Cards / Kotak Mahindra

Joining fee

₹3,000

Annual fee

₹3,000

Waiver spend

₹4,00,000

Forex markup

2%

Fee waiver

Spend ₹4,00,000 in a card year and the next annual fee is waived. Spends on education, rent, utilities, wallet loads do not count.

That is about ₹33,333 a month.

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How the app counts rewards

• 2 Air Miles per Rs 100 on insurance (MCC 6300), up to Rs 25,000 spend a cycle
• 2 Air Miles per Rs 100

No rewards on education, fuel, international, rent, utilities, wallet loads.

Airport lounges

• Domestic: 4 visits a year
• International: 2 visits a year

Primary cardholder only; domestic visits capped at 2 a quarter; international via Priority Pass

Points

Air Miles, worth about ₹1 each on the usual redemption. Expire after 3 years.

Transfer partners: Air India Maharaja Club (2:1), British Airways Executive Club (2:1), Cathay Pacific Asia Miles (2:1), Air France KLM Flying Blue (2:1), United MileagePlus (2:1), Qatar Airways Privilege Club (2:1), Air Canada Aeroplan (2:1), Etihad Guest (2:1), Accor Live Limitless (2:1), Marriott Bonvoy (3:1)

Checked against the bank's terms. Banks change terms often, so check the latest terms before applying.

Taken from the bank's page. Rules data version 2026.10.04.

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