Kotak Mahindra Bank
UPI RuPay Credit Card
SimplifyCards take:A good fit if you want a card built for UPI, lifetime free, and virtual card
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Best for UPI And Other Eligible SpendsBest for
3 Reward Points / ₹100 spent
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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 UPI, lifetime free, and virtual cardBottom line
It combines accelerated rewards on UPI and other eligible spends and no annual fee
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 | 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
Statement balanceupto ₹ 0.07 per point
Vouchersupto ₹ 0.07 per point
| Voucher partner | Programme / collection | Ratio |
|---|---|---|
| Brand e-Vouchers | Shopping & gift vouchers via Kotak Rewards | 1 point = ₹0.07 |
| Travel bookings | Flight & hotel bookings via Kotak Rewards | 1 point = ₹0.07 |
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
Exclusions
Spending that does not earn kotak reward points
- 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
Compare before you decide
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