Kotak Cashback+ Credit Card: rewards, caps and exclusions
The Kotak Cashback+ Credit Card pays 5% on Food, Groceries (online), Entertainment, Subscriptions (online), on the first ₹15,000 of spend a cycle, and 0.5% on everything else. Below is every rate, cap and exclusion in Kotak Mahindra Bank's published terms, as we last checked them on 9 October 2026.
What it earns
What earns nothing
Spend in these categories earns no rewards on this card, however it is paid for:
- Rent
- Cash withdrawals and fees
- Utility bills
- Telecom bills
- Insurance premiums
- Education fees
- Government payments
- Wallet loads
- Gaming
- EMI conversions
- Railway bookings (since 1 June 2025)
- Tolls (since 1 June 2025)
What costs extra
Worse than earning nothing: Kotak Mahindra Bank charges a fee for these.
- 1% on Fee on Fuel Transactions, plus GST
- 1% on Fee on Utility Spends, plus GST
- 1% on Fee on Wallet Loading, plus GST
- 1% on Fee on Online Skill-Based Gaming, plus GST
- 1% on Fee on Rent Payments, plus GST
- 1% on Fee on Education Payment, plus GST
Fees
- Annual fee: ₹750, plus 18% GST
- Joining fee: ₹750
- Annual fee waived on ₹2,00,000 of spend in a card year
Where this comes from
Transcribed from Kotak Mahindra Bank's own documents and checked against them on 9 October 2026:
- product page, kotak.bank.in
- Cashback Program Guide, images.kotak.bank.in (PDF)
- kotak.bank.in (PDF)
- KFS, kotak.bank.in (PDF)
- MITC, kotak.bank.in (PDF)
Banks change these terms, sometimes with a month's notice. If a figure here disagrees with Kotak Mahindra Bank's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.
Hold this card?
We know this card's rules, but we don't read Kotak Mahindra Bank's mail yet, so the audit can't check your swipes on it. Which banks we read