Question 1

What is the annual fee on the Kotak UPI RuPay Credit Card and how do you get it waived?

Accepted Answer

The Kotak UPI RuPay Credit Card is a lifetime free card, so there is no joining fee and no renewal fee to recover. Everything you earn on it is net gain, which also means the only thing worth watching is the reward caps and the excluded categories. Check that the card still has no fee on your welcome letter, because Kotak Mahindra Bank prices some variants differently.

RECENT CHANGES

Terms were revised recently — verify current fee, reward and exclusion terms before you apply.

Question 2

What is the reward rate on the Kotak UPI RuPay Credit Card?

Accepted Answer

You earn 3 points per ₹100 on all other. Each point is worth about ₹0.25 when you redeem it well, so ₹10,000 of top category spend gives you 300 points, roughly ₹75, which is about 0.75% back. Rent Payments, Fuel Spends, Wallet Loads, EMI Spends earn nothing at all.

Question 3

Which spends do not earn rewards on the Kotak UPI RuPay Credit Card?

Accepted Answer

Rent Payments, Fuel Spends, Wallet Loads, EMI Spends, Cash Advance earn nothing on this card. Reward points are not accrued on Rent Payments, Fuel Spends, Wallet Loads, EMI Spends & Cash Advance. Between them these cover a large part of a normal month, so work out your reward rate on eligible spend only, not on your total bill.

Question 4

What changed on the Kotak UPI RuPay Credit Card recently and is it still worth it in 2026?

Accepted Answer

RP value ₹0.25→₹0.20; category caps; no RP on wallet/fuel/rent; lounge ₹75k/quarter; interest up. The changes are dated Jun 1, 2025. It costs nothing to hold, so keep it as a backup card and stop treating it as your main one if your top category no longer earns.

Card Details

Kotak UPI RuPay Credit Card

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Reward Calculator

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