Cards / Kotak Mahindra

Joining fee

Free

Annual fee

₹1,000

Waiver spend

–

Forex markup

3.5%

Fee waiver

No spend-based waiver listed by the bank.

Work it out for this card

How the app counts rewards

• 1 point per Rs 200 on utilities, up to Rs 50,000 spend a cycle
• 1 point per Rs 200 on education, up to Rs 70,000 spend a cycle
• 1 point per Rs 200 on insurance, up to Rs 70,000 spend a cycle
• 2 points per Rs 200 on spends outside India
• 1 point per Rs 200 on spends in India

No rewards on fuel, rent, wallet loads.

Airport lounges

• Domestic: 2 visits a quarter

Points

Reward Points, worth about ₹0.7 each on the usual redemption. Expire after 2 years.

Who can apply

For NRI customers

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.

More from Kotak Mahindra