MyFinCards
Kotak Cashback+ Credit Card

Joining Fee

₹750

Annual Fee

Rs. 750 (Reversed on annual spends of Rs. 2 Lakhs)

Kotak Bank
Cashback
Best For: Online grocery and food delivery shoppers, Online entertainment subscribers, Fuel spenders, Value-conscious everyday spenders

Kotak Cashback+ Credit Card

Rewards Structure

Base Reward Rate

0.5% on spends

Point Value

1 Point = ₹1

Earning Cap

₹750 /monthly

Points Validity

12 Months

Pros

  • 5% cashback on online food delivery, groceries and entertainment
  • 3% cashback on fuel spends
  • 1% fuel surcharge waiver
  • Unlimited 0.5% base cashback on other eligible spends
  • Annual fee waiver on spends of ₹2 lakhs or above
  • Buy 1 Get 1 on PVR INOX movie tickets
  • Free add-on cards (up to 3)
  • First year free (limited time offer)

Cons

  • Accelerated cashback capped at 750 points per billing cycle
  • No cash withdrawal allowed
  • Cashback redeemable only as statement credit
  • Reward points redeemable only in multiples of 400

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Accelerated cashback cap of 750 points per billing cycle

No rewards on Rent, B2B transactions, Utilities, Insurance, Education, Government, Wallet, Online skill-based gaming, and EMI

Unclaimed cashback expires in 1 year

Offline grocery, dining, and entertainment earn only base cashback (0.5%)

Fuel surcharge waiver capped at ₹3500 per anniversary year

Key Benefits & Features

Detailed benefits inside

Notable Exclusions

No cashback on Rent transactionsNo cashback on B2B transactionsNo cashback on UtilitiesNo cashback on InsuranceNo cashback on Education and Government paymentsNo cashback on Wallet loadsNo cashback on Online skill-based gamingNo cashback on EMI transactions

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

Official Terms & Conditions

About Kotak Cashback+ Credit Card

The Kotak Cashback+ Credit Card is designed for everyday spenders who want to maximize savings on their most frequent purchases. With up to 5% cashback on online food deliveries, groceries, and entertainment, the card rewards cardholders generously in the categories they spend on most. Fuel spenders also benefit from 3% cashback on all fuel transactions across stations, along with a 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000, capped at ₹3,500 per anniversary year. For all other eligible spends, cardholders earn unlimited 0.5% cashback, ensuring value on every purchase. Cashback is earned as reward points, where 1 point equals ₹1, and can be conveniently redeemed through the Kotak Rewards Platform directly against statement outstanding. Accelerated cashback earnings are capped at 750 points per billing cycle, while base cashback remains unlimited. Cardholders can also enjoy exclusive lifestyle benefits, including a Buy 1 Get 1 offer on PVR INOX movie tickets, valid until March 2026. The card carries a joining and annual fee of ₹750 each, with the annual fee waived on anniversary spends of ₹2 lakh or more. Up to three add-on cards can be issued free of charge, making it a practical and rewarding choice for value-conscious households seeking meaningful returns on essential daily spending.

Expert Review

Our Verdict

Up to 5% cashback on groceries, food & entertainment with fuel benefits and first year free.

