Kotak Cashback+ Credit Card

Kotak Cashback+ Credit Card is a rewards credit card from Kotak Mahindra Bank. Value of 1 reward point is ₹1 (cashback accrues as reward points and redeems 1:1 as statement cashbacck.

Joining fee: ₹750 + taxes
Annual fee: ₹750 + taxes
Forex markup: 3.5%
Interest: 3.75% (Annualized 45%)

More Kotak cards

Rewards & cashback

Value of 1 reward point is ₹1 (cashback accrues as reward points and redeems 1:1 as statement cashbacck
Users will get 5 reward points on spends of every ₹100 on online food delivery, groceries and entertainment (OTT, movies, gaming).
Online Food/Grocery/Entertainment Cashback Rate: 5%
Users will get 3 reward points on all fuel spends per ₹100
Fuel Cashback Rate: 3%
Users will get 0.5 reward points on all other eligible spends per ₹100
Base Cashback Rate: 0.5%
5% and 3% cashback has single max cap of ₹750 per month

Movies

Buy one get one move ticket on booking movie ticket through PVR Inox
Max cashback capped at ₹250 per month

More benefits & features

Annual fee waiver on spending ₹2 lakh or more in a year

Fees & charges

Joining fee: ₹750 + taxes
Annual fee: ₹750 + taxes
Foreign currency markup: 3.5%
Interest rate: 3.75% (Annualized 45%)
Late payment: ₹250
Cash advance: ₹300
Billing cycle: 30 Days
Other fees: ₹99

Pros and cons

What works well

Value of 1 reward point is ₹1 (cashback accrues as reward points and redeems 1:1 as statement cashbacck.Users will get 5 reward points on spends of every ₹100 on online food delivery, groceries and entertainment (OTT,…
Online Food/Grocery/Entertainment Cashback Rate: 5%
Users will get 3 reward points on all fuel spends per ₹100
Fuel Cashback Rate: 3%
Users will get 0.5 reward points on all other eligible spends per ₹100
Base Cashback Rate: 0.5%

Worth knowing

Limited value add features
No airport lounge visits

Who can apply

Primary Card holder should be in the age bracket of 18 years to 75 years
Minimum Salary: not specified on Kotak website

How to apply

Online Visit the Kotak Mahindra Bank website and click on the "Credit Cards" tab
Select the "Kotak Cashback+ Credit Card" and click on the "Apply Now" button
Fill in the application form with your personal and financial details
Upload the required documents, such as your PAN card, Aadhar card, and income proof
Review and submit your application
Required documents: PAN card Aadhar card Income proof (salary slip, salary certificate, Form 16 for salaried individuals; PAN card, IT return, Form 60/61 for self-employed individuals)

Details come from information published by Kotak Mahindra Bank and may change. Confirm current fees, benefits and eligibility with the bank before applying. Some links are partner links; MyRupaya may earn a commission at no extra cost to you.