SimplifyCards take
A quick decision view before the full facts.
Good fit if: you want a card built for lifetime free, online, and fuel.
Why it can work
It combines accelerated rewards on online spends and no annual fee.
Where value may drop
Rent, insurance, and wallet loads don't earn rewards. Monthly reward caps apply on the top categories. The 3.5% forex markup is high for overseas use.
Quick facts
The key fields before the full details.
Reward calculator
Enter your monthly spend to estimate how many Kotak Reward Points you earn and what they are worth.
What your points are worth
Same points, very different value depending on how you redeem.
How you earn it
| Category | Monthly spend | Kotak Reward Points/yr |
|---|---|---|
| Online shopping | Rs 15,000 | 3,600 |
| Utility bills | Rs 3,000 | 360 |
| Other spends | Rs 8,000 | 960 |
Estimates only. Reward rates, caps, and redemption values follow each bank's current terms and can change.
Best for / avoid if
Who this card suits — and who should skip it.
Best for Online Spends
2 Reward Points / ₹100 spent online
Best as a no-fee everyday card
Lifetime-free, so there's no annual fee to recover before it adds value.
Avoid for heavy international use
A 3.5% forex markup is on the higher side for overseas spends.
Avoid if you spend big on rent, insurance, and wallet loads
These categories are excluded and won't earn rewards.
Avoid if you expect uncapped rewards
Top reward categories are capped each month, so very high spends don't scale linearly.
Rewards and redemption
Earn rates, caps, and how points convert to value.
| Category | Rate | Monthly cap |
|---|---|---|
| Online spends | 2 Reward Points / ₹100 spent online | - |
| Utility spends | 1 Reward Point / ₹100 spent on utilities | 350 Kotak Reward Points |
| Other eligible offline spends | 1 Reward Point / ₹100 spent offline | - |
Redemption
| Voucher partner | Programme / collection | Ratio |
|---|---|---|
| Brand e-Vouchers | Brand e-vouchers via Kotak Rewards | 1 point = Rs 0.10 |
| Travel bookings | Flight & hotel bookings via Kotak Rewards | 1 point = Rs 0.10 |
Exclusions
Categories that earn no rewards on this card.
- Fuel spends
- Railway ticket bookings
- Rent payments
- E-wallet loading transactions
- Online skill-based gaming transactions
- Education spends
- Government spends
- Insurance spends
- EMI transactions
- Cash advance / withdrawals
Benefits and fine print
Welcome, renewal, and other listed benefits.
Joining benefits
- 500 bonus Reward Points (worth Rs 50) on spending ₹5,000 within the first 45 days of card setup
Additional benefits
- Interest-free cash withdrawals for up to 48 days (subject to ₹100 processing fee)
- Credit limit up to 90% of your fixed deposit amount
- 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000 (max ₹3,500 per year)
- Railway surcharge waiver on irctc.co.in and counter bookings (max ₹500 per year)
Additional details
- Reward Points can be redeemed for brand e-vouchers or travel bookings via the Kotak Rewards portal at a rate of 1 Reward Point = ₹0.10.
- Reward Points can also be redeemed as statement credit (cashback) at a rate of 1 Reward Point = ₹0.07.
- A minimum of 2,00,000 Reward Points is not required; a minimum of 2,000 Reward Points is required for statement credit (cashback) redemptions, and a minimum of 300 Reward Points is required for vouchers.
- Effective April 1, 2026, the milestone program offering ₹750 cashback has been discontinued.
Eligibility
Check this before you apply.
Salaried
- Age: 18 to 75 years
- Minimum Fixed Deposit backing of Rs 10,000
- No income proof or CIBIL score checks required
Self-employed
- Age: 18 to 75 years
- Minimum Fixed Deposit backing of Rs 10,000
- No income proof or CIBIL score checks required
Compare before you decide
Alternatives based on what you might want instead.
Kotak 811 Credit Card
Best for online, entry level, milestone cashback.
Kotak UPI RuPay Credit Card
Best for upi, lifetime free, virtual card.
Standard Chartered Platinum Rewards Credit Card
Best for fuel, dining, lifetime free.