Kotak Cashback+ Credit Card
Rs 750Annual fee
Rs 2,00,000Fee waiver spend
0Domestic lounge
3.5%Forex markup
Best for
cashback, online food, grocery, entertainment, fuel
Top rewards
Online grocery and food delivery: 5% cashback; Online movies and OTT entertainment: 5% cashback; Fuel spends: 3% cashback
IndianOil Kotak Credit Card
Rs 449Annual fee
Rs 50,000Fee waiver spend
0Domestic lounge
3.5%Forex markup
Best for
fuel, grocery, dining, co-branded
Top rewards
IndianOil fuel spends: 24 Reward Points / ₹150 spent on IndianOil fuel spends; Grocery and dining spends: 12 Reward Points / ₹150 spent on grocery and dining; UPI and other eligible retail spends: 3 Reward Points / ₹150 spent
| Feature | Kotak Cashback+ Credit Card | IndianOil Kotak Credit Card |
|---|---|---|
| Issuer | Kotak Mahindra Bank | Kotak Mahindra Bank |
| Network | Visa, RuPay | RuPay |
| Joining fee | Rs 750 | Rs 449 |
| Annual fee | Rs 750 | Rs 449 |
| Fee waiver spend | Rs 2,00,000 | Rs 50,000 |
| Reward type | cashback | Kotak Reward Points |
| Best for | cashback, online food, grocery, entertainment, fuel | fuel, grocery, dining, co-branded |
| Top reward categories | Online grocery and food delivery: 5% cashback; Online movies and OTT entertainment: 5% cashback; Fuel spends: 3% cashback | IndianOil fuel spends: 24 Reward Points / ₹150 spent on IndianOil fuel spends; Grocery and dining spends: 12 Reward Points / ₹150 spent on grocery and dining; UPI and other eligible retail spends: 3 Reward Points / ₹150 spent |
| SmartBuy / accelerated caps | Not listed | Not listed |
| Domestic lounge | 0 | 0 |
| International lounge | 0 | 0 |
| Forex markup | 3.5% | 3.5% |
| Milestone benefits | Not listed | Not listed |
| Redemption | Statement credit: upto Rs 1 per point | Statement credit: upto Rs 0.2 per point |
| Key exclusions | Rent payments, B2B transactions, Utility bills, Insurance premiums, Education spends, Government services spends | Fuel spends at non-IndianOil outlets, Rent payments, E-wallet loading transactions, EMI transactions, Education spends, Government spends |