Kotak Cashback+ Credit Card

Name: Kotak Mahindra Bank Kotak Cashback+ Credit Card
Brand: Kotak Mahindra Bank
Price: 885 INR
Rating: 4.90 (1 reviews)

Ranked #33 of 170 in credit

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Kotak's straightforward entry-level cashback card notable for covering fuel (3%) and OTT/gaming entertainment (5%) — categories most cashback cards exclude — but constrained by a low combined Rs500/month cap on accelerated earnings.

Score breakdown

Data completeness: 100% · Last verified: 09 Jul 2026

Reward value40/100 · weight 71%

≈ 1.98% effective on the standard basket (eligible spend only)

Wide-coverage rewards: +2.7% score bonus — earns broadly without narrow category restrictions.

No rewards on: government, education, insurance. Reward score is scaled by ×(1 − 0.9%), 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 12%

Redemption flexibility92/100 · weight 9%

Perks16/100 · weight 9%

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
Forex markup: 3.5%

Lounge access

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

Reward structure

Category	Type	Rate	Cap	Notes
food_delivery	cashback	5%	₹500 / monthly	Combined cap with grocery and entertainment
groceries	cashback	5%	₹750 / monthly	Includes online grocery delivery. Combined cap with food and entertainment.
dining	cashback	5%	₹750 / monthly	5% accelerated cashback on online food & grocery delivery... capped at 750 Reward Points per statement cycle.
ott_subscriptions	cashback	5%	₹750 / monthly	Online 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.
online_groceries	cashback	5%	₹500 / monthly	Combined cap with food delivery and entertainment
fuel	cashback	3%	₹500 / monthly	Combined cap with grocery/food delivery/entertainment; any petrol brand
all_spends	cashback	0.5%	—	Unlimited base rate

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).

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Welcome offer

None (per CardInsider — "no welcome or renewal benefits")

Pros

Genuinely unusual 3% cashback on FUEL (most cashback cards exclude fuel entirely) regardless of fuel brand
5% cashback on online grocery/food-delivery/entertainment (including OTT subscriptions and gaming — rare category coverage)
unlimited 0.5% base cashback

Cons

Low combined Rs500/month cap on the 5%+3% accelerated categories (~750 reward points/cycle) — significantly limits real earning potential for a Rs750-fee card
no lounge access or other lifestyle perks
base 0.5% rate is thin for the fee charged

What's inside

More benefits

PVR INOX BOGO offer
₹250
Buy one get one movie ticket offer at PVR INOX, capped Rs250/month
Cap ₹3,000 / monthly. Once/month via Kotak Cashback+ BOGO offer code

Insurance cover

text: ₹NaN

Eligibility

text: Standard entry-level Kotak criteria

Small print

Fuel surcharge:1% waiver, Rs500-4,000 range, capped Rs3,500/year