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Understanding the charges linked to your credit card helps you avoid unexpected costs and make smarter, more informed spending decisions.
Last updated on: February 26, 2026
Owning a credit card often involves joining fees and annual charges that can add up over time. While many credit cards have annual fees, there are ways to waive them.
For instance, the Kotak Mojo Platinum Credit Card offers an annual charges waiver if you spend ₹1 Lakh within a year. Check out the Kotak Bank Credit Card charges and fees for maintenance of your card:
| Credit Card Variant | Joining Fees | Annual Charges |
|---|---|---|
Kotak League Platinum Credit Card |
NIL |
NIL |
IndianOil Kotak Credit Card |
₹449 + GST |
₹449 + GST |
Disclaimer: The joining and annual fees mentioned above may change at the issuer’s discretion.
Withdrawing cash using a credit card can be a convenient option in emergencies. Being aware of the associated costs is essential. Kotak Bank imposes specific charges for cash withdrawals, which can vary depending on the credit card type. Check out the Kotak Bank Credit Card fees and charges for ATM withdrawals:
Cash Advance Charges |
2.5% on advance amount, subject to a minimum of ₹500 |
Disclaimer: The aforementioned charges are applicable to certain cards based on the issuer’s discretion. Kindly check the bank website to get the list of credit card charges and fees.
Using your credit card for international transactions comes with additional costs known as forex charges. While these charges vary significantly across different credit cards, Kotak Mahindra Bank offers some competitive options.
For instance, the Kotak Legend Platinum Credit Card boasts one of the lowest forex charges at 0.035%. The following are the Kotak Bank Credit Card forex charges:
Forex Charges |
3.5% of the transaction amount |
Disclaimer: The aforementioned charges are applicable to certain cards based on the issuer’s discretion. Kindly check the bank website to get the list of credit card charges and fees.
Kotak Mahindra Bank allows you to consolidate existing credit card debt onto a Kotak Mahindra Bank Credit Card, often at a lower interest rate. This financial strategy helps simplify debt management and potentially reduces the total interest paid over time. Check out the Kotak Mahindra Bank Credit Card charges & fees for the balance transfer facility:
Processing Fee for Balance Transfer |
₹349 + GST for transferring per ₹10,000 |
Disclaimer: The fees mentioned above may change at the issuer’s discretion.
Exceeding your credit limit can lead to additional charges. While most Kotak Mahindra Bank Credit Cards incur over-limit fees, there are some exceptions. The Kotak 811 #DreamDifferent Credit Card exempts you from these charges. The following are the Kotak Bank Credit Card charges for the over-limit facility:
Over-limit Charges |
₹ 500 |
Disclaimer: These charges can vary at the discretion of the bank.
Missing your credit card payment due date can result in additional costs. Kotak Mahindra Bank imposes these late payment charges as a penalty for delayed payments. The following are the Kotak Mahindra Bank Credit Card fees for late payment of the due amount:
| Transaction Amount | Late Payment Fee |
|---|---|
Less than ₹100 |
NIL |
From ₹100 to ₹500 |
₹ 100 |
From ₹501 to ₹5,000 |
₹ 500 |
From ₹5,001 to ₹10,000 |
₹ 600 |
From ₹10,001 to ₹25,000 |
₹ 800 |
From ₹25,001 to ₹50,000 |
₹ 1,000 |
More than ₹50,000 |
₹ 1,200 |
Disclaimer: These charges can vary at the discretion of the bank.
Beyond interest rates and annual fees, there are several other costs to consider. These additional expenses can affect your overall credit card experience if not managed properly. Check out other types of Kotak Mahindra Bank Credit Card fees:
| Type of Charges | Applicable Fees |
|---|---|
Add-on Card Fees |
NIL to ₹599 |
Cash Payment Fees |
NIL to ₹100 |
Card Re-issuance or Replacement Fees |
Up to ₹200 depending on the card |
Credit Limit Increase Processing Fees |
₹100 + GST |
Disclaimer: These charges can vary at the discretion of the bank.
The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.
The information including interest rates or fees and charges with regard to any credit card, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, trade names, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.
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Some of the types of Kotak Bank Credit Card charges are listed below:
The finance charges depend on the credit card variant you have chosen. Kotak Mahindra Bank charges an interest rate of 3.50% p.m. on most credit cards.
Yes, you will have to pay late payment charges if you do not pay the outstanding balance or the minimum due amount before the due date.
The over-limit fee on most Kotak Bank Credit Cards is ₹500.
Yes, you can enjoy an interest-free period of 90 days upon transferring the balance from your existing credit card to a Kotak Mahindra Bank Credit Card.
You can avoid late payment charges by clearing your outstanding balance before the specified due date. If you cannot pay this amount, you can also clear the minimum amount to evade these charges.
The annual charges for Kotak Bank Credit Cards vary depending on your chosen variant. You can select a variant based on your spending patterns and financial requirements. For instance, if you want a free card, you can get a Kotak Bank Infinite Credit Card, which does not require paying annual charges.
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