M16S / Kotak Mahindra Bank / Kotak UPI RuPay Credit Card
entry · upi, lifetime-free, rewards
Kotak UPI RuPay Credit Card
The Kotak UPI RuPay Credit Card charges no annual fee and no joining fee. Its base return is 0.3% (3 points per Rs 100 on UPI and regular card spends). 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
- Free
- Fee waived at
- —
- Base return
- 0.3%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on kotak.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Lifetime free virtual card; no physical card and no add-ons. |
Rewards
| Reward currency | Reward Points |
|---|---|
| Base earn | 3 points per Rs 100 on UPI and regular card spends |
| Base return | 0.3% |
| Point value | 1,000 points = Rs 100 (Rs 0.10 per point); minimum 1,000 points to redeem |
| Caps | Utility spends earn only up to Rs 35,000 per statement cycle |
| Spends that earn nothing | Wallet loads, online skill-based gaming, insurance, government, rent, education, fuel, railway, EMI, balance transfer |
| Reward notes | base_return_pct = 3 points per Rs 100 x Rs 0.10 = 0.3%. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | Not eligible |
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 | Age 18+; must be an existing Kotak credit card holder |
| Fine-print notes | Only available as a second card to existing Kotak cardholders. 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 UPI RuPay Credit Card?
- No annual fee.
- Does the Kotak UPI RuPay Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Kotak UPI RuPay Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Kotak UPI RuPay Credit Card?
- Wallet loads, online skill-based gaming, insurance, government, rent, education, fuel, railway, EMI, balance transfer