Cardfare / What changed / Kotak Mahindra Bank
Kotak Mahindra Bank credit card changes: rewards, fees and benefits
Every reward cut, new fee and benefit change we can source, dated and linked to where it was announced. Changes to cards in your wallet are highlighted on this device.
June 2025
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CutReportedKotak Mahindra Bank· since 1 June 2025
Kotak adds 1% category fees, raises interest and trims rewards
Kotak added a 1% fee on utility, education, wallet-reload, skill-gaming and fuel spends above per-cycle thresholds, raised finance charges on most cards from 3.5% to 3.75% a month, and stopped rewards on rent, wallets, insurance, utilities, education, government and gaming spends. White Reserve, Solitaire, Infinite and Signature variants were exempt from the new fees, and point redemption values were cut on cards such as Royale, League and 811.
Applies across Kotak Mahindra Bank's cards
Source: Business Standard