Kotak Air+ Credit Card
Travel
Lounge Access
1st Year Fee: ₹3,000* Plus Applicable Taxes
Travel
5% back on travel spends on Kotak Unbox
Rewards
Earned Air Miles redeemable in 1:1 ratio
Airport Lounge
Free lounge access across the world
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About Kotak Air+ Credit Card
Kotak Air+ Credit Card is a travel credit card that offers up to 5% value-back on travel spends. This value-back is in the form of Air Miles which can further be used for future travel bookings by either redeeming them in 1:1 ratio on Kotak Unbox platform or converting them into partner miles in up to 2:1 ratio against a choice of 9 airline and hotel partners. In addition to the Air Miles, this Kotak credit card also offers an annual bonus of 2,500 Air Miles on joining and renewal fee payments and charges a comparatively low forex mark-up fee of 2%. Moreover, cardholders can avail complimentary access to DreamFolks and Priority Pass airport lounges within and outside India respectively. Read on for complete details of this travel card along with a detailed review at the end.
Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit Kotak Mahindra Bank’s website.
Rewards Program
Rewards Earning: Kotak Air+ offers rewards in the form of Air Miles per Rs. 100 spent which are valid for 3 years from accrual –
- 5 Air Miles (3+2 Air Miles): On flight and hotel bookings made using Kotak Unbox
- 2 Air Miles: On other purchases1
- Capping: Incremental Air Miles (3 Air Miles) are capped at 15,000 Air Miles per month, after which only base rate of 2 Air Miles per Rs. 100 spent will apply
Rewards Redemption: You can use Air Miles for travel bookings as follows –
- Via Kotak Unbox2: 1 Air Mile = Rs. 1 for flight and hotel bookings
- Conversion to Partner Miles3: 1 Air Mile = Up to 0.5 Partner Mile
Other Features & Benefits
- Airport Lounge Access:
- 4 complimentary domestic (DreamFolks) lounge visits per year, max. 2 per quarter
- 2 complimentary international (Priority Pass) lounge visits per year
- Forex Mark-up: 2% foreign currency exchange fee
- Welcome Bonus: 2,500 Air Miles on joining fee payment
- Renewal Bonus: 2,500 Air Miles on renewal fee payment
- Fuel Benefit: 1% fuel surcharge waiver, up to Rs. 4,500 per year, on fuel spends of Rs. 400 to Rs. 7,500
Kotak Air+ Credit Card: Fees & Charges
| Particulars | Amount | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining/Annual Fee | Rs. 3,000 + Applicable Taxes | ||||||||||||||||
| Finance Charges | 3.5% per month (42% per annum) | ||||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get This Card If:
You travel frequently and are looking for a travel credit card to save on these spends
You can maximise your Air Miles earnings by making your travel bookings using Kotak Unbox platform, instead of any other travel portal
You can utilise your earned Air Miles by either using them on Kotak Unbox or converting them into partner miles
Similar Cards:
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Paisabazaar Review
What do we like about this card?
Kotak Mahindra Bank Air+ Credit Card stays true to its travel card status by focussing all its features and benefits towards savings on travel costs. This is done by offering accelerated rewards on travel spends and letting the card users redeem the earned rewards against future travel bookings in up to 1:1 ratio. However, the users would have to use Kotak Unbox platform for their travels to optimise their value-back. The complimentary lounge access, though limited for international use, comes without any spending condition making it easier to avail. The welcome and renewal bonus Air Miles further add to the possible travel savings.
Pros
- 5% savings on travel spends
- 2% base value-back rate on all spends
- Up to 1:1 Air Mile redemption ratio
- Complimentary airport lounge access worldwide
Cons
- No rewards on international spends
- Earned Air Miles are only redeemable against travel bookings
- No significant benefits on non-travel lifestyle-related spending categories
- No annual fee waiver option
Conclusion
Kotak Air+ is suitable for you if you are looking for a dedicated travel credit card, but you must keep a few things in mind. You will be able to make the most of this card only if you restrict your travel bookings to Kotak Unbox platform. The annual bonus Air Miles, though try to compensate for the fee charged, are still lesser in value. Furthermore, this card, despite a lower forex fee, does not offer any rewards on international spends so is more suited to domestic travellers.
Frequently Asked Questions
Everything you need to know about this credit card
No, Kotak Air+ Credit Card does not come with any spend-based fee waiver option.
Kotak Air+ Credit Card does not offer any rewards or Air Miles on international transactions. Moreover, all international spends are charged with a 2% forex mark-up fee.
You can find Kotak Unbox on Kotak Mahindra Bank mobile app. You can login to the app and either click on Wallet or Credit Cards option and select Kotak Air+ Credit Card. Then scroll to the Air Miles section to check your accrued Air Miles balance and click on Redeem option to access Kotak Unbox.
Air Miles earned on Kotak Air+ Credit Card spends are credited within 5 days of transaction settlement.
The accelerated Air Miles are capped at 15,000 Air Miles per month. But there is no capping on base earning rate. So, cardholders will continue earning the base Air Miles rate on all spends even if they reach the capped limit for accelerated Air Miles.
Footnotes
- Exclusions: Fuel, rent, utility/telecom, international spends, insurance, education & government, wallet loading, EMI, online gaming and cash advance
- Min. 200 Air Miles are needed for flight and hotel bookings on Kotak Unbox and max. 80% of the booking value can be paid through Air Miles redemption
- Min. 1,000 Air Miles are needed to transfer them to the preferred airline/hotel partner
Click here to know More Terms and Conditions
Lepakshi Phogat
Lepakshi is a content writer specialising in personal finance and credit cards. She translates complex financial concepts into practical advice, helping readers make informed financial decisions. Whether it is helping them choose the right credit card or offering strategies to build their credit score, she writes to make personal finance less intimidating and more empowering.
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