Kotak Air+ Credit Card

Kotak Air+ Credit Card is one of the Best Travel Credit Cards offering Air Miles on all purchases, welcome and renewal benefits, complimentary 2 international and 4 domestic lounge access annually, 2% foreign currency mark-up and 1% fuel surcharge waiver.

The key features of the Kotak Air+ Credit Card are as follows:

• Kotak Air+ is a decent Kotak Credit Cards for travel, which earns you 5 Air Miles (maximum 15,000 Air Miles per statement cycle) for spending every Rs. 100 on flight and hotel bookings through Kotak Unbox.
• Earn 2 Air Miles for spending every Rs. 100 on other purchases.
• Earn 2,500 Air Miles as a welcome benefit on payment of the joining fee.
• Earn 2,500 Air Miles as a renewal benefit on completing every anniversary year, on payment of the annual fee.
• Earned Air Miles can be used for booking flights, hotel stays, or transferred to preferred hotel/airline partners.
• 1 Air Mile = Rs. 1 when redeemed for flight and hotel bookings through Kotak Unbox.
• No capping for earning base Air Miles. For every eligible spend of Rs. 200, you will earn 2 Air Miles.
• This is one of the best Credit Cards with Priority Pass, offering 2 complimentary international airport lounge access annually for primary cardholders.
• If you are looking for Airport Lounge Credit Cards, this card offers 4 complimentary domestic airport lounge access annually (maximum 2 per calendar quarter) for primary cardholders.
• Low foreign currency mark-up of just 2% on International transactions. 
• 1% fuel surcharge waiver (maximum Rs. 4,500 in an anniversary year) for fuel transactions on petrol pumps across India, for fuel transactions between Rs. 400 and Rs. 7,500. 
• Joining fee: Rs. 3,000 + GST.
• Annual fee: Rs. 3,000 + GST.

The charges associated with the Kotak Air+ Credit Card are as follows:

• Joining fee: Rs. 3,000 + GST.
• Annual fee: Rs. 3,000 + GST.
• Add-on card fee: Nil.
• Finance charges: 3.50% monthly (42% annually).
• Cash advance fee: 2.5% (minimum Rs. 500) on advance amount.
• Late payment charges: Rs. 0 to Rs. 1,300 (depends on outstanding balance amount).
• Over limit charges: Rs. 500 (for over limit amount of Rs. 500 or more).
• Standing instruction failure/ auto-debit return charges: 2% (minimum Rs. 450 & maximum Rs. 5,000) on bounce amount.
• Cheque return fee: 2% (minimum of Rs. 500) on bounce amount.
• Foreign currency transaction markup/ dynamic currency conversion fee: 2%.
• Railway booking surcharge: As per applicable rate. 
• Cash payment at branches: Rs. 100.
• Card replacement fees (in case of loss/damage): Rs. 100 per card.
• Fee for image card: Rs. 99 or Rs. 199 per image card basis selected card design.
• Rent payment fee: 1% of the transaction amount + GST.
• Utility spends fee: 1% on cumulative spends exceeding the threshold per statement cycle.
• Education payment fee: 1% transaction fee on all education payments via third-party apps.
• Wallet loading fee: 1% on cumulative spends exceeding Rs. 10,000 per statement cycle. 
• Online skill-based gaming fee: 1% on cumulative spends exceeding Rs. 10,000 per statement cycle.
• Fuel transactions: 1% on cumulative spends exceeding the threshold per statement cycle.
• Processing fee for credit limit increase: Rs. 100.
• Goods and Services Tax (GST): Applicable on all charges at the current rate.

Pros

• This best cash back credit card offers 5 Air Miles for spending every Rs. 100 on flight and hotel bookings through Kotak Unbox.
• 2 Air Miles for spending every Rs. 100 on other purchases.
• 2,500 Air Miles as a welcome benefit and 2,500 Air Miles as a renewal benefit.
• 2 complimentary international airport lounge access annually through Priority Pass.
• 4 complimentary domestic airport lounge access annually.
• Low foreign currency mark-up of just 2% on International transactions. 
• This card comes in the list of Fuel Surcharge Waiver Credit Cards, offering 1% fuel surcharge waiver for fuel transactions on petrol pumps across India.

Cons

• Air Miles will not be accrued on insurance, utility, telecom, education, government, rent, fuel, wallet loading, online gaming, EMI, cash advance and international transactions.
• As per Kotak Credit Card Reward Programs, to get 2,500 Air Miles as a welcome benefit and 2,500 Air Miles as a renewal benefit, you will have to make joining and annual fees payment, respectively.
• Complimentary international as well as domestic airport lounge visits are available only for primary cardholders.
• Minimum 200 Air Miles are required for booking flights and hotels on Kotak Unbox.
• Minimum 1,000 Air Miles are required to transfer to a preferred airline/hotel partner.
• Maximum Air Miles redemption allowed up to 80% of the booking value for flight/hotel booking on Kotak Unbox.
• If you are looking for a lifetime free credit card, you must explore other Kotak credit card options.

Below are the basic Kotak Air+ Credit Card eligibility criteria:

• Age: 21 to 60 years for the primary credit card holder and 18 years or above for an add-on cardholder.
• Citizenship: Resident of India.
• Income: The applicant must have a regular source of income. 
• Credit score: The applicant must have a reliable credit history without any past defaults. Location: The applicant must live in Chennai, Pune, Hyderabad, Ahmedabad, Bangalore, Chandigarh, Delhi (including Noida and Gurgaon), Mumbai,

You will require the following documents to apply for the Kotak Air+ credit card:

• PAN Card 
• Proof of identity: Aadhaar Card, Passport, Voter ID Card, or Driving Licence.
• Proof of address: Passport, Aadhaar Card, Recent Utility Bill (not older than 3 months), or Registered Rental or Lease Agreement.
• Proof of income for salaried: Past 3 months' Salary Slips and Banking Statements with salary credits, and Form 16/ latest ITR.
• Proof of income for self-employed: Past 2 years’ Audited Financial Reports and ITR.

You can apply for the Kotak Air+ Credit Card online by following the steps mentioned below:

• Open the Credit Cards page on the official website of Kotak Mahindra Bank.
• Find the Kotak Air+ Credit Card option and apply for it.
• Fill out the application by providing all the required details online.
• Upload the copies of all the required documents.
• Complete the Video KYC when instructed to finalise your submission.