Kotak Mahindra Bank
Kotak Cashback+ Prime Credit Card
Data last verified: 11 October 2026
- Joining fee₹750 + GST
- Annual fee₹750 + GST
- Reward rate0.5% base, up to 5% on dining
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- Joining fee₹750 + GST
- Annual fee₹750 + GST
- Fee waiverOn ₹2 lakh spend a year
- Forex markup3.5%
- Interest (APR)3.75% a month, 45% a year
- Fuel surcharge waiver1%
- Fuel waiver cap₹3,500 a month
Cashback+ pays 5% on online food delivery, grocery delivery and online entertainment, and 3% on fuel. Every other eligible spend earns 0.5%. Each accelerated category has a monthly cap, so the big rates apply to a limited amount of spend.
The fee is ₹750 plus GST, waived when you spend ₹2 lakh in a year. If you order food and groceries online every week, the 5% cashback can recover the fee within a few months.
It suits app-first households and people who fill fuel regularly. The catch is the 0.5% base rate, which is weak for anything outside the bonus categories.
Best for: Frequent food and grocery delivery users, Daily commuters who buy fuel, People who prefer cashback over points, Streaming and online entertainment users.
01Kotak Cashback+ Prime Credit Card Rewards and Benefits
02Kotak Cashback+ Prime Credit Card Annual Fee and Charges
- Joining fee
- ₹750 + GST
- Annual fee
- ₹750 + GST
- Spend-based waiver
- Annual fee waived on ₹2 lakh spend in a year (rent and wallet loads not counted)
- Rewards redemption fee
- Nil
- Forex markup
- 3.5%
- Interest rate
- 3.75% a month (45% a year)
- Fuel surcharge waiver
- Yes, up to ₹3,500 a month
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹5,000 on dining and food delivery, earning 5%₹250
- ₹15,000 on everything else, earning 0.5%₹75
- Back each month, ₹3,900 a year₹325
- Annual fee with 18% GST (waived at this spend)₹0
- In your pocket each year₹3,900
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good for
- 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
Skip it if…
- 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
04Product Details
- Joining and annual fee: ₹750 plus GST
- Fee waived on ₹2 lakh annual spend
- 5% cashback on online food, grocery and entertainment
- 3% cashback on fuel
- 0.5% cashback on other spends
- Monthly caps on accelerated cashback
05Pros and Cons
Pros
- Straight cashback, no points to convert
- 5% on everyday app spends
- 3% on fuel, rare at this fee
- Easy-to-reach ₹2 lakh fee waiver
Cons
- Only 0.5% on all other spends
- Monthly caps limit the 5% and 3% rates
- 3.5% forex markup
- No lounge access
06How Kotak Cashback+ Prime Credit Card earns Rewards
0.5% base, up to 5% on dining.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| 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 |
Terms on the base 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
07Kotak Cashback+ Prime Credit Card Travel Benefits
Spending abroad carries a 3.5% forex markup; rewards on it: 0.5% back (the normal rate). See what it costs on your trip
Also on the card. fuel surcharge waiver.
- Fuel surcharge waiver: 1% fuel surcharge waiver on ₹500 to ₹4,000 fuel transactions, up to ₹3,500 per anniversary year. Kotak's MITC adds that transactions given this waiver earn no reward points and names only the base Cashback+ card as exempt, which sits awkwardly beside the 3% fuel rate on the product page
08Kotak Cashback+ Prime Credit Card Eligibility and Documents
- Age
- 18 years and above
- Employment
- Salaried or self-employed
Documents. PAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph
09Recent Changes
What Kotak Mahindra Bank changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 8 May 2026 | Changed: Kotak Cashback+ Prime launched, Cashback+ with an auto-dealer accelerator | - | 5% on online food/grocery/entertainment and auto dealers, 3% fuel, 0.5% base |
See this card's change history → · All card changes in May 2026 →
10Cards Similar to Kotak Cashback+ Prime Credit Card
Kotak Cashback+ Prime Credit Card is a dining card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | Kotak Cashback+ Prime Credit Card |  HSBC Live Plus Credit Card |  SBI BPCL Credit Card |
|---|---|---|---|
| Joining fee | ₹750 + GST | ₹999 + GST | ₹499 + GST |
| Annual fee | ₹750 + GST | ₹999 + GST | ₹499 + GST |
| Rewards | 0.5% base, up to 5% on dining | 1.5% base, up to 10% on dining | 0.25% base, up to 1.25% on dining; 3.25% only at partner merchants |
| Domestic lounge | Not included | 2 visits a year | Not included |
| Forex markup | 3.5% | 1.99% | 3.5% |
| Type | Dining | Dining | Fuel |
11Explore More
Card facts last verified 11 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
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Common Questions
Is the ₹750 fee waived?
Yes, when you spend ₹2 lakh in a year.
Is the cashback capped?
Yes, the 5% and 3% categories each have a monthly cap.
What do I earn on regular shopping?
0.5% cashback.
What is the joining fee for the Kotak Cashback+ Prime Credit Card?
The joining fee is ₹750 + GST. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the Kotak Cashback+ Prime Credit Card?
The annual fee is ₹750 + GST.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with Kotak Mahindra Bank. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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