With 5% value-back on grocery and food delivery, Kotak Cashback+ stand as a good option for everyday spends. The card extends entertainment benefits to OTT subscriptions and video game arcades – segments rarely touched by other cashback or rewards credit cards. Its 3% value-back on fuel is also a unique advantage as most cashback cards exclude fuel from their rewards program. However, despite offering high value-back, its low monthly capping of Rs. 500 on the accelerated category drastically brings down the overall value. For instance, if you spend Rs. 10,000 on grocery alone, your will hit the monthly capping, leaving no room to earn accelerated cashback on food deliveries, entertainment or fuel.
Kotak Mahindra Bank
Kotak Cashback+ Credit Card
Dining
Cashback
Fuel
1st Year Fee: ₹750* Plus Applicable Taxes
Cashback
5% cashback on Grocery & Entertainment
Dining Benefit
5% cashback on online food delivery
Fuel Benefit
3% cashback across all fuel spends
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About Kotak Cashback+ Credit Card
Kotak Cashback+ Credit Card is a core cashback-focused card designed to reward everyday spends such as online grocery, food delivery, online entertainment and fuel expenses. Beyond accelerated spends, cardholders earn 0.5% unlimited cashback across all other eligible categories. While the card covers multiple everyday spends, low monthly cashback capping limits the overall saving potential, especially for high spenders. Read on to know about this card’s features and benefits along with a view on who should get this card.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit Kotak Mahindra Bank‘s website.
Cashback Structure
Kotak Cashback+ Credit Card offers value-back at the following rates:
- 5% cashback on online grocery, food delivery and entertainment
- 3% cashback on fuel spends across all petrol pumps regardless of brand
- 5% cashback on other eligible purchases1
Capping and Other Terms & Conditions:
- Combined capping of Rs. 500 per month on accelerated cashback categories (5% and 3%)
- No capping on the base cashback earning
- Value-back is offered as reward points2 redeemable at 1:1 ratio
Kotak Cashback+ Credit Card: Fees & Charges
| Fee Type | Amount | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 750 + Taxes | ||||||||||||||||
| Annual/ Renewal Fee | Rs. 750 + Taxes (Waived off on spending Rs. 2 lakh in a year) | ||||||||||||||||
| Finance Charges | 3.70% p.m. | 44.40% p.a. | ||||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if:
You are looking to save on everyday expenses like groceries and food delivery
You spend a significant amount on movies and entertainment (including OTT)
You do not have a fuel credit card and would like to save on your fuel spends
You do not need benefits on other categories or additional perks like lounge access, etc.
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What do we like about this card?
Kotak Cashback+ Credit Card can be a good choice for those looking to save on groceries, food delivery and entertainment spends. While most credit cards restrict their entertainment benefit to movie discount or platform-specific offers, this card extends 5% cashback on movies, OTT subscriptions and video games, expanding the earning opportunities for consumers. In addition to these, the card also offers 3% cashback on fuel spends across all fuel stations regardless of the brand. Since most fuel cards come in collaboration with leading refineries, consumers who do not wish to limit their savings to one brand can consider getting this Kotak credit card.
Pros
- Accelerated value-back on everyday spends like grocery and food delivery
- Covers more ground in entertainment with benefits on OTT subscriptions and gaming
- Offers 3% cashback on fuel spends – which is generally excluded from rewards programs
Cons
- Base rate of 0.5% is too low for a card that charges Rs. 750 annual fee
- Low capping of Rs. 500 across all accelerated spends which limit the earning potential
- No added benefits like domestic lounge access, discounts, etc.
Conclusion
While the card comes with a good reward rate across everyday spending, the biggest drawback lies in its low monthly capping on accelerated rewards. The 5% and 3% accelerated value-back categories come with a combined capping of Rs. 500, which is too low, especially for a card that charges an annual fee of Rs. 750. Moreover, the card does not provide any additional perks like lounge access, which would be expected at this price point. Consumers who have higher spending across these bonus categories like groceries and food delivery should consider getting cards with unlimited benefits or at least higher capping to ensure maximum saving.
Frequently Asked Questions
Everything you need to know about this credit card
To claim cashback on your card, you need to redeem the accumulated reward points. For this, you can visit the Kotak Rewards Platform, login using your customer ID and password and proceed to redeem. The cashback will be credited to your card account.
There is no limit on the base cashback earning.
When you cancel a transaction or return a purchase, cashback earned on such transactions will be reversed.
EMI transactions are not eligible to earn cashback. If the cashback is credited before the conversion of transaction into EMIs, the earned cashback will be reversed.
You can reach Kotak Credit Card customer care on 1860 266 2666.
Footnotes
- Rent, Utilities, Insurance, Education and Government, B2B transaction, Wallet, Online skill-based gaming, and EMI transactions will not earn any reward points
- Reward points will expire in 1 year of accrual
Click here to know More Terms and Conditions
Rupanshi Thapa
Rupanshi is a personal finance writer, specializing in credit cards and consumer finance. Her work is committed to helping readers navigate the complex world of credit with confidence– whether they are selecting the right credit card, optimizings rewards, managing debt, or improving their financial well-being. Through her detailed insights and actionable advice, she guides readers towards smarter financial choices.
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