Kotak Air Credit Card

Annual feeJoining feeRenewal fee

₹999 + GST₹999 + GST; no condition for waiver (Not Available)

Fee waiver rule

Condition for Waiver of Annual Fees: Minimum retail spends of ₹2.5 lac in an anniversary year. Rent, Wallet, Utility, Education & Transportation categories will be excluded in the calculation of spends based fee waiver

Add-on card fee

Not offered: Add-on Card Issuance Fees NA.

Welcome benefit

Welcome benefit: 1,000 Bonus Air Miles; 1,000 Air Miles will be credited within 120 days of card issuance upon payment of joining fees

Reward rate

1 Air Mile per ₹100 · everyday spends3 Air Miles per ₹100 on flight & hotel bookings through Kotak Unbox (capped at 5,000 per statement cycle); unlimited 1 Air Mile per ₹100 on other purchases; 1 Air Mile = ₹1 on flights & hotels, ₹0.5 on instant vouchers.

Travel earning

3 Air Miles per ₹100 on flight & hotel bookings through Kotak Unbox.

Reward exclusions

Air Miles will not accrue on: Utility/Telecom, Insurance, Education, Government, Rent, Fuel, Wallet Loading, EMI, Online Gaming & Cash Advance.

What one reward unit is worth

On Kotak Unbox: Flight & Hotel Booking: 1 Air Mile =₹1; Instant Voucher Purchase: 1 Air Mile =₹0.5.

Points transfer redemption

Minimum of 1,000 Air Miles is required to transfer to partner airlines/hotels; transfer of Air Miles per card account is capped at 1 Lakh Air Miles in a calendar year

Domestic lounge access

4 complimentary domestic lounge access annually (Primary Cardholders); subject to customer spending ₹60,000 or more in previous calendar quarter; capped at 2 Lounges per calendar quarter; visit validation charges of ₹2 will be charged at the lounge

Renewal benefit

Renewal benefit: 1,000 Bonus Air Miles on completion of each anniversary year; credited within 30 days of annual fee payment

Fuel surcharge waiver

1% fuel surcharge waiver for fuel transactions done on petrol pumps across India; applicable for fuel transactions between ₹500-₹5,000; maximum fuel surcharge waiver capped at ₹3,500 in an anniversary year

Balance transfer terms

Balance Transfer requests will not be processed for amounts less than ₹2,500/ - & greater than 75% of the Credit Limit.

Forex markup

3.5% on foreign currency transactions.

Cash advance fee

2.5% on advance amount, subject to minimum of ₹500

Interest on unpaid balance

3.75% monthly (45.00% annual rate)

Interest-free period

Up to 51 days depending on the Payment Due Date

Late payment fee

Outstanding balance <=₹100: ₹0; >₹100-₹500: ₹100; >₹500-₹1000: ₹500; >₹1000-₹5000: ₹600; >₹5,000-₹10,000: ₹750; >₹10,000-₹25,000: ₹900; >₹25,000-₹50,000: ₹1,100; >₹50,000: ₹1,300.

Payment return or dishonour fee

Cheque Return Fee 2.0% on bounce amount, subject to minimum of ₹500

Card replacement fee

Card Replacement Fees (Lost & Damaged Cards) ₹100.

Cash payment / cash deposit fee

Fee for Cash Payment at branches ₹100.

Education / school fee charge

Fee on Education Payment 1% transaction fee will be applicable on all education payments made via third-party apps.

Fee on online skill-based gaming spends

Fee on Online Skill-Based Gaming 1% fee on cumulative online skill-based gaming spends exceeding ₹10,000 per statement cycle.

Wallet load charge

Fee on Wallet Loading 1% fee on cumulative wallet loading spends exceeding ₹10,000 per statement cycle.

Rent transaction fee

Fee on Rent Payments 1% fee on transaction amount.

Utility transaction fee

Fee on Utility Spends 1% on cumulative utility spends exceeding ₹50,000 per statement cycle.

Minimum amount due

Note: If you spend ₹1,000 and you pay back exactly the Minimum Amount Due ("MAD") every month, then it may result in repayment stretching over 14 months (calculation done with MAD as 1% subject to minimum

Minimum age

18 years (Kotak issues no card, primary or add-on, to anyone under 18)