Kotak Cashback+ Credit Card

Not rated yet - COFFER rates a card only after reading every document the bank publishes for it. How we rate

Open to new applications · Earns cashback

First-year fee

₹750 to join.

Annual fee

₹750 a year.

What it gives back

0.5% cashback · everyday spends

Read from 4 Kotak Mahindra Bank documents, last checked 19 Oct 2026.

How it compares

Compared with the cards we have read

₹750 annual fee: of the 273 other open cards whose annual fee we have read, 157 state a lower one, 5 state the same and 111 state a higher one.

3.5% forex markup: of the 291 other open cards whose forex markup we have read, 103 state a lower one and 188 state the same.

Fees

Rewards

Fuel earning
3% on fuel spends across fuel stations.
Reward rate
0.5% cashback · everyday spends0.5% unlimited cashback on other eligible spends.
Reward earning on dining spends
Offline grocery, dining, and entertainment purchases will earn base cashback.
Cashback redemption
Accrued reward points can be redeemed only as cashback on Kotak Unbox platform
Catalogue redemption
Accrued points can only be redeemed as cashback against statement outstanding. 1 point = ₹1
Statement-credit redemption
Accrued points can only be redeemed as cashback against statement outstanding
Point expiry
Unclaimed cashback will expire in 1 year.
Smallest number of points that can be redeemed
Minimum 100 points required for redemption; effective 16th Oct'26, minimum 500 points will be required

Card benefits

Movie or entertainment ticket benefit
5% on online movie tickets and OTT subscriptions.

Also included

Fuel surcharge waiver
1% fuel surcharge waiver for transactions between ₹500-₹4000 is available, with a waiver capping of ₹3500 in an anniversary year
Add-on card eligibility
Up to 3 add-on cards, in addition to one primary Credit Card; add-on card holder should be 18 years and above

Charges

Forex markup
3.5% on foreign currency transactions.
Cash advance fee
Cash withdrawal is not allowed on this card.
Interest on unpaid balance
3.75% monthly rate (45.00% annual rate)
Interest-free period
Up to 51 days
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.
Reward redemption fee
Redemption is free of cost.
GST note
GST and applicable taxes will be charged annually on interest, fees, and other charges according to the Finance Act

How we know - 4 documents from Kotak Mahindra Bank, checked 19 Oct 2026

4 documents from Kotak Mahindra Bank, checked 19 Oct 2026.

On these lists

₹750 a year

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