Best Kotak Credit Cards in India 2020

Kotak Mahindra Bank provides consumers with credit cards that offer competitive rewards for groceries, retail, dining, and more. After thorough research of hundreds of cards, ValueChampion market experts have formulated a consolidated list of the best Kotak Credit Cards.

Card NameBest ForFeatures
Kotak Mahindra Essentia PlatinumIndividuals who spend a lot on groceries and retail10% cashback on all grocery and retail spending
Kotak Delight PlatinumIndividuals who spend on dining and movie tickets and spend at least Rs. 10,000 per month on other categories10% cashback on dining and movie spending
Kotak Feast Gold FeastIndividuals who have annual income exceeds Rs. 300,000 and you charge at least Rs. 5,000 per month on your credit card10% cashback on dining and movies
Kotak Aqua GoldIndividuals seeking a credit card against fixed depositAnniversary bonus of Rs. 750
Kotak Mahindra Slike InspireYoung individuals who like to shop retail5% cashback on retail purchases
Kotak Mahindra NRI Royale SignatureNon-Resident Indians who are high spenders0.45% rewards rate on overseas purchases
Best Cashback Card:
Best Cards for Dining:
Best Card Against Fixed Deposit:
Best Card for Students:
Best Card for Non-Resident Indians:

Best Credit Card for Cashback: Kotak Mahindra Essentia Platinum Credit Card

  • 10% cashback on all grocery and retail spending
  • Promotions: Spend ₹ 125,000 every 6 months and get 1200 points (Up to 2400 points per year) OR Spend ₹ 125,000 every 6 months and get 6 free PVR tickets (max 12 per year)
The Kotak Mahindra Essentia Platinum Card is the best option for individuals seeking a credit card to use on their grocery and department store spending. The card offers a best-in-market 10% cashback for these categories. To receive this great cashback rate, you will be required to spend a minimum of Rs. 1,500 per transaction. The cashback earned is capped at Rs. 500 monthly across total grocery and department store spend.


For higher spenders, the card can potentially earn you 1,200 points every 6 months by spending at least Rs. 125,000 on that card in the 6 month time period. This bonus can offset the monthly 500 point cap that you may hit on grocery and department spend rewards. In terms of other spending categories, the card earns a relatively low 0.40% cashback. Additionally, this card has location restrictions as listed in the card details. As a result, the card is primarily for those interested in shopping and grocery rewards.

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  • Eligible Locations: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (incl. Gurgaon & Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai & Pune
  • Join Fee: Rs. 1,499
  • Annual Fee: Rs. 749
  • Reward Earn Rate: 10 Saving Points/Rs. 100 spent at grocery & department stores (transactions Rs. 1,500-4,000. Capped at Rs. 500). 1 point/Rs. 250 spent otherwise
  • Point Value: 1 Saving Point = Rs. 1
  • 10% cashback on all grocery and retail spending
  • Promotions: Spend ₹ 125,000 every 6 months and get 1200 points (Up to 2400 points per year) OR Spend ₹ 125,000 every 6 months and get 6 free PVR tickets (max 12 per year)
The Kotak Mahindra Essentia Platinum Card is the best option for individuals seeking a credit card to use on their grocery and department store spending. The card offers a best-in-market 10% cashback for these categories. To receive this great cashback rate, you will be required to spend a minimum of Rs. 1,500 per transaction. The cashback earned is capped at Rs. 500 monthly across total grocery and department store spend.


For higher spenders, the card can potentially earn you 1,200 points every 6 months by spending at least Rs. 125,000 on that card in the 6 month time period. This bonus can offset the monthly 500 point cap that you may hit on grocery and department spend rewards. In terms of other spending categories, the card earns a relatively low 0.40% cashback. Additionally, this card has location restrictions as listed in the card details. As a result, the card is primarily for those interested in shopping and grocery rewards.

Read Our Review

  • Eligible Locations: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (incl. Gurgaon & Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai & Pune
  • Join Fee: Rs. 1,499
  • Annual Fee: Rs. 749
  • Reward Earn Rate: 10 Saving Points/Rs. 100 spent at grocery & department stores (transactions Rs. 1,500-4,000. Capped at Rs. 500). 1 point/Rs. 250 spent otherwise
  • Point Value: 1 Saving Point = Rs. 1

Best Credit Card for Dining: Kotak Delight Platinum Credit Card

  • 10% cashback on dining and movie spending
  • Promotions: Anniversary Bonus: Spend ₹ 125,000 every 6 months and get ₹ 750 cashback or 4 free PVR tickets
The Kotak Delight Platinum Card is the best card in the market for rewards on dining spending if you are a high spender. For instance, the card provides cardholders with a best-in-market 10% cashback on both dining and movie spending, (max Rs. 4,000 per transaction, max Rs. 600 cashback per month) but requires the cardholder to spend Rs. 10,000 each month on other categories other than dining and movies to be eligible for rewards. It is important to note that no rewards are earned on other categories.


