Kotak Mahindra Bank Kotak Air+ Credit Card

Charge

• Finance/Interest charge: 3.50% per month (42.00% APR).
• Cash Advance Fee: 2.5% on advance amount, subject to minimum of ₹500.
• Foreign Currency Transaction Markup: 2%.
• Dynamic Currency Conversion Fee: 2%.
• Cheque Return Fee: 2% on bounce amount, min ₹500.
• Standing Instruction Failure / Auto-debit return fee (NACH, ECS, Auto Debit): 2% on bounce amount, min ₹450, max ₹5,000.
• Fee for Cash Payment at branches: ₹100.
• Over Limit Charges: ₹500 (if over-limit amount >= ₹500).
• Card Replacement Fees (Lost & Damaged): ₹100.
• Credit Limit Increase Processing Fees: ₹100 + GST.
• Fee on Rent Payments: 1% of transaction amount.
• Fee on Wallet Loading: 1% on cumulative wallet loading spends exceeding ₹10,000 per statement cycle.
• Fee on Fuel Transactions: 1% on cumulative fuel spends exceeding ₹50,000 per statement cycle.
• Fee on Utility Spends: 1% on cumulative utility spends exceeding ₹75,000 per statement cycle.
• Fee on Education Payment: 1% on all education payments made via third-party apps.
• Fee on Online Skill-Based Gaming: 1% on cumulative spends exceeding ₹10,000 per statement cycle.
• Minimum Amount Due: 1% of all purchase transactions & cash advances & 100% of EMI, Finance Charges, Fees/Charges & Tax, min ₹100.
• Late Payment Charges (effective 5 December 2025): <=₹100 ₹0.
• >₹100-500 ₹100.
• >₹500-1000 ₹500.
• >₹1000-5000 ₹600.
• >₹5,000-10,000 ₹750.
• >₹10,000-25,000 ₹900.
• >₹25,000-50,000 ₹1,100.
• >₹50,000 ₹1,300 (till 4 December 2025 slabs were ₹0/100/500/600/800/1,000/1,200).
• GST applicable on all fees and charges.

Verified · Key Fact Statement (KFS) - Kotak Air+ Credit Card · 2026-07-30 · source

Interest-free period

• Interest free period can range up to 51 days depending on the Payment Due Date.
• Payment Due Date can be between 18 and 21 days after the Statement Date.
• Credit free period can range from 18-48 days or 21-51 days.
• Interest-free period is not applicable if Total Amount Due is not paid in full.

Verified · Key Fact Statement (KFS) - Kotak Air+ Credit Card · 2026-07-30 · source

Fuel surcharge waiver

• 1% Fuel Surcharge Waiver on fuel transactions across all petrol pumps in India, applicable for fuel transactions between ₹400 and ₹7,500.
• Maximum Fuel Surcharge Waiver of ₹4,500 in an anniversary year.
• No Air Miles accrued on Fuel Transactions.

Verified · Detailed Terms & Conditions - Kotak Air+ Credit Card · 2026-07-30 · source

Milestone benefit

2,500 Air Miles as Renewal Benefit credited every year, subject to payment of Annual Fees.

Verified · Detailed Terms & Conditions - Kotak Air+ Credit Card · 2026-07-30 · source

Reward cap

• Incremental Air Miles (3 Air Miles per ₹100) on travel spends on Kotak Unbox capped at 15,000 Air Miles per statement cycle.
• After cap, base 2 Air Miles per ₹100 continues.
• No cap on base earning rate.

Verified · Detailed Terms & Conditions - Kotak Air+ Credit Card · 2026-07-30 · source

Reward exclusion

Verified · Detailed Terms & Conditions - Kotak Air+ Credit Card · 2026-07-30 · source

Redemption value

• 1 Air Mile = ₹1 redemption value on Flight & Flight Add-on Bookings and on Hotel & Hotel Add-on Bookings via Kotak Unbox.
• Minimum 200 Air Miles required to make a Flight or Hotel booking.
• Maximum Air Miles redemption allowed for Flight & Hotel Booking is 80% of purchase value.
• Air Miles expire 3 years from the date of accrual.

Verified · Detailed Terms & Conditions - Kotak Air+ Credit Card · 2026-07-30 · source

Transfer rule

• Minimum 1,000 Kotak Air+ Credit Card Air Miles required for transferring into respective Hotel and Airline Partners.
• No maximum capping on transferring Air Miles to partner Hotels & Airlines.

Verified · harvested from product page · 2026-07-30 · source

Official terms

https://www.kotak.bank.in/en/personal-banking/cards/credit-cards/kotak-air-plus-credit-card.html.

Verified · Kotak Air+ Credit Card product page · 2026-07-30 · source