 0.5% cashback on other eligible purchases
Category Rewards
dining
5% on online food, grocery, entertainment
5%
grocery
5% on online food, grocery, entertainment
5%
entertainment
5% on online food, grocery, entertainment
5%
fuel
3% on fuel
3%
Fee Waiver
Spend-Based Waiver On Spends of ₹2 Lakh Each Year
Reward Calculator
Earns ₹3,480/year (net)
Modest gain. Solid hold if you like the perks.
₹16K
across all your buckets
₹3.5K
direct cashback
₹3.5K
via direct credit
Effective rate
1.81%
Annual fee
FREE
Year 1 net
+₹3,480
Year 2+ net
+₹3,480
ongoing
Adjust your spend by reward bucket
3 bucketsSurcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
3.5%Charged on every international (non-INR) transaction
Excluded from rewards
cash advance, rent, wallet, emi, government, education
Fuel surcharge waiver (good news)
1%on ₹400–₹4,000 fuel txns · capped at ₹3,500/cycle
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
5% Cashback on Online Food, Grocery, and Entertainment. 3% Cashback for Fuel.
Redemption
1 Reward Point = ₹1
Benefits & Features
1% Waiver on Transactions Between ₹500 and ₹4000
Pros & Cons
Pros
- Entry-level credit card
- 5% accelerated cashback on online food & grocery delivery
- 3% accelerated cashback on fuel spends
Cons
- No renewal or welcome benefits
- Capped cashback on accelerated categories
Additional Info
The card is best suited for those beginning their credit card journey.
Both accelerated categories capped at 500 Reward Points per statement cycle.
Excluded Categories
Partner Merchants
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
Apply NowOfficial bank website · Secure
Fees & Charges
Eligibility
Networks
Fee Waiver
Spend-Based Waiver On Spends of ₹2 Lakh Each Year