On the other hand, the Kotak Delight Platinum card provides an anniversary bonus of Rs. 750 (or 4 free PVR movie tickets) after spending of Rs. 125,000 each month. Therefore, this credit card is only useful to high spenders who particularly spend on dining and movies.

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  • Joining Fee: Rs. 1,999
  • Annual Fee: Rs. 299
  • Reward Earn Rate: Spend a minimum of Rs. 10,000 monthly on categories other than dining and entertainment and earn 10% cashback on dining (stand-alone outlets) and movies (max transaction Rs. 4,000, max Rs. 600 cashback/month)
  • Fuel Surcharge Waiver: Transactions Rs. 400-4000 (max Rs. 4,500 waived/year)
  • 10% cashback on dining and movie spending
  • Promotions: Anniversary Bonus: Spend ₹ 125,000 every 6 months and get ₹ 750 cashback or 4 free PVR tickets
The Kotak Delight Platinum Card is the best card in the market for rewards on dining spending if you are a high spender. For instance, the card provides cardholders with a best-in-market 10% cashback on both dining and movie spending, (max Rs. 4,000 per transaction, max Rs. 600 cashback per month) but requires the cardholder to spend Rs. 10,000 each month on other categories other than dining and movies to be eligible for rewards. It is important to note that no rewards are earned on other categories.


On the other hand, the Kotak Delight Platinum card provides an anniversary bonus of Rs. 750 (or 4 free PVR movie tickets) after spending of Rs. 125,000 each month. Therefore, this credit card is only useful to high spenders who particularly spend on dining and movies.

Read Our Review

  • Joining Fee: Rs. 1,999
  • Annual Fee: Rs. 299
  • Reward Earn Rate: Spend a minimum of Rs. 10,000 monthly on categories other than dining and entertainment and earn 10% cashback on dining (stand-alone outlets) and movies (max transaction Rs. 4,000, max Rs. 600 cashback/month)
  • Fuel Surcharge Waiver: Transactions Rs. 400-4000 (max Rs. 4,500 waived/year)

Best Dining Credit Card for High Income Individuals: Kotak Feast Gold Credit Card

  • 10% cashback on dining and movies
The Kotak Feast Gold credit card offers high spenders the highest return for dining. Similar to the Kotak Delight Platinum credit card, you will receive a 10% cashback on dining and movies (max transaction of Rs. 4,000 and max 600 points per month). This card does not does not require you to spend on other categories to be eligible for rewards; however, it does require a Rs. 5,000 spending minimum on all categories. The rewards are also limited to the first five dining and movie transactions per month and the card only earn rewards on dining and movie spending. Further, the card has a minimum annual income requirement of Rs. 300,000 and location restrictions. This is a solid dining card if you are able to overlook the restrictions.
  • Annual Fee: Rs. 499
  • Eligible Locations: Ahmedabad, Bangalore, Chennai, Delhi (incl. Gurgaon & Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai & Pune
  • Reward Earn Rate: On total spend of Rs. 5,000/month, earn 10 Dining Points/Rs. 100 spent on dining (stand-alone outlets) and movies (first 5 dining & movie transactions per month, max 600 points/month, max Rs. 4,000/transaction)
  • Point Value: 1 point = Rs. 1
  • 10% cashback on dining and movies
The Kotak Feast Gold credit card offers high spenders the highest return for dining. Similar to the Kotak Delight Platinum credit card, you will receive a 10% cashback on dining and movies (max transaction of Rs. 4,000 and max 600 points per month). This card does not does not require you to spend on other categories to be eligible for rewards; however, it does require a Rs. 5,000 spending minimum on all categories. The rewards are also limited to the first five dining and movie transactions per month and the card only earn rewards on dining and movie spending. Further, the card has a minimum annual income requirement of Rs. 300,000 and location restrictions. This is a solid dining card if you are able to overlook the restrictions.
  • Annual Fee: Rs. 499
  • Eligible Locations: Ahmedabad, Bangalore, Chennai, Delhi (incl. Gurgaon & Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai & Pune
  • Reward Earn Rate: On total spend of Rs. 5,000/month, earn 10 Dining Points/Rs. 100 spent on dining (stand-alone outlets) and movies (first 5 dining & movie transactions per month, max 600 points/month, max Rs. 4,000/transaction)
  • Point Value: 1 point = Rs. 1

