Verified by CardIQ admin · last checked 04 Jul 2026
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Kotak Mahindra Bank

Kotak Cashback+ Credit Card

creditVisa/RuPay

An entry-level cashback credit card offering accelerated rewards on online food, grocery, entertainment, and fuel spends, with points redeemable as cashback at a 1:1 ratio.

Score breakdown

Data completeness: 100% · Last verified: 06 Jul 2026

Reward value55/100 · weight 65%
2.79% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +2.8% score bonus — earns broadly without narrow category restrictions.
No rewards on: gaming, government, wallet_load, rent, education, utilities, insurance. Reward score is scaled by ×(1 − 4.2%), proportional to how much of the standard basket falls in these excluded categories (v4 formula, capped at −5%). Tip: pair with a card that covers these.
Fee efficiency93/100 · weight 11%
Redemption flexibility92/100 · weight 8%
Perks0/100 · weight 8%
Devaluation risk70/100 · weight 8%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
750 + 18% GST
= ₹885 total
Annual fee
750 + 18% GST
= ₹885 / year total
Waiver: On Spends of ₹2 Lakh Each Year
Forex markup
3.5%

Lounge access

Domestic (per year)
0
International (per year)
0

Confirmed devaluation alerts

No confirmed devaluations tracked for this card. That doesn't mean none exist — see the neutral 70/100 devaluation-risk sub-score above.

Reward structure

CategoryTypeRateCapNotes
diningcashback5%₹750 / monthly5% accelerated cashback on online food & grocery delivery... capped at 750 Reward Points per statement cycle.
groceriescashback5%₹750 / monthlyIncludes online grocery delivery. Combined cap with food and entertainment.
ott_subscriptionscashback5%₹750 / monthlyOnline entertainment (OTT & Movie tickets); shared ₹750/month cap with dining/groceries/fuel accelerated categories. Mapped to ott_subscriptions leaf (nearest taxonomy node); movie ticket spend not separately modeled.
fuelcashback3%₹750 / monthlyCombined cap with other accelerated categories.
all_spendscashback0.5%Unlimited 0.5% cashback on all other eligible spends.

No rewards on

These categories earn zero rewards on this card. Reward score is scaled down by up to −5%, proportional to how much of the standard basket sits in the excluded categories (v4.3 formula).

rentutilitiesinsuranceeducationgovernmentwallet loadgamingemi

Welcome offer

₹500 cashback on spending ₹5,000 within 60 days of card issuance.