Kotak Mahindra Bank
Kotak Mahindra Bank UPI RuPay Credit Card
Annual Fee
Lifetime FreeBase Reward
3% points
Foreign Markup
3.5% Per Transaction + GST
Welcome Benefits
N/A
Product Highlights
- Lifetime free RuPay credit card
- Virtual RuPay credit card
- Link to UPI applications like Google Pay, Paytm, PhonePe
Reward Calculator
Earns ₹900/year (net)
Modest gain. Solid hold if you like the perks.
₹25K
across all your buckets
9K
Kotak Reward Points
₹900
via standard · ₹0.1/pt
Effective rate
0.30%
Annual fee
FREE
Year 1 net
+₹900
Year 2+ net
+₹900
ongoing
Adjust your spend by reward bucket
1 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
rent, fuel, railway, wallet, emi, education, balance transfer, insurance, government, online gaming
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
Earn three Reward Points on every spend of ₹100 made with this card. There is no capping on Reward Points earned.
- 1,000 Reward Points = ₹100
Pros & Cons
Pros
- You can earn reward points on your UPI spends with this card.
- Earn 3 Reward Points per spend of ₹100 made with this card.
Cons
- There are no welcome benefits associated with this card.
- Apart from reward points, there aren’t many benefits with this card.
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
Min Age
18 yrs
Networks