Is the Kotak Cashback+ Prime Credit Card Worth It?
Enter what you spend where this card pays more, and the benefits you would use. See what it is worth to you in rupees, after its fee.
- 207Cards to check
- FreeCost
- Dining card
- ₹885 fee a year (with GST)
- Fee waived from ₹16,667 a month
- 0.5% base, up to 5% on dining
- Pays in cashback
- dining: 5% back, up to ₹750 a month
- groceries: 5% back, up to ₹750 a month
- spending ₹16,667 or more a month: the ₹885 fee is waived
- you spend less than ₹16,667 a month (₹2,00,000 a year, rent and wallet loads not counted): the ₹885 fee is then charged
- most of your spending is utility bills, rent, education or wallet top-ups: those earn nothing on this card
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you rarely spend on dining or groceries: the 5% rate applies only there, everything else earns 0.5%
- you often pay in foreign currency: 3.5% is added to every foreign spend
- you sometimes pay only the minimum due: interest of 3.75% a month (45% a year) outweighs any reward
Your spend a month, by kind
Terms on the normal rate: Unlimited 0.5% cashback on other eligible spends; excludes rent, utilities, education, government, wallet, online gaming and EMI. Unclaimed cashback expires one year after it is earned
Total on the card: ₹0 a month
Abroad and benefits
Every rate on this card, and what your spend earns
| Spend category | Rate | Monthly cap | Where it applies | Your spend earns |
|---|---|---|---|---|
| UPI payments (scan and pay) | Earns nothing | - | a Visa or Mastercard card cannot pay by UPI | - |
| Online shopping | 0.5% | No cap | The card's normal rate | - |
| Dining and food delivery | 5% | ₹750, shared with other bonus rates | All merchants in the categoryTerms: 5% on ONLINE food delivery. Shares the single 750-point (₹750) per-cycle accelerated cap with online grocery, entertainment, auto dealers and fuel; earns nothing once the cap is met | - |
| Groceries | 5% | ₹750 | All merchants in the categoryTerms: 5% on ONLINE grocery. All accelerated categories, online grocery, food delivery, entertainment, auto dealers and fuel, share ONE 750-point (₹750) per-billing-cycle cap, and earn nothing at all once it is met | - |
| Travel: flights, hotels, trains | 0.5% | No cap | The card's normal rate | - |
| Fuel | 3% | ₹750 | All merchants in the categoryTerms: 3% cashback on fuel, inside the same 750-point (₹750) accelerated cap as grocery, food delivery, entertainment and auto dealers. A 1% fuel-surcharge waiver also applies, though Kotak's MITC says surcharge-waived transactions earn no points, so the two may not stack | - |
| Bills and recharges | Earns nothing | - | earns nothing on this card | - |
| Rent | Earns nothing | - | earns nothing on this card | - |
| Insurance premiums | 0.5% | No cap | The card's normal rate | - |
| School and college fees | Earns nothing | - | earns nothing on this card | - |
| Wallet top-ups | Earns nothing | - | earns nothing on this card | - |
| Taxes and government payments | Earns nothing | - | earns nothing on this card | - |
| Spend abroad or in a foreign currency | 0.5% | No cap | The card's normal rate | - |
| Everything else | 0.5% | No cap | The card's normal rate | - |
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Common Questions
When is a credit card worth its annual fee?
When the rewards you actually earn in a year are more than the fee plus 18% GST, or when you spend enough for the bank to waive the fee. This calculator works out both from the card's own published terms.
Why is GST added to the fee?
Card fees carry 18% GST, so a ₹1,000 fee costs ₹1,180. Where the bank already quotes the fee with GST, it is not added twice.
What does 'capped' mean?
Many cards limit the reward you can earn in a month in a category. Spending above the cap earns nothing extra, so the calculator stops counting there.
Is a lifetime free card always better?
Not always. A paid card with higher rewards can leave you with more once you spend enough. The break-even line shows the monthly spend where that starts.
Guides in Plain Words
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