SimplifyCards take:A good fit if you want a card built for movies and shopping
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Best for Special Categories (Travel, Airlines, Department Stores, Electronics & Durable Goods)Best for
8 Reward Points / ₹150 spent on special categories
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Avoid for heavy international useWatch out
A 3.5% forex markup is on the higher side for overseas spends
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Good fit if you want a card built for movies and shoppingBottom line
It combines accelerated rewards on special categories (travel, airlines, department stores, electronics & durable goods) and milestone rewards
Estimate your Kotak Reward Points
Adjust your monthly spend to see the card's estimated annual value
How the card works
Kotak Reward Points rates
| Category | Rate |
|---|---|
| Special Categories (Travel, Airlines, Department Stores, Electronics & Durable Goods) | 8 Reward Points / ₹150 spent on special categories |
| Other Eligible Spends (under ₹2 Lakhs Annual Spends) | 4 Reward Points / ₹150 spent |
| Other Eligible Spends (above ₹2 Lakhs Annual Spends) | 8 Reward Points / ₹150 spent |
Redemption
Statement balanceupto ₹ 0.07 per point
Vouchersupto ₹ 0.1 per point
| Voucher partner | Programme / collection | Ratio |
|---|---|---|
| Brand e-Vouchers | Shopping & gift vouchers via Kotak Rewards | 1 point = ₹0.10 |
| Travel bookings | Flight & hotel bookings via Kotak Rewards | 1 point = ₹0.10 |
Important conditions
1
Milestone4 free PVR movie tickets (up to ₹400 each) or 10,000 Reward Points on spending ₹1,25,000 every 6 months (up to twice a year)
2
Fee waiverRenewal fee waived on annual spends of ₹ 50,000
Benefits and fine print
Welcome, renewal, and other listed benefits
Joining benefits
- 5,000 Reward Points (worth ₹500) upon payment of joining fee
Additional benefits
- 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000 (max ₹3,500 per anniversary year)
- Railway surcharge waiver (max ₹500 per anniversary year)
Additional details
- Points can be redeemed via the Kotak Rewards portal (kotakrewards.com) at a value of ₹0.10 per point for vouchers and travel bookings
- Points can also be redeemed as statement credit at a value of ₹0.07 per point, with a minimum threshold of 2,000 points
Eligibility
Check this before you apply
Salaried
- Age: 21 to 60 years
- Minimum Annual Income: ₹5,00,000
- Resident of India
Self-employed
- Age: 21 to 60 years
- Minimum Annual Income: ₹5,00,000
- Resident of India
Exclusions
Spending that does not earn kotak reward points
- Fuel spends
- Rent payments
- E-wallet loading transactions
- Online skill-based gaming transactions
- Insurance spends
- Government spends
- Education spends
- Railway ticket bookings
- EMI transactions
- Cash advance / withdrawals
Compare before you decide
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