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Independent card analysis

Kotak Cashback+ Credit Card

Kotak Mahindra Bank · Visa + RuPay · Mid card

Combines grocery, food-delivery, entertainment and fuel rewards in one moderately priced card, making it useful for households whose spending crosses several everyday categories.

Best suited to

Households spending regularly on online groceries, food delivery, OTT or movies and fuel.

Authored and reviewed by GainFair
Terms checked 13 Sept 2026
Annual fee
₹750 + GST
Joining fee
₹750 + GST
Base reward rate
0.5%
Forex markup
3.5%

Reward rates by spending category

Published catalogue rates before caps and merchant-category exclusions.

CategoryRecorded rate
Fuel & commute
3%
Online shopping
0.5%
Groceries & essentials
0.5%
Dining & delivery
0.5%
Travel & hotels
0.5%
Beauty & wellness
0.5%
Entertainment & movies
0.5%
Healthcare & pharmacy
0.5%
Subscriptions & streaming
0.5%
Offline store shopping
0.5%
International spending
0.5%
Other miscellaneous
0.5%
Gold & jewellery
0.5%
Bills & utilities
0%
Education & family
0%
House rent
0%
Insurance premiums
0%

Caps and fee waiver

Reward caps
No general cap recorded
Annual fee waiver
At ₹2,00,000 annual spending
Monthly income requirement
Not listed

Airport lounge access

No complimentary airport lounge access recorded

Movies and entertainment

INOX · Buy one, get one · up to ₹250 · 1 use/month

Availability: PVR INOX offer published through September 30, 2026..

BookMyShow · 20% discount · up to ₹150 · 1 use/month

Availability: Minimum ₹299 booking; offer published through September 30, 2026..

Benefit details

Benefits & conditions

Expand a category to see recorded benefits, fees and eligibility, with conditions and links to the sources. Categories without recorded details are grouped below; missing information does not mean a benefit is unavailable.

Rewards and cashback · 6 items

  • RuPay credit-card UPI cashback

    Usage-based value

    Eligible RuPay credit-card UPI payments earn 0.5% even in categories that otherwise have an accelerated card rate.

    Conditions: Eligible RuPay credit-card UPI payments earn 0.5% even in categories that otherwise have an accelerated card rate.

    Status: verifiedReviewed: 2026-09-21Official source ↗

  • Online grocery, food and entertainment cashback

    Usage-based value

    5% only on eligible online groceries, food delivery, movie tickets and OTT subscriptions.

    Conditions: 5% only on eligible online groceries, food delivery, movie tickets and OTT subscriptions.

    Status: verifiedReviewed: 2026-09-21Official source ↗

  • Fuel cashback

    Usage-based value

    3% cashback on eligible fuel transactions across fuel stations.

    Status: verifiedReviewed: 2026-09-21Official source ↗

  • Other eligible cashback

    Usage-based value

    Unlimited 0.5% cashback on other eligible purchases; offline grocery, dining and entertainment purchases remain at this rate.

    Status: verifiedReviewed: 2026-09-21Official source ↗

  • 3% cashback on eligible fuel and 0.5% on other eligible spend

    Shown without a cash value
    Status: verifiedReviewed: 2026-09-13Official source ↗

  • Accelerated categories share a 750-point billing-cycle cap and earn zero after the cap

    Shown without a cash value
    Status: verifiedReviewed: 2026-09-13Official source ↗
Fees · 2 items

  • Annual card fee

    Cost ₹750

    ₹750 annual fee before applicable tax.

    Status: verifiedReviewed: 2026-09-13Official source ↗

  • Joining fee

    Cost ₹750

    ₹750 one-time joining fee before applicable tax.

    Status: verifiedReviewed: 2026-09-13Official source ↗
Fee waiver · 1 item

  • Annual fee waiver

    Usage-based · up to ₹750

    Annual fee may be waived after ₹2,00,000 of eligible annual spending.

    Conditions: Reach ₹2,00,000 eligible annual spending

    Status: verifiedReviewed: 2026-09-13Official source ↗
Movies and entertainment · 2 items

  • INOX movie offer

    Usage-based · up to ₹3,000

    Buy one, get one offer up to ₹250, 1 time per month. PVR INOX offer published through September 30, 2026.

    Status: verifiedReviewed: 2026-09-13Official source ↗

  • BookMyShow movie offer

    Usage-based · up to ₹1,800

    20% discount up to ₹150, 1 time per month. Minimum ₹299 booking; offer published through September 30, 2026.

    Status: verifiedReviewed: 2026-09-13Official source ↗
Fuel benefits · 1 item

  • 1% fuel surcharge waiver on ₹500-₹4,000 fuel transactions, capped at ₹3,500 per anniversary year

    Shown without a cash value
    Status: verifiedReviewed: 2026-09-13Official source ↗
Foreign-currency charges · 1 item

  • Foreign-currency markup

    Usage-based value

    3.5% foreign-currency markup before applicable tax.

    Conditions: Applies to eligible foreign-currency transactions

    Status: verifiedReviewed: 2026-09-13Official source ↗
Eligibility and availability · 1 item

  • Application eligibility

    Shown without a cash value

    Application availability: open. No universal verified numeric income threshold is used as a hard filter. Kotak Mahindra Bank does not publish a universal numeric income threshold on the reviewed product terms.

    Status: verifiedReviewed: 2026-09-21Official source ↗
Other categories (11)

These categories have no detailed entries. We distinguish confirmed absences from information that still needs review.

What stands out

  • ✓ 5% cashback on eligible online grocery, food-delivery, movie-ticket and OTT purchases
  • ✓ 3% cashback on eligible fuel and 0.5% on other eligible spend
  • ✓ Accelerated categories share a 750-point billing-cycle cap and earn zero after the cap
  • ✓ BookMyShow and PVR INOX offers under their current promotional validity

What to watch

The accelerated categories share a ₹750 cashback cap per billing cycle. Utilities, insurance, education, rent and several other categories do not earn rewards.

Recorded exclusions

Bills Utilities · Education Family · Rent · Insurance · Wallet load · Government payments · B2b · Online gaming · Emi

How GainFair evaluates this card

The personal card advisor applies your monthly spending to category rates, limits rewards at the applicable caps, adds eligible movie, milestone and lounge value, and subtracts annual fees plus foreign-currency markup and GST. It can recommend keeping your current cards when a new card does not create enough incremental value.

Ask the advisorApply ↗Read the methodology

Affiliate disclosure: Affiliate link · GainFair may earn a commission if you complete a qualifying action. You pay nothing extra, and compensation never affects recommendations or rankings. Read the full disclosure.

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Terms tracker

Card change history

Material changes verified against dated issuer notices. Effective dates can differ from announcement dates.

  1. Value reduced

    Minimum cashback redemption scheduled to increase

    Kotak has published a higher minimum point balance for cashback redemption.

    Before
    Cashback can be claimed from 100 points.
    After
    A minimum of 500 points will be required from October 16, 2026.
    Checked 21 Sept 2026Kotak Cashback+ current product terms ↗

Issuer sources

Open the sources used for this card's product details, rewards, fees and eligibility.

Product, Rewards, Fees, Eligibility ↗

Sources checked 13 Sept 2026