Kotak UPI RuPay Credit Card

Joining feeRenewal fee

₹0Lifetime free: zero joining fee

Add-on card fee

Not offered: Add-on Card facility not available on this Credit Card.

Reward rate

3 Reward Points per ₹100 · everyday spends3 Reward Points per ₹100 spent (no points on Rent, Fuel, Railway, Wallet Loading, EMI, Education and Balance Transfer)

Reward exclusions

Reward Points will not be accrued for transaction categories such as Rent, Fuel, Railway, Wallet Loading, EMI, Education and Balance Transfer.

What one reward unit is worth

For redemption against other categories like Mobile Recharge, Shopping, etc., 1 Reward Point = ₹0.10.

Fuel surcharge waiver

Not offered: The Fuel Surcharge Waiver feature is not available on Kotak UPI RuPay Virtual Credit Card.

Add-on card eligibility

Not offered: Add-on Card facility not available on this Credit Card.

Forex markup

3.5% on foreign currency transactions.3.50% foreign currency transaction markup

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 ₹500 (if over limit amount is equal to or greater than ₹500)

Payment return or dishonour fee

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

Card replacement fee

Card Replacement Fees (Lost & Damaged Cards) NIL (Virtual Card)

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% 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.

Eligibility

Customer should be an existing Kotak Credit Card holder.

Minimum age

At least 18 years of age.