Kotak Cashback+ Prime Credit Card
Kotak Mahindra Bank
Last verified: 23 Sept 2026
Reward Program
| Category | Earn Rate | Monthly Cap |
|---|---|---|
Online groceries, food delivery, QSR and entertainment | 5% | ₹750/monthly |
Auto dealer merchants | 5% | ₹750/monthly |
Fuel at fuel stations | 3% | ₹750/monthly |
Insurance | 0.5% | ₹25,000/monthly |
| All other spends | 0.5% | No cap |
Redemption fee: 0
Managed via Kotak Rewards Platform (kotakrewards.com)
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20 activeBenefits
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions between ₹500 and ₹4,000, capped at ₹3,500 in an anniversary year. Unlike the plain Kotak Cashback+, this card is not in the MITC's carve-out, so on Kotak's own wording no cashback accrues on a fuel transaction where the surcharge waiver is given — which would put the 3% fuel rate and the waiver in conflict. See _data_quality_notes.
Reward Calculator
Assumes the best-paying merchant everywhere, so read it as a ceiling rather than an average.
What this card is worth
Open a section and enter what you actually spend. Everything updates as you type.
Fees & Charges
| Joining Fee | ₹750/yr |
| Renewal Fee | ₹750/yr |
| Fee Waiver | Spend ₹2,00,000/year |
| Forex Markup | 3.5% |
| Interest Rate | 45% p.a. |
| Cash Advance Fee | Not applicable — the MITC states the cash advance facility is not available on this credit card. |
| Reward Redemption Fee | 0 |
Spends That Don’t Count
Kotak leaves these categories out when totalling your spend. They still earn rewards where the card pays on them — they just do not move you toward the target below.
Excluded from the fee waiver
Toward the ₹2,00,000/year waiver
- EducationCoaching, College fees, Online courses, School fees
- Everything elseRent, Society maintenance, Tax and government fees, Wallet top-ups
- Getting aroundFASTag and tolls, Fuel, Metro
- InsuranceHealth, Motor, Other cover
- SubscriptionsAI tools, Cloud storage, Gaming
- TravelForex card loads, Trains
- UtilitiesBroadband, DTH or cable, Electricity, Mobile recharge, Piped gas, Water
