Key Points
- Kotak Mahindra Bank has likely launched two new credit cards, Cashback+ and Air+, targeting shoppers and travelers, respectively.
- The Cashback+ card seems to offer high cashback on daily expenses like food delivery, groceries, and entertainment, while the Air+ card appears focused on travel rewards and lounge access.
- Details are based on recent online sources and social media, as official announcements are still pending, so some information might change.
Overview
Kotak Mahindra Bank has introduced two new credit cards, Cashback+ and Air+, designed for different lifestyles. These cards aim to cater to shoppers looking for cashback on everyday purchases and travelers seeking travel-related benefits.
Table of Contents
Card Details
Here’s a breakdown of what we know so far:
- Cashback+ Credit Card: Ideal for daily spending, it offers cashback on categories like food delivery, groceries, and entertainment, with lower fees for frequent use.
- Air+ Credit Card: Tailored for travelers, it provides air miles on travel bookings and perks like airport lounge access, suitable for frequent flyers.
For more details, you can check reliable sources like CardInsider Blog.
Detailed Report: Kotak Mahindra’s New Credit Card Launches
Kotak Mahindra Bank, a prominent player in India’s financial sector, has recently expanded its credit card portfolio with the introduction of two new offerings: the Cashback+ and Air+ credit cards. These cards, unveiled as of July 2025, are designed to cater to distinct customer segments—shoppers focused on daily expenses and travelers seeking travel-related benefits. While official announcements from the bank are still pending, detailed insights have emerged from recent online sources and social media discussions, providing a comprehensive view of their features and potential impact.
Background and Context
The launch of Cashback+ and Air+ follows Kotak Mahindra Bank’s active period after the Reserve Bank of India lifted a previous ban, during which the bank introduced other cards like the IndiGo co-branded credit cards and the premium Kotak Solitaire Credit Card, while discontinuing the Myntra Kotak Credit Card. This expansion reflects the bank’s strategy to diversify its offerings and appeal to younger, Gen Z demographics, as evidenced by the cards’ modern, appealing designs.
Detailed Features and Benefits
The following table summarizes the key features of both cards, based on information available from CardInsider and corroborated by social media posts from verified creators:
| Feature | Cashback+ Credit Card | Air+ Credit Card |
|---|---|---|
| Joining/Annual Charges | ₹750 + GST | ₹3,000 + GST |
| Annual Fee Waiver | Waived on spends of ₹2 Lakh | No Annual Fee Waiver |
| Welcome Benefits | – | 2,500 Air Miles as Welcome & Renewal Benefit |
| Reward Rate | 5% Cashback on Online Food Delivery, Grocery, Entertainment; 3% on Fuel Spends; 0.5% on All Other Eligible Spends | 5 Air Miles/₹100 on travel bookings via Kotak Unbox; 2 Air Miles/₹100 on Other Purchases |
| Fuel Surcharge Waiver | 1% for transactions ₹500-₹4,000, up to ₹3,500/year | 1% for transactions ₹400-₹7,500, up to ₹4,500/year |
| Airport Lounge Access | N/A | 2 International & 4 Domestic visits annually |
| Forex Charges | 3.5% | 2% |
| Target Audience | Everyday use, daily spending categories | Travelers, especially via Kotak Unbox platform |
Cashback+ Credit Card
The Cashback+ card is tailored for individuals focused on maximizing rewards from daily expenditures. It offers:
- A joining and annual fee of ₹750 + GST, with the possibility of a waiver upon spending ₹2 Lakh annually.
- A generous 5% cashback on online food delivery, grocery purchases, and entertainment, making it attractive for frequent users of these services.
- 3% cashback on fuel spends, beneficial for those with regular commuting needs.
- A baseline 0.5% cashback on all other eligible spends, ensuring rewards across various categories.
- A fuel surcharge waiver of 1% on transactions between ₹500 and ₹4,000, capped at ₹3,500 per year, which can help offset fuel costs.
This card is particularly suited for those who prioritize cashback on everyday expenses, aligning with modern spending habits on platforms like grocery delivery apps and entertainment subscriptions.
Air+ Credit Card
The Air+ card, on the other hand, is designed for travelers, especially those who book through Kotak’s Unbox platform. Its features include:
- A higher joining and annual fee of ₹3,000 + GST, with no fee waiver, reflecting its premium positioning.
- A welcome and renewal benefit of 2,500 Air Miles, providing immediate value for new users.
- A reward rate of 5 Air Miles per ₹100 spent on travel bookings via Kotak Unbox, and 2 Air Miles per ₹100 on other purchases, incentivizing travel-related spending.
- Airport lounge access with 2 international and 4 domestic visits annually, enhancing the travel experience.
- Lower forex charges at 2%, compared to the standard 3.5%, making it cost-effective for international transactions.
- A fuel surcharge waiver of 1% on transactions between ₹400 and ₹7,500, capped at ₹4,500 per year, offering additional savings for travelers.
This card is ideal for frequent flyers and those who value travel perks, such as lounge access and air miles, which can be redeemed for flight bookings or other travel-related benefits.
Launch and Availability
As of July 20, 2025, the Cashback+ and Air+ cards are listed on Kotak Mahindra Bank’s credit card application page, indicating their availability for application. However, they have not yet appeared on the bank’s main credit card webpage, suggesting that official announcements may still be forthcoming. Social media posts, including those from @ProfessorCardz and @imYadav31, confirm that applications are open, with users already applying for the Air+ card and sharing details of its benefits. This aligns with reports from CardInsider, which noted the cards’ Gen Z-friendly design and speculated benefits based on their names.
Supporting Evidence and Sources
The information presented is derived from multiple sources, ensuring reliability:
- CardInsider Blog provided detailed breakdowns of features, including fees, reward rates, and target audiences.
- Social media posts on X (formerly Twitter), such as those by @ProfessorCardz (PostID: 1946217829331841026) and @imYadav31 (PostID: 1946447784845963452), corroborated the features and confirmed application availability.
- General credit card comparison sites like Paisabazaar and BankBazaar, while not specifically mentioning these new cards, provided context on Kotak’s existing portfolio, supporting the bank’s active expansion strategy.
Conclusion
The Cashback+ and Air+ credit cards represent Kotak Mahindra Bank’s latest effort to cater to diverse customer needs, offering specialized benefits for daily spenders and travelers. With competitive reward rates, fee structures, and additional perks like lounge access, these cards are poised to attract a wide audience. As more official details emerge, they are likely to become significant additions to the bank’s credit card offerings, aligning with modern spending and travel trends.
