Kotak Air+ cashback rate, cap and annual fee
Kotak Air+ pays 5% at Booked through Kotak Unbox — on the first INR 300,000 you spend on it each month, which is where the INR 15,000 cap stops it. The card costs INR 3,000 a year.
Kotak Mahindra Bank · India · catalogue v101
Read from Kotak Mahindra Bank's own published terms on 20 Sep 2026.
INR 3,000Annual fee
5%Best rate
What it pays, by category
| Spending | Rate | Monthly cap |
|---|---|---|
| Booked through Kotak Unboxtravel | 5.00% | INR 15,000reached at INR 300,000 of spendFlights and hotels booked through Kotak Unbox. 15,000 Air Miles a cycle, after which it returns to the base rate rather than to nothing. |
| travel | 2.00% | —Travel booked anywhere else earns the base rate. |
| everything else | 2.00% | —Two Air Miles per ₹100 on ordinary domestic spending. |
| fuel | None | —Fuel earns no Air Miles. |
| rent and property | None | —Rent earns no Air Miles. |
| education | None | —Education earns no Air Miles. |
| government | None | —Utilities and government payments earn no Air Miles. |
| phone and internet | None | —Telecom earns no Air Miles. |
| International transactions | None | —Anything bought in another currency earns no Air Miles at all, while still carrying the 2% markup. |
Read the last line of its exclusion list before taking this abroad. Kotak charges 2% on foreign transactions, which is well under the 3.5% the rest of the market charges, and then earns nothing whatsoever on them — international spending is on the same list as rent and fuel. So every foreign purchase on this card costs 2% and returns nothing, on a card sold on travel. Domestically it is strong and simple: 2 Air Miles per ₹100 on everything eligible, 5 per ₹100 on flights and hotels booked through Kotak Unbox, and Kotak prices an Air Mile at ₹1 against exactly those bookings — so the headline rate really is 2%, which almost nothing else in this market pays on ordinary spending. The accelerated rate stops at 15,000 Air Miles a statement cycle and then falls back to the base rather than to nothing, which is the better of the two ways to end a cap. Nothing on utilities, telecom, insurance, education, government, rent, fuel, wallet loads, EMI, online gaming or cash advances. ₹3,000 to join and ₹3,000 a year, with no spend waiver published. Sources: kotak.bank.in card page and Key Facts Statement, both checked 20 Sep 2026.
Questions people ask
What cashback does the Kotak Air+ pay?
5% at Booked through Kotak Unbox, 2% on travel and 2% on everything else. The top rate is capped at INR 15,000 a month.
Is there a cap on the Kotak Air+?
Yes. booked through kotak unbox is capped at INR 15,000 a month.
What is the annual fee on the Kotak Air+?
INR 3,000 a year.
Knowing the rate is not the same as remembering it
PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. It works offline and never connects to a bank.
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