Kotak Cashback+ Credit Card
Best for online food/grocery and OTT spenders. 5% on online groceries & food delivery and online movie/OTT; 3% on fuel; 0.5% unlimited on other eligible spends; 1 point = Rs 1 via Kotak Unbox
Terms as of 2026-09-28 · Checked 28 September 2026Kotak Cashback+ Credit Card at a glance
Who it suits: Online food/grocery and OTT spenders
Rewards & cashback
| Details | |
|---|---|
| How you earn | 5% on online groceries & food delivery and online movie/OTT; 3% on fuel; 0.5% unlimited on other eligible spends; 1 point = Rs 1 via Kotak Unbox |
| Caps & exclusions | Accelerated cashback capped at 750 points/billing cycle; excludes rent, utilities, insurance, education, govt, wallet, gaming, EMI; points expire after 1 year |
| Welcome benefit | First-year fee waiver (limited-time offer) |
Yearly reward value at base rate
| Spend | Rewards (base rate) | Net of annual fee + GST |
|---|---|---|
| ₹1,20,000 / year | ₹600 | -₹285 |
| ₹3,00,000 / year | ₹1,500 | ₹615 |
| ₹6,00,000 / year | ₹3,000 | ₹2,115 |
| ₹12,00,000 / year | ₹6,000 | ₹5,115 |
Base rate only; accelerated categories raise the value, caps and excluded categories (rent, fuel, wallet, utilities etc. on many cards) lower it.
Travel, lounge & fuel benefits
| Benefit | Details |
|---|---|
| Fuel surcharge | 1% waiver on Rs 500-4,000 transactions, max Rs 3,500/year |
Fees & charges
| Charge | Amount |
|---|---|
| Joining fee | ₹750 + GST |
| Annual / renewal fee | ₹750 + GST |
| Fee waiver | First-year fee free as limited-time offer; no spend-based waiver mentioned |
| Finance charge | Typically about 3.5%–3.75% per month on revolved balances (lower on some premium and secured cards) — see MITC |
| Cash withdrawal | Usually 2.5% (min ₹500) + interest from day one |
| Late payment | Slab-based, only if unpaid more than 3 days past due |
| GST | 18% on all fees and interest |
Is it worth it for you?
Eligibility & documents
| Criterion | Details |
|---|---|
| Age | 21-65 (add-on 18+) |
| Credit score | 750+ improves approval chances |
Similar cards
| Card | Issuer | Joining / annual fee | Reward rate | Best for |
|---|---|---|---|---|
| HDFC Bank Diners Club Black Metal Edition | HDFC Bank | ₹10,000 / ₹10,000 | 3.33% base value | High spenders wanting uncapped-lounge premium card below Infinia |
| Standard Chartered Beyond | Standard Chartered | ₹15,000 / ₹25,000 | 3.33% base value | Affluent Priority Banking clients |
| Kiwi YES Bank RuPay Credit Card (Klick) | YES Bank | Free / Free | 1.50% base value | UPI spends on credit |
| Axis Bank ACE | Axis Bank | ₹499 / ₹499 | 1.50% base value | Flat cashback on all spends plus bill payments via GPay |
| HSBC Live+ | HSBC India | ₹999 / ₹999 | 1.50% base value | Dining & grocery cashback |
| Amazon Pay ICICI Bank | ICICI Bank | Free / Free | 1.00% base value | Amazon Prime shoppers wanting a free, no-cap cashback card |
Frequently asked questions
What is the annual fee of the Kotak Cashback+ Credit Card?
Joining fee ₹750 and annual fee ₹750 (plus 18% GST). First-year fee free as limited-time offer; no spend-based waiver mentioned.
What rewards does it offer?
5% on online groceries & food delivery and online movie/OTT; 3% on fuel; 0.5% unlimited on other eligible spends; 1 point = Rs 1 via Kotak Unbox Caps/exclusions: Accelerated cashback capped at 750 points/billing cycle; excludes rent, utilities, insurance, education, govt, wallet, gaming, EMI; points expire after 1 year
Is the Kotak Cashback+ Credit Card good for me?
Best for: Online food/grocery and OTT spenders. Compare the net value after fees with how and where you actually spend — the calculator on this page helps.
Source: www.kotak.bank.in, 2026-09-28. Card benefits change frequently — confirm the latest Most Important Terms & Conditions (MITC) on Kotak Mahindra Bank’s website before applying. FinancePortal is not affiliated with the issuer.