Cards / Kotak Mahindra

Joining fee

₹499

Annual fee

₹499

Waiver spend

₹50,000

Forex markup

3.5%

Fee waiver

Spend ₹50,000 in a card year and the next annual fee is waived.

That is about ₹4,167 a month.

Work out what you still need to spend

Work it out for this card

How the app counts rewards

• 8 points per Rs 150 on travel agencies and airlines
• 4 points per Rs 150 on utilities, up to Rs 35,000 spend a cycle
• 4 points per Rs 150 (8 once card-year spend passes Rs 2 lakh)

No rewards on education, fuel, insurance, rent, wallet loads.

Points

Kotak Reward Points, worth about ₹0.07 each on the usual redemption. Expire after 2 years.

Who can apply

• Age 21 to 60
• Salaried: income of ₹5,00,000 a year or more
• Self-employed: income of ₹5,00,000 a year or more

Income Rs 5 lakh a year; only in Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune

Published minimums. Approval is the bank's decision.

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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