SimplifyCards take
A quick decision view before the full facts.
Good fit if: you want a card built for UPI, lifetime free, and virtual card.
Why it can work
It combines accelerated rewards on UPI and other eligible spends and no annual fee.
Where value may drop
Fuel, rent, and insurance 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 |
|---|---|---|
| Utility bills | Rs 3,000 | 1,080 |
| UPI payments | Rs 5,000 | 1,800 |
| Other spends | Rs 8,000 | 2,880 |
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 UPI And Other Eligible Spends
3 Reward Points / ₹100 spent
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 fuel, rent, and insurance
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 |
|---|---|---|
| UPI and other eligible spends | 3 Reward Points / ₹100 spent | - |
| Utility spends | 3 Reward Points / ₹100 spent | 1,050 Kotak Reward Points |
Redemption
| Voucher partner | Programme / collection | Ratio |
|---|---|---|
| Brand e-Vouchers | Shopping & gift vouchers via Kotak Rewards | 1 point = Rs 0.07 |
| Travel bookings | Flight & hotel bookings via Kotak Rewards | 1 point = Rs 0.07 |
Exclusions
Categories that earn no rewards on this card.
- Fuel spends
- Rent payments
- Railway ticket bookings
- E-wallet loading transactions
- EMI transactions
- Education spends
- Balance Transfer
- Insurance spends
- Government services spends
- Online skill-based gaming transactions
Benefits and fine print
Welcome, renewal, and other listed benefits.
Additional benefits
- UPI payments on credit card linked via major UPI apps
- Virtual card auto-registered and managed via Kotak Mobile Banking App
Additional details
- Minimum of 2,000 reward points required to redeem.
- Points can be redeemed as statement credit or for vouchers/travel via the Kotak Rewards portal (kotakrewards.com).
Eligibility
Check this before you apply.
Salaried
- Age: 18 years and above
- Must be an existing Kotak Credit Card holder
Self-employed
- Age: 18 years and above
- Must be an existing Kotak Credit Card holder
Compare before you decide
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