Kotak Mahindra Bank
Kotak Veer Select Credit Card
Annual Fee
₹1,179₹999 + GSTBase Reward
3% points
Foreign Markup
3.5%
Welcome Benefits
Complimentary IHO membership worth ₹8,500 on spending ₹500 within the first 30 days of card issuance.
Product Highlights
- Complimentary IHO membership worth ₹8,500 as a welcome benefit on spending ₹500 in the first 30 days.
- Earn 9 reward points on every ₹200 spent on movies, dining, grocery, and departmental stores.
- 1% fuel surcharge waiver across all fuel stations (capped at ₹3,500 per annum).
- Annual fee waiver on spending ₹1,00,000.
Category Rewards
dining
9 RP / ₹200 on Dining, Movies, Departmental stores, Grocery
1.125X
entertainment
9 RP / ₹200 on Dining, Movies, Departmental stores, Grocery
1.125X
Specialty
9 RP / ₹200 on Dining, Movies, Departmental stores, Grocery
1.125X
grocery
9 RP / ₹200 on Dining, Movies, Departmental stores, Grocery
1.125X
Fee Waiver
Waived on ₹1L annual spend
Reward Calculator
Costs you ₹324/year
Break-even needs ~₹17,927/month at your reward mix.
₹13K
across all your buckets
3.4K
Kotak Reward Points
₹855
via standard · ₹0.25/pt
Effective rate
0.55%
Annual fee
₹1,179
Year 1 net
₹-324
Year 2+ net
₹-324
ongoing
Adjust your spend by reward bucket
2 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
fuel, cash advance, rent, wallet, emi, government, education
Fuel surcharge waiver (good news)
1%on ₹500–₹3,000 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 9 reward points on every ₹200 spent on movies, dining, grocery, and departmental stores. Earn 3 reward points on every ₹200 spent in all other categories.
- 1 Kotak Reward Point = ₹0.25.
Benefits & Features
Domestic: 8 complimentary domestic airport lounge access per year (capped at 2 per quarter). International: NA Complimentary access to domestic airport lounges.
Pros & Cons
Pros
- Zero joining fee.
- High reward rate on movies, dining, grocery, and departmental stores.
- Complimentary domestic lounge access.
Cons
- Annual fee of ₹599 after the first year unless waived.
- No international lounge access.
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
Fee Waiver
Waived on ₹1L annual spend