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Kotak Cashback+ Card: 5% Cashback on Food, Groceries & More

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the.avhishek

the.avhishek

TF Premier
Kotak Bank Cashback+ Credit Card.webp

Kotak Cashback+ Credit Card 💳

✨ 5% cashback on online food delivery, groceries & entertainment

⛽ 3% cashback on fuel spends

⚠️ Cashback on accelerated spends is capped at 500 points per billing cycle
  • Cashback is awarded based on the Merchant Category Code (MCC)
  • 1 reward point = ₹1, earned only in multiples of ₹1
  • Unclaimed cashback expires after 1 year

💰 0.5% unlimited cashback on all other eligible transactions

🚗 1% fuel surcharge waiver (up to ₹3,500 per anniversary year)

💵 Joining Fee: ₹750
🔁 Annual Fee: ₹750


Auto Disbursement of Cashback during Card Upgrade scenario :
  • From other card to Cashback+ Card upgrade case : The outstanding Reward Points/Miles/White pass in the old card account will be posted in new Cashback+ card account in the form of equivalent reward points, with value as per old card point rate
  • From Cashback+ to Other Card upgrade case : The outstanding Reward Points in the Cashback+ account will be posted in new Kotak card account in the form of equivalent Reward Points/Miles/White pass, with value as per Cashback+ card reward point rate

How to Redeem Your Cashback on the Kotak Rewards Platform 💰
  1. Open the Kotak Rewards Platform
  2. Tap the menu (☰) icon on the top left and select “Login”
  3. Enter your CRN and click “Get OTP”
  4. Enter the OTP received on your registered mobile number and email, then click “Submit”
  5. In the “Card Type” dropdown, select “Credit Card”
  6. Choose your Cashback+ Card from the “Card Number” dropdown
  7. Enter the number of Reward Points you wish to redeem
  8. Accept the Terms & Conditions and click “Submit”
📌 Note: Reward points can only be redeemed as cashback.
💸 1 Point = ₹1
 
Last edited:
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Ohh matlab soon to launch!

Kotak Cashback+ has 2L waiver and ₹750+GST=₹885 fees

5% on (let's suppose) average value of grocery order of ₹1500 = ₹75 cashback which means approx 11 to 12 months of savings will be required to recover the joining fees 😆 For food delivery there are so many 10% options that 5% pales in comparison. Similarly for fuel, so many options more than 3%

Now if this was lifetime free or First Year Free, then it would make a difference. 2L spends achievable as Kotak has regular discounts so it's only after a few months of recovering joining fees that this card can be profitable

P.S. For salaried lucky bhaskars, HSBC Live+ will give 10% on Grocery but for self-employed, this Kotak Cashback+ seems best for Grocery
 
Last edited:
Upvote 0 Downvote
Gau₹av said:
Ohh matlab soon to launch!

Kotak Cashback+ has 2L waiver and ₹750+GST=₹885 fees

5% on (let's suppose) average value of grocery order of ₹1500 = ₹75 cashback which means approx 11 to 12 months of savings will be required to recover the joining fees 😆 For food delivery there are so many 10% options that 5% pales in comparison. Similarly for fuel, so many options more than 3%

Now if this was lifetime free or First Year Free, then it would make a difference. 2L spends achievable as Kotak has regular discounts so it's only after a few months of recovering joining fees that this card can be profitable
Click to expand...
Etna to bank ne bhi nhi socha hoga jb card design kiya hoga 🤭
 
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the.avhishek said:
Etna to bank ne bhi nhi socha hoga jb card design kiya hoga 🤭
Click to expand...
Isliye to bank profit mein hota hai if we blindly take paid cards with the lure of cashback. Paid cards can also undergo SUDDEN devaluation with no remuneration for those who paid the fees (EazyDiner Signature anyone?), so we have to calculate this
 
Last edited:
Upvote 0 Downvote
Gau₹av said:
Ohh matlab soon to launch!

Kotak Cashback+ has 2L waiver and ₹750+GST=₹885 fees

5% on (let's suppose) average value of grocery order of ₹1500 = ₹75 cashback which means approx 11 to 12 months of savings will be required to recover the joining fees 😆 For food delivery there are so many 10% options that 5% pales in comparison. Similarly for fuel, so many options more than 3%

Now if this was lifetime free or First Year Free, then it would make a difference. 2L spends achievable as Kotak has regular discounts so it's only after a few months of recovering joining fees that this card can be profitable
Click to expand...
Kotak ko lag raha ye card Myntra ka replacement hai.
 
Upvote 0 Downvote
Gau₹av said:
Ohh matlab soon to launch!

Kotak Cashback+ has 2L waiver and ₹750+GST=₹885 fees

5% on (let's suppose) average value of grocery order of ₹1500 = ₹75 cashback which means approx 11 to 12 months of savings will be required to recover the joining fees 😆 For food delivery there are so many 10% options that 5% pales in comparison. Similarly for fuel, so many options more than 3%

Now if this was lifetime free or First Year Free, then it would make a difference. 2L spends achievable as Kotak has regular discounts so it's only after a few months of recovering joining fees that this card can be profitable

P.S. For salaried lucky bhaskars, HSBC Live+ will give 10% on Grocery but for self-employed, this Kotak Cashback+ seems best for Grocery
Click to expand...
Proud to be one of that lucky Bhaskar 🤣
 
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