Kotak Mahindra Bank Credit Cards review

Kotak Mahindra Bank Credit Cards charge an annual fee of INR 750. The perks list includes a limited time offer that waives it for the opening year, after which the full fee applies. That puts the card well above the market median annual fee of €0, so the cashback has to earn its place.

The card pays cashback, listed as a cashback reward. Rates are strongest on online groceries, food delivery, movie tickets and streaming, lower on fuel and modest on other eligible spending. Accrued points can be redeemed as cashback against the statement outstanding on Kotak Unbox, as the perks set out.

Foreign currency spend is charged at 0% to 2%. The credit card median across the comparison is 2%, so overseas purchases sit below the typical cost at the top of the range, while the low end depends on the transaction. Card users paying abroad should check the range first.

The card adds a fuel surcharge waiver on transactions within a set band, capped per anniversary year, add-on cards at no cost, and a limited time offer on the annual fee. Accrued points also redeem as cashback against what is owed on Kotak Unbox. The full set is listed as 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).

Cardholders can reach support on phone, email and chat. That covers phone, email, chat and a help centre, so a blocked card, a statement query or a missing reward can be raised in whichever channel suits. The card sits inside a bank support setup rather than a standalone card desk.

The card is issued by Kotak Mahindra Bank Limited, a bank headquartered in India and operating since 1985. It is a credit card, and the feature it lists is rewards. The provider behind the cashback and the statement is therefore an established bank rather than a fintech platform.

It suits people in India whose spending is heavy on groceries, delivery, movie tickets and fuel, since that is where the cashback is strongest. Anyone who will carry a balance or clear the statement late should weigh the INR 750 annual fee before applying.

For a card that costs nothing to keep, bunq lists an annual fee of €0 and Wise lists £0. Varo Believe Secured Credit Card also shows $0 and is a secured card, so it serves people building credit. Kotak Mahindra Bank Credit Cards sit at the other end with INR 750.