Cards / Kotak Mahindra

Joining fee

₹1,500

Annual fee

₹1,500

Waiver spend

₹1,50,000

Forex markup

3.5%

Fee waiver

Spend ₹1,50,000 in a card year and the next annual fee is waived.

That is about ₹12,500 a month.

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How the app counts rewards

• 10 Zen Points per Rs 150 on apparel, lifestyle, department stores and jewellery
• 5 Zen Points per Rs 150 on education and insurance, up to Rs 70,000 spend a cycle
• 5 Zen Points per Rs 150 on utilities, up to Rs 50,000 spend a cycle
• 5 Zen Points per Rs 150 (all points capped at 6,500 a cycle)

No rewards on fuel, rent, wallet loads.

Airport lounges

• Domestic: 2 visits a quarter
• International: 3 visits a year

Domestic visits need Rs 75,000 spend in the previous calendar quarter; international via Priority Pass, primary cardholder only

Points

Zen Points, worth about ₹0.2 each on the usual redemption. Expire after 2 years.

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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