Kotak White Reserve Credit Card

Annual feeRenewal fee

₹12,500 a year.₹12,500; waived on ₹10 lakh retail spends per annum

Joining fee

₹12,500 to join.

Fee waiver rule

Condition for Annual Fee Waiver: ₹10 Lakhs Retail Spends per annum.

Add-on card fee

Add-on Card Fee: Waived

Reward rate

Milestone Grid for White Reserve Credit Card (Spends Milestone: White Pass earns): 3L 5,000; 10L 15,000; 20L 22,000; 30L 24,000; 40L 26,000; 50L 28,000; 75L 63,000; 100L 67,000; Total White Pass Value 2,50,000; Applicable on spends settled in a card anniversary year

Reward exclusions

Not offered: Personal loans, cash advances and fees such as joining fee, annual fee, Add-On Card fee, multiple Card fee, balance transfers, cash advance transaction fee, EMI transactions, cash withdrawals, demand draft and service charge transactions and certain category of transactions as listed by the Bank from time to time is excluded from the calculation of milestone spends

Reward caps

Maximum White Pass value of ₹2,50,000 can be accumulated in a year on White Reserve Credit Card. Every year on the anniversary date the wallet will be reset to zero.

Cashback redemption

Redeem your White Pass balance for Cashback.

Catalogue redemption

Curated Redemption Catalog: Includes gift vouchers of premium brands, flights, hotels and more

Point expiry

White Pass balance remains valid for an additional 90 days after every anniversary cycle; Every year on the anniversary date the wallet will be reset to zero

Milestone benefits

White Pass value earned directly on crossing spend milestones (no points to calculate), up to ₹2.5 lakh a year

Minimum spend rules

White Pass eligibility is based on spends threshold as mentioned on bank’s website.

Fuel surcharge waiver

Fuel Surcharge: Charged at applicable rates; Waiver of 1% of transaction value on fuel transactions between ₹400 - ₹7,500; Max Fuel Surcharge Waiver: ₹4,500 in an anniversary year

Forex markup

2% on foreign currency transactions.2% foreign currency transaction markup

Dynamic currency conversion markup

Dynamic Currency Conversion Fee 2%.

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; 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 Waived

Card replacement fee

Card Replacement Fees (Lost & Damaged Cards) Waived.

Cash payment / cash deposit fee

Fee for Cash Payment at branches Waived.

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.

Minimum age

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