Kotak Cashback+ Prime Credit Card

Annual feeJoining feeRenewal fee

₹750 + GST₹750 + GST; waived on annual retail spends of Rs 2,00,000

Fee waiver rule

Annual fee waiver ( on 2 lakh anniversary spends)

Add-on card fee

Add-on Card Fee: NIL

Reward rate

0.5% cashback with no cap on all additional eligible spends.

Fuel earning

3% on fuel spends across fuel stations (a maximum of 750 points per billing cycle on accelerated spends)

Online earning

5% on online grocery, food delivery and entertainment spends (a maximum of 750 points per billing cycle on accelerated spends)

Reward exclusions

Cashback not eligible on following spend categories: Rent, B2B transaction, Utilities, Education and Government, Wallet, Online skill-based gaming, and EMI.

What one reward unit is worth

Each reward point is worth ₹1 and earned only in multiples of ₹1

Cashback redemption

You can redeem the earned reward points only as cashback on Kotak Rewards platform

Statement-credit redemption

Accrued points can only be redeemed as cashback against statement outstanding; 1 point = ₹1; Kotak reward points can be redeemed in the multiples of 400

Domestic lounge accessInternational lounge access

Not offered: lounge access facility is not available for this card.

Fuel surcharge waiver

1% fuel surcharge waiver on ₹500–₹4000 fuel spends, up to ₹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

Forex markup

3.5% on foreign currency transactions.3.50% foreign currency transaction mark-up

Dynamic currency conversion markup

Dynamic Currency Conversion Fee 3.50%.

Cash advance fee

Cash advance facility not available on this card.

Interest on unpaid balance

3.75% monthly (45.00% annualized)

Interest-free period

Up to 51 days depending on the Payment Due Date; not applicable if the Total Amount Due is not paid in full

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.

Over-limit fee

Over Limit Charges Foreign Currency Transaction Mark-up fee 3.50%.

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

It will reflect in your monthly statement in the summary section 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% fee on cumulative utility spends exceeding ₹35,000 per statement cycle.

Minimum amount due

Note: If you spend ₹1,000 and you pay back exactly the Minimum Amount Due ("MAD") every month, and then it may result in repayment stretching over 14 months (calculation done with MAD as 1% subject to minimum capping of ₹100) with consequential compounded interest payment on the outstanding amount.

Minimum age

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