Kotak Mahindra Bank Credit Cards review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Kotak Mahindra Bank credit cards suit India based shoppers who want cashback on everyday categories and can clear the bill each month. The annual fee of INR 750 is the sticking point, and it ranks 224 of 301 cards on that measure.
Key facts
- Best for
- Cashback on daily spending for cardholders who pay the bill in full.
- Annual fee
- ₹750 (Source, checked September 26, 2026)
- Currency conversion fee
- 0% to 2% (Source, checked September 26, 2026)
- Rewards type
- Cashback (Source, checked September 26, 2026)
- Rewards rate
- 5% on online groceries, food delivery, movie tickets and OTTs; 3% on fuel; 0.5% on other eligible spends (Source, checked September 26, 2026)
- Perks
- 1% fuel surcharge waiver on transactions between INR 500 and INR 4000, capped at INR 3500 per anniversary year, Up to 3 add-on cards, issued free of cost, First year annual fee free (limited time offer), UPI on credit card available on the RuPay variant, Accrued points redeemable as cashback against statement outstanding on Kotak Unbox (Source, checked September 26, 2026)
- Card kind
- Credit (Source, checked September 26, 2026)
- Legal entity
- Kotak Mahindra Bank Limited (Source, checked September 26, 2026)
- Headquarters
- India (Source, checked September 26, 2026)
- Founded
- 1985 (Source, checked September 26, 2026)
- Support channels
- Phone, Email, Chat, Help-centre (Source, checked September 26, 2026)
- Features
- Rewards
- Official website
- kotak.com
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- The cashback rate is strongest on online groceries, food delivery, movie tickets and streaming, with fuel paying its own rate.
- The annual fee of INR 750 is waived for the introductory period under a limited time offer: 1% fuel surcharge waiver on transactions between INR 500 and INR 4000, capped at INR 3500 per anniversary year, Up to 3 add on cards, issued free of cost and First year annual fee free (limited time offer).
- Support runs on phone, email and chat, with a phone line, email, chat and a help centre.
- A fuel surcharge waiver and add-on cards at no extra charge sit alongside the cashback: 1% fuel surcharge waiver on transactions between INR 500 and INR 4000, capped at INR 3500 per anniversary year, Up to 3 add on cards, issued free of cost and First year annual fee free (limited time offer).
Cons
- The annual fee of INR 750 puts the card near the bottom of the annual fee ranking, at 224 of 301.
- A currency conversion charge of 0% to 2% applies abroad, so the cashback returns least on foreign spend.
- The waived opening fee and the add-on cards come as a limited time offer: 1% fuel surcharge waiver on transactions between INR 500 and INR 4000, capped at INR 3500 per anniversary year, Up to 3 add on cards, issued free of cost and First year annual fee free (limited time offer).
Who it suits
- Cardholders in IN who spend on groceries, food delivery, movies, streaming and fuel most weeks.
- People who clear the statement in full and want cashback rather than a points or miles scheme.
- Shoppers who value UPI on a credit card on the RuPay variant: 1% fuel surcharge waiver on transactions between INR 500 and INR 4000, capped at INR 3500 per anniversary year, Up to 3 add on cards, issued free of cost and First year annual fee free (limited time offer).
Who should look elsewhere
- Anyone who wants a card to hold at no cost: the Varo Believe Secured Credit Card has an annual fee of $0.
- Cardholders who prefer a secured structure: the Chime Card (Secured Visa Credit Card) has an annual fee of $0.
- Spenders outside the rupee market: the Bitpanda card has an annual fee of €0 in euros.
How Kotak Mahindra Bank Credit Cards compares
9.3 vs 9.0
9.3 vs 8.9
9.3 vs 8.8
9.3 vs 9.2
9.3 vs 8.8
9.3 vs 9.4
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 9.0
9.3 vs 8.8
9.3 vs 8.8
9.3 vs 8.7
9.3 vs 9.2An annual fee of €0 in euros, which suits a wallet that does not spend in rupees.
9.3 vs 9.0
9.3 vs 9.5
9.3 vs 9.4
9.3 vs 9.4
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.1
9.3 vs 9.1
9.3 vs 9.1
9.3 vs 8.8
9.3 vs 8.8- 9.3 vs 8.8
- 9.3 vs 8.8
- 9.3 vs 8.8
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.3
9.3 vs 8.2
9.3 vs 8.0
9.3 vs 8.0
Where Kotak Mahindra Bank Credit Cards is available
- Available
- India
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does the card cost each year?+
The annual fee is INR 750 on this cashback credit card. Under the limited time offer listed with the perks, that fee is waived for the introductory period, so the opening stretch costs nothing before the full fee returns.
How much cashback does it pay?+
This is a cashback card rather than a points or miles scheme. The rate is strongest on online groceries, food delivery, movie tickets and streaming, lower on fuel, and lower again on other eligible spending, so the return depends on where you shop.
What does it cost to spend abroad?+
A currency conversion charge of 0% to 2% applies to foreign transactions, which is where the card earns least. The 1% fuel surcharge waiver on transactions between INR 500 and INR 4000, capped at INR 3500 per anniversary year, Up to 3 add on cards, issued free of cost and First year annual fee free (limited time offer) are all geared to fuel, groceries and domestic payments, so the card is built for spending at home rather than travel.
Is it a credit card or a debit card?+
It is a credit card, so there is a statement balance to clear rather than money taken straight from an account. The issuer is Kotak Mahindra Bank Limited, based in India, and a cashback card only pays while you keep the balance clear.
How do I reach customer support?+
Support runs on phone, email and chat, so you can use the phone line, email, chat or the help centre. Kotak Unbox is where accrued points are turned into cashback against the amount outstanding, and the same channels handle those redemption questions.
What extras come with the card?+
The 1% fuel surcharge waiver on transactions between INR 500 and INR 4000, capped at INR 3500 per anniversary year, Up to 3 add on cards, issued free of cost and First year annual fee free (limited time offer) go further than the cashback rate: a fuel surcharge waiver on eligible fuel transactions with a cap each anniversary year, add-on cards at no extra charge, and UPI on a credit card on the RuPay variant.
Is it worth switching from a card with no annual fee?+
Cards such as the Varo Believe Secured Credit Card carry an annual fee of $0, so the INR 750 fee here is a real extra cost. The case for this card is the cashback on categories you actually use, plus the introductory waiver.
Sources
- kotak.com/en/about-us.html checked September 26, 2026
Backs: Founded, Headquarters, Legal entity
“From launching Kotak Mahindra Finance Ltd. in 1985 to becoming one of the country's most trusted financial institutions today”
- kotak.com/en/personal-banking/cards/credit-cards.html checked September 26, 2026
Backs: Currency conversion fee
“Low Foreign Currency Mark-up of 2% ... Zero Forex Mark-up on all international spends”
- kotak.com/en/personal-banking/cards/credit-cards/kotak-ca... checked September 26, 2026
Backs: Annual fee, Card kind, Features, Perks, Rewards rate, Rewards type, Support channels
“Annual fees ₹ 750”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: APR.
Related by the facts
Kotak Mahindra Bank Credit Cards
Cashback on daily spending for cardholders who pay the bill in full.