Frequently Asked QuestionsAbout Kotak Cashback+ Credit Card

FEESWhat is the joining fee and annual fee for the Kotak Cashback+ Credit Card?
The joining fee and annual fee for the Kotak Cashback+ Credit Card are both ₹750 + GST. However, the annual fee is waived if you spend ₹2,00,000 or more in an anniversary year. Additionally, as a limited-time offer, the first year joining fee is free.
REWARDSWhat is the cashback earn rate on the Kotak Cashback+ Credit Card?
The Kotak Cashback+ Credit Card offers: 5% cashback on online food deliveries, groceries, and entertainment; 3% cashback on all fuel spends; and an unlimited 0.5% cashback on all other eligible spends. For the RuPay variant, UPI on Credit Card spends earns unlimited 0.5% cashback. Offline grocery, dining, and entertainment purchases earn only the base 0.5% cashback.
REWARDSIs there a cap on accelerated cashback earnings?
Yes, the accelerated cashback earned on categories like online food delivery, groceries, entertainment, and fuel is capped at 750 reward points per billing cycle. Once this cap is reached, no further reward points will be earned on accelerated categories for that billing cycle. However, the 0.5% base cashback on other eligible spends remains unlimited.
REWARDSWhich spending categories are excluded from cashback on this card?
Cashback is not applicable on the following categories: Rent, B2B transactions, Utilities, Insurance, Education, Government payments, Wallet loads, Online skill-based gaming, and EMI transactions. These restrictions are based on Merchant Category Codes (MCCs), which are 4-digit numbers assigned to merchants by card networks such as VISA, MasterCard, and RuPay.
USAGEHow can I redeem the cashback earned on the Kotak Cashback+ Credit Card?
You can redeem earned reward points only as cashback (statement credit) on the Kotak Rewards Platform. Log in with your CRN and OTP, select 'Credit Card' as card type, choose your Cashback+ card, enter the points you wish to redeem, accept the T&C, and submit. Note that redemption is free of cost and points can only be redeemed in multiples of 400. 1 reward point = ₹1.
USAGEIs cash withdrawal allowed on the Kotak Cashback+ Credit Card?
No, cash withdrawal is not allowed on the Kotak Cashback+ Credit Card. This is an important limitation to keep in mind if you anticipate needing cash advances. For cash needs, you may want to consider alternative arrangements or other banking products offered by Kotak Mahindra Bank.
BENEFITSHow many add-on cards can I get with this credit card?
You can get up to 3 add-on cards in addition to your primary Kotak Cashback+ Credit Card. Add-on cards are issued free of cost. The add-on cardholder must be at least 18 years of age. The add-on card will share the same credit limit as the primary card, and its limit is subsumed within the primary card's overall credit limit.
BENEFITSIs there a fuel surcharge waiver on the Kotak Cashback+ Credit Card?
Yes, a 1% fuel surcharge waiver is available on fuel transactions between ₹500 and ₹4,000. The maximum waiver allowed is ₹3,500 in an anniversary year. Additionally, you earn 3% cashback on fuel spends, making this card particularly beneficial for frequent fuel purchases. Both the cashback and surcharge waiver together provide significant savings on fuel expenses.
BENEFITSWhat is the PVR INOX Buy 1 Get 1 offer on this card?
Kotak Cashback+ Credit Card holders can enjoy a Buy 1 Get 1 (BOGO) offer on PVR INOX movie tickets. The offer is valid till 31st March 2026 and is available only on digital platforms (PVR and INOX apps or websites). The maximum discount per card per month is capped at ₹250, and the offer can be availed once per card per month.
REWARDSWhen do unused cashback reward points expire?
Unclaimed or unused cashback reward points on the Kotak Cashback+ Credit Card expire after 1 year from the date of earning. It is important to redeem your accumulated points before they expire to make the most of your cashback benefits. Points can be redeemed in multiples of 400 on the Kotak Rewards Platform as a statement credit.
USAGEHow do I activate my Kotak Cashback+ Credit Card?
To activate your Kotak Cashback+ Credit Card, log in to the Kotak Mobile Banking App, select the 'Credit Card' tab, click on 'Card Controls' or 'Generate PIN', enter your details, and submit. You can also activate your card by completing a transaction or updating card controls through the app. Ensure your card is activated before use for seamless transactions.
APPLICATIONHow can I apply for the Kotak Cashback+ Credit Card?
You can apply for the Kotak Cashback+ Credit Card online by visiting the official Kotak Mahindra Bank website and clicking the 'Apply Now' button on the Cashback+ Credit Card page. The application process is digital and straightforward. As a limited-time offer, the first year joining fee is currently free. You may need to submit KYC documents and meet the bank's internal eligibility criteria for approval.
INTERNATIONALCan I use the Kotak Cashback+ Credit Card for international transactions?
The Kotak Cashback+ Credit Card is a VISA card, which is accepted at millions of merchants globally. However, specific forex markup charges or international usage details are not explicitly mentioned on the card's page. It is advisable to contact Kotak Mahindra Bank customer care at 1800 4100 (toll-free) or email customersupport@kotak.com for details on international transaction charges before using the card abroad.
FEESWhat is the annual fee waiver condition for the Kotak Cashback+ Credit Card?
The annual fee of ₹750 on the Kotak Cashback+ Credit Card is waived if you spend ₹2,00,000 or more in an anniversary year (i.e., within 12 months from the card issuance or renewal date). There is no waiver condition for the joining fee under normal circumstances, though a limited-time offer currently makes the first year free.
REWARDSDoes UPI spending on the Kotak Cashback+ Credit Card earn cashback?
Yes, for the RuPay variant of the Kotak Cashback+ Credit Card, UPI on Credit Card spends earns unlimited 0.5% base cashback. This applies to all eligible UPI spends except those under excluded Merchant Category Codes (MCCs). Note that UPI spends on accelerated categories like online food, groceries, and entertainment earn base cashback rather than the higher accelerated rate.

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