Kotak Mahindra Bank has announced significant changes to its credit card rewards program, and fees & charges, which could impact how you use your card, earn rewards, and manage expenses. If you’re a Kotak credit cardholder, it’s important to understand these updates to make informed financial decisions. Here’s a complete breakdown of the changes effective June 1, 2025.
Restrictions on Reward Earning
The bank has removed certain spending categories from the rewards program for some cards, while for others, cardholders can earn rewards only up to a certain spending threshold. Here are the card-wise details:
| Card Name | Category | Details |
| Privy League Signature | Utility | No benefits on spends above Rs. 75,000 |
| Education | No benefits on spends above Rs. 1 Lakh | |
| Wallet Load | No benefits on spends above Rs. 10,000 | |
| Fuel, Rent | No rewards/ cashback | |
| Govt. Spends | No benefits on spends above Rs. 75,000 | |
| Insurance | No benefits on spends above Rs. 1 Lakh | |
| Online Gaming | No benefits on spends above Rs. 15,000 | |
| Mojo Platinum, Zen Signature, Royale Kotak Signature, Kotak BIZ, NRI Royale Signature | Utility | No benefits on spends above Rs. 50,000 |
| Education | No benefits on spends above Rs. 70,000 | |
| Wallet Load, Fuel, Rent, Online Gaming | No rewards/ cashback | |
| Govt. Spends | No benefits on spends above Rs. 40,000 | |
| Insurance | No benefits on spends above Rs. 70,000 | |
| League Platinum, Urbane, Kotak UPI RuPay Virtual Credit Card, 811 #Dream Different, Kotak 811 Credit Card, Essentia, Feast, Privy League Platinum, Veer Select, Veer Platinum | Utility | No benefits on spends above Rs. 35,000 |
| Education, Wallet Load, Fuel, Rent, Govt. Spends, Insurance, Online Gaming | No rewards/ cashback | |
| Myntra Kotak Credit Card | Education | No benefits on spends above Rs. 70,000 |
| Utility, Wallet Load, Fuel, Rent, Govt. Spends, Insurance, Online Gaming | No rewards/ cashback | |
| IndianOil Kotak Credit Card | Utility | No benefits on spends above Rs. 50,000 |
| Education, Wallet Load, Fuel, Rent, Online Gaming | No rewards/ cashback | |
| Govt. Spends | No benefits on spends above Rs. 40,000 | |
| Insurance | No benefits on spends above Rs. 70,000 |
No rewards or cashback will be offered on Utility, Education, Wallet Load, Fuel, Rent, Govt., Insurance & Online Gaming spends on Kotak Delight, Kotak Fortune, 6E Rewards IndiGo Kotak and 6E Rewards XL IndiGo Kotak credit cards.
Note: The above-mentioned categories will also be excluded from the calculation of milestone benefits.
Revision in Reward Point Redemption Value
| Card Name | Existing Value | Revised Value |
| Kotak Royale, Kotak League, Kotak Urbane, Kotak UPI RuPay Virtual Credit Card | Rs. 0.10/ point | Rs. 0.07/ point |
| Kotak 811 Credit Card | Rs. 0.25/ point | Rs. 0.10/ point |
| Kotak Royale (free variant), Kotak Zen Signature, Kotak 811 #Dream Different, Indian Oil Kotak Credit Card, Kotak Veer Platinum, Kotak Veer Select, Kotak Mojo Platinum, Kotak BIZ, Kotak Signature, Kotak Privy League Signature | Rs. 0.25/ point | Rs. 0.20/ point |
| Kotak Infinite Card, Kotak NRI Royale Signature, Kotak Feast, Kotak Essentia | Rs. 1/ point | Rs. 0.70/ point |
1% Transaction Fee Imposed on Select Categories
A 1% transaction fee will be levied on rent payments, utility spends, education payments, wallet loading, online skill-based gaming, and fuel transactions. While this fee will apply to all rent and education payments, it will only be charged on other categories after a certain spending threshold is exceeded.
The details for utility, wallet, online gaming, and fuel transaction fees are as follows:
- Wallet Loading & Online Gaming: After exceeding cumulative spends of Rs. 10,000 in a statement cycle.
