Kotak Crave Credit Card
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Community Consensus
Consensus Note: Kotak Crave Credit Card issued by Kotak Mahindra Bank remains a flagship choice for Discontinued entry-level Visa with dining accelerator — current shoppers should consider Kotak Altura Plus instead. Verified user discussions highlight strong yields on spending thresholds.
At-A-Glance Quick Facts
AI Verdict CredSutra Engine
Synthesized objective algorithmic score
The Kotak Crave Credit Card issued by Kotak Mahindra Bank offers competitive value for Discontinued entry-level Visa with dining accelerator — current shoppers should consider Kotak Altura Plus instead. Audit your monthly spending against its ₹499 + GST (No spend-based waiver, NO LONGER ACCEPTING APPLICATIONS) fee structure.
Key Trade-offs & Considerations
- ⚡ Annual fee of ₹499 + GST (No spend-based waiver, NO LONGER ACCEPTING APPLICATIONS)
- ⚡ Lounge access policy: None
- ⚡ Reward rate: 1% - 2% reward points (2 RP/₹100 on dining)
Key Benefits & Characteristics
Category Rewards Multiplier Matrix
| Spend Category | Earning Multiplier / Return Rate |
|---|---|
| flight Travel & Flights | 2% to 5% points |
| shopping_cart Online Shopping & SaaS | 1% to 5% cashback |
| storefront Offline Retail Stores | 1% reward points |
| account_balance Government & Tax Pay | 0.5% (Caps apply) |
| house Rent & Wallet Loads | Excluded / 1% surcharge |
receipt_long Fee & Surcharge Breakdown
Detailed Analysis & Review
Community Verdict
[!NOTE] Our Take: The Kotak Crave Credit Card was a low-cost Visa shopping card from Kotak with a small ₹499 fee and a flat-tier reward structure topped by a 2% dining accelerator. It earned 1 RP per ₹100 offline, 1.5 RP per ₹100 online and 2 RP per ₹100 on dining, with redemptions at a flat ₹0.25 per point across statement credit, airmiles and brand vouchers. As of mid-2026 the card has been discontinued — the official Kotak product page now returns 404 and new applications are not being accepted. Existing cardholders retain their benefits, but new users should look at the Kotak Altura Plus (still active, same ₹500 fee band) or Axis Cashback Credit Card for similar use cases.
[!IMPORTANT] Card Status Update (July 2026): Kotak Mahindra Bank has discontinued sourcing of the Crave Credit Card. The product page at kotak.bank.in/personal-banking/cards/credit-cards/crave-credit-card returns 404, and the card no longer appears on aggregator sites. The information below reflects the card’s documented benefit structure from its active period.
Pros
- Dining Accelerator: 2 Reward Points per ₹100 spent on dining — a rare 2% return for an entry-level Visa in this fee band.
- 1.5X Online Accelerator: 1.5 Reward Points per ₹100 on every online spend — uniform across all e-commerce categories.
- Simple Flat-Reward Structure: Flat 1 RP offline and 1.5 RP online — predictable returns with no rotating calendar.
- 1% Fuel Surcharge Waiver: Save 1% on fuel transactions between ₹400 and ₹4,000 at any fuel station.
- Visa Acceptance: Runs on Visa rails, accepted across the vast majority of offline and online merchants in India.
- Zero Add-on Card Fee: Issue add-on cards to family members at no extra cost.
- ₹50,000 Fraud Liability Cover: You are protected against unauthorised transactions up to ₹50,000.
- Low Entry Fee: ₹499 + GST joining fee is modest for a Visa that includes a dining accelerator.
Cons
- Card Discontinued: As of July 2026, Kotak has stopped sourcing new applications for the Crave card — the product page returns 404.
- No Airport Lounge Access: Zero domestic or international lounge visits — pure shopping card with no travel perks.
- Statement Redemption at ₹0.25/RP: Cashing out via statement credit at 25 paise per point is below the value offered by premium cards like HDFC Infinia (₹0.30/RP).
- Fuel Earns Nothing on Points: Fuel surcharge is waived but no reward points are credited on fuel spends.
- Rent Pays a 1% Fee: Rent payments via the card attract a 1% fee (capped at ₹250 + GST) AND earn zero reward points.
- Government & Wallet Loads Excluded: No points on government utility transactions or wallet loads.
- ₹99 Redemption Fee: Every redemption request carries a ₹99 + GST charge, which discourages small, frequent redemptions.
- No Spend-Based Fee Waiver: The annual fee of ₹499 + GST cannot be waived by hitting a spend threshold.
Reward Spends & Categories
Understanding how your card earns is critical to maximising your monthly budget. The Kotak Crave Credit Card delivers a reward yield of 1% - 2% reward points with the following earning rates per category:
| Category Spend | Earning Rate / Reward Points |
|---|---|
| 🍽️ Dining | 2 Reward Points per ₹100 (2% return) |
| 🛍️ Online Shopping | 1.5 Reward Points per ₹100 (1.5% return) |
| 🛒 Offline / Retail Spends | 1 Reward Point per ₹100 (1% return) |
| ✈️ Flights & Hotels | 1 Reward Point per ₹100 (1% return) |
| ⛽ Fuel Transactions | 0 Reward Points (1% fuel surcharge waiver applies) |
| 🏛️ Government Spends | 0 Reward Points (Government transactions excluded) |
| 🏠 Rent Transactions | 0 Reward Points (1% convenience fee capped at ₹250 + GST) |
| 💳 Wallet Loads | 0 Reward Points (Not eligible for rewards) |
Reward Point Redemption Value
When redeeming your accumulated points, every channel delivers the same flat value:
- Cash / Statement Credit: Value of 1 Point = ₹0.25
- Airmiles (Flight Transfers): Value of 1 Point = 0.25 Airmile per point
- Cash Vouchers (Brand Catalog): Value of 1 Point = ₹0.25
[!IMPORTANT] A redemption fee of ₹99 + GST is charged per redemption request. Factor this in before initiating small redemptions — accumulate points until you have a meaningful batch.
Airport Lounge & Travel Perks
Lounge accessibility is currently one of the most volatile card benefits in India. This card offered: None.
[!TIP] With multiple banks implementing quarterly spend-based criteria, make sure you meet the baseline thresholds in the preceding quarter to prevent lounge access declines at the terminal.
Annual Fees & Charges
- Joining Fee: ₹499 + GST
- Annual Fee: ₹499 + GST
- Renewal Fee: ₹499 + GST
- Forex Markup: 3.5% per foreign currency transaction
- Cash Withdrawal Fee: ₹500 per cash advance
- Card Replacement Fee: ₹100
- Reward Redemption Fee: ₹99 + GST per redemption
Data Verification
- Verification Tier: ARCHIVED_DATA (Card discontinued; data reflects active-period benefits)
- Editorial Feeds: Finology Select (archived), Community Forums
- Last Status Update: 2026-07-03
For official terms, interest rates, and applications, refer to the Bank Reference Page.
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