Kotak Mahindra Bank · Mid
Kotak Zen Signature
Where it ranks across all 187 cards
#23 Jewellery & watches
1.3%
direct
#52 Fashion
1.3%
direct
#54 Online shopping
1.3%
direct
#50 Insurance
0.7%
direct
#51 Education
0.7%
direct
#59 Utility bills
0.7%
direct
#92 Mobile / broadband
0.7%
direct
#97 Train tickets
0.7%
direct
#104 Cabs & transit
0.7%
direct
#111 Health & pharmacy
0.7%
direct
#111 Other
0.7%
direct
#112 Electronics
0.7%
direct
#116 Hotels
0.7%
direct
#117 Flights
0.7%
direct
#123 Groceries
0.7%
direct
#123 Food delivery
0.7%
direct
#123 Movies & events
0.7%
direct
#129 Dining out
0.7%
direct
1 Jun 2025
Zen point cash value cut ₹0.25 to ₹0.20; min 2,000 pts to redeem.
Get an email if this card changes - sign in.
Points valued at ₹0.2/pt - conservative, what rankings use
Reward rules2 direct
Base rate - everything not covered below
0.67%base rate
5 pts / ₹150
source
Source: Kotak Zen Signature value chart (bank site, verified Aug 2026) - kotak.bank.in - read 21 Aug 2026
10 Zen pts / ₹150 on shopping (lifestyle, jewellery, dept stores, apparel)
1.33%this rule
10 pts / ₹150
source
Source: Kotak Zen Signature value chart (bank site, verified Aug 2026) - kotak.bank.in - read 21 Aug 2026
Base rate, but capped3
Education & insurance EARN, capped at ₹70,000 spend/cycle
base rate
source
Source: Kotak Zen Signature page (milestone + Jun 2025 revision) - kotak.com - read 22 Aug 2026
Utilities EARN, capped at ₹50,000 spend/cycle
base rate
source
Source: Kotak Zen Signature page (milestone + Jun 2025 revision) - kotak.com - read 22 Aug 2026
Government EARNS, capped at ₹40,000 spend/cycle
base rate
source
Source: Kotak Zen Signature page (milestone + Jun 2025 revision) - kotak.com - read 22 Aug 2026
Percentages here are each rule's own rate.
The card's single headline is the best of the direct rules only - selectable packs, capped-base rows and
portal/voucher routes above are shown for completeness but never set it.
Earns nothing on5 exclusions
Wallet load
earns nothing
Wallet loads excluded from rewards/milestones.
→ use SC Ultimate here (3.3%)
detail & source
Bank notes the list is not exhaustive - all network MCCs in the category count.
categories: Wallet load · MCCs: 6540
Source: Kotak MCC annexure for fees/rewards exclusions (bank PDF, Jun 2025) - kotak.bank.in - read 22 Aug 2026
Rent
earns nothing
Rent excluded from rewards/milestones.
→ use Axis Burgundy Private here (5.2%)
detail & source
Bank notes the list is not exhaustive - all network MCCs in the category count.
categories: Rent · MCCs: 6513
Source: Kotak MCC annexure for fees/rewards exclusions (bank PDF, Jun 2025) - kotak.bank.in - read 22 Aug 2026
Fuel
earns nothing
Fuel MCCs excluded from rewards/milestones.
→ use Kotak Cashback+ Credit Card here (3.0%)
detail & source
Bank notes the list is not exhaustive - all network MCCs in the category count.
categories: Fuel · MCCs: 5172, 5541, 5542, 5983
Source: Kotak MCC annexure for fees/rewards exclusions (bank PDF, Jun 2025) - kotak.bank.in - read 22 Aug 2026
Gaming
earns nothing
Online skill-based gaming excluded from rewards/milestones.
→ use FIRST Private here (6.6%)
detail & source
Bank notes the list is not exhaustive - all network MCCs in the category count.
categories: Gaming · MCCs: 5816
Source: Kotak MCC annexure for fees/rewards exclusions (bank PDF, Jun 2025) - kotak.bank.in - read 22 Aug 2026
EMI
earns nothing
EMI transactions excluded from rewards and milestone spends (MITC).
→ use Kotak Solitaire Credit Card here (3.0%)
detail & source
categories: EMI
Source: Kotak MITC (KOTMITC/07/2026 v2, 31 Jul 2026) - kotak.com - read 22 Aug 2026