| Card Name | Utility Spends Threshold | Fuel Spends Threshold |
| Kotak White Signature, Kotak Privy League Signature, 6E Rewards XL Indigo Kotak Credit Card | Cumulative utility spends exceeding Rs. 75,000 in a statement cycle | Cumulative fuel spends exceeding Rs. 50,000 in a statement cycle |
| Kotak Mojo Platinum, Kotak Zen Signature, Kotak Royale Kotak Signature, Kotak PVR INOX, 6E Rewards Indigo Kotak Credit Card, Kotak BIZ, Kotak NRI Royale Signature | Cumulative utility spends exceeding Rs. 50,000 in a statement cycle | Cumulative fuel spends exceeding Rs. 35,000 in a statement cycle |
| Kotak League Platinum, Kotak Urbane, Kotak UPI RuPay Virtual Credit Card, Kotak 811 #Dream Different, Kotak 811 Credit Card, Kotak PVR Gold, PVR Kotak Platinum, Indian Oil Kotak Credit Card, Kotak Essentia, Kotak Feast, Kotak Fortune, Kotak Delight, Kotak Privy League Platinum, Kotak Veer Select, Kotak Veer Platinum | Cumulative utility spends exceeding Rs. 35,000 in a statement cycle | Cumulative fuel spends exceeding Rs. 25,000 in a statement cycle |
Revision in Threshold for Fuel Surcharge Waiver
The spending threshold for the fuel surcharge waiver will also be revised from June 1 for select cards, as per the details below:
| Card Name | Existing Threshold | Revised Threshold |
| Kotak White Reserve, Kotak Infinite | Fuel transaction between Rs. 400 to Rs. 4,000 | Fuel transaction between Rs. 400 to Rs. 7,500 |
| Kotak White Credit Card | Fuel transaction between Rs. 500 to Rs. 3,000, up to Rs. 3,500 in a year | Fuel transaction between Rs. 400 to Rs. 7,500, up to Rs. 4,500 in a year |
| Kotak Privy League Signature (free variant) | Fuel transaction between Rs. 400 to Rs. 4,000 | Fuel transaction between Rs. 400 to Rs. 7,500 |
| Kotak Privy League Signature (paid variant) | Fuel transaction between Rs. 400 to Rs. 4,000 | Fuel transaction between Rs. 400 to Rs. 7,500 |
| Kotak Mojo Platinum, Kotak Zen Signature, Kotak Royale Kotak Signature, Kotak NRI Royale Signature, Kotak Signature | Fuel transaction between Rs. 500 to Rs. 3,000 | Fuel transaction between Rs. 500 to Rs. 5,000 |
| Kotak League Platinum, Kotak 811 #Dream Different, Kotak 811 Credit Card | Fuel transaction between Rs. 500 to Rs. 3,000 | Fuel transaction between Rs. 500 to Rs. 4,000 |
| Kotak BIZ | Fuel transaction between Rs. 500 to Rs. 3,000 | Fuel transaction between Rs. 500 to Rs. 5,000 |
Revision in Fees and Charges
Apart from the above changes, the bank has also revised its finance charges and other credit card-related fees & charges, as mentioned below:
Finance Charges Increased
| Card Name | Existing Interest | Revised Interest |
| Kotak Feast Gold, Kotak Urbane Gold, Kotak PVR Gold, Kotak PVR Platinum, Kotak PVR INOX, Kotak Mojo Platinum, Kotak League Platinum, Kotak Delight Platinum, Kotak Essentia Platinum, Kotak Fortune Gold, Kotak Silk Inspire Platinum, Kotak Kotak BIZ, Kotak Veer Platinum, Kotak Select, Kotak Royale Signature, Kotak Zen Signature, Kotak 811 Credit Card, IndianOil Kotak Credit Card, Metro Kotak Credit Card, Kotak 811 #Dream Different | 3.50% p.m. (42% p.a.) | 3.75% p.m. (45% p.a.) |
| Kotak NRI Royale Signature | 3.10% p.m. (37.20% p.a.) | 3.75% p.m. (45.00% p.a.) |
| Kotak Signature, Kotak Infinite Credit Card, Kotak White Signature | 3.10% p.m. (37.20% p.a.) | 3.50% p.m. (42% p.a.) |
| Kotak Privy League Signature | 2.49% p.m. (29.88% p.a.) | 3.50% p.m. (42% p.a.) |
| Kotak 6E Rewards IndiGo, Kotak 6E Rewards XL IndiGo | 3.70% p.m. (44.40% p.a.) | 3.75% p.m. (45.00% p.a.) |
| Kotak UPI RuPay Virtual Credit Card | 3.50% p.m. (42% p.a.) | 3.75% p.m. (45.00% p.a.) |
Revision in Other Fees and Charges
Standing Instruction Failure Fee: 2% of the bounced amount, subject to a minimum of Rs. 450, and a maximum of Rs. 5,000.
Minimum Amount Due: The minimum amount due will be revised to 1% of total outstanding or 100% of EMIs + other fees & charges (Min. of Rs. 100 or up to the Total Amount Due, whichever is lower).
Dynamic Currency Conversion Fee: The fee will be levied as per the below details
- 2% fee on Kotak Privy League Signature, Kotak White Reserve, and Kotak Infinite Cards
- 5% on all other cards
For detailed terms and conditions, click here.
