Base reward rate: 2 Air Miles per ₹100 spent, 5 Air Miles per ₹100 on travel via Kotak Unbox.
Redemption options: Kotak Unbox, Partner Miles
Redemption value: 1 Pt = ₹1.00
Fees & Charges
Joining fee: 3000
Annual fee: 3000
Pros
Accelerated 5% reward rate on travel, offering 5 Air Miles per ₹100 spent on the Kotak Unbox platform.
Strong base reward rate of 2 Air Miles per ₹100 spent (2% value back), which is higher than many competing cards in this fee segment.
Includes international travel benefits with 2 complimentary Priority Pass lounge visits per year and a low 2.00% forex markup.
Offers 4 complimentary domestic DreamFolks lounge visits annually, with no minimum spend requirement to unlock the benefit.
The annual fee of ₹3,000 is waived on achieving a spend of ₹4 Lakhs in the previous year, making the card potentially free for moderate spenders.
Welcome and renewal benefits of 2,500 Air Miles each effectively offset a significant portion of the joining and annual fees.
Complimentary guest lounge access included
Cons
Major drawback for a travel card: International spends are explicitly excluded from earning Air Miles, nullifying the benefit of the low forex markup for rewards accumulation.
Extensive reward exclusions on common high-volume categories like rent, utilities, insurance, and education severely limit the card's overall earning potential.
Redemption is highly restrictive, as Air Miles can only be used for travel bookings on Kotak Unbox or converted to partner miles, with no option for cashback or product catalogue.
Domestic lounge access is limited to 4 visits per year, which is less generous than the 8 visits offered by several other cards in the same ₹3,000 annual fee range.
Lacks any spend-based milestone benefits, such as bonus miles for reaching annual spending thresholds, a feature common on competing cards.
Best Use Case
Frequent travelers who prefer earning Air Miles for flight and hotel bookings, especially through Kotak Unbox.