Kotak Cashback+ Credit Card
Kotak Mahindra Bank
A genuinely strong everyday cashback card, especially for online grocery and food delivery spenders.
₹750
Joining fee
₹750, waived at ₹2L spend
Annual fee
Official page describes 'first year free' as a limited-time offer; Paisabazaar states the fee is waived on Rs 2,00,000 annual spend — these may be separate/complementary waiver paths, flagged as not fully reconciled.
3.5%
Forex markup
4.2 / 5
Rating
Eligibility
Estimated minimum income: ₹20,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 660+
Estimated — not officially confirmed by the bank.
Key features
- 5% cashback on online food delivery, groceries and entertainment
- 3% on fuel
- 0.5% unlimited elsewhere
- Capped at 750 points/cycle
Reward details
Unlimited 0.5% cashback on other eligible spends (RuPay variant also earns 0.5% on UPI-on-credit-card spend)
- 5% cashback on Online groceries, food delivery, movie tickets, OTT subscriptions — Rs 500/month combined per Paisabazaar (official states '750 points per billing cycle' — a related but not identical framing, flagged)
- 3% cashback on Fuel spend at all fuel stations
Redemption
Redeemable as cashback only via the Kotak Unbox platform; unclaimed cashback expires in 1 year; no redemption charges.
Ratio: 1 point = Rs 1
Excluded from rewards: rent, B2B transactions, utilities, insurance, education, government payments, wallet loading, online gaming, EMI
- 1% fuel surcharge waiver on transactions Rs 500-4,000 (max Rs 3,500/anniversary year); add-on cards free.
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Praise
- 5% cashback on grocery spend and entertainment (including OTT) offers broader coverage than typical cards — Paisabazaar
Complaints
- The low Rs 500/month cap on bonused categories drastically limits earning potential for active users; suits low-to-moderate spenders best — Paisabazaar
Sources
- Official — fees, rewards
- Aggregator — lounge claim, rewards, sentiment