Best Credit Card Against Fixed Deposit: Kotak Aqua Gold Credit Card

  • Anniversary bonus of Rs. 750
  • Promotions: Anniversary Bonus: Spend ₹ 150,000 in a year and get cashback of ₹ 750 or 4 free PVR tickets
The Kotak Aqua Gold credit card is a card against fixed deposit that offers a waiver on railroad charges (up to Rs. 500 waived per year). These cards, also known as secured credit cards, are great for individuals who are trying to build credit and move up to a more valuable credit card. The Kotak Aqua Gold provides cardholders with an anniversary bonus Rs. 750 (or 4 free PVR movie tickets). To be eligible for the bonus you must surpass an annual spending threshold of Rs. 150,000. We would only recommend this card to those who are seeking a card against fixed deposit and spend a lot on railway tickets.
  • Minimum Fixed Deposit: Rs. 25,000
  • No rewards earned on everyday purchases
  • Fuel Surcharge Waiver: Transactions Rs. 500 – 3,000 (max Rs. 3,500 waived per year)
  • Rail Surcharge Waiver: Max Rs. 500 waived per year
  • Anniversary bonus of Rs. 750
  • Promotions: Anniversary Bonus: Spend ₹ 150,000 in a year and get cashback of ₹ 750 or 4 free PVR tickets
The Kotak Aqua Gold credit card is a card against fixed deposit that offers a waiver on railroad charges (up to Rs. 500 waived per year). These cards, also known as secured credit cards, are great for individuals who are trying to build credit and move up to a more valuable credit card. The Kotak Aqua Gold provides cardholders with an anniversary bonus Rs. 750 (or 4 free PVR movie tickets). To be eligible for the bonus you must surpass an annual spending threshold of Rs. 150,000. We would only recommend this card to those who are seeking a card against fixed deposit and spend a lot on railway tickets.
  • Minimum Fixed Deposit: Rs. 25,000
  • No rewards earned on everyday purchases
  • Fuel Surcharge Waiver: Transactions Rs. 500 – 3,000 (max Rs. 3,500 waived per year)
  • Rail Surcharge Waiver: Max Rs. 500 waived per year

Best Credit Card for Students: Kotak Silk Inspire Credit Card

  • 5% cashback on retail purchases
  • Promotions: Anniversary Bonus: Spend Rs. 125,000 every 6 months and get 1,000 reward points (worth ~Rs. 450) or 4 free PVR tickets
Kotak Mahindra's Slike Inspire credit card is a great option that is also eligible for young individuals, such as students, who like to shop for clothing. The card offers 5% cashback on retail purchases (max Rs. 500 back per cycle) as long as you clear the Rs. 7,500 monthly retail minimum per month. Most of the cards value comes from the 1,000 point bonus every 6 months, which cardholders are eligible for after spending a minimum of Rs. 125,000 within a 6 month time period.


However, for spending categories other than retail, the cardholder will only make 0.22% cashback. Additionally, the card has a relatively high minimum fixed deposit of Rs. 50,000 and Rs. 599 joining and renewal fee. The renewal fee is waived after spends of Rs. 125,000 during the previous year. Notably, this card has location restrictions as listed in the card details. If you meet all of the requirements for this card and spend on retail often, we recommend the Kotak Mahindra Silk Inspire credit card.

  • Minimum Fixed Deposit: Rs. 50,000
  • Eligible Locations: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (incl. Gurgaon & Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai & Pune
  • Join Fee: Rs. 599
  • Annual Fee: Rs. 599 (waived on annual retail spend of Rs. 125,000)
  • Reward Earn Rate: 5% back on apparel (Rs. 7,500 minimum retail spend/billing cycle; max Rs. 500 back/cycle); 1 point/Rs. 200 all other
  • Estimated Point Value: 1 point = 1 JPMile = Rs. 0.45
  • Fuel Surcharge Waiver: Transactions Rs. 500 – 3,000; max waived Rs. 3,500/year
  • 5% cashback on retail purchases
  • Promotions: Anniversary Bonus: Spend Rs. 125,000 every 6 months and get 1,000 reward points (worth ~Rs. 450) or 4 free PVR tickets
Kotak Mahindra's Slike Inspire credit card is a great option that is also eligible for young individuals, such as students, who like to shop for clothing. The card offers 5% cashback on retail purchases (max Rs. 500 back per cycle) as long as you clear the Rs. 7,500 monthly retail minimum per month. Most of the cards value comes from the 1,000 point bonus every 6 months, which cardholders are eligible for after spending a minimum of Rs. 125,000 within a 6 month time period.


