M16S / Kotak Mahindra Bank / Kotak Cashback+ Credit Card
entry · cashback
Kotak Cashback+ Credit Card
The Kotak Cashback+ Credit Card costs Rs 750 a year, waived if you spend Rs 2,00,000 in a year. Its base return is 0.5% (0.5% on other eligible spends, unlimited). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 750+ GST
- Fee waived at
- Rs 2,00,000annual spend
- Base return
- 0.5%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on kotak.bank.inOpens the bank’s own page.
Fees
| Joining fee | Rs 750 |
|---|---|
| Annual fee | Rs 750 |
| Annual spend that waives the fee | Rs 2,00,000 |
| Fee notes | MITC lists Rs 750 joining and Rs 750 annual; issuer listing page shows joining Rs 0 as a limited-time first-year-free offer. Fees may vary by channel and customer type. |
Rewards
| Reward currency | Cashback points (1 point = Rs 1) |
|---|---|
| Base earn | 0.5% on other eligible spends, unlimited |
| Base return | 0.5% |
| Point value | 1 point = Rs 1 as cashback, claimed on Kotak Unbox |
| Accelerated earn | 5% on online grocery, online food delivery, online movie tickets and OTT (e-commerce MCCs 5411, 5422, 5441, 5451, 5462, 5499, 5812, 5814, 5968, 7832, 7922, 4899, 7829); 3% on fuel (MCC 5172, 5541, 5983) |
| Caps | Accelerated cashback (5% and 3% together) capped at 750 per billing cycle; after the cap those categories earn nothing, not the base rate. Cashback earned in whole rupees only. |
| Spends that earn nothing | Rent, B2B, utilities, insurance, education, government, wallet, online skill-based gaming, EMI conversions, balance transfer |
| Points expiry | 1 year from accrual if unclaimed |
| Reward notes | Cashback is not auto-credited; it must be claimed on Kotak Unbox. No redemption fee. Offline grocery, dining and entertainment earn only 0.5%. RuPay variant: UPI spends earn 0.5% only, even in accelerated categories. base_return_pct = stated base rate. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on Rs 500-4,000 txns, cap Rs 3,500 per anniversary year |
| Other freebies | BookMyShow 20% off up to Rs 150 on min Rs 299, once a month (offer stated valid till 30 Sep 2026) |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| 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 | Cash withdrawal not available |
| Eligibility | Not stated on issuer page |
| Fine-print notes | The 750 cap means the 5% rate stops at Rs 15,000 of accelerated spend a month. MITC surcharges: 1% on utility spend above Rs 35,000/cycle, fuel above Rs 25,000/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 Cashback+ Credit Card?
- Rs 750 a year, before GST. It is waived if you spend Rs 2,00,000 in a year.
- Does the Kotak Cashback+ Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Kotak Cashback+ Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Kotak Cashback+ Credit Card?
- Rent, B2B, utilities, insurance, education, government, wallet, online skill-based gaming, EMI conversions, balance transfer