Kotak Cashback+ Prime Credit Card
The Kotak Cashback+ Prime is the flagship of Kotak's Cashback+ family and, unusually for a Kotak card, its rewards are honest cashback (1 point = ₹1) rather than reward points — worth noting because Kotak's thinnest currencies, on the League, Urbane and UPI RuPay cards, are revised in the MITC to about ₹0.07 a point, even though most other Kotak cards sit nearer ₹0.20. It earns 5% on online grocery, food delivery and entertainment plus auto-dealer spends, 3% on fuel, and an unlimited 0.5% on everything else. The catch is the cap: one 750-point (₹750) per-billing-cycle ceiling covers every accelerated category together, fuel included, so the high rates only apply to about ₹15,000 of accelerated spend a month — and once that ceiling is hit those categories earn nothing at all for the rest of the cycle, not even the 0.5% base. The joining and annual fee is ₹750, waived at ₹2 lakh of annual spend, though rent, wallet, utility, education and transportation spends do not count toward that target. There is no lounge access and forex is the standard 3.5%, so this is a home-spending cashback card, not a travel one. A base Cashback+ card also exists at the same ₹750 fee and the same 750-point cap — the difference is the categories, not the price: the base pays 5% on online movie tickets and OTT subscriptions where Prime pays 5% on entertainment and auto dealers.
Key features
What this card is built to do — the highlights that actually matter.
5% on Groceries
5% on ONLINE grocery. All accelerated categories — online grocery, food delivery, entertainment, auto dealers and fuel — share ONE 750-point (₹750) per-billing-cycle cap, and earn nothing at all once it is met
5% on Dining
5% on ONLINE food delivery. Shares the single 750-point (₹750) per-cycle accelerated cap with online grocery, entertainment, auto dealers and fuel; earns nothing once the cap is met
Annual Fee Waiver
Fee of ₹750 + 18% GST (₹885 all-in)/yr fully waived when you spend ₹2,00,000/year
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹3,500/month
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Groceries | cashback | 5% | ₹750 |
| Dining | cashback | 5% | ₹750 |
| Fuel | cashback | 3% | ₹750 |
| Other | cashback | 0.5% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹885 |
| Joining fee (incl. 18% GST) | ₹885 |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹3,500 |
Perks & benefits
Estimated annual value beyond rewards — ~₹1,000/yr in total.
fuel waiver ~ ₹1,000 /yr
1% fuel surcharge waiver on ₹500–₹4,000 fuel transactions, up to ₹3,500 per anniversary year. Kotak's MITC adds that transactions given this waiver earn no reward points and names only the base Cashback+ card as exempt, which sits awkwardly beside the 3% fuel rate on the product page
Should you get it?
Best for: Online grocery and food-delivery spenders, People who want simple ₹-back over points
Mid tier — a solid all-rounder for steady monthly spend.
Strongest value if you spend heavily on Groceries ( 5% back).
✓ Pros
- Real ₹1-a-point cashback rather than reward points
- 5% on online grocery, food delivery, entertainment and auto dealers (within the cap)
- 3% cashback on fuel spends
- Low ₹750 fee, waived at ₹2 lakh of annual spend
✕ Cons
- One 750-point (₹750) per-cycle cap covers every accelerated category including fuel — and they earn nothing once it is met
- No airport lounge access
- Long exclusion list (rent, utilities, education, government, wallet, EMI) earns nothing
- Standard ~3.5% forex markup — not a card for international spends
- Unclaimed cashback expires after a year, and a 1% fee applies once fuel crosses ₹25,000 or utility crosses ₹35,000 in a billing cycle
- Kotak publishes no eligibility criteria for this card, so the income and age figures shown are our estimate rather than a bank rule
Eligibility & documents
Age
21 + years
Min. income
₹30,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / valid address proof
- Latest 3 months bank statement
- Income proof — salary slips (salaried) or ITR (self-employed)
- Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Statement credit / cashback adjustment (1 point = ₹1, in multiples of 400 points)
What your Cashback are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit Direct cash adjustment — no conversion
The concern The accelerated bucket is capped at just 750 points (₹750) per billing cycle across every accelerated category combined, fuel included, and those categories earn nothing once it is met. Add a long exclusion list (rent, utilities, education, government, wallet, EMI) and real return depends heavily on staying inside the cap.
The bottom line
The Kotak Cashback+ Prime stands out among Kotak's lineup for its tangible value, offering genuine ₹1-per-point cashback rather than diluted reward currencies. Its 5% return across online groceries, dining apps, and entertainment provides strong everyday savings up to the combined ₹750 monthly ceiling, beyond which accelerated categories stop accruing rewards entirely while general spends continue earning 0.5%. It is well-suited for domestic household spenders whose category expenses align with the monthly cap and who spend at least ₹2 lakh annually to trigger the fee waiver.
Sources & verification
Fees, reward rates, and benefits for the Kotak Cashback+ Prime Credit Card are taken from Kotak Mahindra Bank 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 15 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for Kotak Mahindra Bank . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2026 · 1 changes · last change May 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 1 change — 1 neutral
◆ Launch Effective 8 May 2026
Kotak Cashback+ Prime launched — Cashback+ with an auto-dealer accelerator
5% on online food/grocery/entertainment and auto dealers, 3% fuel, 0.5% base
Kotak introduced the Cashback+ Prime alongside the Air+ Prime. It is a modified version of the existing Kotak Cashback+ rather than a wholly new product: the Prime variant adds 5% cashback at eligible auto-dealer merchants on top of the 5% on online grocery, food delivery and entertainment, 3% on fuel and an unlimited 0.5% on everything else. The accelerated bucket stays capped at 750 points (₹750) per billing cycle across those categories combined — fuel counts toward the same ceiling, not a separate one. The card carries a ₹750 joining and annual fee, waived at ₹2 lakh of annual spend. Unusually for Kotak, the rewards are honest cashback at 1 point = ₹1 rather than the bank's weaker legacy reward points. Kotak does not publish a launch date for the card; the 8 May 2026 date here comes from secondary reporting, which is why this event is recorded as reconstructed.
Verification: CardAdvisor Research · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: Kotak Cashback+ Prime Credit Card value timeline — CardAdvisor
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Quick summary
Type Mid credit card
Reward rate 0.5%–5%
Best for Online grocery and food-delivery spenders
Joining fee ₹750
Annual fee ₹750
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 15 Aug 2026
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280 cards analysed — August 2026
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