However, for spending categories other than retail, the cardholder will only make 0.22% cashback. Additionally, the card has a relatively high minimum fixed deposit of Rs. 50,000 and Rs. 599 joining and renewal fee. The renewal fee is waived after spends of Rs. 125,000 during the previous year. Notably, this card has location restrictions as listed in the card details. If you meet all of the requirements for this card and spend on retail often, we recommend the Kotak Mahindra Silk Inspire credit card.

  • Minimum Fixed Deposit: Rs. 50,000
  • Eligible Locations: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (incl. Gurgaon & Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai & Pune
  • Join Fee: Rs. 599
  • Annual Fee: Rs. 599 (waived on annual retail spend of Rs. 125,000)
  • Reward Earn Rate: 5% back on apparel (Rs. 7,500 minimum retail spend/billing cycle; max Rs. 500 back/cycle); 1 point/Rs. 200 all other
  • Estimated Point Value: 1 point = 1 JPMile = Rs. 0.45
  • Fuel Surcharge Waiver: Transactions Rs. 500 – 3,000; max waived Rs. 3,500/year

Best Credit Card for Non-Resident Indians: Kotak NRI Royale Credit Card

  • 0.45% rewards rate on overseas purchases
Kotak Mahindra's Slike Inspire credit card is a great option that is also eligible for young individuals, such as students, who like to shop for clothing. The card offers 5% cashback on retail purchases (max Rs. 500 back per cycle) as long as you clear the Rs. 7,500 monthly retail minimum per month. Most of the cards value comes from the 1,000 point bonus every 6 months, which cardholders are eligible for after spending a minimum of Rs. 125,000 within a 6 month time period.


However, for spending categories other than retail, the cardholder will only make 0.22% cashback. Additionally, the card has a relatively high minimum fixed deposit of Rs. 50,000 and Rs. 599 joining and renewal fee. The renewal fee is waived after spends of Rs. 125,000 during the previous year. Notably, this card has location restrictions as listed in the card details. If you meet all of the requirements for this card and spend on retail often, we recommend the Kotak Mahindra Silk Inspire credit card.

  • Minimum Fixed Deposit: Rs. 100,000
  • Annual Fee: Rs. 1,000
  • Reward Earn Rate: 2 points/Rs. 200 spent outside India; 1 point/Rs. 200 spent in India; no points on fuel or rail if surcharge waived
  • Estimated Point Value: 1 point = 1 JPMile = Rs. 0.45
  • Perks: Visa Lounge access (2 free visits/quarter; 29 lounges across 20 cities in India) – valid through March 31, 2019
  • Fuel Surcharge Waiver: Transactions Rs. 500 – 3,000 (max Rs. 3,500 waived per year)
  • Rail Surcharge Waiver: Max Rs. 500 waived per year
  • 0.45% rewards rate on overseas purchases
Kotak Mahindra's Slike Inspire credit card is a great option that is also eligible for young individuals, such as students, who like to shop for clothing. The card offers 5% cashback on retail purchases (max Rs. 500 back per cycle) as long as you clear the Rs. 7,500 monthly retail minimum per month. Most of the cards value comes from the 1,000 point bonus every 6 months, which cardholders are eligible for after spending a minimum of Rs. 125,000 within a 6 month time period.


However, for spending categories other than retail, the cardholder will only make 0.22% cashback. Additionally, the card has a relatively high minimum fixed deposit of Rs. 50,000 and Rs. 599 joining and renewal fee. The renewal fee is waived after spends of Rs. 125,000 during the previous year. Notably, this card has location restrictions as listed in the card details. If you meet all of the requirements for this card and spend on retail often, we recommend the Kotak Mahindra Silk Inspire credit card.

  • Minimum Fixed Deposit: Rs. 100,000
  • Annual Fee: Rs. 1,000
  • Reward Earn Rate: 2 points/Rs. 200 spent outside India; 1 point/Rs. 200 spent in India; no points on fuel or rail if surcharge waived
  • Estimated Point Value: 1 point = 1 JPMile = Rs. 0.45
  • Perks: Visa Lounge access (2 free visits/quarter; 29 lounges across 20 cities in India) – valid through March 31, 2019
  • Fuel Surcharge Waiver: Transactions Rs. 500 – 3,000 (max Rs. 3,500 waived per year)
  • Rail Surcharge Waiver: Max Rs. 500 waived per year
Sahmi Chowdhury

Sahmi is a Junior Research Analyst specialising in credit cards and insurance in India. He previously worked in the financial services sector at Brown Brothers Harriman and True Capital Management.