Kotak White Credit Card

Annual feeJoining fee

₹3,000 + GST

Fee waiver rule

Fee waived if you spend ₹500,000.

Add-on card fee

Add-on Card Fee: Waived

Welcome benefit

Joining Gift**₹1,500

Reward rate

No need to calculate points; Earn direct Reward Point on crossing spend milestones.

What one reward unit is worth

1 Reward Point = ₹1 on Reward Point catalog; 1 Reward Point= ₹0.70 for cashback.

Cashback redemption

1 Reward Point= ₹0.70 for cashback.

Catalogue redemption

1 Reward Point = ₹1 on Reward Point catalog.

Milestone benefits

Reward Point value on spend milestones in a card anniversary year: ₹2,000 at ₹2 lakh, ₹4,000 at ₹4 lakh, ₹6,000 at ₹6 lakh, ₹7,000 at ₹9 lakh, ₹8,000 at ₹12 lakh (cumulative ₹27,000)

Fuel surcharge waiver

Fuel Surcharge: Charged at applicable rates; Waiver of 1% of transaction value on fuel transactions between ₹500 -₹7,500; Max Fuel Surcharge Waiver: ₹3,500 in an anniversary year

Surcharge on railway tickets

Railway Booking Surcharge: Charged at applicable rates; Waiver of 1.80% of transaction value for online transactions and 2.50% for other Bookings; Waived up to ₹500 in an anniversary year

Add-on card eligibility

Add-on Card holder’s age: 18 years or above.

Balance transfer terms

3-month, interest-free period on transferring all other outstanding credit card amounts to Kotak White Credit Card Processing Fee of ₹349 + Service Tax per ₹10,000

Purchase to EMI conversion

Convert any purchase above ₹2500 into easy EMI payments.

Forex markup

3.5% on foreign currency transactions.

Dynamic currency conversion markup

Dynamic Currency Conversion Fee 3.50%.

Cash advance fee

2.5% of the advance amount (minimum ₹500)

Interest on unpaid balance

3.50% monthly (42.00% annualized)

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.

Over-limit fee

Over Limit Charges ₹500 (if over limit amount is equal to or greater than ₹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 2% fee on transaction amount.

Utility transaction fee

Fee on Utility Spends 1% on cumulative utility spends exceeding ₹75,000 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 capping of ₹100) with consequential compounded interest payment on the outstanding amount.

Age the primary cardholder must be

28 to 60 years

Income requirement

₹25 lakh and above per annum.