Kotak Cashback+
Kotak Mahindra Bank · Checked 2026-10-09
Kotak Cashback+ is a paid card focused on straightforward cashback, shopping rewards and online spending, charging ₹750 annually before GST.
CardIQ editorial view
Our take
Kotak Cashback+ is a paid card focused on straightforward cashback, shopping rewards and online spending, charging ₹750 annually before GST.
Who it suits
- People who prioritise straightforward cashback.
- People who prioritise shopping rewards.
- People whose normal usage can recover the annual fee through relevant benefits.
Key strengths
- 5% on eligible online food, groceries and entertainment; 3% on fuel; 0.5% on other eligible purchases.
Trade-offs to understand
- Combined accelerated rewards capped at ₹750 per billing cycle; base eligible cashback is uncapped.
- Points redeem as statement cashback at ₹1 each; minimum redemption rises from 100 to 500 points on 16 October 2026.
- Offline groceries/dining and eligible UPI earn only the base rate; exclusions apply.
CardIQ verdict
It deserves a place on the shortlist when your normal spending makes 5% on eligible online food, groceries and entertainment; 3% on fuel; 0.5% on other eligible purchases valuable enough to clear the fee. Factor in this condition: Combined accelerated rewards capped at ₹750 per billing cycle; base eligible cashback is uncapped.
Compare before deciding
- CASHBACK SBI Card — A higher-fee option to compare for broader benefits around shopping rewards and online spending.
- RBL Bank Jalsa — A higher-fee option to compare for broader benefits around shopping rewards and online spending.
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Benefits, limits and conditions
- Combined accelerated rewards capped at ₹750 per billing cycle; base eligible cashback is uncapped.
- Points redeem as statement cashback at ₹1 each; minimum redemption rises from 100 to 500 points on 16 October 2026.
- Offline groceries/dining and eligible UPI earn only the base rate; exclusions apply.