What is the annual fee of the Kotak Air+ Credit Card?

Rs 3,000 a year, before GST. It is waived if you spend Rs 4,00,000 in a year.

Does the Kotak Air+ Credit Card give airport lounge access?

Yes. In India: 4 per calendar year, max 2 per quarter. Outside India: 2 per calendar year via Priority Pass. Conditions: Primary cardholder only; no spend condition stated; Rs 2 / USD 1 validation charge (USD 1 reversed)

What is the forex markup on the Kotak Air+ Credit Card?

2% of each foreign-currency transaction, before GST.

Which spends earn no rewards on the Kotak Air+ Credit Card?

Utility/telecom, insurance, education, government, rent, fuel, wallet loads, EMI, online gaming, cash advance, international transactions (MCC list in T&C)

M16S / Kotak Mahindra Bank / Kotak Air+ Credit Card

mid · travel, rewards

Kotak Air+ Credit Card

Kotak Mahindra BankLast checked 11 Oct 2026

The Kotak Air+ Credit Card costs Rs 3,000 a year, waived if you spend Rs 4,00,000 in a year. Its base return is 2% (2 Air Miles per Rs 100). Accelerated earn: 5 Air Miles per Rs 100 on flight and hotel bookings via Kotak Unbox. The forex markup is 2%. Lounge visits in India: 4 per calendar year, max 2 per quarter. Abroad: 2 per calendar year via Priority Pass. Read from the issuer's own documents on 11 Oct 2026.

Annual fee: Rs 3,000+ GST
Fee waived at: Rs 4,00,000annual spend
Base return: 2%
Forex markup: 2%
Interest: 3.5%a month

Apply on kotak.bank.inOpens the bank’s own page.

Fees

Joining fee	Rs 3,000
Annual fee	Rs 3,000
Annual spend that waives the fee	Rs 4,00,000
Fee notes	MITC: Rs 3,000 joining and annual, annual waived on Rs 4 lakh retail spend in the anniversary year. Issuer listing shows joining Rs 0 as a limited-time offer.

Rewards

Welcome benefit	2,500 Air Miles within 120 days, only if the joining fee is paid; 2,500 Air Miles on each renewal fee paid
Reward currency	Kotak Air Miles
Base earn	2 Air Miles per Rs 100
Base return	2%
Point value	1 Air Mile = Rs 1 on flights/hotels via Kotak Unbox
Accelerated earn	5 Air Miles per Rs 100 on flight and hotel bookings via Kotak Unbox
Caps	Incremental accelerated miles capped at 15,000 per statement cycle, then 2 per Rs 100
Spends that earn nothing	Utility/telecom, insurance, education, government, rent, fuel, wallet loads, EMI, online gaming, cash advance, international transactions (MCC list in T&C)
Points expiry	3 years from accrual
Reward notes	Min 200 miles to redeem; miles cover at most 80% of a booking. No statement-credit redemption. International spends earn nothing. base_return_pct = 2 miles per Rs 100 at Rs 1.

Transfers

Partners	Air Canada Aeroplan, Air France-KLM Flying Blue, British Airways, Cathay Pacific, Etihad Airways, Qatar Airways, United MileagePlus, Accor ALL, Marriott Bonvoy
Ratio	2 Air Miles : 1 for all listed airlines and Accor; 3 : 1 for Marriott. Min 1,000 miles, no maximum.

Travel and perks

Domestic lounge	4 per calendar year, max 2 per quarter
International lounge	2 per calendar year via Priority Pass
Lounge conditions	Primary cardholder only; no spend condition stated; Rs 2 / USD 1 validation charge (USD 1 reversed)
Forex markup	2%
Fuel surcharge waiver	1% on Rs 400-7,500 txns, cap Rs 4,500 per anniversary year

Charges and eligibility

Interest per month	3.5%
Late payment fee	By outstanding balance: <=100 nil; 100-500 Rs 100; 500-1,000 Rs 500; 1,000-5,000 Rs 600; 5,000-10,000 Rs 750; 10,000-25,000 Rs 900; 25,000-50,000 Rs 1,100; >50,000 Rs 1,300
Cash advance fee	2.5% min Rs 500
Eligibility	Not stated on issuer page
Fine-print notes	2% forex markup but international spends earn no Air Miles. Transfer value is half a partner mile per Air Mile. MITC surcharges: 1% on utility spend above Rs 75,000/cycle, fuel above Rs 50,000/cycle, wallet loads above Rs 10,000/cycle, online gaming above Rs 10,000/cycle, education via third-party apps; rent 1% + GST.

Questions

What is the annual fee of the Kotak Air+ Credit Card?: Rs 3,000 a year, before GST. It is waived if you spend Rs 4,00,000 in a year.
Does the Kotak Air+ Credit Card give airport lounge access?: Yes. In India: 4 per calendar year, max 2 per quarter. Outside India: 2 per calendar year via Priority Pass. Conditions: Primary cardholder only; no spend condition stated; Rs 2 / USD 1 validation charge (USD 1 reversed)
What is the forex markup on the Kotak Air+ Credit Card?: 2% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the Kotak Air+ Credit Card?: Utility/telecom, insurance, education, government, rent, fuel, wallet loads, EMI, online gaming, cash advance, international transactions (MCC list in T&C)