Kotak League Platinum cashback rate, cap and annual fee
Kotak League Platinum pays 0.37% on everything, as a base rate. The card costs INR 499 a year.
Kotak Mahindra Bank · India · catalogue v101
Read from Kotak Mahindra Bank's own published terms on 20 Sep 2026.
INR 499Annual fee
0.37%Best rate
What it pays, by category
| Spending | Rate | Monthly cap |
|---|---|---|
| everything else | 0.37% | —Eight Reward Points per ₹150 on ordinary spending. |
| fuel | None | —Fuel has earned no points since 1 June 2025. The surcharge waiver, up to ₹3,500 a year, is separate. |
| rent and property | None | —Rent has earned no points since 1 June 2025. |
| education | None | —Education has earned no points since 1 June 2025. |
| government | None | —Government payments earn nothing. Utilities still earn, but only on the first ₹35,000 a statement cycle, and this app files the two together so it rep |
Eight Reward Points per ₹150 reads well and is worth 0.37% in cash, because Kotak cut the cash value of a point from ₹0.10 to ₹0.07 on 1 June 2025 and left vouchers at ₹0.10. Cash redemption also needs 2,000 points, so the first ₹37,500 of spending buys nothing at all. The same June 2025 revision stopped earning entirely on wallet loads, fuel, online skill-based gaming, insurance, government, rent and education, and capped utility earning at ₹35,000 a statement cycle. What is left is ordinary spending, which is what the rate applies to. ₹499 to join and ₹499 a year, waived above ₹50,000 of retail spending — a low bar, and the reason to hold it. 3.5% abroad. Sources: kotak.bank.in card page and Key Facts Statement, both checked 20 Sep 2026.
Questions people ask
What cashback does the Kotak League Platinum pay?
0.37% on everything, as a base rate.
Is there a cap on the Kotak League Platinum?
No monthly cap is published on the rates shown here.
What is the annual fee on the Kotak League Platinum?
INR 499 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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